RiverNorth Doubleline Strategic Income Fund (RNSIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RNSIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RNSIX
RNSIX charges 0.87% annually. There are 44 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | RNSIX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | RNSIX vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | RNSIX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | RNSIX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | RNSIX vs MOFIX |
Best Risk-Adjusted Alternatives to RNSIX
RNSIX has a PortfoliosLab risk / return rank of 48. There are 43 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | RNSIX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | RNSIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | RNSIX vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | RNSIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | RNSIX vs CBLDX |
Top Performing RNSIX Alternatives (YTD)
RNSIX is at 0.55% YTD. There are 61 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.36%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 3.36% | — | Jan 2011 | RNSIX vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.03% | — | May 2016 | RNSIX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.37% | — | Nov 2015 | RNSIX vs NWXHX | |
| Eaton Vance Strategic Income Fund Class I | 2.33% | — | Apr 2009 | RNSIX vs ESIIX | |
| Nationwide Strategic Income A | 2.22% | — | Nov 2015 | RNSIX vs NWXEX |
Lowest Volatility Alternatives to RNSIX
RNSIX has 2.81% 1-year volatility. There are 26 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.19% | — | Nov 2015 | RNSIX vs NWXHX | |
| Nationwide Strategic Income A | 1.22% | — | Nov 2015 | RNSIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | RNSIX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.40% | — | Jan 2018 | RNSIX vs CBLDX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | RNSIX vs RFXIX |
Lowest Drawdown Alternatives to RNSIX
RNSIX has a 1-year max drawdown of -2.05%. There are 17 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | RNSIX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | RNSIX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | RNSIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | RNSIX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | RNSIX vs BWDTX |
Other Mutual Funds from RiverNorth Funds
The 1 most viewed RiverNorth Funds mutual funds shown here include RNHIX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth/Oaktree High Income Fund | High Yield Bonds | 55 | 1.19% | — | Dec 2012 | RNSIX vs RNHIX |
Often Compared With RNSIX
Investors most often compare RNSIX with CLOZ, ETSIX, MZLSX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare RNSIX with Any Fund or Stock
Compare RNSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RNSIX with funds that move differently
RiverNorth Doubleline Strategic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RNSIX.
Explore RNSIX Diversifiers