Correlation
The correlation between RPHIX and SPY is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
RPHIX vs. SPY
Compare and contrast key facts about RiverPark Short Term High Yield Fund (RPHIX) and SPDR S&P 500 ETF (SPY).
RPHIX is managed by RiverPark Funds. It was launched on Sep 30, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPHIX or SPY.
Performance
RPHIX vs. SPY - Performance Comparison
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Key characteristics
RPHIX:
4.74
SPY:
0.70
RPHIX:
7.77
SPY:
1.02
RPHIX:
3.18
SPY:
1.15
RPHIX:
11.46
SPY:
0.68
RPHIX:
82.26
SPY:
2.57
RPHIX:
0.06%
SPY:
4.93%
RPHIX:
1.01%
SPY:
20.42%
RPHIX:
-3.16%
SPY:
-55.19%
RPHIX:
-0.41%
SPY:
-3.55%
Returns By Period
In the year-to-date period, RPHIX achieves a 1.53% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, RPHIX has underperformed SPY with an annualized return of 3.10%, while SPY has yielded a comparatively higher 12.73% annualized return.
RPHIX
1.53%
0.10%
2.01%
4.74%
5.20%
4.03%
3.10%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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RPHIX vs. SPY - Expense Ratio Comparison
RPHIX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RPHIX vs. SPY — Risk-Adjusted Performance Rank
RPHIX
SPY
RPHIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
RPHIX vs. SPY - Dividend Comparison
RPHIX's dividend yield for the trailing twelve months is around 5.06%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPHIX RiverPark Short Term High Yield Fund | 5.06% | 5.43% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.87% | 3.19% | 3.89% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RPHIX vs. SPY - Drawdown Comparison
The maximum RPHIX drawdown since its inception was -3.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RPHIX and SPY.
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Volatility
RPHIX vs. SPY - Volatility Comparison
The current volatility for RiverPark Short Term High Yield Fund (RPHIX) is 0.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that RPHIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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