RSIIX vs. PRHYX
RSIIX (RiverPark Strategic Income Fund) and PRHYX (T. Rowe Price High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, RSIIX returned 5.27%/yr vs 5.74%/yr for PRHYX. At a 0.40 correlation, their price movements are largely independent. RSIIX charges 1.18%/yr vs 0.70%/yr for PRHYX.
Performance
RSIIX vs. PRHYX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RSIIX having a 1.81% return and PRHYX slightly lower at 1.73%. Over the past 10 years, RSIIX has underperformed PRHYX with an annualized return of 5.27%, while PRHYX has yielded a comparatively higher 5.74% 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%
PRHYX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.73%
- 6M
- 3.30%
- 1Y
- 9.66%
- 3Y*
- 10.17%
- 5Y*
- 4.87%
- 10Y*
- 5.74%
RSIIX vs. PRHYX - 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% |
PRHYX T. Rowe Price High Yield Fund | 1.73% | 11.22% | 8.49% | 14.83% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
Correlation
The correlation between RSIIX and PRHYX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.40 |
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Return for Risk
RSIIX vs. PRHYX — Risk / Return Rank
RSIIX
PRHYX
RSIIX vs. PRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Strategic Income Fund (RSIIX) and T. Rowe Price High Yield Fund (PRHYX). 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 | PRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.73 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 4.55 | -1.21 |
| Martin ratioReturn relative to average drawdown | 22.60 | 22.39 | +0.20 |
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 | PRHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.95 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.05 | 0.94 | +1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.84 | 1.04 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.68 | 1.31 | +0.36 |
Drawdowns
RSIIX vs. PRHYX - Drawdown Comparison
The maximum RSIIX drawdown since its inception was -15.55%, smaller than the maximum PRHYX drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for RSIIX and PRHYX.
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Drawdown Indicators
| RSIIX | PRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -30.79% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.17% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -3.85% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.61% | -16.43% | +10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -15.55% | -22.10% | +6.55% |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -3.67% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.44% | -0.18% |
Volatility
RSIIX vs. PRHYX - Volatility Comparison
The current volatility for RiverPark Strategic Income Fund (RSIIX) is 0.54%, while T. Rowe Price High Yield Fund (PRHYX) has a volatility of 1.07%. This indicates that RSIIX experiences smaller price fluctuations and is considered to be less risky than PRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSIIX | PRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.07% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.55% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 3.35% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 5.23% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.88% | 5.55% | -2.67% |
RSIIX vs. PRHYX - Expense Ratio Comparison
RSIIX has a 1.18% expense ratio, which is higher than PRHYX's 0.70% expense ratio.
Dividends
RSIIX vs. PRHYX - Dividend Comparison
RSIIX's dividend yield for the trailing twelve months is around 7.41%, less than PRHYX's 9.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 9.10% | 9.06% | 8.27% | 7.23% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
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 PRHYX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRHYX has higher volatility (1.07%) compared to RSIIX (0.54%). In terms of maximum drawdown, RSIIX dropped -15.55% vs PRHYX's -30.79%.
PRHYX currently has the higher Sharpe Ratio (2.95 vs 1.94), 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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