RIVSX vs. ROGSX

Last updated Jun 5, 2026

RIVSX (River Oak Discovery Fund) and ROGSX (Red Oak Technology Select Fund) are both mutual funds - RIVSX is a Small Cap Blend Equities fund managed by Oak Associates, while ROGSX is a Technology Equities fund managed by Oak Associates. Over the past 10 years, RIVSX returned 12.15%/yr vs 20.09%/yr for ROGSX. A 0.79 correlation means they provide meaningful diversification when combined. RIVSX charges 1.18%/yr vs 0.92%/yr for ROGSX.

Performance

RIVSX vs. ROGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in River Oak Discovery Fund (RIVSX) and Red Oak Technology Select Fund (ROGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIVSX achieves a 31.64% return, which is significantly higher than ROGSX's 20.86% return. Over the past 10 years, RIVSX has underperformed ROGSX with an annualized return of 12.15%, while ROGSX has yielded a comparatively higher 20.09% annualized return.

RIVSX

• 1D: -0.89%
• 1M: 4.77%
• YTD: 31.64%
• 6M: 31.28%
• 1Y: 53.01%
• 3Y*: 17.26%
• 5Y*: 8.88%
• 10Y*: 12.15%

ROGSX

• 1D: -0.44%
• 1M: 9.41%
• YTD: 20.86%
• 6M: 19.46%
• 1Y: 45.94%
• 3Y*: 29.76%
• 5Y*: 16.48%
• 10Y*: 20.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RIVSX vs. ROGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIVSX River Oak Discovery Fund	31.64%	9.11%	4.42%	8.18%	-14.53%	24.78%	29.00%	30.36%	-13.72%	11.33%
ROGSX Red Oak Technology Select Fund	20.86%	23.37%	24.87%	47.75%	-31.18%	25.16%	26.37%	34.36%	1.63%	31.10%

Correlation

The correlation between RIVSX and ROGSX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.79

The correlation between RIVSX and ROGSX shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RIVSX vs. ROGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RIVSX

RIVSX Risk / Return Rank: 87
RIVSX Sharpe Ratio Rank: 88
RIVSX Sortino Ratio Rank: 82
RIVSX Omega Ratio Rank: 75
RIVSX Calmar Ratio Rank: 95
RIVSX Martin Ratio Rank: 94

ROGSX

ROGSX Risk / Return Rank: 65
ROGSX Sharpe Ratio Rank: 78
ROGSX Sortino Ratio Rank: 59
ROGSX Omega Ratio Rank: 60
ROGSX Calmar Ratio Rank: 72
ROGSX Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RIVSX vs. ROGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for River Oak Discovery Fund (RIVSX) and Red Oak Technology Select Fund (ROGSX). 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.

	RIVSX	ROGSX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.58	+0.30
Sortino ratio: Return per unit of downside risk	3.92	3.22	+0.70
Omega ratio: Gain probability vs. loss probability	1.49	1.43	+0.06
Calmar ratio: Return relative to maximum drawdown	5.90	3.27	+2.63
Martin ratio: Return relative to average drawdown	20.86	11.38	+9.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIVSX vs. ROGSX - Sharpe Ratio Comparison

The current RIVSX Sharpe Ratio is 2.88, which is comparable to the ROGSX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of RIVSX and ROGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RIVSX	ROGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.58	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.72	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.90	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.29	+0.09

Drawdowns

RIVSX vs. ROGSX - Drawdown Comparison

The maximum RIVSX drawdown since its inception was -60.61%, smaller than the maximum ROGSX drawdown of -92.96%. Use the drawdown chart below to compare losses from any high point for RIVSX and ROGSX.

Drawdown Indicators

	RIVSX	ROGSX	Difference
Max Drawdown Largest peak-to-trough decline	-60.61%	-92.96%	+32.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-14.51%	+5.40%
Max Drawdown (3Y) Largest decline over 3 years	-24.52%	-24.76%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.75%	-36.03%	+10.28%
Max Drawdown (10Y) Largest decline over 10 years	-41.45%	-36.03%	-5.42%
Current Drawdown Current decline from peak	-0.89%	-0.44%	-0.45%
Average Drawdown Average peak-to-trough decline	-10.49%	-51.61%	+41.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	4.16%	-1.59%

Volatility

RIVSX vs. ROGSX - Volatility Comparison

River Oak Discovery Fund (RIVSX) has a higher volatility of 5.47% compared to Red Oak Technology Select Fund (ROGSX) at 4.80%. This indicates that RIVSX's price experiences larger fluctuations and is considered to be riskier than ROGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIVSX	ROGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	4.80%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	13.95%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	18.40%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	22.90%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	22.45%	-0.53%

RIVSX vs. ROGSX - Expense Ratio Comparison

RIVSX has a 1.18% expense ratio, which is higher than ROGSX's 0.92% expense ratio.

Dividends

RIVSX vs. ROGSX - Dividend Comparison

RIVSX's dividend yield for the trailing twelve months is around 0.22%, less than ROGSX's 5.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIVSX River Oak Discovery Fund	0.22%	0.29%	0.00%	0.00%	0.15%	16.84%	14.54%	3.81%	17.54%	5.48%	0.00%	0.11%
ROGSX Red Oak Technology Select Fund	5.40%	6.53%	4.38%	4.24%	5.12%	10.80%	4.52%	2.67%	5.26%	6.93%	1.49%	4.45%

Frequently Asked Questions

Can I hold both RIVSX and ROGSX in my portfolio?

RIVSX and ROGSX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIVSX or ROGSX?

RIVSX has higher volatility (5.47%) compared to ROGSX (4.80%). In terms of maximum drawdown, RIVSX dropped -60.61% vs ROGSX's -92.96%.

Which has better risk-adjusted returns?

RIVSX currently has the higher Sharpe Ratio (2.88 vs 2.58), 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.