PHK vs. RCTIX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO High Income Fund (PHK) and River Canyon Total Return Bond Fund (RCTIX).

RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.

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.

PHK vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHK PIMCO High Income Fund	-1.88%	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	-0.97%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	11.71%	1.82%	9.76%

Returns By Period

In the year-to-date period, PHK achieves a -1.88% return, which is significantly lower than RCTIX's -0.97% return. Over the past 10 years, PHK has underperformed RCTIX with an annualized return of 4.73%, while RCTIX has yielded a comparatively higher 5.54% annualized return.

PHK

• 1D: 4.28%
• 1M: -4.36%
• YTD: -1.88%
• 6M: -1.57%
• 1Y: 6.65%
• 3Y*: 11.48%
• 5Y*: 3.58%
• 10Y*: 4.73%

RCTIX

• 1D: -0.41%
• 1M: -1.50%
• YTD: -0.97%
• 6M: 0.18%
• 1Y: 4.55%
• 3Y*: 7.05%
• 5Y*: 4.20%
• 10Y*: 5.54%

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

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: 59
PHK Sharpe Ratio Rank: 60
PHK Sortino Ratio Rank: 49
PHK Omega Ratio Rank: 56
PHK Calmar Ratio Rank: 60
PHK Martin Ratio Rank: 69

RCTIX

RCTIX Risk / Return Rank: 92
RCTIX Sharpe Ratio Rank: 92
RCTIX Sortino Ratio Rank: 93
RCTIX Omega Ratio Rank: 89
RCTIX Calmar Ratio Rank: 94
RCTIX Martin Ratio Rank: 94

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.

	PHK	RCTIX	Difference
Sharpe ratio Return per unit of total volatility	0.50	1.94	-1.45
Sortino ratio Return per unit of downside risk	0.73	2.81	-2.08
Omega ratio Gain probability vs. loss probability	1.13	1.39	-0.26
Calmar ratio Return relative to maximum drawdown	0.75	3.10	-2.34
Martin ratio Return relative to average drawdown	3.01	12.23	-9.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHK vs. RCTIX - Sharpe Ratio Comparison

The current PHK Sharpe Ratio is 0.50, which is lower than the RCTIX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of PHK and RCTIX, 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

	PHK	RCTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.94	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	1.71	-1.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	1.49	-1.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.29	-1.02

Correlation

The correlation between PHK and RCTIX is 0.10, 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

PHK vs. RCTIX - Dividend Comparison

PHK's dividend yield for the trailing twelve months is around 12.44%, more than RCTIX's 6.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHK PIMCO High Income Fund	12.44%	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	6.83%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%	0.00%

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.

Drawdown Indicators

	PHK	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-75.29%	-10.89%	-64.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-1.50%	-7.72%
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	-5.33%	-1.50%	-3.83%
Average Drawdown Average peak-to-trough decline	-9.83%	-1.09%	-8.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	0.38%	+1.97%

Volatility

PHK vs. RCTIX - Volatility Comparison

PIMCO High Income Fund (PHK) has a higher volatility of 8.01% compared to River Canyon Total Return Bond Fund (RCTIX) at 0.91%. 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.

Volatility by Period

	PHK	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.01%	0.91%	+7.10%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	1.59%	+7.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.43%	2.31%	+11.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	2.47%	+12.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	3.74%	+16.90%