RFCI vs. VGMS

Last updated Aug 4, 2026

RFCI (RiverFront Dynamic Core Income ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, RFCI returned 2.00% vs 5.10% for VGMS. Their 0.77 correlation means they have sometimes moved together and sometimes differently. RFCI charges 0.54%/yr vs 0.30%/yr for VGMS.

Performance

RFCI vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverFront Dynamic Core Income ETF (RFCI) and Vanguard Multi-Sector Income Bond ETF (VGMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFCI achieves a -0.18% return, which is significantly lower than VGMS's 1.40% return.

RFCI

• 1D: 0.50%
• 1M: -0.51%
• 6M: -0.09%
• YTD: -0.18%
• 1Y: 2.00%
• 3Y*: 4.49%
• 5Y*: 0.80%
• 10Y*: 1.79%
• ALL TIME*: 1.96%

VGMS

• 1D: 0.23%
• 1M: -0.32%
• 6M: 0.87%
• YTD: 1.40%
• 1Y: 5.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RFCI RiverFront Dynamic Core Income ETF	$73.72K	$61.78K	$39.56K
VGMS Vanguard Multi-Sector Income Bond ETF	$2.49M	$2.36M	$2.04M

RFCI vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
RFCI RiverFront Dynamic Core Income ETF	-0.18%	4.33%
VGMS Vanguard Multi-Sector Income Bond ETF	1.40%	5.51%

Correlation

The correlation between RFCI and VGMS is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.77

The correlation between RFCI and VGMS has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

RFCI vs. VGMS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RFCI

RFCI Risk / Return Rank: 23
RFCI Sharpe Ratio Rank: 24
RFCI Sortino Ratio Rank: 22
RFCI Omega Ratio Rank: 21
RFCI Calmar Ratio Rank: 24
RFCI Martin Ratio Rank: 24

VGMS

VGMS Risk / Return Rank: 66
VGMS Sharpe Ratio Rank: 66
VGMS Sortino Ratio Rank: 69
VGMS Omega Ratio Rank: 68
VGMS Calmar Ratio Rank: 56
VGMS Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RFCI vs. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverFront Dynamic Core Income ETF (RFCI) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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.

	RFCI	VGMS	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.58	-1.02
Sortino ratio: Return per unit of downside risk	0.81	2.33	-1.52
Omega ratio: Gain probability vs. loss probability	1.10	1.30	-0.20
Calmar ratio: Return relative to maximum drawdown	0.76	2.08	-1.32
Martin ratio: Return relative to average drawdown	1.91	9.14	-7.23

RFCI vs. VGMS - Sharpe Ratio Comparison

The current RFCI Sharpe Ratio is 0.56, which is lower than the VGMS Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of RFCI and VGMS, 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

RFCI vs. VGMS - Drawdown Comparison

The maximum RFCI drawdown since its inception was -14.18%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for RFCI and VGMS.

Drawdown Indicators

	RFCI	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-14.18%	-2.46%	-11.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.65%	-2.46%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-4.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.18%	—	—
Current Drawdown Current decline from peak	-1.68%	-0.49%	-1.19%
Average Drawdown Average peak-to-trough decline	-3.20%	-0.31%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.56%	+0.49%

Volatility

RFCI vs. VGMS - Volatility Comparison

RiverFront Dynamic Core Income ETF (RFCI) has a higher volatility of 1.18% compared to Vanguard Multi-Sector Income Bond ETF (VGMS) at 0.76%. This indicates that RFCI's price experiences larger fluctuations and is considered to be riskier than VGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFCI	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	0.76%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	2.71%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.57%	3.24%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.15%	3.17%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	3.17%	+1.76%

RFCI vs. VGMS - Expense Ratio Comparison

RFCI has a 0.54% expense ratio, which is higher than VGMS's 0.30% expense ratio.

Dividends

RFCI vs. VGMS - Dividend Comparison

RFCI's dividend yield for the trailing twelve months is around 4.58%, less than VGMS's 5.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RFCI RiverFront Dynamic Core Income ETF	4.58%	4.55%	4.30%	3.55%	2.26%	3.45%	2.04%	2.66%	2.76%	2.03%	1.97%
VGMS Vanguard Multi-Sector Income Bond ETF	5.43%	2.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RFCI and VGMS in my portfolio?

RFCI and VGMS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFCI or VGMS?

RFCI has higher volatility (1.18%) compared to VGMS (0.76%). In terms of maximum drawdown, RFCI dropped -14.18% vs VGMS's -2.46%.

Which ETF is better, RFCI or VGMS?

On 1-year performance, VGMS leads with 5.10% vs 2.00% for RFCI. On fees, VGMS is cheaper at 0.30% per year. On volatility, VGMS has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFCI or VGMS?

Over the 1-year period, VGMS has performed better with a 5.10% return vs 2.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFCI or VGMS?

VGMS is cheaper with a 0.30% expense ratio, compared with 0.54% for RFCI.

Which ETF pays a higher dividend yield, RFCI or VGMS?

VGMS has the higher dividend yield at 5.43%, compared with 4.58% for RFCI.

What is the main difference between RFCI and VGMS?

They also come from different issuers: SS&C and Vanguard. Their fees differ too: 0.54% for RFCI and 0.30% for VGMS.

Which has better risk-adjusted returns?

VGMS currently has the higher Sharpe Ratio (1.58 vs 0.56), 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.