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PSHNX vs. RSIIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSHNX vs. RSIIX

Last updated Jun 23, 2026

PSHNX (Penn Capital Short Duration High Income Fund) and RSIIX (RiverPark Strategic Income Fund) are both High Yield Bonds funds. Over the past 5 years, PSHNX returned 4.86%/yr vs 5.09%/yr for RSIIX. At a 0.40 correlation, their price movements are largely independent. PSHNX charges 1.01%/yr vs 1.18%/yr for RSIIX.

Performance

PSHNX vs. RSIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penn Capital Short Duration High Income Fund (PSHNX) and RiverPark Strategic Income Fund (RSIIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PSHNX achieves a 1.84% return, which is significantly higher than RSIIX's 1.69% return.

PSHNX

1D
0.00%
1M
0.68%
YTD
1.84%
6M
2.05%
1Y
6.11%
3Y*
7.24%
5Y*
4.86%
10Y*
—

RSIIX

1D
0.00%
1M
0.29%
YTD
1.69%
6M
1.62%
1Y
5.46%
3Y*
7.06%
5Y*
5.09%
10Y*
5.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSHNX vs. RSIIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSHNX
Penn Capital Short Duration High Income Fund		1.84%7.72%7.19%8.72%-2.26%3.43%0.88%7.40%0.61%0.65%
RSIIX
RiverPark Strategic Income Fund		1.69%6.04%8.44%9.59%-3.31%11.60%3.42%3.50%1.36%1.16%

Correlation

The correlation between PSHNX and RSIIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.42

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

0.42

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2017

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Penn Capital Short Duration High Income Fund

RiverPark Strategic Income Fund

Often compared with PSHNX:
PSHNX vs. PSCNXPSHNX vs. FGUMXPSHNX vs. CRDOXPSHNX vs. FQTIXPSHNX vs. RPHIXPSHNX vs. FAGIXPSHNX vs. CWFIX
Often compared with RSIIX:
RSIIX vs. CBLDXRSIIX vs. PRWCXRSIIX vs. RCTIXRSIIX vs. QQQRSIIX vs. PMFYXRSIIX vs. RPHIXRSIIX vs. OSTIX

Return for Risk

PSHNX vs. RSIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSHNX
PSHNX Risk / Return Rank: 9797
Overall Rank
PSHNX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
PSHNX Sortino Ratio Rank: 9797
Sortino Ratio Rank
PSHNX Omega Ratio Rank: 9696
Omega Ratio Rank
PSHNX Calmar Ratio Rank: 9595
Calmar Ratio Rank
PSHNX Martin Ratio Rank: 9898
Martin Ratio Rank
RSIIX
RSIIX Risk / Return Rank: 6868
Overall Rank
RSIIX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
RSIIX Sortino Ratio Rank: 3838
Sortino Ratio Rank
RSIIX Omega Ratio Rank: 8787
Omega Ratio Rank
RSIIX Calmar Ratio Rank: 7272
Calmar Ratio Rank
RSIIX Martin Ratio Rank: 9696
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.

PSHNX vs. RSIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Penn Capital Short Duration High Income Fund (PSHNX) and RiverPark Strategic Income Fund (RSIIX). 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.

PSHNXRSIIXDifference
Sharpe ratioReturn per unit of total volatility
3.31
1.82

+1.49

Sortino ratioReturn per unit of downside risk
5.39
2.39

+3.00

Omega ratioGain probability vs. loss probability

1.79

1.57

+0.22

Calmar ratioReturn relative to maximum drawdown

5.46

3.13

+2.32

Martin ratioReturn relative to average drawdown

27.70

21.13

+6.57

PSHNX vs. RSIIX - Sharpe Ratio Comparison

The current PSHNX Sharpe Ratio is 3.31, which is higher than the RSIIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PSHNX and RSIIX, 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

PSHNX vs. RSIIX - Drawdown Comparison

The maximum PSHNX drawdown since its inception was -14.53%, smaller than the maximum RSIIX drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for PSHNX and RSIIX.

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Drawdown Indicators

PSHNXRSIIXDifference

Max Drawdown

Largest peak-to-trough decline

-14.53%

-15.55%

+1.02%

Max Drawdown (1Y)

Largest decline over 1 year

-1.14%

-1.79%

+0.65%

Max Drawdown (3Y)

Largest decline over 3 years

-2.83%

-1.79%

-1.04%

Max Drawdown (5Y)

Largest decline over 5 years

-6.02%

-5.61%

-0.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.55%

—

Current Drawdown

Current decline from peak

0.00%

-0.24%

+0.24%

Average Drawdown

Average peak-to-trough decline

-0.88%

-1.16%

+0.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.23%

0.26%

-0.03%

Volatility

PSHNX vs. RSIIX - Volatility Comparison

Penn Capital Short Duration High Income Fund (PSHNX) and RiverPark Strategic Income Fund (RSIIX) have volatilities of 0.51% and 0.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSHNXRSIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.51%

0.52%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

1.48%

2.84%

-1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

1.89%

3.08%

-1.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.65%

2.52%

+0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.15%

2.88%

+0.27%

PSHNX vs. RSIIX - Expense Ratio Comparison

PSHNX has a 1.01% expense ratio, which is lower than RSIIX's 1.18% expense ratio.

Dividends

PSHNX vs. RSIIX - Dividend Comparison

PSHNX's dividend yield for the trailing twelve months is around 6.06%, less than RSIIX's 7.42% yield.

PositionTTM20252024202320222021202020192018201720162015
PSHNX
Penn Capital Short Duration High Income Fund		6.06%6.27%6.43%4.95%3.47%3.17%3.95%3.65%3.13%1.46%0.00%0.00%
RSIIX
RiverPark Strategic Income Fund		7.42%7.75%7.67%7.61%6.58%5.12%5.77%4.84%4.59%4.98%5.10%6.57%

Frequently Asked Questions

PSHNX and RSIIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RSIIX has higher volatility (0.52%) compared to PSHNX (0.51%). In terms of maximum drawdown, PSHNX dropped -14.53% vs RSIIX's -15.55%.

PSHNX currently has the higher Sharpe Ratio (3.31 vs 1.82), 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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