RIGS vs. BKHY
Compare and contrast key facts about RiverFront Strategic Income Fund (RIGS) and BNY Mellon High Yield Beta ETF (BKHY).
RIGS and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RIGS is an actively managed fund by SS&C. It was launched on Oct 9, 2013. BKHY is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RIGS or BKHY.
Key characteristics
| RIGS | BKHY | |
|---|---|---|
| YTD Return | 3.31% | 8.85% |
| 1Y Return | 8.87% | 15.13% |
| 3Y Return (Ann) | 1.02% | 2.90% |
| Sharpe Ratio | 1.28 | 3.18 |
| Sortino Ratio | 1.85 | 4.99 |
| Omega Ratio | 1.24 | 1.63 |
| Calmar Ratio | 1.51 | 2.54 |
| Martin Ratio | 7.85 | 26.97 |
| Ulcer Index | 1.06% | 0.53% |
| Daily Std Dev | 6.51% | 4.52% |
| Max Drawdown | -15.31% | -15.89% |
| Current Drawdown | -1.95% | 0.00% |
Correlation
The correlation between RIGS and BKHY is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RIGS vs. BKHY - Performance Comparison
In the year-to-date period, RIGS achieves a 3.31% return, which is significantly lower than BKHY's 8.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RIGS vs. BKHY - Expense Ratio Comparison
RIGS has a 0.48% expense ratio, which is higher than BKHY's 0.22% expense ratio.
Risk-Adjusted Performance
RIGS vs. BKHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Strategic Income Fund (RIGS) and BNY Mellon High Yield Beta ETF (BKHY). 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.
Dividends
RIGS vs. BKHY - Dividend Comparison
RIGS's dividend yield for the trailing twelve months is around 4.40%, less than BKHY's 6.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIGS RiverFront Strategic Income Fund | 4.40% | 3.49% | 2.72% | 2.47% | 3.44% | 3.87% | 4.54% | 4.45% | 4.47% | 3.60% | 3.32% | 0.46% |
BKHY BNY Mellon High Yield Beta ETF | 6.96% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RIGS vs. BKHY - Drawdown Comparison
The maximum RIGS drawdown since its inception was -15.31%, roughly equal to the maximum BKHY drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for RIGS and BKHY. For additional features, visit the drawdowns tool.
Volatility
RIGS vs. BKHY - Volatility Comparison
RiverFront Strategic Income Fund (RIGS) has a higher volatility of 1.94% compared to BNY Mellon High Yield Beta ETF (BKHY) at 0.94%. This indicates that RIGS's price experiences larger fluctuations and is considered to be riskier than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.