RFXIX vs. MOFIX
RFXIX (Rational Special Situations Income Fund) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, RFXIX returned 4.10%/yr vs 1.20%/yr for MOFIX. Their 0.34 correlation means their historical movements had little consistent relationship. RFXIX charges 1.76%/yr vs 0.44%/yr for MOFIX.
Performance
RFXIX vs. MOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, RFXIX achieves a 2.23% return, which is significantly higher than MOFIX's -2.24% return.
RFXIX
- 1D
- -0.11%
- 1M
- 0.08%
- 6M
- 1.69%
- YTD
- 2.23%
- 1Y
- 4.75%
- 3Y*
- 5.69%
- 5Y*
- 4.10%
- 10Y*
- —
- ALL TIME*
- 4.12%
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RFXIX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RFXIX Rational Special Situations Income Fund | 2.23% | 4.73% | 8.95% | 4.08% | -0.85% | 5.30% | 2.84% | 1.91% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | -0.11% |
Correlation
The correlation between RFXIX and MOFIX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.34 |
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Return for Risk
RFXIX vs. MOFIX — Risk / Return Rank
RFXIX
MOFIX
RFXIX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational Special Situations Income Fund (RFXIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.
| RFXIX | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +5.49 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 0.99 | +1.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | -0.04 | +6.98 |
| Martin ratioReturn relative to average drawdown | 28.72 | -0.11 | +28.83 |
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Drawdowns
RFXIX vs. MOFIX - Drawdown Comparison
The maximum RFXIX drawdown since its inception was -12.91%, smaller than the maximum MOFIX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for RFXIX and MOFIX.
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Drawdown Indicators
| RFXIX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.91% | -19.96% | +7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -3.52% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.05% | -8.02% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -4.93% | -19.00% | +14.07% |
Current DrawdownCurrent decline from peak | -0.11% | -2.70% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -5.10% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 1.33% | -1.16% |
Volatility
RFXIX vs. MOFIX - Volatility Comparison
The current volatility for Rational Special Situations Income Fund (RFXIX) is 0.32%, while Mercer Opportunistic Fixed Income Fund (MOFIX) has a volatility of 0.68%. This indicates that RFXIX experiences smaller price fluctuations and is considered to be less risky than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFXIX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.68% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 2.38% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 2.98% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.96% | 7.26% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 7.10% | -4.18% |
RFXIX vs. MOFIX - Expense Ratio Comparison
RFXIX has a 1.76% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Dividends
RFXIX vs. MOFIX - Dividend Comparison
RFXIX's dividend yield for the trailing twelve months is around 5.24%, more than MOFIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% |
RFXIX Rational Special Situations Income Fund | 5.24% | 5.02% | 6.69% | 7.85% | 6.08% | 5.04% | 4.99% | 1.39% |
Frequently Asked Questions
RFXIX and MOFIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOFIX has higher volatility (0.68%) compared to RFXIX (0.32%). In terms of maximum drawdown, RFXIX dropped -12.91% vs MOFIX's -19.96%.
RFXIX currently has the higher Sharpe Ratio (3.61 vs -0.05), 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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