- ISIN
- US76882K7028
- CUSIP
- 76882K702
- Issuer
- RiverPark Funds
- Inception Date
- Sep 30, 2010
- Category
- High Yield Bonds
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RPHIX Performance Chart
RiverPark Short Term High Yield Fund (RPHIX) is up 1.8% since the beginning of the year. RPHIX is currently trading at $10 per share. Investors who bought $1,000 worth of RPHIX shares 5 years ago would now be looking at an investment worth $1,253.
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Returns By Period
RiverPark Short Term High Yield Fund (RPHIX) has returned 1.76% so far this year and 4.39% over the past 12 months. Over the last ten years, RPHIX has returned 3.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
RiverPark Short Term High Yield Fund
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.76%
- 6M
- 1.89%
- 1Y
- 4.39%
- 3Y*
- 5.57%
- 5Y*
- 4.61%
- 10Y*
- 3.51%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RPHIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2011, RPHIX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 90% of months were positive and 10% were negative. The best month was Dec 2024 with a return of +1.5%, while the worst month was Mar 2020 at -1.1%. The longest winning streak lasted 45 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RPHIX closed higher 24% of trading days. The best single day was Dec 6, 2021 with a return of +1.0%, while the worst single day was Dec 7, 2021 at -0.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.22% | 0.38% | 0.39% | 0.34% | 0.32% | 0.10% | 1.76% | ||||||
| 2025 | 0.55% | 0.26% | 0.22% | 0.38% | 0.48% | 0.46% | 0.31% | 0.35% | 0.48% | 0.23% | 0.40% | 0.54% | 4.76% |
| 2024 | 0.47% | 0.50% | 0.48% | 0.44% | 0.50% | 0.55% | 0.37% | 0.49% | 0.51% | 0.38% | 0.37% | 1.46% | 6.71% |
| 2023 | 0.47% | 0.29% | 0.46% | 0.42% | 0.48% | 0.20% | 0.56% | 0.59% | 0.41% | 0.35% | 0.84% | 0.64% | 5.87% |
| 2022 | 0.06% | 0.06% | -0.02% | 0.04% | 0.34% | -0.20% | 0.69% | 0.27% | -0.05% | 0.47% | 0.85% | 0.42% | 2.97% |
| 2021 | 0.12% | 0.16% | 0.22% | 0.22% | 0.19% | 0.26% | 0.14% | 0.12% | -0.03% | 0.23% | 0.04% | 0.36% | 2.05% |
Benchmark Metrics
RiverPark Short Term High Yield Fund has an annualized alpha of 3.17%, beta of 0.02, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.
- This fund captured 8.56% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.41%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.07 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.17%
- Beta
- 0.02
- R²
- 0.07
- Upside Capture
- 8.56%
- Downside Capture
- -6.41%
Expense Ratio
RPHIX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RPHIX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +7.39 | ||
| Omega ratioGain probability vs. loss probability | 3.46 | 1.37 | +2.09 |
| Calmar ratioReturn relative to maximum drawdown | 41.59 | 2.78 | +38.81 |
| Martin ratioReturn relative to average drawdown | 105.77 | 12.44 | +93.33 |
Dividends
Dividend History
RiverPark Short Term High Yield Fund provided a 4.08% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.46 | $0.62 | $0.49 | $0.33 | $0.20 | $0.24 | $0.28 | $0.28 | $0.26 | $0.26 | $0.31 |
Dividend yield | 4.08% | 4.76% | 6.40% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.63% | 3.19% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.00 | $0.12 | ||||||
| 2025 | $0.02 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.46 |
| 2024 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.03 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.15 | $0.62 |
| 2023 | $0.04 | $0.03 | $0.03 | $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 | $0.04 | $0.20 |
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -3.16%Mar 2020 | 27d | 3mo 24d | 4mo 21dFeb 2020 - Jul 2020 |
2015 pullback2015 | -0.93%Aug 2015 | 1mo 2d | 6mo 5d | 7mo 7dJul 2015 - Feb 2016 |
2021 pullback2021 | -0.92%Dec 2021 | 0s | 7mo 15d | 7mo 15dDec 2021 - Jul 2022 |
2011 pullback2011 | -0.80%Aug 2011 | 7d | 2mo 9d | 2mo 16dAug 2011 - Oct 2011 |
2023 pullback2023 | -0.72%Dec 2023 | 0s | 1mo 23d | 1mo 23dDec 2023 - Feb 2024 |
Drawdown Indicators
| RPHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.16% | -56.78% | +53.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -9.10% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.72% | -18.90% | +18.18% |
Max Drawdown (5Y)Largest decline over 5 years | -0.92% | -25.43% | +24.51% |
Max Drawdown (10Y)Largest decline over 10 years | -3.16% | -33.92% | +30.76% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -10.71% | +10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.03% | -1.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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