LPEFX vs. RLIIX

Last updated Jun 24, 2026

LPEFX (ALPS/Red Rocks Global Opportunity Fund) and RLIIX (RiverFront Asset Allocation Growth & Income) are both mutual funds - LPEFX is a Global Equities fund managed by ALPS, while RLIIX is a Diversified Portfolio fund managed by ALPS. Over the past 10 years, LPEFX returned 9.63%/yr vs 7.42%/yr for RLIIX. A 0.80 correlation means they provide meaningful diversification when combined. LPEFX charges 1.46%/yr vs 0.25%/yr for RLIIX.

Performance

LPEFX vs. RLIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Red Rocks Global Opportunity Fund (LPEFX) and RiverFront Asset Allocation Growth & Income (RLIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LPEFX achieves a -7.73% return, which is significantly lower than RLIIX's 7.49% return. Over the past 10 years, LPEFX has outperformed RLIIX with an annualized return of 9.63%, while RLIIX has yielded a comparatively lower 7.42% annualized return.

LPEFX

• 1D: -0.76%
• 1M: 0.57%
• YTD: -7.73%
• 6M: -8.54%
• 1Y: -5.41%
• 3Y*: 9.35%
• 5Y*: 2.02%
• 10Y*: 9.63%

RLIIX

• 1D: 0.00%
• 1M: 0.63%
• YTD: 7.49%
• 6M: 6.95%
• 1Y: 19.25%
• 3Y*: 12.49%
• 5Y*: 6.14%
• 10Y*: 7.42%

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

LPEFX vs. RLIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LPEFX ALPS/Red Rocks Global Opportunity Fund	-7.73%	1.25%	17.78%	28.31%	-28.82%	23.70%	9.35%	49.57%	-12.60%	27.02%
RLIIX RiverFront Asset Allocation Growth & Income	7.49%	13.74%	8.77%	13.37%	-14.99%	13.57%	7.10%	18.51%	-11.07%	15.00%

Correlation

The correlation between LPEFX and RLIIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.80

The correlation between LPEFX and RLIIX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

LPEFX vs. RLIIX — Risk / Return Rank

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

LPEFX

LPEFX Risk / Return Rank: 2
LPEFX Sharpe Ratio Rank: 2
LPEFX Sortino Ratio Rank: 2
LPEFX Omega Ratio Rank: 2
LPEFX Calmar Ratio Rank: 2
LPEFX Martin Ratio Rank: 2

RLIIX

RLIIX Risk / Return Rank: 70
RLIIX Sharpe Ratio Rank: 69
RLIIX Sortino Ratio Rank: 67
RLIIX Omega Ratio Rank: 66
RLIIX Calmar Ratio Rank: 72
RLIIX Martin Ratio Rank: 77

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.

LPEFX vs. RLIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) and RiverFront Asset Allocation Growth & Income (RLIIX). 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.

	LPEFX	RLIIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	2.23	-2.49
Sortino ratio: Return per unit of downside risk	-0.23	3.12	-3.35
Omega ratio: Gain probability vs. loss probability	0.97	1.41	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.21	3.13	-3.34
Martin ratio: Return relative to average drawdown	-0.49	13.47	-13.96

LPEFX vs. RLIIX - Sharpe Ratio Comparison

The current LPEFX Sharpe Ratio is -0.26, which is lower than the RLIIX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of LPEFX and RLIIX, 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

LPEFX vs. RLIIX - Drawdown Comparison

The maximum LPEFX drawdown since its inception was -77.00%, which is greater than RLIIX's maximum drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for LPEFX and RLIIX.

Drawdown Indicators

	LPEFX	RLIIX	Difference
Max Drawdown Largest peak-to-trough decline	-77.00%	-27.35%	-49.65%
Max Drawdown (1Y) Largest decline over 1 year	-22.00%	-6.43%	-15.57%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-12.90%	-9.10%
Max Drawdown (5Y) Largest decline over 5 years	-49.19%	-21.19%	-28.00%
Max Drawdown (10Y) Largest decline over 10 years	-49.19%	-27.35%	-21.84%
Current Drawdown Current decline from peak	-19.37%	-0.69%	-18.68%
Average Drawdown Average peak-to-trough decline	-22.75%	-4.59%	-18.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.65%	1.49%	+8.16%

Volatility

LPEFX vs. RLIIX - Volatility Comparison

ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a higher volatility of 6.02% compared to RiverFront Asset Allocation Growth & Income (RLIIX) at 3.33%. This indicates that LPEFX's price experiences larger fluctuations and is considered to be riskier than RLIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LPEFX	RLIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	3.33%	+2.69%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	7.21%	+7.71%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	9.01%	+9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	10.84%	+13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.88%	12.04%	+10.84%

LPEFX vs. RLIIX - Expense Ratio Comparison

LPEFX has a 1.46% expense ratio, which is higher than RLIIX's 0.25% expense ratio.

Dividends

LPEFX vs. RLIIX - Dividend Comparison

LPEFX's dividend yield for the trailing twelve months is around 16.66%, more than RLIIX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LPEFX ALPS/Red Rocks Global Opportunity Fund	16.66%	15.38%	15.95%	5.56%	0.00%	26.79%	3.96%	21.96%	4.58%	13.29%	1.55%	8.21%
RLIIX RiverFront Asset Allocation Growth & Income	5.79%	6.23%	1.29%	2.29%	6.66%	1.40%	1.42%	2.07%	18.88%	1.37%	1.66%	3.72%

Frequently Asked Questions

Can I hold both LPEFX and RLIIX in my portfolio?

LPEFX and RLIIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LPEFX or RLIIX?

LPEFX has higher volatility (6.02%) compared to RLIIX (3.33%). In terms of maximum drawdown, LPEFX dropped -77.00% vs RLIIX's -27.35%.

Which has better risk-adjusted returns?

RLIIX currently has the higher Sharpe Ratio (2.23 vs -0.26), 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.