RLSIX vs. LSEIX
RLSIX (RiverPark Long/Short Opportunity Fund) and LSEIX (Persimmon Long/Short Fund) are both Long-Short funds. Over the past 10 years, RLSIX returned 6.42%/yr vs 7.46%/yr for LSEIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. RLSIX charges 1.75%/yr vs 1.91%/yr for LSEIX.
Performance
RLSIX vs. LSEIX - 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 LSEIX's 9.57% return. Over the past 10 years, RLSIX has underperformed LSEIX with an annualized return of 6.42%, while LSEIX has yielded a comparatively higher 7.46% 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%
LSEIX
- 1D
- 1.28%
- 1M
- 1.12%
- 6M
- 6.92%
- YTD
- 9.57%
- 1Y
- 19.12%
- 3Y*
- 15.04%
- 5Y*
- 9.63%
- 10Y*
- 7.46%
- ALL TIME*
- 6.30%
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. LSEIX - 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% |
LSEIX Persimmon Long/Short Fund | 9.57% | 12.02% | 17.36% | 15.70% | -9.95% | 14.67% | 8.13% | 5.28% | -6.10% | 13.39% |
Correlation
The correlation between RLSIX and LSEIX is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.71 |
The correlation between RLSIX and LSEIX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
RLSIX vs. LSEIX — Risk / Return Rank
RLSIX
LSEIX
RLSIX vs. LSEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and Persimmon Long/Short Fund (LSEIX). 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 | LSEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.24 | -4.26 |
| Martin ratioReturn relative to average drawdown | -0.05 | 16.83 | -16.88 |
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Drawdowns
RLSIX vs. LSEIX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than LSEIX's maximum drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for RLSIX and LSEIX.
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Drawdown Indicators
| RLSIX | LSEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -19.92% | -40.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -3.90% | -10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -13.63% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -13.63% | -47.19% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -19.92% | -40.90% |
Current DrawdownCurrent decline from peak | -28.20% | 0.00% | -28.20% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -4.00% | -11.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 1.00% | +4.42% |
Volatility
RLSIX vs. LSEIX - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.43% compared to Persimmon Long/Short Fund (LSEIX) at 1.95%. This indicates that RLSIX's price experiences larger fluctuations and is considered to be riskier than LSEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLSIX | LSEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.95% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 5.67% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 8.76% | +3.82% |
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% | 10.69% | +10.87% |
RLSIX vs. LSEIX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is lower than LSEIX's 1.91% expense ratio.
Dividends
RLSIX vs. LSEIX - Dividend Comparison
Neither RLSIX nor LSEIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSEIX Persimmon Long/Short Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.23% | 3.49% | 6.18% | 0.00% | 4.88% |
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 LSEIX have a correlation of 0.76, 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 LSEIX (1.95%). In terms of maximum drawdown, RLSIX dropped -60.82% vs LSEIX's -19.92%.
LSEIX currently has the higher Sharpe Ratio (1.89 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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