RIGS vs. FXAIX
Compare and contrast key facts about RiverFront Strategic Income Fund (RIGS) and Fidelity 500 Index Fund (FXAIX).
RIGS is an actively managed fund by SS&C. It was launched on Oct 9, 2013. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RIGS or FXAIX.
Key characteristics
| RIGS | FXAIX | |
|---|---|---|
| YTD Return | -1.31% | 5.67% |
| 1Y Return | 2.71% | 23.72% |
| 3Y Return (Ann) | -0.20% | 7.94% |
| 5Y Return (Ann) | 1.38% | 13.14% |
| 10Y Return (Ann) | 2.49% | 12.46% |
| Sharpe Ratio | 0.43 | 1.91 |
| Daily Std Dev | 6.21% | 11.69% |
| Max Drawdown | -15.31% | -33.79% |
| Current Drawdown | -1.74% | -4.41% |
Correlation
The correlation between RIGS and FXAIX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RIGS vs. FXAIX - Performance Comparison
In the year-to-date period, RIGS achieves a -1.31% return, which is significantly lower than FXAIX's 5.67% return. Over the past 10 years, RIGS has underperformed FXAIX with an annualized return of 2.49%, while FXAIX has yielded a comparatively higher 12.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RIGS vs. FXAIX - Expense Ratio Comparison
RIGS has a 0.48% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
RIGS vs. FXAIX - Risk-Adjusted Performance 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.
Dividends
RIGS vs. FXAIX - Dividend Comparison
RIGS's dividend yield for the trailing twelve months is around 3.92%, more than FXAIX's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIGS RiverFront Strategic Income Fund | 3.92% | 3.48% | 2.72% | 2.47% | 3.44% | 3.87% | 4.54% | 4.45% | 4.46% | 3.61% | 3.31% | 0.46% |
FXAIX Fidelity 500 Index Fund | 1.39% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
RIGS vs. FXAIX - Volatility Comparison
The current volatility for RiverFront Strategic Income Fund (RIGS) is 1.55%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.85%. 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.