VMSAX vs. RCTIX
Compare and contrast key facts about Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and River Canyon Total Return Bond Fund (RCTIX).
VMSAX is an actively managed fund by Vanguard. It was launched on Oct 12, 2021. RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.
Performance
VMSAX vs. RCTIX - Performance Comparison
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VMSAX vs. RCTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | -0.99% | 9.08% | 6.86% | 10.53% | -8.42% |
RCTIX River Canyon Total Return Bond Fund | -0.97% | 7.75% | 7.49% | 10.02% | -4.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with VMSAX having a -0.99% return and RCTIX slightly higher at -0.97%.
VMSAX
- 1D
- 0.22%
- 1M
- -1.98%
- YTD
- -0.99%
- 6M
- 0.66%
- 1Y
- 6.00%
- 3Y*
- 7.21%
- 5Y*
- —
- 10Y*
- —
RCTIX
- 1D
- -0.41%
- 1M
- -1.50%
- YTD
- -0.97%
- 6M
- 0.18%
- 1Y
- 4.55%
- 3Y*
- 7.05%
- 5Y*
- 4.20%
- 10Y*
- 5.54%
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VMSAX vs. RCTIX - Expense Ratio Comparison
VMSAX has a 0.30% expense ratio, which is lower than RCTIX's 0.89% expense ratio.
Return for Risk
VMSAX vs. RCTIX — Risk / Return Rank
VMSAX
RCTIX
VMSAX vs. RCTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and River Canyon Total Return Bond Fund (RCTIX). 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.
| VMSAX | RCTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 1.94 | -1.90 |
Sortino ratioReturn per unit of downside risk | 1.32 | 2.81 | -1.49 |
Omega ratioGain probability vs. loss probability | 2.07 | 1.39 | +0.68 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.10 | -2.99 |
Martin ratioReturn relative to average drawdown | 1.75 | 12.23 | -10.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMSAX | RCTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 1.94 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 1.29 | -1.23 |
Correlation
The correlation between VMSAX and RCTIX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VMSAX vs. RCTIX - Dividend Comparison
VMSAX's dividend yield for the trailing twelve months is around 5.17%, less than RCTIX's 6.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | 5.17% | 5.66% | 6.48% | 5.52% | 3.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RCTIX River Canyon Total Return Bond Fund | 6.83% | 7.31% | 7.89% | 8.50% | 5.98% | 3.02% | 5.97% | 4.97% | 3.30% | 4.89% | 2.16% |
Drawdowns
VMSAX vs. RCTIX - Drawdown Comparison
The maximum VMSAX drawdown since its inception was -54.84%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for VMSAX and RCTIX.
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Drawdown Indicators
| VMSAX | RCTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.84% | -10.89% | -43.95% |
Max Drawdown (1Y)Largest decline over 1 year | -54.84% | -1.50% | -53.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.89% | — |
Current DrawdownCurrent decline from peak | -2.03% | -1.50% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -1.09% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 0.38% | +3.12% |
Volatility
VMSAX vs. RCTIX - Volatility Comparison
Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) has a higher volatility of 1.19% compared to River Canyon Total Return Bond Fund (RCTIX) at 0.91%. This indicates that VMSAX's price experiences larger fluctuations and is considered to be riskier than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMSAX | RCTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.91% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 112.83% | 1.59% | +111.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 133.59% | 2.31% | +131.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 2.47% | +63.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.65% | 3.74% | +61.91% |