SCFIX vs. RSP

Last updated Jun 13, 2026

SCFIX (Shenkman Capital Short Duration High Income Fund) and RSP (Invesco S&P 500 Equal Weight ETF) are both funds - SCFIX is a High Yield Bonds fund managed by Shenkman Funds, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Over the past 10 years, SCFIX returned 4.39%/yr vs 12.15%/yr for RSP. At a 0.43 correlation, their price movements are largely independent. SCFIX charges 0.67%/yr vs 0.20%/yr for RSP.

Performance

SCFIX vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shenkman Capital Short Duration High Income Fund (SCFIX) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCFIX achieves a 1.42% return, which is significantly lower than RSP's 10.96% return. Over the past 10 years, SCFIX has underperformed RSP with an annualized return of 4.39%, while RSP has yielded a comparatively higher 12.15% annualized return.

SCFIX

• 1D: 0.20%
• 1M: 0.34%
• YTD: 1.42%
• 6M: 1.92%
• 1Y: 5.23%
• 3Y*: 6.61%
• 5Y*: 4.43%
• 10Y*: 4.39%

RSP

• 1D: 0.91%
• 1M: 3.92%
• YTD: 10.96%
• 6M: 10.34%
• 1Y: 21.34%
• 3Y*: 14.66%
• 5Y*: 8.59%
• 10Y*: 12.15%

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

SCFIX vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCFIX Shenkman Capital Short Duration High Income Fund	1.42%	7.02%	6.11%	9.24%	-2.52%	5.08%	3.36%	7.61%	0.85%	3.54%
RSP Invesco S&P 500 Equal Weight ETF	10.96%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%

Correlation

The correlation between SCFIX and RSP is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.43

The correlation between SCFIX and RSP shifts across timeframes, from 0.43 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SCFIX vs. RSP — Risk / Return Rank

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

SCFIX

SCFIX Risk / Return Rank: 96
SCFIX Sharpe Ratio Rank: 97
SCFIX Sortino Ratio Rank: 97
SCFIX Omega Ratio Rank: 96
SCFIX Calmar Ratio Rank: 94
SCFIX Martin Ratio Rank: 97

RSP

RSP Risk / Return Rank: 58
RSP Sharpe Ratio Rank: 57
RSP Sortino Ratio Rank: 59
RSP Omega Ratio Rank: 54
RSP Calmar Ratio Rank: 59
RSP Martin Ratio Rank: 62

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.

SCFIX vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shenkman Capital Short Duration High Income Fund (SCFIX) and Invesco S&P 500 Equal Weight ETF (RSP). 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.

	SCFIX	RSP	Difference
Sharpe ratio: Return per unit of total volatility	3.13	1.69	+1.45
Sortino ratio: Return per unit of downside risk	5.14	2.44	+2.70
Omega ratio: Gain probability vs. loss probability	1.76	1.29	+0.47
Calmar ratio: Return relative to maximum drawdown	4.62	2.54	+2.07
Martin ratio: Return relative to average drawdown	24.75	9.63	+15.12

SCFIX vs. RSP - Sharpe Ratio Comparison

The current SCFIX Sharpe Ratio is 3.13, which is higher than the RSP Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SCFIX and RSP, 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

SCFIX vs. RSP - Drawdown Comparison

The maximum SCFIX drawdown since its inception was -13.08%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for SCFIX and RSP.

Drawdown Indicators

	SCFIX	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-59.92%	+46.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-7.85%	+6.74%
Max Drawdown (3Y) Largest decline over 3 years	-1.72%	-17.81%	+16.09%
Max Drawdown (5Y) Largest decline over 5 years	-6.30%	-21.38%	+15.08%
Max Drawdown (10Y) Largest decline over 10 years	-13.08%	-39.04%	+25.96%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.51%	-6.64%	+6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	2.07%	-1.86%

Volatility

SCFIX vs. RSP - Volatility Comparison

The current volatility for Shenkman Capital Short Duration High Income Fund (SCFIX) is 0.48%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 3.57%. This indicates that SCFIX experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCFIX	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	3.57%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	1.30%	8.59%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	11.83%	-10.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.77%	16.22%	-13.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.28%	18.36%	-15.08%

SCFIX vs. RSP - Expense Ratio Comparison

SCFIX has a 0.67% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

SCFIX vs. RSP - Dividend Comparison

SCFIX's dividend yield for the trailing twelve months is around 5.32%, more than RSP's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.47%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
SCFIX Shenkman Capital Short Duration High Income Fund	5.32%	5.54%	5.85%	5.21%	3.86%	4.93%	3.24%	3.78%	3.87%	3.09%	3.07%	3.38%

Frequently Asked Questions

Can I hold both SCFIX and RSP in my portfolio?

SCFIX and RSP have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCFIX or RSP?

RSP has higher volatility (3.57%) compared to SCFIX (0.48%). In terms of maximum drawdown, SCFIX dropped -13.08% vs RSP's -59.92%.

Which has better risk-adjusted returns?

SCFIX currently has the higher Sharpe Ratio (3.13 vs 1.69), 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.