RiverNorthDoubleLine Risk Adjusted Performance

R
RNDLX -- USA Fund  

USD 10.46  0.02  0.19%

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RiverNorthDoubleLine Strategic has current Risk Adjusted Performance of 0.0449.
RAP 
 = 
(ER[a] - RFR) * STD[b])/STD[b] 
RFR 
 = 
0.0449
ER[a] =   Expected return on investing in RiverNorthDoubleLine
RFR =   Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

Risk Adjusted Performance Comparison

RiverNorthDoubleLine Strategic is rated top fund in risk adjusted performance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  12.92  of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for RiverNorthDoubleLine Strategic is roughly  12.92 
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