IYLD vs. RIGS
IYLD (iShares Morningstar Multi-Asset Income ETF) and RIGS (RiverFront Strategic Income Fund) are both exchange-traded funds - IYLD is a Diversified Portfolio fund tracking the Morningstar Multi-Asset High Income Index, while RIGS is a High Yield Bonds fund actively managed by SS&C. IYLD is passively managed, while RIGS is actively managed. Over the past 10 years, IYLD returned 3.84%/yr vs 2.86%/yr for RIGS. Their 0.39 correlation means their historical movements had little consistent relationship. IYLD charges 0.60%/yr vs 0.48%/yr for RIGS.
Performance
IYLD vs. RIGS - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 5.72% return, which is significantly higher than RIGS's 0.19% return. Over the past 10 years, IYLD has outperformed RIGS with an annualized return of 3.84%, while RIGS has yielded a comparatively lower 2.86% annualized return.
IYLD
- 1D
- -0.18%
- 1M
- 0.34%
- 6M
- 2.24%
- YTD
- 5.72%
- 1Y
- 13.16%
- 3Y*
- 9.75%
- 5Y*
- 3.22%
- 10Y*
- 3.84%
- ALL TIME*
- 4.33%
RIGS
- 1D
- -0.43%
- 1M
- -0.80%
- 6M
- -0.37%
- YTD
- 0.19%
- 1Y
- 1.36%
- 3Y*
- 4.51%
- 5Y*
- 1.86%
- 10Y*
- 2.86%
- ALL TIME*
- 3.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $181.04K | $278.59K | $373.50K | |
| $207.82K | $182.23K | $172.39K |
IYLD vs. RIGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 5.72% | 15.44% | 2.00% | 12.55% | -16.80% | 3.37% | -1.18% | 15.82% | -4.77% | 10.90% |
RIGS RiverFront Strategic Income Fund | 0.19% | 4.63% | 4.45% | 6.07% | -5.72% | 1.93% | 3.58% | 7.60% | -0.11% | 4.48% |
Correlation
The correlation between IYLD and RIGS is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2013 | 0.39 |
Over the past year, the correlation between IYLD and RIGS has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
IYLD vs. RIGS — Risk / Return Rank
IYLD
RIGS
IYLD vs. RIGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and RiverFront Strategic Income Fund (RIGS). 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.
| IYLD | RIGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.06 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 0.52 | +2.34 |
| Martin ratioReturn relative to average drawdown | 11.17 | 1.16 | +10.01 |
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Drawdowns
IYLD vs. RIGS - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, which is greater than RIGS's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for IYLD and RIGS.
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Drawdown Indicators
| IYLD | RIGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -15.31% | -14.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -4.55% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -5.18% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | -9.03% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | -15.31% | -14.92% |
Current DrawdownCurrent decline from peak | -0.18% | -2.24% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -1.60% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.02% | -0.84% |
Volatility
IYLD vs. RIGS - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.40%, while RiverFront Strategic Income Fund (RIGS) has a volatility of 4.05%. This indicates that IYLD experiences smaller price fluctuations and is considered to be less risky than RIGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYLD | RIGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 4.05% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 6.53% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 10.31% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 7.87% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.54% | 7.90% | +1.64% |
IYLD vs. RIGS - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is higher than RIGS's 0.48% expense ratio.
Dividends
IYLD vs. RIGS - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.61%, less than RIGS's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.61% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
RIGS RiverFront Strategic Income Fund | 4.90% | 4.84% | 4.49% | 3.48% | 2.71% | 2.47% | 3.77% | 3.87% | 4.54% | 4.45% | 4.46% | 3.61% |
Frequently Asked Questions
IYLD and RIGS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIGS has higher volatility (4.05%) compared to IYLD (1.40%). In terms of maximum drawdown, IYLD dropped -30.23% vs RIGS's -15.31%.
On 10-year performance, IYLD leads with 3.84% vs 2.86% for RIGS. On fees, RIGS is cheaper at 0.48% per year. On volatility, IYLD has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYLD has performed better with a 3.84% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RIGS is cheaper with a 0.48% expense ratio, compared with 0.60% for IYLD.
RIGS has the higher dividend yield at 4.90%, compared with 4.61% for IYLD.
IYLD is categorized as Diversified Portfolio, while RIGS is High Yield Bonds. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.60% for IYLD and 0.48% for RIGS.
IYLD currently has the higher Sharpe Ratio (2.28 vs 0.23), 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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