RIV vs. ABRYX
Compare and contrast key facts about RiverNorth Opportunities Fund (RIV) and Invesco Balanced-Risk Allocation Fund (ABRYX).
RIV is managed by RiverNorth. ABRYX is managed by Invesco. It was launched on Jun 1, 2009.
Performance
RIV vs. ABRYX - Performance Comparison
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RIV vs. ABRYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIV RiverNorth Opportunities Fund | -2.24% | 19.69% | 18.72% | 2.57% | -11.30% | 12.94% | 14.09% | 15.24% | -7.67% | 17.17% |
ABRYX Invesco Balanced-Risk Allocation Fund | 11.77% | 8.50% | 3.34% | 6.34% | -14.82% | 9.65% | 9.50% | 9.76% | -6.73% | 9.97% |
Returns By Period
In the year-to-date period, RIV achieves a -2.24% return, which is significantly lower than ABRYX's 11.77% return. Over the past 10 years, RIV has outperformed ABRYX with an annualized return of 8.91%, while ABRYX has yielded a comparatively lower 4.93% annualized return.
RIV
- 1D
- 0.73%
- 1M
- -6.66%
- YTD
- -2.24%
- 6M
- -1.18%
- 1Y
- 10.45%
- 3Y*
- 14.25%
- 5Y*
- 4.94%
- 10Y*
- 8.91%
ABRYX
- 1D
- 0.97%
- 1M
- -0.95%
- YTD
- 11.77%
- 6M
- 13.89%
- 1Y
- 19.48%
- 3Y*
- 9.06%
- 5Y*
- 4.26%
- 10Y*
- 4.93%
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RIV vs. ABRYX - Expense Ratio Comparison
RIV has a 2.07% expense ratio, which is higher than ABRYX's 1.06% expense ratio.
Return for Risk
RIV vs. ABRYX — Risk / Return Rank
RIV
ABRYX
RIV vs. ABRYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Opportunities Fund (RIV) and Invesco Balanced-Risk Allocation Fund (ABRYX). 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.
| RIV | ABRYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 2.05 | -1.31 |
Sortino ratioReturn per unit of downside risk | 1.05 | 2.65 | -1.60 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.70 | -1.94 |
Martin ratioReturn relative to average drawdown | 3.05 | 10.71 | -7.66 |
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
| RIV | ABRYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.05 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.35 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.46 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.61 | -0.22 |
Correlation
The correlation between RIV and ABRYX is 0.31, 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.
Dividends
RIV vs. ABRYX - Dividend Comparison
RIV's dividend yield for the trailing twelve months is around 13.72%, more than ABRYX's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIV RiverNorth Opportunities Fund | 13.72% | 12.80% | 13.46% | 13.95% | 16.61% | 14.31% | 13.42% | 12.34% | 15.51% | 10.14% | 13.01% | 0.00% |
ABRYX Invesco Balanced-Risk Allocation Fund | 3.17% | 3.55% | 13.21% | 2.43% | 0.00% | 25.72% | 1.40% | 6.66% | 0.00% | 6.34% | 4.36% | 7.17% |
Drawdowns
RIV vs. ABRYX - Drawdown Comparison
The maximum RIV drawdown since its inception was -42.99%, which is greater than ABRYX's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for RIV and ABRYX.
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Drawdown Indicators
| RIV | ABRYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.99% | -26.63% | -16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -6.93% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -19.17% | -9.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.99% | -26.63% | -16.36% |
Current DrawdownCurrent decline from peak | -6.89% | -2.39% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -4.68% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 1.75% | +1.43% |
Volatility
RIV vs. ABRYX - Volatility Comparison
RiverNorth Opportunities Fund (RIV) and Invesco Balanced-Risk Allocation Fund (ABRYX) have volatilities of 3.88% and 4.01%, 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
| RIV | ABRYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 4.01% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 7.55% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 9.37% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 12.13% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 10.88% | +9.40% |