RNHIX vs. RNSIX
RNHIX (RiverNorth/Oaktree High Income Fund) and RNSIX (RiverNorth Doubleline Strategic Income Fund) are both mutual funds - RNHIX is a High Yield Bonds fund managed by RiverNorth Funds, while RNSIX is a Multisector Bonds fund managed by RiverNorth Funds. Over the past 10 years, RNHIX returned 4.75%/yr vs 3.78%/yr for RNSIX. A 0.55 correlation means they provide meaningful diversification when combined. RNHIX charges 1.81%/yr vs 0.87%/yr for RNSIX.
Performance
RNHIX vs. RNSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RNHIX achieves a 1.19% return, which is significantly higher than RNSIX's 0.78% return. Over the past 10 years, RNHIX has outperformed RNSIX with an annualized return of 4.75%, while RNSIX has yielded a comparatively lower 3.78% annualized return.
RNHIX
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 1.19%
- 6M
- 1.57%
- 1Y
- 5.46%
- 3Y*
- 7.59%
- 5Y*
- 4.38%
- 10Y*
- 4.75%
RNSIX
- 1D
- 0.23%
- 1M
- 0.66%
- YTD
- 0.78%
- 6M
- 1.10%
- 1Y
- 5.40%
- 3Y*
- 7.15%
- 5Y*
- 2.28%
- 10Y*
- 3.78%
RNHIX vs. RNSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNHIX RiverNorth/Oaktree High Income Fund | 1.19% | 6.93% | 7.40% | 12.31% | -6.60% | 3.97% | 2.90% | 11.17% | -2.22% | 5.48% |
RNSIX RiverNorth Doubleline Strategic Income Fund | 0.78% | 7.59% | 7.29% | 9.18% | -12.68% | 3.66% | 6.03% | 11.96% | -1.28% | 4.23% |
Correlation
The correlation between RNHIX and RNSIX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.55 |
The correlation between RNHIX and RNSIX has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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
RNHIX vs. RNSIX — Risk / Return Rank
RNHIX
RNSIX
RNHIX vs. RNSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) and RiverNorth Doubleline Strategic Income Fund (RNSIX). 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.
| RNHIX | RNSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.70 | -0.50 |
| Martin ratioReturn relative to average drawdown | 9.90 | 9.39 | +0.51 |
Loading charts...
Drawdowns
RNHIX vs. RNSIX - Drawdown Comparison
The maximum RNHIX drawdown since its inception was -22.43%, which is greater than RNSIX's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for RNHIX and RNSIX.
Loading charts...
Drawdown Indicators
| RNHIX | RNSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -16.08% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.05% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -5.14% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -10.62% | -16.08% | +5.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -16.08% | -6.35% |
Current DrawdownCurrent decline from peak | -0.23% | -0.33% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -2.07% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.59% | -0.04% |
Volatility
RNHIX vs. RNSIX - Volatility Comparison
RiverNorth/Oaktree High Income Fund (RNHIX) and RiverNorth Doubleline Strategic Income Fund (RNSIX) have volatilities of 0.85% and 0.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RNHIX | RNSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.89% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 2.08% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 2.79% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 4.45% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.49% | +0.34% |
RNHIX vs. RNSIX - Expense Ratio Comparison
RNHIX has a 1.81% expense ratio, which is higher than RNSIX's 0.87% expense ratio.
Dividends
RNHIX vs. RNSIX - Dividend Comparison
RNHIX's dividend yield for the trailing twelve months is around 7.39%, more than RNSIX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNHIX RiverNorth/Oaktree High Income Fund | 7.39% | 7.30% | 6.92% | 6.04% | 6.49% | 3.58% | 3.81% | 5.08% | 4.79% | 3.79% | 4.93% | 5.92% |
RNSIX RiverNorth Doubleline Strategic Income Fund | 6.63% | 6.52% | 6.37% | 5.13% | 8.40% | 4.20% | 4.34% | 5.17% | 5.45% | 5.08% | 5.22% | 5.83% |
Frequently Asked Questions
RNHIX and RNSIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNSIX has higher volatility (0.89%) compared to RNHIX (0.85%). In terms of maximum drawdown, RNHIX dropped -22.43% vs RNSIX's -16.08%.
RNHIX currently has the higher Sharpe Ratio (1.99 vs 1.99), 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 RNHIX and RNSIX
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