AINP vs. RFCI

Last updated Jun 23, 2026

AINP (Allspring Income Plus ETF) and RFCI (RiverFront Dynamic Core Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, AINP returned 5.84% vs 3.93% for RFCI. A 0.73 correlation means they provide meaningful diversification when combined. AINP charges 0.36%/yr vs 0.54%/yr for RFCI.

Performance

AINP vs. RFCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Income Plus ETF (AINP) and RiverFront Dynamic Core Income ETF (RFCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AINP achieves a 1.29% return, which is significantly higher than RFCI's 0.24% return.

AINP

• 1D: -0.20%
• 1M: 0.69%
• YTD: 1.29%
• 6M: 1.37%
• 1Y: 5.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RFCI

• 1D: -0.05%
• 1M: 0.45%
• YTD: 0.24%
• 6M: 0.77%
• 1Y: 3.93%
• 3Y*: 4.59%
• 5Y*: 1.20%
• 10Y*: 2.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AINP vs. RFCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AINP Allspring Income Plus ETF	1.29%	7.53%	-1.22%
RFCI RiverFront Dynamic Core Income ETF	0.24%	6.85%	-1.42%

Correlation

The correlation between AINP and RFCI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.73

The correlation between AINP and RFCI has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.

Return for Risk

AINP vs. RFCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AINP

AINP Risk / Return Rank: 55
AINP Sharpe Ratio Rank: 54
AINP Sortino Ratio Rank: 59
AINP Omega Ratio Rank: 58
AINP Calmar Ratio Rank: 49
AINP Martin Ratio Rank: 56

RFCI

RFCI Risk / Return Rank: 31
RFCI Sharpe Ratio Rank: 32
RFCI Sortino Ratio Rank: 31
RFCI Omega Ratio Rank: 29
RFCI Calmar Ratio Rank: 31
RFCI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AINP vs. RFCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Income Plus ETF (AINP) and RiverFront Dynamic Core Income ETF (RFCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AINP	RFCI	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.12	+0.65
Sortino ratio: Return per unit of downside risk	2.69	1.62	+1.07
Omega ratio: Gain probability vs. loss probability	1.35	1.20	+0.15
Calmar ratio: Return relative to maximum drawdown	2.34	1.49	+0.85
Martin ratio: Return relative to average drawdown	9.56	4.26	+5.30

AINP vs. RFCI - Sharpe Ratio Comparison

The current AINP Sharpe Ratio is 1.77, which is higher than the RFCI Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of AINP and RFCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AINP vs. RFCI - Drawdown Comparison

The maximum AINP drawdown since its inception was -2.61%, smaller than the maximum RFCI drawdown of -14.18%. Use the drawdown chart below to compare losses from any high point for AINP and RFCI.

Drawdown Indicators

	AINP	RFCI	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-14.18%	+11.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-2.65%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.18%	—
Current Drawdown Current decline from peak	-0.41%	-1.27%	+0.86%
Average Drawdown Average peak-to-trough decline	-0.46%	-3.22%	+2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	0.92%	-0.31%

Volatility

AINP vs. RFCI - Volatility Comparison

Allspring Income Plus ETF (AINP) and RiverFront Dynamic Core Income ETF (RFCI) have volatilities of 0.96% and 1.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AINP	RFCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	1.00%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	2.69%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.32%	3.52%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	5.13%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.62%	4.94%	-1.32%

AINP vs. RFCI - Expense Ratio Comparison

AINP has a 0.36% expense ratio, which is lower than RFCI's 0.54% expense ratio.

Dividends

AINP vs. RFCI - Dividend Comparison

AINP's dividend yield for the trailing twelve months is around 5.77%, more than RFCI's 4.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AINP Allspring Income Plus ETF	5.77%	5.03%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RFCI RiverFront Dynamic Core Income ETF	4.55%	4.55%	4.30%	3.55%	2.26%	3.45%	2.04%	2.66%	2.76%	2.03%	1.97%

Frequently Asked Questions

Can I hold both AINP and RFCI in my portfolio?

AINP and RFCI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AINP or RFCI?

RFCI has higher volatility (1.00%) compared to AINP (0.96%). In terms of maximum drawdown, AINP dropped -2.61% vs RFCI's -14.18%.

Which ETF is better, AINP or RFCI?

On 1-year performance, AINP leads with 5.84% vs 3.93% for RFCI. On fees, AINP is cheaper at 0.36% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AINP or RFCI?

Over the 1-year period, AINP has performed better with a 5.84% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AINP or RFCI?

AINP is cheaper with a 0.36% expense ratio, compared with 0.54% for RFCI.

Which ETF pays a higher dividend yield, AINP or RFCI?

AINP has the higher dividend yield at 5.77%, compared with 4.55% for RFCI.

What is the main difference between AINP and RFCI?

They also come from different issuers: Allspring and SS&C. Their fees differ too: 0.36% for AINP and 0.54% for RFCI.

Which has better risk-adjusted returns?

AINP currently has the higher Sharpe Ratio (1.77 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.