HDCTX vs. RFXIX

Last updated Apr 1, 2026

Compare and contrast key facts about Rational Equity Armor Fund (HDCTX) and Rational Special Situations Income Fund (RFXIX).

HDCTX is managed by Rational Funds. It was launched on Feb 28, 2001. RFXIX is managed by Rational Funds. It was launched on Jul 16, 2019.

Performance

HDCTX vs. RFXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rational Equity Armor Fund (HDCTX) and Rational Special Situations Income Fund (RFXIX). The values are adjusted to include any dividend payments, if applicable.

HDCTX vs. RFXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HDCTX Rational Equity Armor Fund	-2.29%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	6.51%
RFXIX Rational Special Situations Income Fund	1.01%	4.73%	8.95%	4.08%	-0.85%	5.30%	2.84%	1.91%

Returns By Period

In the year-to-date period, HDCTX achieves a -2.29% return, which is significantly lower than RFXIX's 1.01% return.

HDCTX

• 1D: -0.54%
• 1M: -4.07%
• YTD: -2.29%
• 6M: -2.29%
• 1Y: 12.17%
• 3Y*: 10.69%
• 5Y*: 5.11%
• 10Y*: 4.36%

RFXIX

• 1D: 0.12%
• 1M: -0.27%
• YTD: 1.01%
• 6M: 2.55%
• 1Y: 4.36%
• 3Y*: 5.84%
• 5Y*: 4.27%
• 10Y*: —

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

HDCTX vs. RFXIX - Expense Ratio Comparison

HDCTX has a 1.17% expense ratio, which is lower than RFXIX's 1.76% expense ratio.

RFXIX

Rational Special Situations Income Fund

HDCTX

Rational Equity Armor Fund

Return for Risk

HDCTX vs. RFXIX — Risk / Return Rank

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

HDCTX

HDCTX Risk / Return Rank: 59
HDCTX Sharpe Ratio Rank: 63
HDCTX Sortino Ratio Rank: 65
HDCTX Omega Ratio Rank: 55
HDCTX Calmar Ratio Rank: 70
HDCTX Martin Ratio Rank: 43

RFXIX

RFXIX Risk / Return Rank: 97
RFXIX Sharpe Ratio Rank: 97
RFXIX Sortino Ratio Rank: 97
RFXIX Omega Ratio Rank: 97
RFXIX Calmar Ratio Rank: 97
RFXIX Martin Ratio Rank: 97

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.

HDCTX vs. RFXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rational Equity Armor Fund (HDCTX) and Rational Special Situations Income Fund (RFXIX). 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.

	HDCTX	RFXIX	Difference
Sharpe ratio Return per unit of total volatility	1.14	2.77	-1.63
Sortino ratio Return per unit of downside risk	1.66	3.92	-2.26
Omega ratio Gain probability vs. loss probability	1.22	1.73	-0.51
Calmar ratio Return relative to maximum drawdown	1.63	4.22	-2.59
Martin ratio Return relative to average drawdown	4.43	15.72	-11.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDCTX vs. RFXIX - Sharpe Ratio Comparison

The current HDCTX Sharpe Ratio is 1.14, which is lower than the RFXIX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of HDCTX and RFXIX, 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

	HDCTX	RFXIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.77	-1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	2.20	-1.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.39	-1.03

Correlation

The correlation between HDCTX and RFXIX is 0.07, 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

HDCTX vs. RFXIX - Dividend Comparison

HDCTX's dividend yield for the trailing twelve months is around 0.12%, less than RFXIX's 5.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDCTX Rational Equity Armor Fund	0.12%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%
RFXIX Rational Special Situations Income Fund	5.57%	5.02%	6.69%	7.85%	6.08%	5.04%	4.99%	1.39%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HDCTX vs. RFXIX - Drawdown Comparison

The maximum HDCTX drawdown since its inception was -59.05%, which is greater than RFXIX's maximum drawdown of -12.91%. Use the drawdown chart below to compare losses from any high point for HDCTX and RFXIX.

Drawdown Indicators

	HDCTX	RFXIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-12.91%	-46.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-0.94%	-6.01%
Max Drawdown (5Y) Largest decline over 5 years	-18.22%	-4.93%	-13.29%
Max Drawdown (10Y) Largest decline over 10 years	-19.43%	—	—
Current Drawdown Current decline from peak	-6.95%	-0.27%	-6.68%
Average Drawdown Average peak-to-trough decline	-6.45%	-0.89%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	0.28%	+2.28%

Volatility

HDCTX vs. RFXIX - Volatility Comparison

Rational Equity Armor Fund (HDCTX) has a higher volatility of 1.82% compared to Rational Special Situations Income Fund (RFXIX) at 0.37%. This indicates that HDCTX's price experiences larger fluctuations and is considered to be riskier than RFXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDCTX	RFXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	0.37%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	0.88%	+5.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.05%	1.56%	+9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.49%	1.95%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	2.98%	+8.46%