RLSIX vs. VMNFX
Compare and contrast key facts about RiverPark Long/Short Opportunity Fund (RLSIX) and Vanguard Market Neutral Fund Investor Shares (VMNFX).
RLSIX is managed by RiverPark Funds. It was launched on Mar 29, 2012. VMNFX is managed by Vanguard. It was launched on Nov 11, 1998.
Performance
RLSIX vs. VMNFX - Performance Comparison
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RLSIX vs. VMNFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLSIX RiverPark Long/Short Opportunity Fund | -12.16% | 8.57% | 16.06% | 43.85% | -53.89% | 2.10% | 54.74% | 20.00% | -2.20% | 22.10% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 6.09% | 9.27% | 5.78% | 12.23% | 13.48% | 23.24% | -11.58% | -9.57% | 0.60% | -4.89% |
Returns By Period
In the year-to-date period, RLSIX achieves a -12.16% return, which is significantly lower than VMNFX's 6.09% return. Over the past 10 years, RLSIX has outperformed VMNFX with an annualized return of 5.37%, while VMNFX has yielded a comparatively lower 3.99% annualized return.
RLSIX
- 1D
- 0.15%
- 1M
- -6.41%
- YTD
- -12.16%
- 6M
- -12.05%
- 1Y
- 1.19%
- 3Y*
- 11.41%
- 5Y*
- -5.17%
- 10Y*
- 5.37%
VMNFX
- 1D
- 0.07%
- 1M
- 2.92%
- YTD
- 6.09%
- 6M
- 8.13%
- 1Y
- 15.97%
- 3Y*
- 11.71%
- 5Y*
- 12.45%
- 10Y*
- 3.99%
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RLSIX vs. VMNFX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than VMNFX's 1.31% expense ratio.
Return for Risk
RLSIX vs. VMNFX — Risk / Return Rank
RLSIX
VMNFX
RLSIX vs. VMNFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and Vanguard Market Neutral Fund Investor Shares (VMNFX). 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.
| RLSIX | VMNFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 2.17 | -2.09 |
Sortino ratioReturn per unit of downside risk | 0.24 | 3.22 | -2.98 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.40 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.36 | -3.41 |
Martin ratioReturn relative to average drawdown | -0.17 | 9.51 | -9.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RLSIX | VMNFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.17 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 1.74 | -1.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.63 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.31 | +0.03 |
Correlation
The correlation between RLSIX and VMNFX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
RLSIX vs. VMNFX - Dividend Comparison
RLSIX has not paid dividends to shareholders, while VMNFX's dividend yield for the trailing twelve months is around 3.31%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 3.31% | 3.53% | 5.61% | 5.09% | 0.75% | 0.16% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% |
Drawdowns
RLSIX vs. VMNFX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than VMNFX's maximum drawdown of -26.42%. Use the drawdown chart below to compare losses from any high point for RLSIX and VMNFX.
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Drawdown Indicators
| RLSIX | VMNFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -26.42% | -34.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -4.93% | -9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -6.75% | -54.07% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -25.09% | -35.73% |
Current DrawdownCurrent decline from peak | -34.87% | 0.00% | -34.87% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -8.81% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 1.74% | +2.62% |
Volatility
RLSIX vs. VMNFX - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.92% compared to Vanguard Market Neutral Fund Investor Shares (VMNFX) at 1.59%. This indicates that RLSIX's price experiences larger fluctuations and is considered to be riskier than VMNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLSIX | VMNFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 1.59% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 5.81% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 7.64% | +8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 7.18% | +18.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 6.34% | +15.18% |