RLSIX vs. PWLIX
RLSIX (RiverPark Long/Short Opportunity Fund) and PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) are both Long-Short funds. Over the past 10 years, RLSIX returned 6.42%/yr vs 4.88%/yr for PWLIX. Their -0.03 correlation means they have often moved in opposite directions in the past. RLSIX charges 1.75%/yr vs 1.19%/yr for PWLIX.
Performance
RLSIX vs. PWLIX - 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 PWLIX's 7.50% return. Over the past 10 years, RLSIX has outperformed PWLIX with an annualized return of 6.42%, while PWLIX has yielded a comparatively lower 4.88% 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%
PWLIX
- 1D
- -1.02%
- 1M
- 6.29%
- 6M
- 4.38%
- YTD
- 7.50%
- 1Y
- 7.60%
- 3Y*
- 6.70%
- 5Y*
- 5.92%
- 10Y*
- 4.88%
- ALL TIME*
- 4.63%
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. PWLIX - 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% |
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 7.50% | 4.64% | 4.65% | 4.04% | 4.33% | 15.15% | -12.66% | 9.60% | 0.49% | 11.80% |
Correlation
The correlation between RLSIX and PWLIX is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | -0.03 |
Over the past year, the inverse relationship between RLSIX and PWLIX has strengthened: their correlation has moved from -0.03 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
RLSIX vs. PWLIX — Risk / Return Rank
RLSIX
PWLIX
RLSIX vs. PWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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 | PWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.16 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.84 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.05 | 1.99 | -2.04 |
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Drawdowns
RLSIX vs. PWLIX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than PWLIX's maximum drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for RLSIX and PWLIX.
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Drawdown Indicators
| RLSIX | PWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -26.92% | -33.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -10.30% | -4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -11.74% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -11.74% | -49.08% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -26.92% | -33.90% |
Current DrawdownCurrent decline from peak | -28.20% | -1.84% | -26.36% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -4.22% | -11.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 4.35% | +1.07% |
Volatility
RLSIX vs. PWLIX - Volatility Comparison
The current volatility for RiverPark Long/Short Opportunity Fund (RLSIX) is 3.43%, while PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) has a volatility of 4.64%. This indicates that RLSIX experiences smaller price fluctuations and is considered to be less risky than PWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLSIX | PWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 4.64% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 8.36% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 10.13% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 9.32% | +15.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 9.15% | +12.41% |
RLSIX vs. PWLIX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than PWLIX's 1.19% expense ratio.
Dividends
RLSIX vs. PWLIX - Dividend Comparison
RLSIX has not paid dividends to shareholders, while PWLIX's dividend yield for the trailing twelve months is around 4.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 4.58% | 6.65% | 4.75% | 5.51% | 14.75% | 11.99% | 7.31% | 6.79% | 0.39% | 10.82% | 4.16% | 3.61% |
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 PWLIX have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWLIX has higher volatility (4.64%) compared to RLSIX (3.43%). In terms of maximum drawdown, RLSIX dropped -60.82% vs PWLIX's -26.92%.
PWLIX currently has the higher Sharpe Ratio (0.86 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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