AXSIX vs. RCTIX

Last updated Apr 1, 2026

Compare and contrast key facts about Axonic Strategic Income Fund (AXSIX) and River Canyon Total Return Bond Fund (RCTIX).

AXSIX is managed by Axonic. It was launched on Dec 29, 2019. RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.

Performance

AXSIX vs. RCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axonic Strategic Income Fund (AXSIX) and River Canyon Total Return Bond Fund (RCTIX). The values are adjusted to include any dividend payments, if applicable.

AXSIX vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AXSIX Axonic Strategic Income Fund	0.69%	6.71%	8.30%	7.54%	-6.81%	5.91%	-0.16%
RCTIX River Canyon Total Return Bond Fund	-0.97%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.32%

Returns By Period

In the year-to-date period, AXSIX achieves a 0.69% return, which is significantly higher than RCTIX's -0.97% return.

AXSIX

• 1D: 0.11%
• 1M: -1.11%
• YTD: 0.69%
• 6M: 2.20%
• 1Y: 5.38%
• 3Y*: 7.06%
• 5Y*: 3.79%
• 10Y*: —

RCTIX

• 1D: -0.41%
• 1M: -1.50%
• YTD: -0.97%
• 6M: 0.18%
• 1Y: 4.55%
• 3Y*: 7.05%
• 5Y*: 4.20%
• 10Y*: 5.54%

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

AXSIX vs. RCTIX - Expense Ratio Comparison

AXSIX has a 1.00% expense ratio, which is higher than RCTIX's 0.89% expense ratio.

AXSIX

Axonic Strategic Income Fund

RCTIX

River Canyon Total Return Bond Fund

Return for Risk

AXSIX vs. RCTIX — Risk / Return Rank

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

AXSIX

AXSIX Risk / Return Rank: 97
AXSIX Sharpe Ratio Rank: 96
AXSIX Sortino Ratio Rank: 98
AXSIX Omega Ratio Rank: 97
AXSIX Calmar Ratio Rank: 98
AXSIX Martin Ratio Rank: 98

RCTIX

RCTIX Risk / Return Rank: 92
RCTIX Sharpe Ratio Rank: 92
RCTIX Sortino Ratio Rank: 93
RCTIX Omega Ratio Rank: 89
RCTIX Calmar Ratio Rank: 94
RCTIX Martin Ratio Rank: 94

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.

AXSIX vs. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) and River Canyon Total Return Bond Fund (RCTIX). 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.

	AXSIX	RCTIX	Difference
Sharpe ratio Return per unit of total volatility	2.40	1.94	+0.46
Sortino ratio Return per unit of downside risk	5.06	2.81	+2.26
Omega ratio Gain probability vs. loss probability	1.64	1.39	+0.25
Calmar ratio Return relative to maximum drawdown	4.97	3.10	+1.87
Martin ratio Return relative to average drawdown	18.44	12.23	+6.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXSIX vs. RCTIX - Sharpe Ratio Comparison

The current AXSIX Sharpe Ratio is 2.40, which is comparable to the RCTIX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of AXSIX and RCTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AXSIX	RCTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.94	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.78	1.71	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.29	-0.37

Correlation

The correlation between AXSIX and RCTIX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AXSIX vs. RCTIX - Dividend Comparison

AXSIX's dividend yield for the trailing twelve months is around 6.06%, less than RCTIX's 6.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AXSIX Axonic Strategic Income Fund	6.06%	6.39%	6.52%	6.24%	3.89%	6.70%	2.04%	0.00%	0.00%	0.00%	0.00%
RCTIX River Canyon Total Return Bond Fund	6.83%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%

Drawdowns

AXSIX vs. RCTIX - Drawdown Comparison

The maximum AXSIX drawdown since its inception was -12.55%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for AXSIX and RCTIX.

Drawdown Indicators

	AXSIX	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.55%	-10.89%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-1.50%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	-6.87%	-6.17%	-0.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.89%	—
Current Drawdown Current decline from peak	-1.11%	-1.50%	+0.39%
Average Drawdown Average peak-to-trough decline	-2.01%	-1.09%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	0.38%	-0.05%

Volatility

AXSIX vs. RCTIX - Volatility Comparison

The current volatility for Axonic Strategic Income Fund (AXSIX) is 0.50%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 0.91%. This indicates that AXSIX experiences smaller price fluctuations and is considered to be less risky than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXSIX	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	0.91%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	1.57%	1.59%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	2.31%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.15%	2.47%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	3.74%	-0.01%