RNHIX vs. FQTIX
Compare and contrast key facts about RiverNorth/Oaktree High Income Fund (RNHIX) and Franklin Templeton SMACS: Series I (FQTIX).
RNHIX is managed by RiverNorth Funds. It was launched on Dec 28, 2012. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
RNHIX vs. FQTIX - Performance Comparison
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RNHIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RNHIX RiverNorth/Oaktree High Income Fund | -1.66% | 6.93% | 7.40% | 12.31% | -6.60% | 3.97% | 2.90% | 4.69% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, RNHIX achieves a -1.66% return, which is significantly lower than FQTIX's 0.52% return.
RNHIX
- 1D
- 0.13%
- 1M
- -2.06%
- YTD
- -1.66%
- 6M
- -0.53%
- 1Y
- 4.69%
- 3Y*
- 7.13%
- 5Y*
- 4.06%
- 10Y*
- 4.84%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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RNHIX vs. FQTIX - Expense Ratio Comparison
RNHIX has a 1.81% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
RNHIX vs. FQTIX — Risk / Return Rank
RNHIX
FQTIX
RNHIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| RNHIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 2.55 | -1.09 |
Sortino ratioReturn per unit of downside risk | 1.96 | 3.46 | -1.50 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.61 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.85 | -2.31 |
Martin ratioReturn relative to average drawdown | 6.40 | 17.15 | -10.75 |
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
| RNHIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.55 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.61 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.55 | +0.37 |
Correlation
The correlation between RNHIX and FQTIX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RNHIX vs. FQTIX - Dividend Comparison
RNHIX's dividend yield for the trailing twelve months is around 7.53%, more than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNHIX RiverNorth/Oaktree High Income Fund | 7.53% | 7.30% | 6.92% | 6.04% | 6.49% | 3.58% | 3.81% | 5.08% | 4.79% | 3.79% | 4.93% | 5.92% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RNHIX vs. FQTIX - Drawdown Comparison
The maximum RNHIX drawdown since its inception was -22.43%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for RNHIX and FQTIX.
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Drawdown Indicators
| RNHIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -24.62% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.41% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -10.62% | -18.81% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.95% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -4.42% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.54% | +0.12% |
Volatility
RNHIX vs. FQTIX - Volatility Comparison
The current volatility for RiverNorth/Oaktree High Income Fund (RNHIX) is 1.35%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that RNHIX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNHIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.57% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 2.38% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 3.85% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 5.92% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 7.80% | -2.98% |