RLSIX vs. VMNIX
RLSIX (RiverPark Long/Short Opportunity Fund) and VMNIX (Vanguard Market Neutral Fund Institutional Shares) are both Long-Short funds. Over the past 10 years, RLSIX returned 6.42%/yr vs 5.48%/yr for VMNIX. Their -0.02 correlation means they have often moved in opposite directions in the past. RLSIX charges 1.75%/yr vs 1.25%/yr for VMNIX.
Performance
RLSIX vs. VMNIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RLSIX achieves a -3.17% return, which is significantly lower than VMNIX's 16.69% return. Over the past 10 years, RLSIX has outperformed VMNIX with an annualized return of 6.42%, while VMNIX has yielded a comparatively lower 5.48% 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%
VMNIX
- 1D
- 0.50%
- 1M
- 3.24%
- 6M
- 17.36%
- YTD
- 16.69%
- 1Y
- 25.36%
- 3Y*
- 14.43%
- 5Y*
- 14.18%
- 10Y*
- 5.48%
- ALL TIME*
- 2.84%
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. VMNIX - 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% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 16.69% | 9.36% | 5.84% | 12.33% | 13.47% | 23.39% | -11.58% | -9.48% | 0.66% | -4.83% |
Correlation
The correlation between RLSIX and VMNIX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | -0.02 |
The correlation between RLSIX and VMNIX shifts across timeframes, from -0.12 (5 years) to 0.01 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RLSIX vs. VMNIX — Risk / Return Rank
RLSIX
VMNIX
RLSIX vs. VMNIX - 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 Institutional Shares (VMNIX). 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 | VMNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.38 | ||
| Sortino ratioReturn per unit of downside risk | -5.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.64 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 5.54 | -5.56 |
| Martin ratioReturn relative to average drawdown | -0.05 | 18.33 | -18.38 |
Loading charts...
Drawdowns
RLSIX vs. VMNIX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than VMNIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for RLSIX and VMNIX.
Loading charts...
Drawdown Indicators
| RLSIX | VMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -27.90% | -32.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -4.65% | -9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -5.36% | -12.26% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -6.69% | -54.13% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -24.95% | -35.87% |
Current DrawdownCurrent decline from peak | -28.20% | 0.00% | -28.20% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -8.71% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 1.40% | +4.02% |
Volatility
RLSIX vs. VMNIX - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.43% compared to Vanguard Market Neutral Fund Institutional Shares (VMNIX) at 1.89%. This indicates that RLSIX's price experiences larger fluctuations and is considered to be riskier than VMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RLSIX | VMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.89% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 5.32% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 7.67% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 7.25% | +17.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 6.45% | +15.11% |
RLSIX vs. VMNIX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is higher than VMNIX's 1.25% expense ratio.
Dividends
RLSIX vs. VMNIX - Dividend Comparison
RLSIX has not paid dividends to shareholders, while VMNIX's dividend yield for the trailing twelve months is around 3.06%.
| Position | 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% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 3.06% | 3.59% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
Frequently Asked Questions
RLSIX and VMNIX have a correlation of -0.01, 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 VMNIX (1.89%). In terms of maximum drawdown, RLSIX dropped -60.82% vs VMNIX's -27.90%.
VMNIX currently has the higher Sharpe Ratio (3.36 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.
Find the right allocation for RLSIX and VMNIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer