FCFAX vs. RCTIX

Last updated Aug 1, 2026

FCFAX (Frost Credit Fund) and RCTIX (River Canyon Total Return Bond Fund) are both Short-Term Bond funds. Over the past 10 years, FCFAX returned 4.66%/yr vs 5.53%/yr for RCTIX. Their 0.44 correlation means their historical movements had little consistent relationship. FCFAX charges 0.96%/yr vs 0.89%/yr for RCTIX.

Performance

FCFAX vs. RCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frost Credit Fund (FCFAX) 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, FCFAX achieves a 1.05% return, which is significantly lower than RCTIX's 1.55% return. Over the past 10 years, FCFAX has underperformed RCTIX with an annualized return of 4.66%, while RCTIX has yielded a comparatively higher 5.53% annualized return.

FCFAX

• 1D: 0.01%
• 1M: -0.65%
• 6M: 0.37%
• YTD: 1.05%
• 1Y: 2.87%
• 3Y*: 6.45%
• 5Y*: 3.50%
• 10Y*: 4.66%
• ALL TIME*: 4.35%

RCTIX

• 1D: 0.12%
• 1M: 0.22%
• 6M: 1.97%
• YTD: 1.55%
• 1Y: 3.86%
• 3Y*: 7.18%
• 5Y*: 4.56%
• 10Y*: 5.53%
• ALL TIME*: 4.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCFAX Frost Credit Fund	$0.00	$0.00	$0.00
RCTIX River Canyon Total Return Bond Fund	$0.00	$0.00	$0.00

FCFAX vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCFAX Frost Credit Fund	1.05%	5.21%	8.01%	11.23%	-7.83%	5.07%	6.22%	6.95%	0.89%	7.95%
RCTIX River Canyon Total Return Bond Fund	1.55%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	11.71%	1.82%	9.76%

Correlation

The correlation between FCFAX and RCTIX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.50
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.44

Over the past year, FCFAX and RCTIX have become more correlated (0.76) than their long-term average of 0.44, meaning their price movements have been converging.

Return for Risk

FCFAX vs. RCTIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCFAX

FCFAX Risk / Return Rank: 54
FCFAX Sharpe Ratio Rank: 57
FCFAX Sortino Ratio Rank: 62
FCFAX Omega Ratio Rank: 61
FCFAX Calmar Ratio Rank: 47
FCFAX Martin Ratio Rank: 44

RCTIX

RCTIX Risk / Return Rank: 85
RCTIX Sharpe Ratio Rank: 81
RCTIX Sortino Ratio Rank: 81
RCTIX Omega Ratio Rank: 82
RCTIX Calmar Ratio Rank: 93
RCTIX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCFAX vs. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frost Credit Fund (FCFAX) 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.

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.

	FCFAX	RCTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.89	-0.47
Sortino ratio: Return per unit of downside risk	2.13	2.79	-0.66
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	1.77	3.67	-1.90
Martin ratio: Return relative to average drawdown	6.26	12.03	-5.77

FCFAX vs. RCTIX - Sharpe Ratio Comparison

The current FCFAX Sharpe Ratio is 1.42, which is comparable to the RCTIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FCFAX 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.

Drawdowns

FCFAX vs. RCTIX - Drawdown Comparison

The maximum FCFAX drawdown since its inception was -16.33%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for FCFAX and RCTIX.

Drawdown Indicators

	FCFAX	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.33%	-10.89%	-5.44%
Max Drawdown (1Y) Largest decline over 1 year	-1.82%	-1.20%	-0.62%
Max Drawdown (3Y) Largest decline over 3 years	-2.82%	-1.48%	-1.34%
Max Drawdown (5Y) Largest decline over 5 years	-10.49%	-6.17%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	-16.33%	-10.89%	-5.44%
Current Drawdown Current decline from peak	-0.86%	0.00%	-0.86%
Average Drawdown Average peak-to-trough decline	-1.51%	-1.07%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.37%	+0.14%

Volatility

FCFAX vs. RCTIX - Volatility Comparison

Frost Credit Fund (FCFAX) and River Canyon Total Return Bond Fund (RCTIX) have volatilities of 0.66% and 0.66%, 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

	FCFAX	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	0.66%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	1.81%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	2.27%	2.34%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	2.50%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.20%	3.74%	-0.54%

FCFAX vs. RCTIX - Expense Ratio Comparison

FCFAX has a 0.96% expense ratio, which is higher than RCTIX's 0.89% expense ratio.

Dividends

FCFAX vs. RCTIX - Dividend Comparison

FCFAX's dividend yield for the trailing twelve months is around 6.35%, less than RCTIX's 7.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCFAX Frost Credit Fund	6.35%	6.10%	5.76%	5.93%	5.00%	3.65%	3.69%	4.62%	5.05%	5.85%	4.84%	4.95%
RCTIX River Canyon Total Return Bond Fund	7.36%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%	0.00%

Frequently Asked Questions

Can I hold both FCFAX and RCTIX in my portfolio?

FCFAX and RCTIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCFAX or RCTIX?

RCTIX has higher volatility (0.66%) compared to FCFAX (0.66%). In terms of maximum drawdown, FCFAX dropped -16.33% vs RCTIX's -10.89%.

Which has better risk-adjusted returns?

RCTIX currently has the higher Sharpe Ratio (1.89 vs 1.42), 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.