RNSIX vs. EMXC
RNSIX (RiverNorth Doubleline Strategic Income Fund) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both funds - RNSIX is a Multisector Bonds fund managed by RiverNorth Funds, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, RNSIX returned 2.37%/yr vs 12.76%/yr for EMXC. At a 0.27 correlation, their price movements are largely independent. RNSIX charges 0.87%/yr vs 0.49%/yr for EMXC.
Performance
RNSIX vs. EMXC - Performance Comparison
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Returns By Period
In the year-to-date period, RNSIX achieves a 0.66% return, which is significantly lower than EMXC's 41.72% return.
RNSIX
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 0.66%
- 6M
- 0.64%
- 1Y
- 5.88%
- 3Y*
- 7.23%
- 5Y*
- 2.37%
- 10Y*
- 3.83%
EMXC
- 1D
- -1.00%
- 1M
- 12.61%
- YTD
- 41.72%
- 6M
- 46.94%
- 1Y
- 77.94%
- 3Y*
- 29.08%
- 5Y*
- 12.76%
- 10Y*
- —
RNSIX vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNSIX RiverNorth Doubleline Strategic Income Fund | 0.66% | 7.59% | 7.29% | 9.18% | -12.68% | 3.66% | 6.03% | 11.96% | -1.28% | 0.50% |
EMXC iShares MSCI Emerging Markets ex China ETF | 41.72% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.01% |
Correlation
The correlation between RNSIX and EMXC is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2017 | 0.27 |
The correlation between RNSIX and EMXC shifts across timeframes, from 0.27 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RNSIX vs. EMXC — Risk / Return Rank
RNSIX
EMXC
RNSIX vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Doubleline Strategic Income Fund (RNSIX) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
| RNSIX | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.64 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 5.44 | -2.56 |
| Martin ratioReturn relative to average drawdown | 10.21 | 21.99 | -11.78 |
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
| RNSIX | EMXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 3.61 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.74 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.23 | 0.55 | +0.68 |
Drawdowns
RNSIX vs. EMXC - Drawdown Comparison
The maximum RNSIX drawdown since its inception was -16.08%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for RNSIX and EMXC.
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Drawdown Indicators
| RNSIX | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -42.81% | +26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.05% | -14.41% | +12.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -19.12% | +13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -28.91% | +12.83% |
Max Drawdown (10Y)Largest decline over 10 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -1.00% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -10.19% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 3.56% | -2.98% |
Volatility
RNSIX vs. EMXC - Volatility Comparison
The current volatility for RiverNorth Doubleline Strategic Income Fund (RNSIX) is 0.96%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 9.88%. This indicates that RNSIX experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNSIX | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 9.88% | -8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 19.34% | -17.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 21.70% | -18.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.44% | 17.45% | -13.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 19.82% | -15.34% |
RNSIX vs. EMXC - Expense Ratio Comparison
RNSIX has a 0.87% expense ratio, which is higher than EMXC's 0.49% expense ratio.
Dividends
RNSIX vs. EMXC - Dividend Comparison
RNSIX's dividend yield for the trailing twelve months is around 6.64%, more than EMXC's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 1.99% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
RNSIX RiverNorth Doubleline Strategic Income Fund | 6.64% | 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
RNSIX and EMXC have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (9.88%) compared to RNSIX (0.96%). In terms of maximum drawdown, RNSIX dropped -16.08% vs EMXC's -42.81%.
EMXC currently has the higher Sharpe Ratio (3.61 vs 2.11), 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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