RLIIX vs. JCRAX

Last updated Aug 1, 2026

RLIIX (RiverFront Asset Allocation Growth & Income) and JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) are both mutual funds - RLIIX is a Diversified Portfolio fund managed by ALPS, while JCRAX is a Commodities fund managed by ALPS. Over the past 10 years, RLIIX returned 6.90%/yr vs 8.27%/yr for JCRAX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. RLIIX charges 0.25%/yr vs 1.36%/yr for JCRAX.

Performance

RLIIX vs. JCRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverFront Asset Allocation Growth & Income (RLIIX) and ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RLIIX achieves a 8.09% return, which is significantly lower than JCRAX's 18.77% return. Over the past 10 years, RLIIX has underperformed JCRAX with an annualized return of 6.90%, while JCRAX has yielded a comparatively higher 8.27% annualized return.

RLIIX

• 1D: 1.02%
• 1M: 0.25%
• 6M: 5.46%
• YTD: 8.09%
• 1Y: 16.89%
• 3Y*: 11.32%
• 5Y*: 5.75%
• 10Y*: 6.90%
• ALL TIME*: 6.28%

JCRAX

• 1D: 0.73%
• 1M: 5.83%
• 6M: 7.37%
• YTD: 18.77%
• 1Y: 38.22%
• 3Y*: 12.73%
• 5Y*: 10.66%
• 10Y*: 8.27%
• ALL TIME*: 3.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	$0.00	$0.00	$0.00
RLIIX RiverFront Asset Allocation Growth & Income	$0.00	$0.00	$0.00

RLIIX vs. JCRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RLIIX RiverFront Asset Allocation Growth & Income	8.09%	13.74%	8.77%	13.37%	-14.99%	13.57%	7.10%	18.51%	-11.07%	15.00%
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	18.77%	25.30%	1.32%	-7.37%	12.82%	29.21%	2.15%	11.00%	-14.54%	4.58%

Correlation

The correlation between RLIIX and JCRAX is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.37
Correlation (10Y) Provides a long-term view across more market conditions.	0.45
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.50

Over the past year, the correlation between RLIIX and JCRAX has dropped to 0.22 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

RLIIX vs. JCRAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RLIIX

RLIIX Risk / Return Rank: 76
RLIIX Sharpe Ratio Rank: 75
RLIIX Sortino Ratio Rank: 73
RLIIX Omega Ratio Rank: 72
RLIIX Calmar Ratio Rank: 76
RLIIX Martin Ratio Rank: 84

JCRAX

JCRAX Risk / Return Rank: 82
JCRAX Sharpe Ratio Rank: 92
JCRAX Sortino Ratio Rank: 84
JCRAX Omega Ratio Rank: 83
JCRAX Calmar Ratio Rank: 81
JCRAX Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RLIIX vs. JCRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverFront Asset Allocation Growth & Income (RLIIX) and ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RLIIX	JCRAX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.39	-0.62
Sortino ratio: Return per unit of downside risk	2.50	3.03	-0.52
Omega ratio: Gain probability vs. loss probability	1.32	1.40	-0.08
Calmar ratio: Return relative to maximum drawdown	2.49	2.72	-0.23
Martin ratio: Return relative to average drawdown	10.67	9.01	+1.65

RLIIX vs. JCRAX - Sharpe Ratio Comparison

The current RLIIX Sharpe Ratio is 1.77, which is comparable to the JCRAX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of RLIIX and JCRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RLIIX vs. JCRAX - Drawdown Comparison

The maximum RLIIX drawdown since its inception was -27.35%, smaller than the maximum JCRAX drawdown of -62.03%. Use the drawdown chart below to compare losses from any high point for RLIIX and JCRAX.

Drawdown Indicators

	RLIIX	JCRAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.35%	-62.03%	+34.68%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-13.01%	+6.58%
Max Drawdown (3Y) Largest decline over 3 years	-12.90%	-13.01%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.19%	-26.60%	+5.41%
Max Drawdown (10Y) Largest decline over 10 years	-27.35%	-43.14%	+15.79%
Current Drawdown Current decline from peak	-0.13%	-7.32%	+7.19%
Average Drawdown Average peak-to-trough decline	-4.56%	-26.21%	+21.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	3.92%	-2.42%

Volatility

RLIIX vs. JCRAX - Volatility Comparison

The current volatility for RiverFront Asset Allocation Growth & Income (RLIIX) is 2.07%, while ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) has a volatility of 4.07%. This indicates that RLIIX experiences smaller price fluctuations and is considered to be less risky than JCRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RLIIX	JCRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.07%	4.07%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	11.68%	-4.51%
Volatility (1Y) Calculated over the trailing 1-year period	9.04%	14.83%	-5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.83%	20.67%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	18.08%	-6.14%

RLIIX vs. JCRAX - Expense Ratio Comparison

RLIIX has a 0.25% expense ratio, which is lower than JCRAX's 1.36% expense ratio.

Dividends

RLIIX vs. JCRAX - Dividend Comparison

RLIIX's dividend yield for the trailing twelve months is around 5.76%, less than JCRAX's 7.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	7.41%	8.80%	2.80%	3.29%	7.08%	22.43%	0.29%	0.90%	3.26%	2.44%	0.05%	0.00%
RLIIX RiverFront Asset Allocation Growth & Income	5.76%	6.23%	1.29%	2.29%	6.66%	1.40%	1.42%	2.07%	18.88%	1.37%	1.66%	3.72%

Frequently Asked Questions

Can I hold both RLIIX and JCRAX in my portfolio?

RLIIX and JCRAX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RLIIX or JCRAX?

JCRAX has higher volatility (4.07%) compared to RLIIX (2.07%). In terms of maximum drawdown, RLIIX dropped -27.35% vs JCRAX's -62.03%.

Which has better risk-adjusted returns?

JCRAX currently has the higher Sharpe Ratio (2.39 vs 1.77), 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.