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TUIFX vs. RBSIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUIFX vs. RBSIX

Last updated Jun 24, 2026

TUIFX (Toews Unconstrained Income Fund) and RBSIX (RBC BlueBay Strategic Income Fund) are both Nontraditional Bonds funds. Over the past 3 years, TUIFX returned 4.11%/yr vs 7.58%/yr for RBSIX. At a 0.11 correlation, their price movements are largely independent. TUIFX charges 1.25%/yr vs 0.63%/yr for RBSIX.

Performance

TUIFX vs. RBSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toews Unconstrained Income Fund (TUIFX) and RBC BlueBay Strategic Income Fund (RBSIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TUIFX achieves a 0.49% return, which is significantly lower than RBSIX's 1.03% return.

TUIFX

1D
-0.11%
1M
0.23%
YTD
0.49%
6M
0.60%
1Y
2.98%
3Y*
4.11%
5Y*
1.26%
10Y*
1.87%

RBSIX

1D
0.00%
1M
0.07%
YTD
1.03%
6M
1.13%
1Y
5.32%
3Y*
7.58%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUIFX vs. RBSIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TUIFX
Toews Unconstrained Income Fund		0.49%3.55%4.53%3.08%-4.36%-0.11%
RBSIX
RBC BlueBay Strategic Income Fund		1.03%5.50%9.33%9.74%0.35%-0.21%

Correlation

The correlation between TUIFX and RBSIX 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

0.17

Correlation (All Time)
Calculated using the full available price history since Nov 2, 2021

0.11

Over the past year, TUIFX and RBSIX have become more correlated (0.36) than their long-term average of 0.11, meaning their price movements have been converging.

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Toews Unconstrained Income Fund

RBC BlueBay Strategic Income Fund

Often compared with TUIFX:
TUIFX vs. TTDAXTUIFX vs. AFLIXTUIFX vs. JUCIXTUIFX vs. PDINXTUIFX vs. STBNXTUIFX vs. MWSTXTUIFX vs. NSBDX
Often compared with RBSIX:
RBSIX vs. JSOSXRBSIX vs. SUBFXRBSIX vs. DCAIXRBSIX vs. REEIXRBSIX vs. 0P0000706A.TORBSIX vs. RBESXRBSIX vs. PMOTX

Return for Risk

TUIFX vs. RBSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TUIFX
TUIFX Risk / Return Rank: 4444
Overall Rank
TUIFX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
TUIFX Sortino Ratio Rank: 3434
Sortino Ratio Rank
TUIFX Omega Ratio Rank: 3333
Omega Ratio Rank
TUIFX Calmar Ratio Rank: 8282
Calmar Ratio Rank
TUIFX Martin Ratio Rank: 3939
Martin Ratio Rank
RBSIX
RBSIX Risk / Return Rank: 9191
Overall Rank
RBSIX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RBSIX Sortino Ratio Rank: 9898
Sortino Ratio Rank
RBSIX Omega Ratio Rank: 9797
Omega Ratio Rank
RBSIX Calmar Ratio Rank: 8686
Calmar Ratio Rank
RBSIX Martin Ratio Rank: 7575
Martin Ratio Rank
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.

TUIFX vs. RBSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Unconstrained Income Fund (TUIFX) and RBC BlueBay Strategic Income Fund (RBSIX). 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.

TUIFXRBSIXDifference
Sharpe ratioReturn per unit of total volatility
1.46
3.53

-2.07

Sortino ratioReturn per unit of downside risk
2.23
5.78

-3.55

Omega ratioGain probability vs. loss probability

1.29

1.87

-0.58

Calmar ratioReturn relative to maximum drawdown

3.57

3.91

-0.34

Martin ratioReturn relative to average drawdown

8.04

13.22

-5.18

TUIFX vs. RBSIX - Sharpe Ratio Comparison

The current TUIFX Sharpe Ratio is 1.46, which is lower than the RBSIX Sharpe Ratio of 3.53. The chart below compares the historical Sharpe Ratios of TUIFX and RBSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TUIFX vs. RBSIX - Drawdown Comparison

The maximum TUIFX drawdown since its inception was -7.37%, which is greater than RBSIX's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for TUIFX and RBSIX.

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Drawdown Indicators

TUIFXRBSIXDifference

Max Drawdown

Largest peak-to-trough decline

-7.37%

-4.09%

-3.28%

Max Drawdown (1Y)

Largest decline over 1 year

-0.87%

-1.37%

+0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-1.64%

-4.09%

+2.45%

Max Drawdown (5Y)

Largest decline over 5 years

-7.37%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-7.37%

—

—

Current Drawdown

Current decline from peak

-0.37%

-0.22%

-0.15%

Average Drawdown

Average peak-to-trough decline

-2.06%

-0.77%

-1.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.39%

0.40%

-0.01%

Volatility

TUIFX vs. RBSIX - Volatility Comparison

Toews Unconstrained Income Fund (TUIFX) has a higher volatility of 0.74% compared to RBC BlueBay Strategic Income Fund (RBSIX) at 0.35%. This indicates that TUIFX's price experiences larger fluctuations and is considered to be riskier than RBSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TUIFXRBSIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.74%

0.35%

+0.39%

Volatility (6M)

Calculated over the trailing 6-month period

1.42%

1.09%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

2.13%

1.52%

+0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.63%

3.52%

-0.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.69%

3.52%

-0.83%

TUIFX vs. RBSIX - Expense Ratio Comparison

TUIFX has a 1.25% expense ratio, which is higher than RBSIX's 0.63% expense ratio.

Dividends

TUIFX vs. RBSIX - Dividend Comparison

TUIFX's dividend yield for the trailing twelve months is around 3.97%, less than RBSIX's 5.84% yield.

PositionTTM20252024202320222021202020192018201720162015
RBSIX
RBC BlueBay Strategic Income Fund		5.84%5.31%4.46%7.65%5.37%0.19%0.00%0.00%0.00%0.00%0.00%0.00%
TUIFX
Toews Unconstrained Income Fund		3.97%4.17%4.68%4.09%1.05%2.13%1.33%2.44%2.05%4.34%2.29%1.19%

Frequently Asked Questions

TUIFX and RBSIX 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.

TUIFX has higher volatility (0.74%) compared to RBSIX (0.35%). In terms of maximum drawdown, TUIFX dropped -7.37% vs RBSIX's -4.09%.

RBSIX currently has the higher Sharpe Ratio (3.53 vs 1.46), 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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