RLSIX vs. ADOIX
RLSIX (RiverPark Long/Short Opportunity Fund) and ADOIX (ACM Dynamic Opportunity Fund) are both Long-Short funds. Over the past 10 years, RLSIX returned 6.42%/yr vs 8.88%/yr for ADOIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. RLSIX charges 1.75%/yr vs 1.72%/yr for ADOIX.
Performance
RLSIX vs. ADOIX - Performance Comparison
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Returns By Period
In the year-to-date period, RLSIX achieves a -3.17% return, which is significantly lower than ADOIX's 5.32% return. Over the past 10 years, RLSIX has underperformed ADOIX with an annualized return of 6.42%, while ADOIX has yielded a comparatively higher 8.88% annualized return.
RLSIX
- 1D
- 1.35%
- 1M
- -1.19%
- 6M
- -1.12%
- YTD
- -3.17%
- 1Y
- 1.49%
- 3Y*
- 9.67%
- 5Y*
- -5.72%
- 10Y*
- 6.42%
- ALL TIME*
- 6.30%
ADOIX
- 1D
- 2.32%
- 1M
- -4.94%
- 6M
- 4.70%
- YTD
- 5.32%
- 1Y
- 10.41%
- 3Y*
- 21.81%
- 5Y*
- 9.50%
- 10Y*
- 8.88%
- ALL TIME*
- 8.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RLSIX vs. ADOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLSIX RiverPark Long/Short Opportunity Fund | -3.17% | 8.57% | 16.06% | 43.85% | -53.89% | 2.10% | 54.74% | 20.00% | -2.20% | 22.10% |
ADOIX ACM Dynamic Opportunity Fund | 5.32% | 10.02% | 54.06% | 6.71% | -12.83% | 0.94% | 22.46% | 2.36% | -0.97% | 17.86% |
Correlation
The correlation between RLSIX and ADOIX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.74 |
The correlation between RLSIX and ADOIX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
RLSIX vs. ADOIX — Risk / Return Rank
RLSIX
ADOIX
RLSIX vs. ADOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and ACM Dynamic Opportunity Fund (ADOIX). 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.
| RLSIX | ADOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.82 | -0.84 |
| Martin ratioReturn relative to average drawdown | -0.05 | 2.33 | -2.38 |
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Drawdowns
RLSIX vs. ADOIX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than ADOIX's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for RLSIX and ADOIX.
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Drawdown Indicators
| RLSIX | ADOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -21.99% | -38.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -10.49% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -14.75% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -21.61% | -39.21% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -21.99% | -38.83% |
Current DrawdownCurrent decline from peak | -28.20% | -8.41% | -19.79% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -5.97% | -9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 3.69% | +1.73% |
Volatility
RLSIX vs. ADOIX - Volatility Comparison
The current volatility for RiverPark Long/Short Opportunity Fund (RLSIX) is 3.43%, while ACM Dynamic Opportunity Fund (ADOIX) has a volatility of 6.73%. This indicates that RLSIX experiences smaller price fluctuations and is considered to be less risky than ADOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLSIX | ADOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 6.73% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 13.54% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 15.88% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 17.09% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 14.20% | +7.36% |
RLSIX vs. ADOIX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than ADOIX's 1.72% expense ratio.
Dividends
RLSIX vs. ADOIX - Dividend Comparison
RLSIX has not paid dividends to shareholders, while ADOIX's dividend yield for the trailing twelve months is around 2.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ADOIX ACM Dynamic Opportunity Fund | 2.72% | 2.86% | 44.03% | 1.32% | 6.56% | 2.40% | 4.34% | 0.35% | 1.00% | 0.00% |
RLSIX RiverPark Long/Short Opportunity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 11.66% | 1.26% |
Frequently Asked Questions
RLSIX and ADOIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADOIX has higher volatility (6.73%) compared to RLSIX (3.43%). In terms of maximum drawdown, RLSIX dropped -60.82% vs ADOIX's -21.99%.
ADOIX currently has the higher Sharpe Ratio (0.54 vs -0.02), 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.
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