GHY vs. RSF
GHY (PGIM Global High Yield Fund) and RSF (RiverNorth Capital and Income Fund) are both High Yield Bonds funds. Over the past 5 years, GHY returned 4.68%/yr vs 6.38%/yr for RSF. At a 0.20 correlation, their price movements are largely independent. GHY charges 0.03%/yr vs 6.38%/yr for RSF.
Performance
GHY vs. RSF - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a 0.84% return, which is significantly lower than RSF's 7.57% return.
GHY
- 1D
- -0.51%
- 1M
- 0.97%
- 6M
- -1.47%
- YTD
- 0.84%
- 1Y
- -3.56%
- 3Y*
- 12.89%
- 5Y*
- 4.68%
- 10Y*
- 6.95%
RSF
- 1D
- -0.07%
- 1M
- 0.41%
- 6M
- 5.66%
- YTD
- 7.57%
- 1Y
- 11.24%
- 3Y*
- 9.26%
- 5Y*
- 6.38%
- 10Y*
- —
GHY vs. RSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 0.84% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
RSF RiverNorth Capital and Income Fund | 7.57% | 4.62% | 9.26% | 9.03% | -1.62% | 27.59% | 3.10% | -12.10% | -1.41% | 5.37% |
Correlation
The correlation between GHY and RSF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.20 |
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Return for Risk
GHY vs. RSF — Risk / Return Rank
GHY
RSF
GHY vs. RSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) 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.
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.
| GHY | RSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.33 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.88 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.77 | 9.02 | -9.80 |
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Drawdowns
GHY vs. RSF - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than RSF's maximum drawdown of -30.61%. Use the drawdown chart below to compare losses from any high point for GHY and RSF.
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Drawdown Indicators
| GHY | RSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -30.61% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -3.92% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -6.15% | -10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -10.02% | -19.48% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -4.39% | -0.35% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -4.54% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 1.25% | +3.58% |
Volatility
GHY vs. RSF - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 3.30% compared to RiverNorth Capital and Income Fund (RSF) at 1.15%. This indicates that GHY'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
| GHY | RSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 1.15% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 6.98% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 8.04% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 10.44% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 11.19% | +4.15% |
GHY vs. RSF - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than RSF's 6.38% expense ratio.
Dividends
GHY vs. RSF - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.67%, less than RSF's 11.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 10.67% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
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
GHY and RSF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHY has higher volatility (3.30%) compared to RSF (1.15%). In terms of maximum drawdown, GHY dropped -41.35% vs RSF's -30.61%.
RSF currently has the higher Sharpe Ratio (1.41 vs -0.32), 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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