RFCYX vs. AAIIX
RFCYX (Russell Investments Strategic Bond Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, RFCYX returned 1.63%/yr vs 2.98%/yr for AAIIX. At a 0.21 correlation, their price movements are largely independent. RFCYX charges 0.45%/yr vs 2.20%/yr for AAIIX.
Performance
RFCYX vs. AAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, RFCYX achieves a 0.33% return, which is significantly lower than AAIIX's 1.24% return. Over the past 10 years, RFCYX has underperformed AAIIX with an annualized return of 1.63%, while AAIIX has yielded a comparatively higher 2.98% annualized return.
RFCYX
- 1D
- 0.11%
- 1M
- 0.80%
- YTD
- 0.33%
- 6M
- 0.21%
- 1Y
- 4.00%
- 3Y*
- 3.90%
- 5Y*
- -0.35%
- 10Y*
- 1.63%
AAIIX
- 1D
- -0.28%
- 1M
- -0.78%
- YTD
- 1.24%
- 6M
- 1.17%
- 1Y
- 4.69%
- 3Y*
- 6.64%
- 5Y*
- 1.72%
- 10Y*
- 2.98%
RFCYX vs. AAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFCYX Russell Investments Strategic Bond Fund | 0.33% | 7.55% | 1.11% | 4.92% | -14.07% | -1.55% | 8.98% | 9.57% | -0.54% | 4.04% |
AAIIX Ancora Income Fund | 1.24% | 2.28% | 9.23% | 9.46% | -14.32% | 9.21% | 3.72% | 11.08% | -5.60% | 6.57% |
Correlation
The correlation between RFCYX and AAIIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2005 | 0.21 |
Over the past year, RFCYX and AAIIX have become more correlated (0.44) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
RFCYX vs. AAIIX — Risk / Return Rank
RFCYX
AAIIX
RFCYX vs. AAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Strategic Bond Fund (RFCYX) and Ancora Income Fund (AAIIX). 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.
| RFCYX | AAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.23 | +0.26 |
| Martin ratioReturn relative to average drawdown | 4.09 | 3.74 | +0.35 |
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Drawdowns
RFCYX vs. AAIIX - Drawdown Comparison
The maximum RFCYX drawdown since its inception was -19.34%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for RFCYX and AAIIX.
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Drawdown Indicators
| RFCYX | AAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -98.01% | +78.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -4.19% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -98.01% | +91.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -98.01% | +78.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -98.01% | +78.67% |
Current DrawdownCurrent decline from peak | -3.59% | -97.81% | +94.22% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -12.55% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.38% | -0.31% |
Volatility
RFCYX vs. AAIIX - Volatility Comparison
The current volatility for Russell Investments Strategic Bond Fund (RFCYX) is 1.09%, while Ancora Income Fund (AAIIX) has a volatility of 1.28%. This indicates that RFCYX experiences smaller price fluctuations and is considered to be less risky than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFCYX | AAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.28% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 3.38% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 4.58% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 2,046.08% | -2,040.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 1,446.22% | -1,441.22% |
RFCYX vs. AAIIX - Expense Ratio Comparison
RFCYX has a 0.45% expense ratio, which is lower than AAIIX's 2.20% expense ratio.
Dividends
RFCYX vs. AAIIX - Dividend Comparison
RFCYX's dividend yield for the trailing twelve months is around 5.23%, which matches AAIIX's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 5.26% | 4.09% | 4.57% | 4.77% | 4.52% | 4.46% | 5.68% | 3.96% | 4.36% | 5.69% | 6.40% | 6.99% |
RFCYX Russell Investments Strategic Bond Fund | 5.23% | 5.18% | 4.89% | 2.77% | 2.77% | 2.13% | 7.15% | 3.70% | 2.41% | 1.29% | 4.92% | 4.06% |
Frequently Asked Questions
RFCYX and AAIIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIIX has higher volatility (1.28%) compared to RFCYX (1.09%). In terms of maximum drawdown, RFCYX dropped -19.34% vs AAIIX's -98.01%.
RFCYX currently has the higher Sharpe Ratio (1.15 vs 1.13), 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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