RIGS vs. FXAIX

Last updated Jun 3, 2026

RIGS (RiverFront Strategic Income Fund) and FXAIX (Fidelity 500 Index Fund) are both funds - RIGS is a High Yield Bonds fund actively managed by SS&C, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. RIGS is actively managed, while FXAIX is passively managed. Over the past 10 years, RIGS returned 3.18%/yr vs 15.65%/yr for FXAIX. At a 0.32 correlation, their price movements are largely independent. RIGS charges 0.48%/yr vs 0.02%/yr for FXAIX.

Performance

RIGS vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverFront Strategic Income Fund (RIGS) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIGS achieves a 1.03% return, which is significantly lower than FXAIX's 11.56% return. Over the past 10 years, RIGS has underperformed FXAIX with an annualized return of 3.18%, while FXAIX has yielded a comparatively higher 15.65% annualized return.

RIGS

• 1D: 0.05%
• 1M: 0.22%
• YTD: 1.03%
• 6M: 0.87%
• 1Y: 4.73%
• 3Y*: 4.72%
• 5Y*: 2.16%
• 10Y*: 3.18%

FXAIX

• 1D: 0.27%
• 1M: 5.24%
• YTD: 11.56%
• 6M: 11.94%
• 1Y: 29.57%
• 3Y*: 22.70%
• 5Y*: 14.17%
• 10Y*: 15.65%

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

RIGS vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIGS RiverFront Strategic Income Fund	1.03%	4.63%	4.45%	6.07%	-5.72%	1.93%	3.58%	7.60%	-0.11%	4.48%
FXAIX Fidelity 500 Index Fund	11.56%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between RIGS and FXAIX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013	0.32

The correlation between RIGS and FXAIX shifts across timeframes, from 0.22 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RIGS vs. FXAIX — Risk / Return Rank

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

RIGS

RIGS Risk / Return Rank: 18
RIGS Sharpe Ratio Rank: 17
RIGS Sortino Ratio Rank: 16
RIGS Omega Ratio Rank: 17
RIGS Calmar Ratio Rank: 21
RIGS Martin Ratio Rank: 19

FXAIX

FXAIX Risk / Return Rank: 75
FXAIX Sharpe Ratio Rank: 77
FXAIX Sortino Ratio Rank: 69
FXAIX Omega Ratio Rank: 69
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 84

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.

RIGS vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverFront Strategic Income Fund (RIGS) and Fidelity 500 Index Fund (FXAIX). 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.

	RIGS	FXAIX	Difference
Sharpe ratio Return per unit of total volatility	0.51	2.55	-2.04
Sortino ratio Return per unit of downside risk	0.78	3.46	-2.68
Omega ratio Gain probability vs. loss probability	1.11	1.46	-0.36
Calmar ratio Return relative to maximum drawdown	0.93	3.39	-2.45
Martin ratio Return relative to average drawdown	2.23	15.86	-13.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIGS vs. FXAIX - Sharpe Ratio Comparison

The current RIGS Sharpe Ratio is 0.51, which is lower than the FXAIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of RIGS and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RIGS	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	2.55	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.84	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.87	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.82	-0.37

Drawdowns

RIGS vs. FXAIX - Drawdown Comparison

The maximum RIGS drawdown since its inception was -15.31%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for RIGS and FXAIX.

Drawdown Indicators

	RIGS	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-33.79%	+18.48%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-8.89%	+4.34%
Max Drawdown (3Y) Largest decline over 3 years	-5.18%	-18.76%	+13.58%
Max Drawdown (5Y) Largest decline over 5 years	-9.03%	-24.50%	+15.47%
Max Drawdown (10Y) Largest decline over 10 years	-15.31%	-33.79%	+18.48%
Current Drawdown Current decline from peak	-1.42%	0.00%	-1.42%
Average Drawdown Average peak-to-trough decline	-1.60%	-3.79%	+2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.90%	0.00%

Volatility

RIGS vs. FXAIX - Volatility Comparison

The current volatility for RiverFront Strategic Income Fund (RIGS) is 1.30%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 2.82%. This indicates that RIGS experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIGS	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	2.82%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	4.75%	8.99%	-4.24%
Volatility (1Y) Calculated over the trailing 1-year period	9.34%	11.88%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	16.91%	-9.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.75%	18.07%	-10.32%

RIGS vs. FXAIX - Expense Ratio Comparison

RIGS has a 0.48% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

RIGS vs. FXAIX - Dividend Comparison

RIGS's dividend yield for the trailing twelve months is around 4.87%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
RIGS RiverFront Strategic Income Fund	4.87%	4.84%	4.49%	3.48%	2.71%	2.47%	3.77%	3.87%	4.54%	4.45%	4.46%	3.61%

Frequently Asked Questions

Can I hold both RIGS and FXAIX in my portfolio?

RIGS and FXAIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIGS or FXAIX?

FXAIX has higher volatility (2.82%) compared to RIGS (1.30%). In terms of maximum drawdown, RIGS dropped -15.31% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.55 vs 0.51), 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.