RLSIX vs. AGG
Compare and contrast key facts about RiverPark Long/Short Opportunity Fund (RLSIX) and iShares Core U.S. Aggregate Bond ETF (AGG).
RLSIX is managed by RiverPark Funds. It was launched on Mar 29, 2012. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RLSIX or AGG.
Key characteristics
| RLSIX | AGG | |
|---|---|---|
| YTD Return | 9.37% | 5.19% |
| 1Y Return | 23.57% | 10.75% |
| 3Y Return (Ann) | -13.25% | -1.46% |
| 5Y Return (Ann) | 3.19% | 0.48% |
| 10Y Return (Ann) | 4.80% | 1.93% |
| Sharpe Ratio | 1.82 | 1.60 |
| Daily Std Dev | 12.86% | 6.52% |
| Max Drawdown | -60.82% | -18.43% |
| Current Drawdown | -35.64% | -5.45% |
Correlation
The correlation between RLSIX and AGG is 0.02, 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.
Performance
RLSIX vs. AGG - Performance Comparison
In the year-to-date period, RLSIX achieves a 9.37% return, which is significantly higher than AGG's 5.19% return. Over the past 10 years, RLSIX has outperformed AGG with an annualized return of 4.80%, while AGG has yielded a comparatively lower 1.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RLSIX vs. AGG - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
RLSIX vs. AGG - Risk-Adjusted Performance 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.
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 3.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLSIX RiverPark Long/Short Opportunity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 11.66% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.42% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
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. For additional features, visit the drawdowns tool.
Volatility
RLSIX vs. AGG - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.40% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.28%. 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.