RLSIX vs. GTAPX
RLSIX (RiverPark Long/Short Opportunity Fund) and GTAPX (Quantitative U.S. Long/Short Equity Portfolio) are both Long-Short funds. Over the past 10 years, RLSIX returned 6.42%/yr vs 6.13%/yr for GTAPX. Their 0.34 correlation means their historical movements had little consistent relationship. RLSIX charges 1.75%/yr vs 1.25%/yr for GTAPX.
Performance
RLSIX vs. GTAPX - 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 GTAPX's 9.72% return. Both investments have delivered pretty close results over the past 10 years, with RLSIX having a 6.42% annualized return and GTAPX not far behind at 6.13%.
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%
GTAPX
- 1D
- 0.21%
- 1M
- 5.25%
- 6M
- 7.39%
- YTD
- 9.72%
- 1Y
- 18.62%
- 3Y*
- 11.96%
- 5Y*
- 9.97%
- 10Y*
- 6.13%
- ALL TIME*
- 4.00%
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. GTAPX - 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% |
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 9.72% | 12.79% | 13.28% | 4.42% | 3.16% | 17.72% | -5.16% | 3.26% | -8.65% | 8.74% |
Correlation
The correlation between RLSIX and GTAPX 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. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.34 |
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Return for Risk
RLSIX vs. GTAPX — Risk / Return Rank
RLSIX
GTAPX
RLSIX vs. GTAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). 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 | GTAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.50 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 6.37 | -6.38 |
| Martin ratioReturn relative to average drawdown | -0.05 | 20.02 | -20.07 |
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Drawdowns
RLSIX vs. GTAPX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than GTAPX's maximum drawdown of -30.40%. Use the drawdown chart below to compare losses from any high point for RLSIX and GTAPX.
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Drawdown Indicators
| RLSIX | GTAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -30.40% | -30.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -3.01% | -11.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -12.21% | -5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -12.21% | -48.61% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -30.40% | -30.42% |
Current DrawdownCurrent decline from peak | -28.20% | 0.00% | -28.20% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -6.98% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 0.95% | +4.47% |
Volatility
RLSIX vs. GTAPX - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.43% compared to Quantitative U.S. Long/Short Equity Portfolio (GTAPX) at 2.03%. This indicates that RLSIX's price experiences larger fluctuations and is considered to be riskier than GTAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLSIX | GTAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 2.03% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 5.42% | +4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 6.96% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 10.89% | +14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 10.24% | +11.32% |
RLSIX vs. GTAPX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than GTAPX's 1.25% expense ratio.
Dividends
RLSIX vs. GTAPX - Dividend Comparison
RLSIX has not paid dividends to shareholders, while GTAPX's dividend yield for the trailing twelve months is around 14.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 14.99% | 16.63% | 11.79% | 11.23% | 0.00% | 0.00% | 0.00% | 0.96% | 0.00% | 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 GTAPX 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 GTAPX (2.03%). In terms of maximum drawdown, RLSIX dropped -60.82% vs GTAPX's -30.40%.
GTAPX currently has the higher Sharpe Ratio (2.75 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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