RIGS vs. HYHG
RIGS (RiverFront Strategic Income Fund) and HYHG (ProShares High Yield-Interest Rate Hedged) are both High Yield Bonds funds. RIGS is actively managed, while HYHG is passively managed. Over the past 10 years, RIGS returned 3.12%/yr vs 6.12%/yr for HYHG. At a 0.26 correlation, their price movements are largely independent. RIGS charges 0.48%/yr vs 0.50%/yr for HYHG.
Performance
RIGS vs. HYHG - Performance Comparison
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Returns By Period
In the year-to-date period, RIGS achieves a 0.43% return, which is significantly lower than HYHG's 3.03% return. Over the past 10 years, RIGS has underperformed HYHG with an annualized return of 3.12%, while HYHG has yielded a comparatively higher 6.12% annualized return.
RIGS
- 1D
- -0.33%
- 1M
- -0.35%
- YTD
- 0.43%
- 6M
- 0.31%
- 1Y
- 3.35%
- 3Y*
- 4.57%
- 5Y*
- 2.07%
- 10Y*
- 3.12%
HYHG
- 1D
- 0.12%
- 1M
- 0.64%
- YTD
- 3.03%
- 6M
- 3.57%
- 1Y
- 7.52%
- 3Y*
- 9.78%
- 5Y*
- 6.99%
- 10Y*
- 6.12%
RIGS vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIGS RiverFront Strategic Income Fund | 0.43% | 4.63% | 4.45% | 6.07% | -5.72% | 1.93% | 3.58% | 7.60% | -0.11% | 4.48% |
HYHG ProShares High Yield-Interest Rate Hedged | 3.03% | 5.31% | 11.41% | 14.69% | -1.71% | 5.75% | 0.16% | 12.02% | -1.95% | 3.76% |
Correlation
The correlation between RIGS and HYHG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.26 |
Over the past year, the correlation between RIGS and HYHG has dropped to 0.03 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
RIGS vs. HYHG — Risk / Return Rank
RIGS
HYHG
RIGS vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Strategic Income Fund (RIGS) and ProShares High Yield-Interest Rate Hedged (HYHG). 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 | HYHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.74 | -3.00 |
| Martin ratioReturn relative to average drawdown | 1.76 | 12.28 | -10.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RIGS | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 1.36 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.86 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.67 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.46 | -0.01 |
Drawdowns
RIGS vs. HYHG - Drawdown Comparison
The maximum RIGS drawdown since its inception was -15.31%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for RIGS and HYHG.
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Drawdown Indicators
| RIGS | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -25.71% | +10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -2.02% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -7.47% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -9.03% | -9.21% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -15.31% | -25.71% | +10.40% |
Current DrawdownCurrent decline from peak | -2.00% | -0.32% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -3.04% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.61% | +1.30% |
Volatility
RIGS vs. HYHG - Volatility Comparison
RiverFront Strategic Income Fund (RIGS) and ProShares High Yield-Interest Rate Hedged (HYHG) have volatilities of 1.36% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIGS | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.42% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 4.30% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 5.56% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 8.16% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.75% | 9.15% | -1.40% |
RIGS vs. HYHG - Expense Ratio Comparison
RIGS has a 0.48% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Dividends
RIGS vs. HYHG - Dividend Comparison
RIGS's dividend yield for the trailing twelve months is around 4.89%, less than HYHG's 6.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.78% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
RIGS RiverFront Strategic Income Fund | 4.89% | 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
RIGS and HYHG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYHG has higher volatility (1.42%) compared to RIGS (1.36%). In terms of maximum drawdown, RIGS dropped -15.31% vs HYHG's -25.71%.
On 10-year performance, HYHG leads with 6.12% vs 3.12% for RIGS. On fees, RIGS is cheaper at 0.48% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYHG has performed better with a 6.12% return vs 3.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RIGS is cheaper with a 0.48% expense ratio, compared with 0.50% for HYHG.
HYHG has the higher dividend yield at 6.78%, compared with 4.89% for RIGS.
They also come from different issuers: SS&C and ProShares. Their fees differ too: 0.48% for RIGS and 0.50% for HYHG.
HYHG currently has the higher Sharpe Ratio (1.36 vs 0.36), 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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