BWDTX vs. RCTIX

Last updated Jun 3, 2026

BWDTX (Boyd Watterson Limited Duration Enhanced Income Fund) and RCTIX (River Canyon Total Return Bond Fund) are both mutual funds - BWDTX is a Multisector Bonds fund managed by Boyd Watterson, while RCTIX is a Short-Term Bond fund managed by River Canyon. Over the past 5 years, BWDTX returned 4.23%/yr vs 4.36%/yr for RCTIX. At a 0.40 correlation, their price movements are largely independent. BWDTX charges 0.40%/yr vs 0.89%/yr for RCTIX.

Performance

BWDTX vs. RCTIX - Performance Comparison

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

Returns By Period

In the year-to-date period, BWDTX achieves a 1.58% return, which is significantly higher than RCTIX's 0.71% return.

BWDTX

• 1D: 0.00%
• 1M: 0.40%
• YTD: 1.58%
• 6M: 2.18%
• 1Y: 6.14%
• 3Y*: 6.54%
• 5Y*: 4.23%
• 10Y*: —

RCTIX

• 1D: 0.00%
• 1M: -0.01%
• YTD: 0.71%
• 6M: 1.46%
• 1Y: 5.24%
• 3Y*: 7.47%
• 5Y*: 4.36%
• 10Y*: 5.54%

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

BWDTX vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund	1.58%	7.14%	4.92%	9.80%	-3.16%	2.32%	4.66%	7.94%	-0.51%	4.08%
RCTIX River Canyon Total Return Bond Fund	0.71%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	11.71%	1.82%	9.76%

Correlation

The correlation between BWDTX and RCTIX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 3, 2016	0.40

The correlation between BWDTX and RCTIX shifts across timeframes, from 0.40 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BWDTX vs. RCTIX — Risk / Return Rank

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

BWDTX

BWDTX Risk / Return Rank: 98
BWDTX Sharpe Ratio Rank: 99
BWDTX Sortino Ratio Rank: 99
BWDTX Omega Ratio Rank: 98
BWDTX Calmar Ratio Rank: 96
BWDTX Martin Ratio Rank: 98

RCTIX

RCTIX Risk / Return Rank: 73
RCTIX Sharpe Ratio Rank: 59
RCTIX Sortino Ratio Rank: 67
RCTIX Omega Ratio Rank: 69
RCTIX Calmar Ratio Rank: 90
RCTIX Martin Ratio Rank: 82

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.

BWDTX vs. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) 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.

	BWDTX	RCTIX	Difference
Sharpe ratio Return per unit of total volatility	4.78	2.27	+2.50
Sortino ratio Return per unit of downside risk	8.11	3.42	+4.69
Omega ratio Gain probability vs. loss probability	2.42	1.46	+0.95
Calmar ratio Return relative to maximum drawdown	6.17	4.63	+1.54
Martin ratio Return relative to average drawdown	31.25	15.50	+15.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWDTX vs. RCTIX - Sharpe Ratio Comparison

The current BWDTX Sharpe Ratio is 4.78, which is higher than the RCTIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of BWDTX and RCTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BWDTX	RCTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.78	2.27	+2.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.92	1.76	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	1.31	+0.49

Drawdowns

BWDTX vs. RCTIX - Drawdown Comparison

The maximum BWDTX drawdown since its inception was -10.06%, smaller than the maximum RCTIX drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for BWDTX and RCTIX.

Drawdown Indicators

	BWDTX	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-10.89%	+0.83%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-1.20%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-2.21%	-1.48%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-6.35%	-6.17%	-0.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.89%	—
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.68%	-1.08%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	0.36%	-0.16%

Volatility

BWDTX vs. RCTIX - Volatility Comparison

The current volatility for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) is 0.43%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 0.84%. This indicates that BWDTX 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

	BWDTX	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	0.84%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	1.03%	1.76%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	2.28%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.21%	2.49%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.21%	3.74%	-1.53%

BWDTX vs. RCTIX - Expense Ratio Comparison

BWDTX has a 0.40% expense ratio, which is lower than RCTIX's 0.89% expense ratio.

Dividends

BWDTX vs. RCTIX - Dividend Comparison

BWDTX's dividend yield for the trailing twelve months is around 5.65%, less than RCTIX's 7.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund	5.65%	5.70%	4.13%	5.51%	3.80%	3.20%	3.18%	3.47%	4.18%	2.90%	1.35%
RCTIX River Canyon Total Return Bond Fund	7.27%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%

Frequently Asked Questions

Can I hold both BWDTX and RCTIX in my portfolio?

BWDTX and RCTIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWDTX or RCTIX?

RCTIX has higher volatility (0.84%) compared to BWDTX (0.43%). In terms of maximum drawdown, BWDTX dropped -10.06% vs RCTIX's -10.89%.

Which has better risk-adjusted returns?

BWDTX currently has the higher Sharpe Ratio (4.78 vs 2.27), 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.