RSIIX vs. GHY
RSIIX (RiverPark Strategic Income Fund) and GHY (PGIM Global High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, RSIIX returned 5.27%/yr vs 7.11%/yr for GHY. At a 0.25 correlation, their price movements are largely independent. RSIIX charges 1.18%/yr vs 0.03%/yr for GHY.
Performance
RSIIX vs. GHY - Performance Comparison
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Returns By Period
In the year-to-date period, RSIIX achieves a 1.81% return, which is significantly higher than GHY's -1.10% return. Over the past 10 years, RSIIX has underperformed GHY with an annualized return of 5.27%, while GHY has yielded a comparatively higher 7.11% annualized return.
RSIIX
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 1.81%
- 6M
- 2.34%
- 1Y
- 5.83%
- 3Y*
- 7.23%
- 5Y*
- 5.14%
- 10Y*
- 5.27%
GHY
- 1D
- -1.91%
- 1M
- 0.11%
- YTD
- -1.10%
- 6M
- -0.28%
- 1Y
- -1.01%
- 3Y*
- 13.86%
- 5Y*
- 4.66%
- 10Y*
- 7.11%
RSIIX vs. GHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSIIX RiverPark Strategic Income Fund | 1.81% | 6.04% | 8.44% | 9.59% | -3.31% | 11.60% | 3.42% | 3.50% | 1.36% | 4.84% |
GHY PGIM Global High Yield Fund | -1.10% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
Correlation
The correlation between RSIIX and GHY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.25 |
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Return for Risk
RSIIX vs. GHY — Risk / Return Rank
RSIIX
GHY
RSIIX vs. GHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Strategic Income Fund (RSIIX) and PGIM Global High Yield Fund (GHY). 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.
| RSIIX | GHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.99 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.08 | +3.43 |
| Martin ratioReturn relative to average drawdown | 22.60 | -0.21 | +22.81 |
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
| RSIIX | GHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | -0.09 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.05 | 0.33 | +1.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.84 | 0.46 | +1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.68 | 0.37 | +1.30 |
Drawdowns
RSIIX vs. GHY - Drawdown Comparison
The maximum RSIIX drawdown since its inception was -15.55%, smaller than the maximum GHY drawdown of -41.35%. Use the drawdown chart below to compare losses from any high point for RSIIX and GHY.
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Drawdown Indicators
| RSIIX | GHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -41.35% | +25.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -11.94% | +10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -16.36% | +14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -5.61% | -29.50% | +23.89% |
Max Drawdown (10Y)Largest decline over 10 years | -15.55% | -41.35% | +25.80% |
Current DrawdownCurrent decline from peak | 0.00% | -6.23% | +6.23% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -6.02% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 4.71% | -4.45% |
Volatility
RSIIX vs. GHY - Volatility Comparison
The current volatility for RiverPark Strategic Income Fund (RSIIX) is 0.54%, while PGIM Global High Yield Fund (GHY) has a volatility of 3.59%. This indicates that RSIIX experiences smaller price fluctuations and is considered to be less risky than GHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSIIX | GHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 3.59% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 8.30% | -5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 10.72% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 14.24% | -11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.88% | 15.34% | -12.46% |
RSIIX vs. GHY - Expense Ratio Comparison
RSIIX has a 1.18% expense ratio, which is higher than GHY's 0.03% expense ratio.
Dividends
RSIIX vs. GHY - Dividend Comparison
RSIIX's dividend yield for the trailing twelve months is around 7.41%, less than GHY's 10.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 10.69% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
RSIIX RiverPark Strategic Income Fund | 7.41% | 7.75% | 7.67% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.10% | 6.57% |
Frequently Asked Questions
RSIIX and GHY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHY has higher volatility (3.59%) compared to RSIIX (0.54%). In terms of maximum drawdown, RSIIX dropped -15.55% vs GHY's -41.35%.
RSIIX currently has the higher Sharpe Ratio (1.94 vs -0.09), 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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