RNHIX vs. PRCPX
Compare and contrast key facts about RiverNorth/Oaktree High Income Fund (RNHIX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
RNHIX is managed by RiverNorth Funds. It was launched on Dec 28, 2012. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
RNHIX vs. PRCPX - Performance Comparison
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RNHIX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNHIX RiverNorth/Oaktree High Income Fund | -1.66% | 6.93% | 7.40% | 12.31% | -6.60% | 3.97% | 2.90% | 11.17% | -2.22% | 5.48% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, RNHIX achieves a -1.66% return, which is significantly lower than PRCPX's -0.13% return. Over the past 10 years, RNHIX has underperformed PRCPX with an annualized return of 4.84%, while PRCPX has yielded a comparatively higher 6.83% annualized 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%
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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RNHIX vs. PRCPX - Expense Ratio Comparison
RNHIX has a 1.81% expense ratio, which is higher than PRCPX's 0.81% expense ratio.
Return for Risk
RNHIX vs. PRCPX — Risk / Return Rank
RNHIX
PRCPX
RNHIX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 3.47 | -2.01 |
Sortino ratioReturn per unit of downside risk | 1.96 | 5.52 | -3.56 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.93 | -0.62 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 4.53 | -2.99 |
Martin ratioReturn relative to average drawdown | 6.40 | 21.08 | -14.67 |
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
| RNHIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 3.47 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 1.23 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 1.26 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.88 | +0.04 |
Correlation
The correlation between RNHIX and PRCPX is 0.71, 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. PRCPX - Dividend Comparison
RNHIX's dividend yield for the trailing twelve months is around 7.53%, less than PRCPX's 12.89% 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
RNHIX vs. PRCPX - Drawdown Comparison
The maximum RNHIX drawdown since its inception was -22.43%, roughly equal to the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for RNHIX and PRCPX.
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Drawdown Indicators
| RNHIX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -23.07% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.03% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -10.62% | -14.34% | +3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -23.07% | +0.64% |
Current DrawdownCurrent decline from peak | -2.36% | -1.74% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.16% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.65% | +0.01% |
Volatility
RNHIX vs. PRCPX - Volatility Comparison
RiverNorth/Oaktree High Income Fund (RNHIX) has a higher volatility of 1.35% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that RNHIX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNHIX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.10% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 2.52% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 4.11% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 4.79% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 5.45% | -0.63% |