- ISIN
- US7824784083
- Issuer
- BlackRock
- Inception Date
- Nov 30, 1999
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RTSSX Performance Chart
Russell Investment Tax-Managed U.S. Mid & Small Cap Fund (RTSSX) is up 18.1% since the beginning of the year. RTSSX is currently trading at $51 per share. Investors who bought $1,000 worth of RTSSX shares 5 years ago would now be looking at an investment worth $1,324.
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Returns By Period
Russell Investment Tax-Managed U.S. Mid & Small Cap Fund (RTSSX) has returned 18.09% so far this year and 32.25% over the past 12 months. Over the last ten years, RTSSX has returned 9.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Russell Investment Tax-Managed U.S. Mid & Small Cap Fund
- 1D
- 1.73%
- 1M
- 4.51%
- YTD
- 18.09%
- 6M
- 15.61%
- 1Y
- 32.25%
- 3Y*
- 13.52%
- 5Y*
- 5.77%
- 10Y*
- 9.64%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RTSSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2000, RTSSX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +17.0%, while the worst month was Mar 2020 at -21.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RTSSX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.23% | 2.10% | -5.64% | 9.98% | 2.79% | 3.04% | 18.09% | ||||||
| 2025 | 2.22% | -4.84% | -6.45% | -2.94% | 4.86% | 4.43% | 1.62% | 5.23% | 0.21% | -0.44% | 2.29% | -0.30% | 5.24% |
| 2024 | -2.44% | 5.16% | 4.26% | -6.78% | 3.71% | -1.81% | 7.92% | -1.10% | 0.78% | -1.55% | 8.77% | -8.33% | 7.21% |
| 2023 | 10.15% | -2.23% | -4.36% | -1.10% | -2.82% | 8.95% | 4.41% | -3.75% | -5.25% | -6.36% | 9.00% | 11.26% | 16.62% |
| 2022 | -8.04% | 0.32% | -0.05% | -8.07% | 0.74% | -9.34% | 10.05% | -3.12% | -9.89% | 10.62% | 4.46% | -5.89% | -19.12% |
| 2021 | 1.53% | 7.21% | 2.82% | 4.50% | 0.62% | -0.34% | -0.32% | 2.00% | -3.06% | 3.48% | -3.82% | 4.21% | 19.88% |
Benchmark Metrics
Russell Investment Tax-Managed U.S. Mid & Small Cap Fund has an annualized alpha of 1.15%, beta of 1.06, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 03, 2000.
- This fund captured 114.01% of S&P 500 Index gains and 107.95% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.06 and R2 of 0.80, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.15%
- Beta
- 1.06
- R²
- 0.80
- Upside Capture
- 114.01%
- Downside Capture
- 107.95%
Expense Ratio
RTSSX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RTSSX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Russell Investment Tax-Managed U.S. Mid & Small Cap Fund (RTSSX) and compare them to S&P 500 Index.
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.
| RTSSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.78 | +0.52 |
| Martin ratioReturn relative to average drawdown | 11.88 | 12.44 | -0.56 |
Dividends
Dividend History
Russell Investment Tax-Managed U.S. Mid & Small Cap Fund provided a 0.40% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $0.30 | $0.04 | $0.09 | $0.04 | $0.12 | $0.09 | $0.00 | $0.15 | $0.00 | $0.10 |
Dividend yield | 0.40% | 0.47% | 0.72% | 0.11% | 0.25% | 0.10% | 0.36% | 0.31% | 0.00% | 0.55% | 0.00% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Russell Investment Tax-Managed U.S. Mid & Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Russell Investment Tax-Managed U.S. Mid & Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Russell Investment Tax-Managed U.S. Mid & Small Cap Fund was 57.98%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.98%Mar 2009 | 1y 5mo | 1y 10mo | 3y 2moOct 2007 - Jan 2011 |
Dot-com crash2000–2002 | -48.67%Oct 2002 | 2y 7mo | 2y 9mo | 5y 4moMar 2000 - Aug 2005 |
COVID crash2020 | -40.79%Mar 2020 | 1mo 1d | 7mo 22d | 8mo 23dFeb 2020 - Nov 2020 |
Bear market2022 | -28.43%Sep 2022 | 10mo 20d | 1y 11mo | 2y 10moNov 2021 - Sep 2024 |
2025 selloff2025 | -27.38%Apr 2025 | 4mo 13d | 9mo 5d | 1y 1moNov 2024 - Jan 2026 |
Drawdown Indicators
| RTSSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -56.78% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -9.10% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -18.90% | -8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.43% | -25.43% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | -40.79% | -33.92% | -6.87% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -10.71% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.03% | +0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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