RWGIX vs. RLSIX

Last updated Jun 3, 2026

RWGIX (Wedgewood Fund) and RLSIX (RiverPark Long/Short Opportunity Fund) are both mutual funds - RWGIX is a Large Cap Growth Equities fund managed by RiverPark Funds, while RLSIX is a Long-Short fund managed by RiverPark Funds. Over the past 10 years, RWGIX returned 25.12%/yr vs 6.66%/yr for RLSIX. A 0.74 correlation means they provide meaningful diversification when combined. RWGIX charges 0.95%/yr vs 1.75%/yr for RLSIX.

Performance

RWGIX vs. RLSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wedgewood Fund (RWGIX) 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, RWGIX achieves a 3.26% return, which is significantly higher than RLSIX's -0.58% return. Over the past 10 years, RWGIX has outperformed RLSIX with an annualized return of 25.12%, while RLSIX has yielded a comparatively lower 6.66% annualized return.

RWGIX

• 1D: -0.20%
• 1M: 0.60%
• YTD: 3.26%
• 6M: 3.59%
• 1Y: 11.78%
• 3Y*: 16.46%
• 5Y*: 32.38%
• 10Y*: 25.12%

RLSIX

• 1D: 0.85%
• 1M: 1.79%
• YTD: -0.58%
• 6M: -0.90%
• 1Y: 8.70%
• 3Y*: 13.22%
• 5Y*: -3.49%
• 10Y*: 6.66%

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

RWGIX vs. RLSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWGIX Wedgewood Fund	3.26%	4.33%	29.94%	29.09%	-26.13%	242.06%	31.48%	32.67%	-6.36%	20.04%
RLSIX RiverPark Long/Short Opportunity Fund	-0.58%	8.57%	16.06%	43.85%	-53.89%	2.10%	54.74%	20.00%	-2.20%	22.10%

Correlation

The correlation between RWGIX and RLSIX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.74

The correlation between RWGIX and RLSIX has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

RWGIX vs. RLSIX — Risk / Return Rank

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

RWGIX

RWGIX Risk / Return Rank: 11
RWGIX Sharpe Ratio Rank: 12
RWGIX Sortino Ratio Rank: 11
RWGIX Omega Ratio Rank: 11
RWGIX Calmar Ratio Rank: 9
RWGIX Martin Ratio Rank: 11

RLSIX

RLSIX Risk / Return Rank: 8
RLSIX Sharpe Ratio Rank: 10
RLSIX Sortino Ratio Rank: 9
RLSIX Omega Ratio Rank: 9
RLSIX Calmar Ratio Rank: 6
RLSIX Martin Ratio Rank: 6

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.

RWGIX vs. RLSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wedgewood Fund (RWGIX) 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.

	RWGIX	RLSIX	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.79	+0.12
Sortino ratio Return per unit of downside risk	1.35	1.14	+0.21
Omega ratio Gain probability vs. loss probability	1.17	1.15	+0.02
Calmar ratio Return relative to maximum drawdown	0.96	0.62	+0.34
Martin ratio Return relative to average drawdown	3.39	1.84	+1.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWGIX vs. RLSIX - Sharpe Ratio Comparison

The current RWGIX Sharpe Ratio is 0.91, which is comparable to the RLSIX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of RWGIX 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.

Sharpe Ratios by Period

	RWGIX	RLSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.79	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.14	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.31	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.38	+0.03

Drawdowns

RWGIX vs. RLSIX - Drawdown Comparison

The maximum RWGIX drawdown since its inception was -47.12%, smaller than the maximum RLSIX drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for RWGIX and RLSIX.

Drawdown Indicators

	RWGIX	RLSIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.12%	-60.82%	+13.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-14.56%	+2.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-17.62%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-30.62%	-60.82%	+30.20%
Max Drawdown (10Y) Largest decline over 10 years	-47.12%	-60.82%	+13.70%
Current Drawdown Current decline from peak	-0.59%	-26.28%	+25.69%
Average Drawdown Average peak-to-trough decline	-6.71%	-15.08%	+8.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	4.91%	-1.50%

Volatility

RWGIX vs. RLSIX - Volatility Comparison

Wedgewood Fund (RWGIX) has a higher volatility of 3.02% compared to RiverPark Long/Short Opportunity Fund (RLSIX) at 2.28%. This indicates that RWGIX's price experiences larger fluctuations and is considered to be riskier than RLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWGIX	RLSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.28%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	9.02%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	11.58%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.15%	24.94%	+51.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.95%	21.54%	+36.41%

RWGIX vs. RLSIX - Expense Ratio Comparison

RWGIX has a 0.95% expense ratio, which is lower than RLSIX's 1.75% expense ratio.

Dividends

RWGIX vs. RLSIX - Dividend Comparison

RWGIX's dividend yield for the trailing twelve months is around 11.13%, 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%
RWGIX Wedgewood Fund	11.13%	11.50%	15.61%	2.14%	15.90%	71.14%	88.03%	39.95%	124.71%	16.61%	0.17%	4.63%

Frequently Asked Questions

Can I hold both RWGIX and RLSIX in my portfolio?

RWGIX and RLSIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWGIX or RLSIX?

RWGIX has higher volatility (3.02%) compared to RLSIX (2.28%). In terms of maximum drawdown, RWGIX dropped -47.12% vs RLSIX's -60.82%.

Which has better risk-adjusted returns?

RWGIX currently has the higher Sharpe Ratio (0.91 vs 0.79), 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.