RIGS vs. RFG
Compare and contrast key facts about RiverFront Strategic Income Fund (RIGS) and Invesco S&P MidCap 400® Pure Growth ETF (RFG).
RIGS and RFG 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. RFG is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Growth. It was launched on Mar 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RIGS or RFG.
Key characteristics
| RIGS | RFG | |
|---|---|---|
| YTD Return | 3.31% | 25.67% |
| 1Y Return | 8.87% | 37.87% |
| 3Y Return (Ann) | 1.02% | 2.69% |
| 5Y Return (Ann) | 1.77% | 12.39% |
| 10Y Return (Ann) | 2.92% | 8.34% |
| Sharpe Ratio | 1.28 | 1.95 |
| Sortino Ratio | 1.85 | 2.69 |
| Omega Ratio | 1.24 | 1.33 |
| Calmar Ratio | 1.51 | 1.68 |
| Martin Ratio | 7.85 | 8.40 |
| Ulcer Index | 1.06% | 4.38% |
| Daily Std Dev | 6.51% | 18.91% |
| Max Drawdown | -15.31% | -51.93% |
| Current Drawdown | -1.95% | 0.00% |
Correlation
The correlation between RIGS and RFG is 0.32, 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. RFG - Performance Comparison
In the year-to-date period, RIGS achieves a 3.31% return, which is significantly lower than RFG's 25.67% return. Over the past 10 years, RIGS has underperformed RFG with an annualized return of 2.92%, while RFG has yielded a comparatively higher 8.34% 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. RFG - Expense Ratio Comparison
RIGS has a 0.48% expense ratio, which is higher than RFG's 0.35% expense ratio.
Risk-Adjusted Performance
RIGS vs. RFG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Strategic Income Fund (RIGS) and Invesco S&P MidCap 400® Pure Growth ETF (RFG). 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. RFG - Dividend Comparison
RIGS's dividend yield for the trailing twelve months is around 4.40%, more than RFG's 0.54% 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% |
RFG Invesco S&P MidCap 400® Pure Growth ETF | 0.54% | 0.99% | 0.78% | 0.26% | 0.27% | 0.64% | 0.76% | 0.66% | 0.35% | 0.61% | 0.60% | 0.65% |
Drawdowns
RIGS vs. RFG - Drawdown Comparison
The maximum RIGS drawdown since its inception was -15.31%, smaller than the maximum RFG drawdown of -51.93%. Use the drawdown chart below to compare losses from any high point for RIGS and RFG. For additional features, visit the drawdowns tool.
Volatility
RIGS vs. RFG - Volatility Comparison
The current volatility for RiverFront Strategic Income Fund (RIGS) is 1.94%, while Invesco S&P MidCap 400® Pure Growth ETF (RFG) has a volatility of 5.49%. This indicates that RIGS experiences smaller price fluctuations and is considered to be less risky than RFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.