RiverPark Strategic Income Fund (RSIIX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RSIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RSIIX
RSIIX charges 1.18% annually. There are 154 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | RSIIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | RSIIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | RSIIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | RSIIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | RSIIX vs CRDOX |
Best Risk-Adjusted Alternatives to RSIIX
RSIIX has a PortfoliosLab risk / return rank of 76. There are 83 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | RSIIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | RSIIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | RSIIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | RSIIX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | RSIIX vs PSHNX |
Top Performing RSIIX Alternatives (YTD)
RSIIX is at 2.65% YTD. There are 33 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fairholme Focused Income Fund | 10.25% | — | Dec 2009 | RSIIX vs FOCIX | |
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | RSIIX vs XILSX | |
| Fidelity Capital & Income Fund | 6.80% | — | Nov 1977 | RSIIX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.24% | — | Oct 2018 | RSIIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.18% | — | Jul 1995 | RSIIX vs FAHCX |
Lowest Volatility Alternatives to RSIIX
RSIIX has 3.10% 1-year volatility. There are 79 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | RSIIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | RSIIX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | RSIIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | RSIIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | RSIIX vs OSTIX |
Lowest Drawdown Alternatives to RSIIX
RSIIX has a 1-year max drawdown of -1.79%. There are 30 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | RSIIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | RSIIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | RSIIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | RSIIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | RSIIX vs SCFIX |
Other Mutual Funds from RiverPark Funds
The 4 most viewed RiverPark Funds mutual funds shown here include RPXIX, RCRIX, RLSIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverPark Large Growth Fund | Large Cap Growth Equities | 9 | 1.61% | — | Sep 2010 | RSIIX vs RPXIX | |
| RiverPark Floating Rate CMBS Fund | Bank Loan | 100 | 2.43% | — | Sep 2016 | RSIIX vs RCRIX | |
| RiverPark Long/Short Opportunity Fund | Long-Short | 5 | -1.55% | — | Mar 2012 | RSIIX vs RLSIX | |
| Wedgewood Fund | Large Cap Growth Equities | 11 | 4.89% | — | Sep 2010 | RSIIX vs RWGIX |
Often Compared With RSIIX
Investors most often compare RSIIX with CBLDX, PRWCX, RCTIX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare RSIIX with Any Fund or Stock
Compare RSIIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RSIIX with funds that move differently
RiverPark Strategic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RSIIX.
Explore RSIIX Diversifiers