RLSIX vs. AGG
RLSIX (RiverPark Long/Short Opportunity Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - RLSIX is a Long-Short fund managed by RiverPark Funds, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, RLSIX returned 6.42%/yr vs 1.37%/yr for AGG. Their 0.03 correlation means their historical movements had little consistent relationship. RLSIX charges 1.75%/yr vs 0.03%/yr for AGG.
Performance
RLSIX vs. AGG - 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 AGG's -0.56% return. Over the past 10 years, RLSIX has outperformed AGG with an annualized return of 6.42%, while AGG has yielded a comparatively lower 1.37% 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%
AGG
- 1D
- -0.26%
- 1M
- -1.26%
- 6M
- -0.81%
- YTD
- -0.56%
- 1Y
- 1.83%
- 3Y*
- 3.95%
- 5Y*
- -0.40%
- 10Y*
- 1.37%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $763.20M | $778.44M | $807.34M | |
| $0.00 | $0.00 | $0.00 |
RLSIX vs. AGG - 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% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.56% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between RLSIX and AGG is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.03 |
Over the past year, RLSIX and AGG have become more correlated (0.28) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
RLSIX vs. AGG — Risk / Return Rank
RLSIX
AGG
RLSIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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 | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.12 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.99 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.05 | 2.49 | -2.54 |
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Drawdowns
RLSIX vs. AGG - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for RLSIX and AGG.
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Drawdown Indicators
| RLSIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -18.43% | -42.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -2.76% | -11.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -4.98% | -12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -17.82% | -43.00% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -18.43% | -42.39% |
Current DrawdownCurrent decline from peak | -28.20% | -2.94% | -25.26% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -2.70% | -12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 1.09% | +4.33% |
Volatility
RLSIX vs. AGG - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.43% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.03%. This indicates that RLSIX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLSIX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.03% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 2.98% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 3.78% | +8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 6.10% | +18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 5.41% | +16.15% |
RLSIX vs. AGG - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
RLSIX vs. AGG - Dividend Comparison
RLSIX has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 4.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
RLSIX and AGG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLSIX has higher volatility (3.43%) compared to AGG (1.03%). In terms of maximum drawdown, RLSIX dropped -60.82% vs AGG's -18.43%.
AGG currently has the higher Sharpe Ratio (0.72 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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