RPHIX vs. VTIP
Compare and contrast key facts about RiverPark Short Term High Yield Fund (RPHIX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
RPHIX is managed by RiverPark Funds. It was launched on Sep 30, 2010. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPHIX or VTIP.
Key characteristics
| RPHIX | VTIP | |
|---|---|---|
| YTD Return | 4.18% | 4.64% |
| 1Y Return | 6.31% | 7.53% |
| 3Y Return (Ann) | 4.55% | 2.60% |
| 5Y Return (Ann) | 3.45% | 3.63% |
| 10Y Return (Ann) | 3.00% | 2.41% |
| Sharpe Ratio | 8.17 | 3.32 |
| Daily Std Dev | 0.77% | 2.25% |
| Max Drawdown | -3.16% | -6.27% |
| Current Drawdown | 0.00% | -0.08% |
Correlation
The correlation between RPHIX and VTIP is 0.05, 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.
Performance
RPHIX vs. VTIP - Performance Comparison
In the year-to-date period, RPHIX achieves a 4.18% return, which is significantly lower than VTIP's 4.64% return. Over the past 10 years, RPHIX has outperformed VTIP with an annualized return of 3.00%, while VTIP has yielded a comparatively lower 2.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RPHIX vs. VTIP - Expense Ratio Comparison
RPHIX has a 0.89% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
RPHIX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
Dividends
RPHIX vs. VTIP - Dividend Comparison
RPHIX's dividend yield for the trailing twelve months is around 5.59%, more than VTIP's 3.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPHIX RiverPark Short Term High Yield Fund | 5.59% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.87% | 3.19% | 3.89% | 3.38% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.43% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
RPHIX vs. VTIP - Drawdown Comparison
The maximum RPHIX drawdown since its inception was -3.16%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for RPHIX and VTIP. For additional features, visit the drawdowns tool.
Volatility
RPHIX vs. VTIP - Volatility Comparison
The current volatility for RiverPark Short Term High Yield Fund (RPHIX) is 0.20%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 0.44%. This indicates that RPHIX experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.