RIGS vs. IYLD
Compare and contrast key facts about RiverFront Strategic Income Fund (RIGS) and iShares Morningstar Multi-Asset Income ETF (IYLD).
RIGS and IYLD 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. IYLD is a passively managed fund by iShares that tracks the performance of the Morningstar Multi-Asset High Income Index. It was launched on Apr 5, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RIGS or IYLD.
Key characteristics
| RIGS | IYLD | |
|---|---|---|
| YTD Return | 3.98% | 4.83% |
| 1Y Return | 9.43% | 13.27% |
| 3Y Return (Ann) | 1.38% | -0.32% |
| 5Y Return (Ann) | 1.90% | 0.84% |
| 10Y Return (Ann) | 3.01% | 2.48% |
| Sharpe Ratio | 1.47 | 2.29 |
| Sortino Ratio | 2.12 | 3.40 |
| Omega Ratio | 1.27 | 1.45 |
| Calmar Ratio | 1.76 | 0.99 |
| Martin Ratio | 9.00 | 12.42 |
| Ulcer Index | 1.06% | 1.09% |
| Daily Std Dev | 6.53% | 5.91% |
| Max Drawdown | -15.31% | -30.23% |
| Current Drawdown | -1.31% | -2.22% |
Correlation
The correlation between RIGS and IYLD is 0.42, 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. IYLD - Performance Comparison
In the year-to-date period, RIGS achieves a 3.98% return, which is significantly lower than IYLD's 4.83% return. Over the past 10 years, RIGS has outperformed IYLD with an annualized return of 3.01%, while IYLD has yielded a comparatively lower 2.48% annualized 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. IYLD - Expense Ratio Comparison
RIGS has a 0.48% expense ratio, which is lower than IYLD's 0.60% expense ratio.
Risk-Adjusted Performance
RIGS vs. IYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Strategic Income Fund (RIGS) and iShares Morningstar Multi-Asset Income ETF (IYLD). 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. IYLD - Dividend Comparison
RIGS's dividend yield for the trailing twelve months is around 4.37%, less than IYLD's 5.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIGS RiverFront Strategic Income Fund | 4.37% | 3.49% | 2.72% | 2.47% | 3.44% | 3.87% | 4.54% | 4.45% | 4.47% | 3.60% | 3.32% | 0.46% |
IYLD iShares Morningstar Multi-Asset Income ETF | 5.14% | 5.76% | 5.44% | 3.47% | 4.94% | 5.25% | 5.78% | 4.22% | 5.32% | 4.93% | 5.56% | 6.16% |
Drawdowns
RIGS vs. IYLD - Drawdown Comparison
The maximum RIGS drawdown since its inception was -15.31%, smaller than the maximum IYLD drawdown of -30.23%. Use the drawdown chart below to compare losses from any high point for RIGS and IYLD. For additional features, visit the drawdowns tool.
Volatility
RIGS vs. IYLD - Volatility Comparison
RiverFront Strategic Income Fund (RIGS) has a higher volatility of 1.89% compared to iShares Morningstar Multi-Asset Income ETF (IYLD) at 1.15%. This indicates that RIGS's price experiences larger fluctuations and is considered to be riskier than IYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.