RDMIX vs. HDCTX

Last updated Jun 26, 2026

RDMIX (Rational/ReSolve Adaptive Asset Allocation Fund) and HDCTX (Rational Equity Armor Fund) are both mutual funds - RDMIX is a Macro Trading fund managed by Rational Funds, while HDCTX is a Large Cap Value Equities fund managed by Rational Funds. Over the past 10 years, RDMIX returned 4.89%/yr vs 5.27%/yr for HDCTX. At a 0.14 correlation, their price movements are largely independent. RDMIX charges 1.97%/yr vs 1.17%/yr for HDCTX.

Performance

RDMIX vs. HDCTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rational/ReSolve Adaptive Asset Allocation Fund (RDMIX) and Rational Equity Armor Fund (HDCTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDMIX achieves a 12.33% return, which is significantly higher than HDCTX's 7.82% return. Over the past 10 years, RDMIX has underperformed HDCTX with an annualized return of 4.89%, while HDCTX has yielded a comparatively higher 5.27% annualized return.

RDMIX

• 1D: 0.42%
• 1M: 0.89%
• YTD: 12.33%
• 6M: 11.76%
• 1Y: 24.01%
• 3Y*: 8.70%
• 5Y*: 5.48%
• 10Y*: 4.89%

HDCTX

• 1D: -0.34%
• 1M: -2.36%
• YTD: 7.82%
• 6M: 6.25%
• 1Y: 16.82%
• 3Y*: 14.22%
• 5Y*: 6.76%
• 10Y*: 5.27%

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

RDMIX vs. HDCTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDMIX Rational/ReSolve Adaptive Asset Allocation Fund	12.33%	5.07%	9.88%	-0.52%	-3.06%	11.18%	0.65%	18.24%	-7.65%	3.85%
HDCTX Rational Equity Armor Fund	7.82%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	11.32%	-11.94%	-1.99%

Correlation

The correlation between RDMIX and HDCTX is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 28, 2001	0.14

Over the past year, RDMIX and HDCTX have become more correlated (0.50) than their long-term average of 0.14, meaning their price movements have been converging.

Return for Risk

RDMIX vs. HDCTX — Risk / Return Rank

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

RDMIX

RDMIX Risk / Return Rank: 77
RDMIX Sharpe Ratio Rank: 78
RDMIX Sortino Ratio Rank: 76
RDMIX Omega Ratio Rank: 73
RDMIX Calmar Ratio Rank: 90
RDMIX Martin Ratio Rank: 68

HDCTX

HDCTX Risk / Return Rank: 46
HDCTX Sharpe Ratio Rank: 50
HDCTX Sortino Ratio Rank: 52
HDCTX Omega Ratio Rank: 46
HDCTX Calmar Ratio Rank: 51
HDCTX Martin Ratio Rank: 31

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.

RDMIX vs. HDCTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rational/ReSolve Adaptive Asset Allocation Fund (RDMIX) and Rational Equity Armor Fund (HDCTX). 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.

	RDMIX	HDCTX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.71	+0.48
Sortino ratio: Return per unit of downside risk	3.05	2.48	+0.57
Omega ratio: Gain probability vs. loss probability	1.39	1.30	+0.09
Calmar ratio: Return relative to maximum drawdown	4.04	2.36	+1.68
Martin ratio: Return relative to average drawdown	11.10	6.08	+5.02

RDMIX vs. HDCTX - Sharpe Ratio Comparison

The current RDMIX Sharpe Ratio is 2.19, which is comparable to the HDCTX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RDMIX and HDCTX, 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

RDMIX vs. HDCTX - Drawdown Comparison

The maximum RDMIX drawdown since its inception was -31.57%, smaller than the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for RDMIX and HDCTX.

Drawdown Indicators

	RDMIX	HDCTX	Difference
Max Drawdown Largest peak-to-trough decline	-31.57%	-59.05%	+27.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-6.95%	+0.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-11.74%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	-18.22%	-1.74%
Max Drawdown (10Y) Largest decline over 10 years	-21.92%	-19.43%	-2.49%
Current Drawdown Current decline from peak	-1.49%	-3.89%	+2.40%
Average Drawdown Average peak-to-trough decline	-8.35%	-6.40%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.70%	-0.49%

Volatility

RDMIX vs. HDCTX - Volatility Comparison

Rational/ReSolve Adaptive Asset Allocation Fund (RDMIX) has a higher volatility of 3.37% compared to Rational Equity Armor Fund (HDCTX) at 2.97%. This indicates that RDMIX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDMIX	HDCTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.97%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	7.90%	7.19%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.27%	9.67%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.16%	10.67%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.31%	11.55%	-0.24%

RDMIX vs. HDCTX - Expense Ratio Comparison

RDMIX has a 1.97% expense ratio, which is higher than HDCTX's 1.17% expense ratio.

Dividends

RDMIX vs. HDCTX - Dividend Comparison

RDMIX's dividend yield for the trailing twelve months is around 0.80%, more than HDCTX's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDCTX Rational Equity Armor Fund	0.19%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%
RDMIX Rational/ReSolve Adaptive Asset Allocation Fund	0.80%	0.90%	6.81%	10.63%	0.39%	16.40%	0.47%	15.46%	0.94%	0.07%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDMIX and HDCTX in my portfolio?

RDMIX and HDCTX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDMIX or HDCTX?

RDMIX has higher volatility (3.37%) compared to HDCTX (2.97%). In terms of maximum drawdown, RDMIX dropped -31.57% vs HDCTX's -59.05%.

Which has better risk-adjusted returns?

RDMIX currently has the higher Sharpe Ratio (2.19 vs 1.71), 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.