RCTIX vs. AXSIX

Last updated Jun 4, 2026

RCTIX (River Canyon Total Return Bond Fund) and AXSIX (Axonic Strategic Income Fund) are both mutual funds - RCTIX is a Short-Term Bond fund managed by River Canyon, while AXSIX is a Multisector Bonds fund managed by Axonic. Over the past 5 years, RCTIX returned 4.38%/yr vs 3.79%/yr for AXSIX. At a 0.41 correlation, their price movements are largely independent. RCTIX charges 0.89%/yr vs 1.00%/yr for AXSIX.

Performance

RCTIX vs. AXSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, RCTIX achieves a 0.71% return, which is significantly lower than AXSIX's 1.94% return.

RCTIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.71%
• 6M: 1.26%
• 1Y: 5.24%
• 3Y*: 7.47%
• 5Y*: 4.38%
• 10Y*: 5.54%

AXSIX

• 1D: 0.00%
• 1M: 0.41%
• YTD: 1.94%
• 6M: 1.67%
• 1Y: 5.89%
• 3Y*: 7.33%
• 5Y*: 3.79%
• 10Y*: —

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

RCTIX vs. AXSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RCTIX River Canyon Total Return Bond Fund	0.71%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.32%
AXSIX Axonic Strategic Income Fund	1.94%	6.71%	8.30%	7.54%	-6.81%	5.91%	-0.16%

Correlation

The correlation between RCTIX and AXSIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 3, 2020	0.41

Over the past year, RCTIX and AXSIX have become more correlated (0.63) than their long-term average of 0.41, meaning their price movements have been converging.

Return for Risk

RCTIX vs. AXSIX — Risk / Return Rank

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

RCTIX

RCTIX Risk / Return Rank: 74
RCTIX Sharpe Ratio Rank: 63
RCTIX Sortino Ratio Rank: 70
RCTIX Omega Ratio Rank: 72
RCTIX Calmar Ratio Rank: 88
RCTIX Martin Ratio Rank: 78

AXSIX

AXSIX Risk / Return Rank: 87
AXSIX Sharpe Ratio Rank: 68
AXSIX Sortino Ratio Rank: 96
AXSIX Omega Ratio Rank: 91
AXSIX Calmar Ratio Rank: 91
AXSIX Martin Ratio Rank: 88

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.

RCTIX vs. AXSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for River Canyon Total Return Bond Fund (RCTIX) and Axonic Strategic Income Fund (AXSIX). 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.

	RCTIX	AXSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.42	-0.09
Sortino ratio: Return per unit of downside risk	3.49	5.20	-1.70
Omega ratio: Gain probability vs. loss probability	1.48	1.67	-0.19
Calmar ratio: Return relative to maximum drawdown	4.39	4.76	-0.37
Martin ratio: Return relative to average drawdown	14.63	17.44	-2.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RCTIX vs. AXSIX - Sharpe Ratio Comparison

The current RCTIX Sharpe Ratio is 2.32, which is comparable to the AXSIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of RCTIX and AXSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RCTIX	AXSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.42	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.77	1.75	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.96	+0.36

Drawdowns

RCTIX vs. AXSIX - Drawdown Comparison

The maximum RCTIX drawdown since its inception was -10.89%, smaller than the maximum AXSIX drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for RCTIX and AXSIX.

Drawdown Indicators

	RCTIX	AXSIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.89%	-12.55%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-1.20%	-1.22%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-1.48%	-1.22%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-6.17%	-6.87%	+0.70%
Max Drawdown (10Y) Largest decline over 10 years	-10.89%	—	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-1.08%	-1.96%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.33%	+0.03%

Volatility

RCTIX vs. AXSIX - Volatility Comparison

River Canyon Total Return Bond Fund (RCTIX) has a higher volatility of 0.83% compared to Axonic Strategic Income Fund (AXSIX) at 0.78%. This indicates that RCTIX's price experiences larger fluctuations and is considered to be riskier than AXSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RCTIX	AXSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	0.78%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	1.76%	1.64%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	2.41%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.49%	2.18%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	3.70%	+0.04%

RCTIX vs. AXSIX - Expense Ratio Comparison

RCTIX has a 0.89% expense ratio, which is lower than AXSIX's 1.00% expense ratio.

Dividends

RCTIX vs. AXSIX - Dividend Comparison

RCTIX's dividend yield for the trailing twelve months is around 7.27%, more than AXSIX's 6.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AXSIX Axonic Strategic Income Fund	6.21%	6.39%	6.52%	6.24%	3.89%	6.70%	2.04%	0.00%	0.00%	0.00%	0.00%
RCTIX River Canyon Total Return Bond Fund	7.27%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%

Frequently Asked Questions

Can I hold both RCTIX and AXSIX in my portfolio?

RCTIX and AXSIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RCTIX or AXSIX?

RCTIX has higher volatility (0.83%) compared to AXSIX (0.78%). In terms of maximum drawdown, RCTIX dropped -10.89% vs AXSIX's -12.55%.

Which has better risk-adjusted returns?

AXSIX currently has the higher Sharpe Ratio (2.42 vs 2.32), 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.