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PHK vs. RCTIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PHK vs. RCTIX

Last updated Jun 24, 2026

PHK (PIMCO High Income Fund) is a stock, while RCTIX (River Canyon Total Return Bond Fund) is Short-Term Bond fund managed by River Canyon. Over the past 10 years, PHK returned 3.79%/yr vs 5.59%/yr for RCTIX. At a 0.11 correlation, their price movements are largely independent.

Performance

PHK vs. RCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO High Income Fund (PHK) and River Canyon Total Return Bond Fund (RCTIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PHK achieves a -0.49% return, which is significantly lower than RCTIX's 0.81% return. Over the past 10 years, PHK has underperformed RCTIX with an annualized return of 3.79%, while RCTIX has yielded a comparatively higher 5.59% annualized return.

PHK

1D
0.44%
1M
1.64%
YTD
-0.49%
6M
-0.08%
1Y
7.99%
3Y*
9.75%
5Y*
3.20%
10Y*
3.79%

RCTIX

1D
-0.10%
1M
0.60%
YTD
0.81%
6M
0.96%
1Y
4.41%
3Y*
7.39%
5Y*
4.44%
10Y*
5.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PHK vs. RCTIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PHK
PIMCO High Income Fund		-0.49%12.63%9.46%18.84%-14.41%10.97%-10.10%3.44%20.86%-8.66%
RCTIX
River Canyon Total Return Bond Fund		0.81%7.75%7.49%10.02%-4.07%4.26%6.42%11.71%1.82%9.76%

Correlation

The correlation between PHK and RCTIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2015

0.11

Compare stocks, funds, or ETFs

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PIMCO High Income Fund

River Canyon Total Return Bond Fund

Often compared with PHK:
PHK vs. PDIPHK vs. PFNPHK vs. PDOPHK vs. PPFIXPHK vs. BTZPHK vs. DSLPHK vs. SCHD
Often compared with RCTIX:
RCTIX vs. ICMUXRCTIX vs. BWDTXRCTIX vs. EARRXRCTIX vs. CPITXRCTIX vs. CVTRXRCTIX vs. HABDXRCTIX vs. EIFAX

Return for Risk

PHK vs. RCTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PHK
PHK Risk / Return Rank: 6262
Overall Rank
PHK Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
PHK Sortino Ratio Rank: 5757
Sortino Ratio Rank
PHK Omega Ratio Rank: 6161
Omega Ratio Rank
PHK Calmar Ratio Rank: 6161
Calmar Ratio Rank
PHK Martin Ratio Rank: 6767
Martin Ratio Rank
RCTIX
RCTIX Risk / Return Rank: 6767
Overall Rank
RCTIX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
RCTIX Sortino Ratio Rank: 6060
Sortino Ratio Rank
RCTIX Omega Ratio Rank: 6464
Omega Ratio Rank
RCTIX Calmar Ratio Rank: 8686
Calmar Ratio Rank
RCTIX Martin Ratio Rank: 7171
Martin Ratio Rank
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.

PHK vs. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO High Income Fund (PHK) 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.

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.

PHKRCTIXDifference
Sharpe ratioReturn per unit of total volatility
0.72
2.01

-1.29

Sortino ratioReturn per unit of downside risk
1.06
2.98

-1.93

Omega ratioGain probability vs. loss probability

1.16

1.40

-0.24

Calmar ratioReturn relative to maximum drawdown

0.87

3.87

-2.99

Martin ratioReturn relative to average drawdown

2.87

12.78

-9.91

PHK vs. RCTIX - Sharpe Ratio Comparison

The current PHK Sharpe Ratio is 0.72, which is lower than the RCTIX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of PHK and RCTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PHK vs. RCTIX - Drawdown Comparison

The maximum PHK drawdown since its inception was -75.29%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for PHK and RCTIX.

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Drawdown Indicators

PHKRCTIXDifference

Max Drawdown

Largest peak-to-trough decline

-75.29%

-10.89%

-64.40%

Max Drawdown (1Y)

Largest decline over 1 year

-9.22%

-1.20%

-8.02%

Max Drawdown (3Y)

Largest decline over 3 years

-16.41%

-1.48%

-14.93%

Max Drawdown (5Y)

Largest decline over 5 years

-26.76%

-6.17%

-20.59%

Max Drawdown (10Y)

Largest decline over 10 years

-51.30%

-10.89%

-40.41%

Current Drawdown

Current decline from peak

-3.99%

-0.30%

-3.69%

Average Drawdown

Average peak-to-trough decline

-9.77%

-1.08%

-8.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

0.36%

+2.43%

Volatility

PHK vs. RCTIX - Volatility Comparison

PIMCO High Income Fund (PHK) has a higher volatility of 2.65% compared to River Canyon Total Return Bond Fund (RCTIX) at 0.74%. This indicates that PHK'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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Volatility by Period

PHKRCTIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

0.74%

+1.91%

Volatility (6M)

Calculated over the trailing 6-month period

9.90%

1.85%

+8.05%

Volatility (1Y)

Calculated over the trailing 1-year period

11.14%

2.32%

+8.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.36%

2.50%

+11.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.54%

3.74%

+16.80%

Dividends

PHK vs. RCTIX - Dividend Comparison

PHK's dividend yield for the trailing twelve months is around 12.66%, more than RCTIX's 7.26% yield.

PositionTTM20252024202320222021202020192018201720162015
PHK
PIMCO High Income Fund		12.66%11.85%11.85%11.54%12.18%9.37%10.62%10.57%12.09%13.29%13.54%16.98%
RCTIX
River Canyon Total Return Bond Fund		7.26%7.31%7.89%8.50%5.98%3.02%5.97%4.97%3.30%4.89%2.16%0.00%

Frequently Asked Questions

PHK and RCTIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PHK has higher volatility (2.65%) compared to RCTIX (0.74%). In terms of maximum drawdown, PHK dropped -75.29% vs RCTIX's -10.89%.

RCTIX currently has the higher Sharpe Ratio (2.01 vs 0.72), 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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