Correlation
The correlation between KIFAX and RCTIX is 0.13, 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.
KIFAX vs. RCTIX
Compare and contrast key facts about Salient Select Income Fund (KIFAX) and River Canyon Total Return Bond Fund (RCTIX).
KIFAX is managed by Salient Funds. It was launched on Mar 29, 2001. RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KIFAX or RCTIX.
Performance
KIFAX vs. RCTIX - Performance Comparison
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Key characteristics
KIFAX:
0.63
RCTIX:
3.43
KIFAX:
0.91
RCTIX:
5.29
KIFAX:
1.12
RCTIX:
1.72
KIFAX:
0.43
RCTIX:
5.67
KIFAX:
1.18
RCTIX:
17.90
KIFAX:
4.82%
RCTIX:
0.47%
KIFAX:
8.98%
RCTIX:
2.45%
KIFAX:
-70.56%
RCTIX:
-10.89%
KIFAX:
-7.67%
RCTIX:
0.00%
Returns By Period
In the year-to-date period, KIFAX achieves a -2.85% return, which is significantly lower than RCTIX's 3.22% return. Over the past 10 years, KIFAX has underperformed RCTIX with an annualized return of 3.17%, while RCTIX has yielded a comparatively higher 5.56% annualized return.
KIFAX
-2.85%
0.80%
-6.59%
4.92%
2.46%
7.27%
3.17%
RCTIX
3.22%
0.82%
2.93%
8.04%
6.38%
5.80%
5.56%
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KIFAX vs. RCTIX - Expense Ratio Comparison
KIFAX has a 1.53% expense ratio, which is higher than RCTIX's 0.89% expense ratio.
Risk-Adjusted Performance
KIFAX vs. RCTIX — Risk-Adjusted Performance Rank
KIFAX
RCTIX
KIFAX vs. RCTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient Select Income Fund (KIFAX) 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.
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Dividends
KIFAX vs. RCTIX - Dividend Comparison
KIFAX's dividend yield for the trailing twelve months is around 7.28%, less than RCTIX's 7.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 7.28% | 6.88% | 6.50% | 6.23% | 4.72% | 4.62% | 5.05% | 6.01% | 9.13% | 6.40% | 12.33% | 7.69% |
RCTIX River Canyon Total Return Bond Fund | 7.80% | 7.89% | 8.51% | 5.98% | 3.02% | 5.96% | 4.97% | 3.30% | 4.89% | 3.56% | 5.74% | 0.00% |
Drawdowns
KIFAX vs. RCTIX - Drawdown Comparison
The maximum KIFAX drawdown since its inception was -70.56%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for KIFAX and RCTIX.
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Volatility
KIFAX vs. RCTIX - Volatility Comparison
Salient Select Income Fund (KIFAX) has a higher volatility of 2.39% compared to River Canyon Total Return Bond Fund (RCTIX) at 0.66%. This indicates that KIFAX's price experiences larger fluctuations and is considered to be riskier than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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