RSF vs. SDHY

Last updated Jun 4, 2026

RSF (RiverNorth Capital and Income Fund) and SDHY (PGIM Short Duration High Yield Opportunities Fund) are both High Yield Bonds funds. Over the past 5 years, RSF returned 6.80%/yr vs 5.19%/yr for SDHY. At a 0.20 correlation, their price movements are largely independent. RSF charges 6.38%/yr vs 0.70%/yr for SDHY.

Performance

RSF vs. SDHY - Performance Comparison

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

Returns By Period

In the year-to-date period, RSF achieves a 6.49% return, which is significantly higher than SDHY's -0.17% return.

RSF

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

SDHY

• 1D: -0.81%
• 1M: 0.12%
• YTD: -0.17%
• 6M: 0.90%
• 1Y: 6.18%
• 3Y*: 11.39%
• 5Y*: 5.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSF vs. SDHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RSF RiverNorth Capital and Income Fund	6.49%	4.62%	9.26%	9.03%	-1.62%	27.59%	7.53%
SDHY PGIM Short Duration High Yield Opportunities Fund	-0.17%	10.37%	16.68%	11.40%	-13.33%	-3.05%	2.35%

Correlation

The correlation between RSF and SDHY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 27, 2020	0.20

The correlation between RSF and SDHY shifts across timeframes, from 0.09 (1 year) to 0.24 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

RSF vs. SDHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSF

RSF Risk / Return Rank: 35
RSF Sharpe Ratio Rank: 22
RSF Sortino Ratio Rank: 25
RSF Omega Ratio Rank: 34
RSF Calmar Ratio Rank: 54
RSF Martin Ratio Rank: 41

SDHY

SDHY Risk / Return Rank: 11
SDHY Sharpe Ratio Rank: 11
SDHY Sortino Ratio Rank: 11
SDHY Omega Ratio Rank: 11
SDHY Calmar Ratio Rank: 10
SDHY Martin Ratio Rank: 10

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. SDHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverNorth Capital and Income Fund (RSF) and PGIM Short Duration High Yield Opportunities Fund (SDHY). 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.

	RSF	SDHY	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.85	+0.50
Sortino ratio: Return per unit of downside risk	2.09	1.28	+0.82
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.15
Calmar ratio: Return relative to maximum drawdown	2.82	0.99	+1.83
Martin ratio: Return relative to average drawdown	8.77	2.85	+5.92
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. SDHY - Sharpe Ratio Comparison

The current RSF Sharpe Ratio is 1.35, which is higher than the SDHY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of RSF and SDHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSF	SDHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.85	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.49	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.35	+0.09

Drawdowns

RSF vs. SDHY - Drawdown Comparison

The maximum RSF drawdown since its inception was -30.61%, which is greater than SDHY's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for RSF and SDHY.

Drawdown Indicators

	RSF	SDHY	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-22.65%	-7.96%
Max Drawdown (1Y) Largest decline over 1 year	-3.92%	-6.29%	+2.37%
Max Drawdown (3Y) Largest decline over 3 years	-6.15%	-9.24%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-10.02%	-22.28%	+12.26%
Current Drawdown Current decline from peak	-1.35%	-2.70%	+1.35%
Average Drawdown Average peak-to-trough decline	-4.58%	-6.70%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	2.18%	-0.92%

Volatility

RSF vs. SDHY - Volatility Comparison

The current volatility for RiverNorth Capital and Income Fund (RSF) is 1.22%, while PGIM Short Duration High Yield Opportunities Fund (SDHY) has a volatility of 1.68%. This indicates that RSF experiences smaller price fluctuations and is considered to be less risky than SDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSF	SDHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	1.68%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	5.93%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	8.19%	7.27%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.51%	10.54%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	11.02%	+0.23%

RSF vs. SDHY - Expense Ratio Comparison

RSF has a 6.38% expense ratio, which is higher than SDHY's 0.70% expense ratio.

Dividends

RSF vs. SDHY - Dividend Comparison

RSF's dividend yield for the trailing twelve months is around 11.21%, more than SDHY's 8.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SDHY PGIM Short Duration High Yield Opportunities Fund	8.11%	7.88%	8.04%	8.64%	8.82%	7.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSF and SDHY in my portfolio?

RSF and SDHY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSF or SDHY?

SDHY has higher volatility (1.68%) compared to RSF (1.22%). In terms of maximum drawdown, RSF dropped -30.61% vs SDHY's -22.65%.

Which has better risk-adjusted returns?

RSF currently has the higher Sharpe Ratio (1.35 vs 0.85), 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.