RHTX vs. RHRX

Last updated Jun 24, 2026

RHTX (RH Tactical Outlook ETF) and RHRX (RH Tactical Rotation ETF) are both Tactical Allocation funds from Adaptive. Both are actively managed. Over the past 3 years, RHTX returned 14.34%/yr vs 21.00%/yr for RHRX. Their correlation of 0.84 suggests significant overlap in exposure. RHTX charges 1.38%/yr vs 1.36%/yr for RHRX.

Performance

RHTX vs. RHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RH Tactical Outlook ETF (RHTX) and RH Tactical Rotation ETF (RHRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RHTX achieves a 5.30% return, which is significantly lower than RHRX's 18.02% return.

RHTX

• 1D: -1.50%
• 1M: -2.48%
• YTD: 5.30%
• 6M: 3.85%
• 1Y: 20.43%
• 3Y*: 14.34%
• 5Y*: —
• 10Y*: —

RHRX

• 1D: -2.79%
• 1M: 0.50%
• YTD: 18.02%
• 6M: 17.04%
• 1Y: 35.22%
• 3Y*: 21.00%
• 5Y*: —
• 10Y*: —

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

RHTX vs. RHRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RHTX RH Tactical Outlook ETF	5.30%	15.42%	18.27%	7.02%	-19.72%	-0.03%
RHRX RH Tactical Rotation ETF	18.02%	16.70%	22.21%	10.28%	-20.05%	1.33%

Correlation

The correlation between RHTX and RHRX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 8, 2021	0.84

The correlation between RHTX and RHRX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

RHTX vs. RHRX - Sectors Allocation Comparison

Sectors	RHTX	RHRX
Technology	32.6%	44.9%
Industrials	13.3%	12.9%
Financial Services	11.9%	6.8%
Consumer Cyclical	9.7%	7.6%
Healthcare	9.1%	5.1%
Communication Services	7.0%	8.4%
Consumer Defensive	3.9%	2.4%
Energy	3.8%	1.5%
Real Estate	3.7%	1.0%
Basic Materials	2.8%	8.3%
Utilities	2.4%	1.1%

Return for Risk

RHTX vs. RHRX — Risk / Return Rank

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

RHTX

RHTX Risk / Return Rank: 37
RHTX Sharpe Ratio Rank: 40
RHTX Sortino Ratio Rank: 35
RHTX Omega Ratio Rank: 39
RHTX Calmar Ratio Rank: 34
RHTX Martin Ratio Rank: 38

RHRX

RHRX Risk / Return Rank: 85
RHRX Sharpe Ratio Rank: 84
RHRX Sortino Ratio Rank: 81
RHRX Omega Ratio Rank: 80
RHRX Calmar Ratio Rank: 90
RHRX Martin Ratio Rank: 90

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.

RHTX vs. RHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RH Tactical Outlook ETF (RHTX) and RH Tactical Rotation ETF (RHRX). 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.

	RHTX	RHRX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.49	-1.19
Sortino ratio: Return per unit of downside risk	1.73	3.31	-1.58
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.61	5.18	-3.58
Martin ratio: Return relative to average drawdown	5.55	19.38	-13.83

RHTX vs. RHRX - Sharpe Ratio Comparison

The current RHTX Sharpe Ratio is 1.30, which is lower than the RHRX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of RHTX and RHRX, 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

RHTX vs. RHRX - Drawdown Comparison

The maximum RHTX drawdown since its inception was -24.68%, roughly equal to the maximum RHRX drawdown of -25.33%. Use the drawdown chart below to compare losses from any high point for RHTX and RHRX.

Drawdown Indicators

	RHTX	RHRX	Difference
Max Drawdown Largest peak-to-trough decline	-24.68%	-25.33%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-6.83%	-5.94%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	-21.90%	+3.17%
Current Drawdown Current decline from peak	-4.38%	-3.34%	-1.04%
Average Drawdown Average peak-to-trough decline	-9.55%	-8.87%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	1.82%	+1.87%

Volatility

RHTX vs. RHRX - Volatility Comparison

The current volatility for RH Tactical Outlook ETF (RHTX) is 5.16%, while RH Tactical Rotation ETF (RHRX) has a volatility of 6.49%. This indicates that RHTX experiences smaller price fluctuations and is considered to be less risky than RHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RHTX	RHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	6.49%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	11.22%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	14.24%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	19.12%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	19.12%	-1.06%

RHTX vs. RHRX - Expense Ratio Comparison

RHTX has a 1.38% expense ratio, which is higher than RHRX's 1.36% expense ratio.

Dividends

RHTX vs. RHRX - Dividend Comparison

Neither RHTX nor RHRX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RHTX and RHRX in my portfolio?

RHTX and RHRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RHTX or RHRX?

RHRX has higher volatility (6.49%) compared to RHTX (5.16%). In terms of maximum drawdown, RHTX dropped -24.68% vs RHRX's -25.33%.

Which ETF is better, RHTX or RHRX?

On 3-year performance, RHRX leads with 21.00% vs 14.34% for RHTX. On fees, RHRX is cheaper at 1.36% per year. On volatility, RHTX has been the lower-risk option at 5.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RHTX or RHRX?

Over the 3-year period, RHRX has performed better with a 21.00% return vs 14.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RHTX or RHRX?

RHRX is cheaper with a 1.36% expense ratio, compared with 1.38% for RHTX.

Which ETF pays a higher dividend yield, RHTX or RHRX?

RHTX and RHRX have nearly identical dividend yields, around 0.00%.

What is the main difference between RHTX and RHRX?

Their fees differ too: 1.38% for RHTX and 1.36% for RHRX.

Which has better risk-adjusted returns?

RHRX currently has the higher Sharpe Ratio (2.49 vs 1.30), 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.