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RSF vs. DHF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSF vs. DHF

Last updated Jun 4, 2026

RSF (RiverNorth Capital and Income Fund) and DHF (Dimensional High Yield Fund) are both High Yield Bonds funds. Over the past 5 years, RSF returned 6.80%/yr vs 2.85%/yr for DHF. At a 0.17 correlation, their price movements are largely independent. RSF charges 6.38%/yr vs 0.04%/yr for DHF.

Performance

RSF vs. DHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverNorth Capital and Income Fund (RSF) and Dimensional High Yield Fund (DHF). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, RSF achieves a 6.49% return, which is significantly higher than DHF's 0.86% return.

RSF

1D
-0.07%
1M
1.12%
YTD
6.49%
6M
6.23%
1Y
11.00%
3Y*
10.10%
5Y*
6.80%
10Y*
—

DHF

1D
-0.41%
1M
1.14%
YTD
0.86%
6M
-0.53%
1Y
4.84%
3Y*
12.71%
5Y*
2.85%
10Y*
5.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSF vs. DHF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSF
RiverNorth Capital and Income Fund		6.49%4.62%9.26%9.03%-1.62%27.59%3.10%-12.10%-1.41%5.37%
DHF
Dimensional High Yield Fund		0.86%5.67%21.12%15.00%-22.70%10.35%6.46%24.68%-11.11%8.43%

Correlation

The correlation between RSF and DHF is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2016

0.17

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RiverNorth Capital and Income Fund

Dimensional High Yield Fund

Often compared with RSF:
RSF vs. EHIRSF vs. HIORSF vs. RIVRSF vs. JFRRSF vs. ISDRSF vs. HYIRSF vs. RFM
Often compared with DHF:
DHF vs. DMBDHF vs. DMADHF vs. HIODHF vs. DFPDHF vs. DMODHF vs. EHIDHF vs. DSM

Return for Risk

RSF vs. DHF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSF
RSF Risk / Return Rank: 3535
Overall Rank
RSF Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
RSF Sortino Ratio Rank: 2525
Sortino Ratio Rank
RSF Omega Ratio Rank: 3434
Omega Ratio Rank
RSF Calmar Ratio Rank: 5454
Calmar Ratio Rank
RSF Martin Ratio Rank: 4141
Martin Ratio Rank
DHF
DHF Risk / Return Rank: 66
Overall Rank
DHF Sharpe Ratio Rank: 55
Sharpe Ratio Rank
DHF Sortino Ratio Rank: 66
Sortino Ratio Rank
DHF Omega Ratio Rank: 55
Omega Ratio Rank
DHF Calmar Ratio Rank: 66
Calmar Ratio Rank
DHF Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSF vs. DHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverNorth Capital and Income Fund (RSF) and Dimensional High Yield Fund (DHF). 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.

RSFDHFDifference
Sharpe ratioReturn per unit of total volatility
1.35
0.41

+0.95

Sortino ratioReturn per unit of downside risk
2.09
0.71

+1.39

Omega ratioGain probability vs. loss probability

1.31

1.08

+0.23

Calmar ratioReturn relative to maximum drawdown

2.82

0.56

+2.26

Martin ratioReturn relative to average drawdown

8.77

1.60

+7.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSF vs. DHF - Sharpe Ratio Comparison

The current RSF Sharpe Ratio is 1.35, which is higher than the DHF Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of RSF and DHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

RSFDHFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

0.41

+0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.18

+0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.34

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.14

+0.30

Drawdowns

RSF vs. DHF - Drawdown Comparison

The maximum RSF drawdown since its inception was -30.61%, smaller than the maximum DHF drawdown of -71.32%. Use the drawdown chart below to compare losses from any high point for RSF and DHF.

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Drawdown Indicators

RSFDHFDifference

Max Drawdown

Largest peak-to-trough decline

-30.61%

-71.32%

+40.71%

Max Drawdown (1Y)

Largest decline over 1 year

-3.92%

-8.66%

+4.74%

Max Drawdown (3Y)

Largest decline over 3 years

-6.15%

-11.81%

+5.66%

Max Drawdown (5Y)

Largest decline over 5 years

-10.02%

-37.82%

+27.80%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.94%

—

Current Drawdown

Current decline from peak

-1.35%

-3.35%

+2.00%

Average Drawdown

Average peak-to-trough decline

-4.58%

-23.03%

+18.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.26%

3.04%

-1.78%

Volatility

RSF vs. DHF - Volatility Comparison

The current volatility for RiverNorth Capital and Income Fund (RSF) is 1.22%, while Dimensional High Yield Fund (DHF) has a volatility of 3.21%. This indicates that RSF experiences smaller price fluctuations and is considered to be less risky than DHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RSFDHFDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.22%

3.21%

-1.99%

Volatility (6M)

Calculated over the trailing 6-month period

7.25%

9.68%

-2.43%

Volatility (1Y)

Calculated over the trailing 1-year period

8.19%

11.98%

-3.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.51%

15.76%

-5.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.25%

17.78%

-6.53%

RSF vs. DHF - Expense Ratio Comparison

RSF has a 6.38% expense ratio, which is higher than DHF's 0.04% expense ratio.

Dividends

RSF vs. DHF - Dividend Comparison

RSF's dividend yield for the trailing twelve months is around 11.21%, more than DHF's 8.64% yield.

PositionTTM20252024202320222021202020192018201720162015
DHF
Dimensional High Yield Fund		8.64%8.47%8.14%7.86%10.12%8.24%8.60%8.52%10.41%8.98%9.76%11.30%
RSF
RiverNorth Capital and Income Fund		11.21%11.30%10.87%10.85%11.78%9.52%11.76%6.92%8.21%9.22%1.41%0.00%

Frequently Asked Questions

RSF and DHF have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DHF has higher volatility (3.21%) compared to RSF (1.22%). In terms of maximum drawdown, RSF dropped -30.61% vs DHF's -71.32%.

RSF currently has the higher Sharpe Ratio (1.35 vs 0.41), 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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