RPHIX vs. SPY
Compare and contrast key facts about RiverPark Short Term High Yield Fund (RPHIX) and State Street 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.
Performance
RPHIX vs. SPY - Performance Comparison
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RPHIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPHIX RiverPark Short Term High Yield Fund | 1.02% | 4.76% | 6.71% | 5.87% | 2.97% | 2.05% | 1.95% | 2.77% | 2.44% | 2.50% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, RPHIX achieves a 1.02% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, RPHIX has underperformed SPY with an annualized return of 3.51%, while SPY has yielded a comparatively higher 13.98% annualized return.
RPHIX
- 1D
- 0.10%
- 1M
- 0.41%
- YTD
- 1.02%
- 6M
- 2.21%
- 1Y
- 4.74%
- 3Y*
- 5.70%
- 5Y*
- 4.56%
- 10Y*
- 3.51%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
RPHIX vs. SPY — Risk / Return Rank
RPHIX
SPY
RPHIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and State Street 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.
| RPHIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.05 | 0.93 | +4.13 |
Sortino ratioReturn per unit of downside risk | 10.09 | 1.45 | +8.63 |
Omega ratioGain probability vs. loss probability | 3.43 | 1.22 | +2.20 |
Calmar ratioReturn relative to maximum drawdown | 11.50 | 1.53 | +9.98 |
Martin ratioReturn relative to average drawdown | 85.12 | 7.30 | +77.82 |
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
| RPHIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.05 | 0.93 | +4.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.63 | 0.69 | +2.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.94 | 0.78 | +2.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.94 | 0.56 | +2.38 |
Correlation
The correlation between RPHIX and SPY is 0.19, 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.
Dividends
RPHIX vs. SPY - Dividend Comparison
RPHIX's dividend yield for the trailing twelve months is around 4.10%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPHIX RiverPark Short Term High Yield Fund | 4.10% | 4.76% | 6.40% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.63% | 3.19% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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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Drawdown Indicators
| RPHIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.16% | -55.19% | +52.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -12.05% | +11.64% |
Max Drawdown (5Y)Largest decline over 5 years | -0.92% | -24.50% | +23.58% |
Max Drawdown (10Y)Largest decline over 10 years | -3.16% | -33.72% | +30.56% |
Current DrawdownCurrent decline from peak | 0.00% | -6.24% | +6.24% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -9.09% | +9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 2.52% | -2.46% |
Volatility
RPHIX vs. SPY - Volatility Comparison
The current volatility for RiverPark Short Term High Yield Fund (RPHIX) is 0.24%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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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Volatility by Period
| RPHIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 5.31% | -5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 9.47% | -8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 19.05% | -18.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.26% | 17.06% | -15.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.20% | 17.92% | -16.72% |