RNHIX vs. VWEHX
RNHIX (RiverNorth/Oaktree High Income Fund) and VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) are both High Yield Bonds funds. Over the past 10 years, RNHIX returned 4.79%/yr vs 5.15%/yr for VWEHX. A 0.71 correlation means they provide meaningful diversification when combined. RNHIX charges 1.81%/yr vs 0.22%/yr for VWEHX.
Performance
RNHIX vs. VWEHX - Performance Comparison
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Returns By Period
In the year-to-date period, RNHIX achieves a 1.19% return, which is significantly higher than VWEHX's 0.79% return. Over the past 10 years, RNHIX has underperformed VWEHX with an annualized return of 4.79%, while VWEHX has yielded a comparatively higher 5.15% annualized return.
RNHIX
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 1.19%
- 6M
- 1.46%
- 1Y
- 5.22%
- 3Y*
- 7.71%
- 5Y*
- 4.36%
- 10Y*
- 4.79%
VWEHX
- 1D
- -0.18%
- 1M
- 0.53%
- YTD
- 0.79%
- 6M
- 1.49%
- 1Y
- 5.85%
- 3Y*
- 8.31%
- 5Y*
- 3.94%
- 10Y*
- 5.15%
RNHIX vs. VWEHX - 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 0.79% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Correlation
The correlation between RNHIX and VWEHX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.71 |
The correlation between RNHIX and VWEHX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
RNHIX vs. VWEHX — Risk / Return Rank
RNHIX
VWEHX
RNHIX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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 | VWEHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.40 | -0.21 |
| Martin ratioReturn relative to average drawdown | 9.90 | 12.14 | -2.24 |
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Drawdowns
RNHIX vs. VWEHX - Drawdown Comparison
The maximum RNHIX drawdown since its inception was -22.43%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for RNHIX and VWEHX.
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Drawdown Indicators
| RNHIX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -30.17% | +7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.52% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -3.33% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -10.62% | -13.83% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -19.69% | -2.74% |
Current DrawdownCurrent decline from peak | -0.23% | -0.36% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -4.29% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.50% | +0.05% |
Volatility
RNHIX vs. VWEHX - Volatility Comparison
The current volatility for RiverNorth/Oaktree High Income Fund (RNHIX) is 0.79%, while Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a volatility of 0.88%. This indicates that RNHIX experiences smaller price fluctuations and is considered to be less risky than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNHIX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.88% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 2.61% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 3.27% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 4.91% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 5.25% | -0.42% |
RNHIX vs. VWEHX - Expense Ratio Comparison
RNHIX has a 1.81% expense ratio, which is higher than VWEHX's 0.22% expense ratio.
Dividends
RNHIX vs. VWEHX - Dividend Comparison
RNHIX's dividend yield for the trailing twelve months is around 7.39%, more than VWEHX's 6.28% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.28% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Frequently Asked Questions
RNHIX and VWEHX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWEHX has higher volatility (0.88%) compared to RNHIX (0.79%). In terms of maximum drawdown, RNHIX dropped -22.43% vs VWEHX's -30.17%.
RNHIX currently has the higher Sharpe Ratio (1.99 vs 1.86), 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.
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