RSIIX vs. RLSIX

Last updated Aug 4, 2026

RSIIX (RiverPark Strategic Income Fund) and RLSIX (RiverPark Long/Short Opportunity Fund) are both mutual funds - RSIIX is a High Yield Bonds fund managed by RiverPark Funds, while RLSIX is a Long-Short fund managed by RiverPark Funds. Over the past 10 years, RSIIX returned 5.01%/yr vs 6.56%/yr for RLSIX. Their 0.23 correlation means their historical movements had little consistent relationship. RSIIX charges 1.18%/yr vs 1.75%/yr for RLSIX.

Performance

RSIIX vs. RLSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverPark Strategic Income Fund (RSIIX) and RiverPark Long/Short Opportunity Fund (RLSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSIIX achieves a 2.20% return, which is significantly higher than RLSIX's -2.26% return. Over the past 10 years, RSIIX has underperformed RLSIX with an annualized return of 5.01%, while RLSIX has yielded a comparatively higher 6.56% annualized return.

RSIIX

• 1D: -0.12%
• 1M: 0.38%
• 6M: 1.54%
• YTD: 2.20%
• 1Y: 4.19%
• 3Y*: 6.89%
• 5Y*: 5.25%
• 10Y*: 5.01%
• ALL TIME*: 4.49%

RLSIX

• 1D: 0.94%
• 1M: -0.26%
• 6M: -0.40%
• YTD: -2.26%
• 1Y: 2.44%
• 3Y*: 10.14%
• 5Y*: -5.55%
• 10Y*: 6.56%
• ALL TIME*: 6.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RLSIX RiverPark Long/Short Opportunity Fund	$0.00	$0.00	$0.00
RSIIX RiverPark Strategic Income Fund	$0.00	$0.00	$0.00

RSIIX vs. RLSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSIIX RiverPark Strategic Income Fund	2.20%	6.04%	8.44%	9.59%	-3.31%	11.60%	3.42%	3.50%	1.36%	4.84%
RLSIX RiverPark Long/Short Opportunity Fund	-2.26%	8.57%	16.06%	43.85%	-53.89%	2.10%	54.74%	20.00%	-2.20%	22.10%

Correlation

The correlation between RSIIX and RLSIX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.29
Correlation (10Y) Provides a long-term view across more market conditions.	0.24
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.23

The correlation between RSIIX and RLSIX shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RSIIX vs. RLSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSIIX

RSIIX Risk / Return Rank: 65
RSIIX Sharpe Ratio Rank: 43
RSIIX Sortino Ratio Rank: 36
RSIIX Omega Ratio Rank: 81
RSIIX Calmar Ratio Rank: 68
RSIIX Martin Ratio Rank: 94

RLSIX

RLSIX Risk / Return Rank: 5
RLSIX Sharpe Ratio Rank: 5
RLSIX Sortino Ratio Rank: 5
RLSIX Omega Ratio Rank: 5
RLSIX Calmar Ratio Rank: 5
RLSIX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSIIX vs. RLSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverPark Strategic Income Fund (RSIIX) and RiverPark Long/Short Opportunity Fund (RLSIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RSIIX	RLSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.07	+1.27
Sortino ratio: Return per unit of downside risk	1.78	0.19	+1.59
Omega ratio: Gain probability vs. loss probability	1.39	1.02	+0.37
Calmar ratio: Return relative to maximum drawdown	2.35	0.06	+2.29
Martin ratio: Return relative to average drawdown	15.40	0.17	+15.23

RSIIX vs. RLSIX - Sharpe Ratio Comparison

The current RSIIX Sharpe Ratio is 1.35, which is higher than the RLSIX Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of RSIIX and RLSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSIIX vs. RLSIX - Drawdown Comparison

The maximum RSIIX drawdown since its inception was -15.55%, smaller than the maximum RLSIX drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for RSIIX and RLSIX.

Drawdown Indicators

	RSIIX	RLSIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-60.82%	+45.27%
Max Drawdown (1Y) Largest decline over 1 year	-1.79%	-14.56%	+12.77%
Max Drawdown (3Y) Largest decline over 3 years	-1.79%	-17.62%	+15.83%
Max Drawdown (5Y) Largest decline over 5 years	-5.61%	-60.82%	+55.21%
Max Drawdown (10Y) Largest decline over 10 years	-15.55%	-60.82%	+45.27%
Current Drawdown Current decline from peak	-0.32%	-27.53%	+27.21%
Average Drawdown Average peak-to-trough decline	-1.15%	-15.23%	+14.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	5.43%	-5.16%

Volatility

RSIIX vs. RLSIX - Volatility Comparison

The current volatility for RiverPark Strategic Income Fund (RSIIX) is 0.58%, while RiverPark Long/Short Opportunity Fund (RLSIX) has a volatility of 3.55%. This indicates that RSIIX experiences smaller price fluctuations and is considered to be less risky than RLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSIIX	RLSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	3.55%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	10.34%	-7.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.12%	12.62%	-9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.51%	24.94%	-22.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.88%	21.56%	-18.68%

RSIIX vs. RLSIX - Expense Ratio Comparison

RSIIX has a 1.18% expense ratio, which is lower than RLSIX's 1.75% expense ratio.

Dividends

RSIIX vs. RLSIX - Dividend Comparison

RSIIX's dividend yield for the trailing twelve months is around 6.64%, while RLSIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RLSIX RiverPark Long/Short Opportunity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.94%	11.66%	1.26%	0.00%	0.00%
RSIIX RiverPark Strategic Income Fund	6.64%	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

Can I hold both RSIIX and RLSIX in my portfolio?

RSIIX and RLSIX 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.

Which is riskier, RSIIX or RLSIX?

RLSIX has higher volatility (3.55%) compared to RSIIX (0.58%). In terms of maximum drawdown, RSIIX dropped -15.55% vs RLSIX's -60.82%.

Which has better risk-adjusted returns?

RSIIX currently has the higher Sharpe Ratio (1.35 vs 0.07), 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.