Russell Investments Multi-Strategy Income Fund (RMYYX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RMYYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RMYYX
RMYYX charges 0.57% annually. There are 218 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | RMYYX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | RMYYX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | RMYYX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | RMYYX vs VTMFX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | RMYYX vs FYMIX |
Best Risk-Adjusted Alternatives to RMYYX
RMYYX has a PortfoliosLab risk / return rank of 64. There are 240 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | RMYYX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | RMYYX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | RMYYX vs NWQIX | |
| Allspring Diversified Capital Builder Fund | 95 | — | Jan 1998 | RMYYX vs EKBAX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | RMYYX vs AYBLX |
Top Performing RMYYX Alternatives (YTD)
RMYYX is at 4.82% YTD. There are 395 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 36.76% | — | Jan 1998 | RMYYX vs EKBAX | |
| Greenspring Fund | 20.69% | — | Jun 1983 | RMYYX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.72% | — | Aug 1998 | RMYYX vs MHELX | |
| Thornburg Investment Income Builder Fund Class I | 17.68% | — | Dec 2002 | RMYYX vs TIBIX | |
| Sound Mind Investing Fund | 15.94% | — | Dec 2005 | RMYYX vs SMIFX |
Lowest Volatility Alternatives to RMYYX
RMYYX has 5.66% 1-year volatility. There are 83 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | RMYYX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.82% | — | Apr 2012 | RMYYX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | RMYYX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | RMYYX vs AVEFX | |
| American Funds College 2027 Fund | 3.13% | — | Sep 2012 | RMYYX vs CSTAX |
Lowest Drawdown Alternatives to RMYYX
RMYYX has a 1-year max drawdown of -5.65%. There are 186 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | RMYYX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | RMYYX vs SCLAX | |
| Fidelity Strategic Real Return Fund Class K6 | -2.57% | — | Sep 2005 | RMYYX vs FSRKX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | RMYYX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | RMYYX vs SICIX |
Other Mutual Funds from Russell
The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGIYX and span 8 categories.
Often Compared With RMYYX
Investors most often compare RMYYX with FDFIX, RCLVX, RFBSX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare RMYYX with Any Fund or Stock
Compare RMYYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RMYYX with funds that move differently
Russell Investments Multi-Strategy Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RMYYX.
Explore RMYYX Diversifiers