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RiverPark Short Term High Yield Fund (RPHIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

RiverPark Short Term High Yield Fund (RPHIX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

Under normal circumstances, the fund will invest no less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in high yield Securities rated BB or below by a Rating Agency or, if unrated, determined by Cohanzick to be of comparable quality. It will maintain a dollar-weighted average effective maturity of no more than three years.

Fund Info

ISIN

US76882K7028

CUSIP

76882K702

Issuer

RiverPark Funds

Inception Date

Sep 30, 2010

Category

High Yield Bonds

Min. Investment

$50,000

Asset Class

Bond

Expense Ratio

RPHIX has an expense ratio of 0.89%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

RiverPark Short Term High Yield Fund

Popular comparisons:
RPHIX vs. VTIP RPHIX vs. FTEC RPHIX vs. SPY RPHIX vs. OSTIX RPHIX vs. CSHI RPHIX vs. TRBUX
Popular comparisons:
RPHIX vs. VTIP RPHIX vs. FTEC RPHIX vs. SPY RPHIX vs. OSTIX RPHIX vs. CSHI RPHIX vs. TRBUX

Performance

Performance Chart

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S&P 500

Returns By Period

RiverPark Short Term High Yield Fund (RPHIX) returned 1.95% year-to-date (YTD) and 5.18% over the past 12 months. Over the past 10 years, RPHIX returned 3.15% annually, underperforming the S&P 500 benchmark at 10.84%.

RPHIX

YTD

1.95%

1M

0.38%

6M

2.39%

1Y

5.18%

3Y*

5.35%

5Y*

4.12%

10Y*

3.15%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of RPHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.55%0.26%0.23%0.38%0.52%1.95%
20240.47%0.50%0.49%0.44%0.50%0.55%0.37%0.50%0.51%0.38%0.37%0.47%5.68%
20230.47%0.29%0.47%0.42%0.48%0.21%0.56%0.59%0.41%0.35%0.84%0.64%5.88%
20220.05%0.06%-0.02%0.04%0.34%-0.20%0.69%0.27%-0.05%0.48%0.85%0.42%2.97%
20210.12%0.17%0.23%0.22%0.19%0.26%0.13%0.12%-0.03%0.23%0.04%0.36%2.06%
20200.39%0.02%-1.09%0.37%0.18%0.60%0.25%0.22%0.22%0.19%0.30%0.28%1.94%
20190.68%0.45%0.26%0.45%0.14%0.32%0.08%-0.06%0.33%-0.01%-0.16%0.26%2.76%
20180.33%0.11%0.17%0.53%0.04%0.16%0.46%0.26%0.20%0.06%0.14%-0.06%2.44%
20170.31%0.20%0.25%0.21%0.22%0.15%0.15%0.24%0.26%0.25%0.14%0.10%2.51%
2016-0.07%0.59%0.46%0.23%0.21%0.38%0.36%0.35%0.25%0.30%0.18%0.16%3.44%
20150.25%0.26%0.18%0.37%0.11%0.06%0.18%-0.55%0.07%0.31%-0.03%-0.01%1.22%
20140.37%0.19%0.42%0.24%0.29%0.43%-0.03%0.49%-0.08%0.28%0.39%0.10%3.14%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 99, RPHIX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of RPHIX is 9999
Overall Rank
The Sharpe Ratio Rank of RPHIX is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of RPHIX is 9999
Sortino Ratio Rank
The Omega Ratio Rank of RPHIX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of RPHIX is 9999
Calmar Ratio Rank
The Martin Ratio Rank of RPHIX is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

RiverPark Short Term High Yield Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 5.72
  • 5-Year: 3.90
  • 10-Year: 2.79
  • All Time: 3.07

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of RiverPark Short Term High Yield Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

RiverPark Short Term High Yield Fund provided a 5.04% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 3 consecutive years.

2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.49$0.53$0.49$0.33$0.20$0.24$0.28$0.28$0.26$0.28$0.31$0.39

Dividend yield

5.04%5.43%5.09%3.47%2.04%2.43%2.84%2.84%2.69%2.86%3.19%3.92%

Monthly Dividends

The table displays the monthly dividend distributions for RiverPark Short Term High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.05$0.04$0.04$0.00$0.15
2024$0.05$0.05$0.04$0.05$0.05$0.03$0.05$0.04$0.05$0.04$0.04$0.06$0.53
2023$0.04$0.03$0.04$0.03$0.05$0.04$0.03$0.05$0.04$0.04$0.04$0.07$0.49
2022$0.02$0.01$0.01$0.01$0.02$0.01$0.02$0.03$0.03$0.03$0.02$0.14$0.33
2021$0.01$0.02$0.02$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.05$0.20
2020$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.24
2019$0.03$0.02$0.03$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.01$0.03$0.28
2018$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.02$0.03$0.02$0.02$0.28
2017$0.02$0.02$0.02$0.03$0.02$0.03$0.03$0.02$0.03$0.01$0.02$0.01$0.26
2016$0.02$0.03$0.03$0.02$0.03$0.02$0.03$0.02$0.02$0.03$0.02$0.02$0.28
2015$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.31
2014$0.03$0.04$0.03$0.02$0.03$0.03$0.04$0.04$0.03$0.03$0.03$0.04$0.39

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the RiverPark Short Term High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the RiverPark Short Term High Yield Fund was 3.16%, occurring on Mar 23, 2020. Recovery took 79 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-3.16%Feb 25, 202020Mar 23, 202079Jul 15, 202099
-0.93%Jul 17, 201527Aug 24, 2015127Feb 25, 2016154
-0.92%Dec 7, 20211Dec 7, 2021154Jul 20, 2022155
-0.8%Aug 2, 20116Aug 9, 201148Oct 17, 201154
-0.51%Nov 28, 201413Dec 16, 201410Dec 31, 201423
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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