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DHF vs. RSF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DHF vs. RSF

Last updated Jun 4, 2026

DHF (Dimensional High Yield Fund) and RSF (RiverNorth Capital and Income Fund) are both High Yield Bonds funds. Over the past 5 years, DHF returned 2.85%/yr vs 6.80%/yr for RSF. At a 0.17 correlation, their price movements are largely independent. DHF charges 0.04%/yr vs 6.38%/yr for RSF.

Performance

DHF vs. RSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional High Yield Fund (DHF) and RiverNorth Capital and Income Fund (RSF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DHF achieves a 0.86% return, which is significantly lower than RSF's 6.49% return.

DHF

1D
-0.41%
1M
1.14%
YTD
0.86%
6M
-0.53%
1Y
4.84%
3Y*
12.71%
5Y*
2.85%
10Y*
5.97%

RSF

1D
-0.07%
1M
1.12%
YTD
6.49%
6M
6.23%
1Y
11.00%
3Y*
10.10%
5Y*
6.80%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DHF vs. RSF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DHF
Dimensional High Yield Fund		0.86%5.67%21.12%15.00%-22.70%10.35%6.46%24.68%-11.11%8.43%
RSF
RiverNorth Capital and Income Fund		6.49%4.62%9.26%9.03%-1.62%27.59%3.10%-12.10%-1.41%5.37%

Correlation

The correlation between DHF and RSF is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2016

0.17

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Dimensional High Yield Fund

RiverNorth Capital and Income Fund

Often compared with DHF:
DHF vs. DMBDHF vs. DMADHF vs. HIODHF vs. DFPDHF vs. DMODHF vs. EHIDHF vs. DSM
Often compared with RSF:
RSF vs. EHIRSF vs. HIORSF vs. RIVRSF vs. JFRRSF vs. ISDRSF vs. HYIRSF vs. RFM

Return for Risk

DHF vs. RSF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DHF
DHF Risk / Return Rank: 66
Overall Rank
DHF Sharpe Ratio Rank: 55
Sharpe Ratio Rank
DHF Sortino Ratio Rank: 66
Sortino Ratio Rank
DHF Omega Ratio Rank: 55
Omega Ratio Rank
DHF Calmar Ratio Rank: 66
Calmar Ratio Rank
DHF Martin Ratio Rank: 66
Martin Ratio Rank
RSF
RSF Risk / Return Rank: 3535
Overall Rank
RSF Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
RSF Sortino Ratio Rank: 2525
Sortino Ratio Rank
RSF Omega Ratio Rank: 3434
Omega Ratio Rank
RSF Calmar Ratio Rank: 5454
Calmar Ratio Rank
RSF Martin Ratio Rank: 4141
Martin Ratio Rank
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.

DHF vs. RSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Fund (DHF) and RiverNorth Capital and Income Fund (RSF). 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.

DHFRSFDifference
Sharpe ratioReturn per unit of total volatility
0.41
1.35

-0.95

Sortino ratioReturn per unit of downside risk
0.71
2.09

-1.39

Omega ratioGain probability vs. loss probability

1.08

1.31

-0.23

Calmar ratioReturn relative to maximum drawdown

0.56

2.82

-2.26

Martin ratioReturn relative to average drawdown

1.60

8.77

-7.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DHF vs. RSF - Sharpe Ratio Comparison

The current DHF Sharpe Ratio is 0.41, which is lower than the RSF Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of DHF and RSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DHFRSFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.41

1.35

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.18

0.65

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.14

0.45

-0.30

Drawdowns

DHF vs. RSF - Drawdown Comparison

The maximum DHF drawdown since its inception was -71.32%, which is greater than RSF's maximum drawdown of -30.61%. Use the drawdown chart below to compare losses from any high point for DHF and RSF.

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Drawdown Indicators

DHFRSFDifference

Max Drawdown

Largest peak-to-trough decline

-71.32%

-30.61%

-40.71%

Max Drawdown (1Y)

Largest decline over 1 year

-8.66%

-3.92%

-4.74%

Max Drawdown (3Y)

Largest decline over 3 years

-11.81%

-6.15%

-5.66%

Max Drawdown (5Y)

Largest decline over 5 years

-37.82%

-10.02%

-27.80%

Max Drawdown (10Y)

Largest decline over 10 years

-42.94%

—

—

Current Drawdown

Current decline from peak

-3.35%

-1.35%

-2.00%

Average Drawdown

Average peak-to-trough decline

-23.03%

-4.58%

-18.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

1.26%

+1.78%

Volatility

DHF vs. RSF - Volatility Comparison

Dimensional High Yield Fund (DHF) has a higher volatility of 3.21% compared to RiverNorth Capital and Income Fund (RSF) at 1.22%. This indicates that DHF's price experiences larger fluctuations and is considered to be riskier than RSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DHFRSFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

1.22%

+1.99%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

7.25%

+2.43%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

8.19%

+3.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.76%

10.51%

+5.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.78%

11.25%

+6.53%

DHF vs. RSF - Expense Ratio Comparison

DHF has a 0.04% expense ratio, which is lower than RSF's 6.38% expense ratio.

Dividends

DHF vs. RSF - Dividend Comparison

DHF's dividend yield for the trailing twelve months is around 8.64%, less than RSF's 11.21% yield.

PositionTTM20252024202320222021202020192018201720162015
DHF
Dimensional High Yield Fund		8.64%8.47%8.14%7.86%10.12%8.24%8.60%8.52%10.41%8.98%9.76%11.30%
RSF
RiverNorth Capital and Income Fund		11.21%11.30%10.87%10.85%11.78%9.52%11.76%6.92%8.21%9.22%1.41%0.00%

Frequently Asked Questions

DHF and RSF have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DHF has higher volatility (3.21%) compared to RSF (1.22%). In terms of maximum drawdown, DHF dropped -71.32% vs RSF's -30.61%.

RSF currently has the higher Sharpe Ratio (1.35 vs 0.41), 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.

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