TIP vs. RNSIX
TIP (iShares TIPS Bond ETF) and RNSIX (RiverNorth Doubleline Strategic Income Fund) are both funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while RNSIX is a Multisector Bonds fund managed by RiverNorth Funds. Over the past 10 years, TIP returned 2.53%/yr vs 3.77%/yr for RNSIX. A 0.60 correlation means they provide meaningful diversification when combined. TIP charges 0.18%/yr vs 0.87%/yr for RNSIX.
Performance
TIP vs. RNSIX - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 1.40% return, which is significantly higher than RNSIX's 0.66% return. Over the past 10 years, TIP has underperformed RNSIX with an annualized return of 2.53%, while RNSIX has yielded a comparatively higher 3.77% annualized return.
TIP
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.76%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
RNSIX
- 1D
- 0.35%
- 1M
- 0.78%
- YTD
- 0.66%
- 6M
- 1.10%
- 1Y
- 5.52%
- 3Y*
- 7.15%
- 5Y*
- 2.26%
- 10Y*
- 3.77%
TIP vs. RNSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
RNSIX RiverNorth Doubleline Strategic Income Fund | 0.66% | 7.59% | 7.29% | 9.18% | -12.68% | 3.66% | 6.03% | 11.96% | -1.28% | 4.23% |
Correlation
The correlation between TIP and RNSIX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.60 |
The correlation between TIP and RNSIX shifts across timeframes, from 0.60 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIP vs. RNSIX — Risk / Return Rank
TIP
RNSIX
TIP vs. RNSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and RiverNorth Doubleline Strategic Income Fund (RNSIX). 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.
| TIP | RNSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.70 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.00 | 9.41 | -2.41 |
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Drawdowns
TIP vs. RNSIX - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum RNSIX drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for TIP and RNSIX.
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Drawdown Indicators
| TIP | RNSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -16.08% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -2.05% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -5.14% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -16.08% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -16.08% | +1.57% |
Current DrawdownCurrent decline from peak | -0.46% | -0.44% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -2.07% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.59% | +0.07% |
Volatility
TIP vs. RNSIX - Volatility Comparison
iShares TIPS Bond ETF (TIP) has a higher volatility of 1.03% compared to RiverNorth Doubleline Strategic Income Fund (RNSIX) at 0.96%. This indicates that TIP's price experiences larger fluctuations and is considered to be riskier than RNSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | RNSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.96% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.07% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 2.81% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 4.45% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 4.48% | +1.26% |
TIP vs. RNSIX - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is lower than RNSIX's 0.87% expense ratio.
Dividends
TIP vs. RNSIX - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, less than RNSIX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNSIX RiverNorth Doubleline Strategic Income Fund | 6.64% | 6.52% | 6.37% | 5.13% | 8.40% | 4.20% | 4.34% | 5.17% | 5.45% | 5.08% | 5.22% | 5.83% |
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
TIP and RNSIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIP has higher volatility (1.03%) compared to RNSIX (0.96%). In terms of maximum drawdown, TIP dropped -14.57% vs RNSIX's -16.08%.
RNSIX currently has the higher Sharpe Ratio (1.98 vs 1.37), 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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