MEGI vs. RTXAX
MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both mutual funds - MEGI is a Infrastructure Equities fund managed by CBRE, while RTXAX is a Global Equities fund managed by BlackRock. Over the past 3 years, MEGI returned 15.12%/yr vs 10.95%/yr for RTXAX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. MEGI charges 0.02%/yr vs 1.33%/yr for RTXAX.
Performance
MEGI vs. RTXAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MEGI having a 17.91% return and RTXAX slightly lower at 17.49%.
MEGI
- 1D
- -0.46%
- 1M
- 0.94%
- 6M
- 12.52%
- YTD
- 17.91%
- 1Y
- 18.19%
- 3Y*
- 15.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.30%
RTXAX
- 1D
- 0.64%
- 1M
- 1.95%
- 6M
- 9.82%
- YTD
- 17.49%
- 1Y
- 28.12%
- 3Y*
- 10.95%
- 5Y*
- 6.57%
- 10Y*
- —
- ALL TIME*
- 8.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.09M | $1.84M | $2.01M | |
| $0.00 | $0.00 | $0.00 |
MEGI vs. RTXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund | 17.91% | 26.19% | 5.19% | 5.52% | -23.32% | -3.50% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 17.49% | 13.56% | 1.50% | 7.40% | -11.66% | 2.41% |
Correlation
The correlation between MEGI and RTXAX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021 | 0.59 |
The correlation between MEGI and RTXAX has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
MEGI vs. RTXAX — Risk / Return Rank
MEGI
RTXAX
MEGI vs. RTXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). 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.
| MEGI | RTXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.42 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 5.06 | -3.13 |
| Martin ratioReturn relative to average drawdown | 4.76 | 18.10 | -13.34 |
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Drawdowns
MEGI vs. RTXAX - Drawdown Comparison
The maximum MEGI drawdown since its inception was -39.48%, roughly equal to the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for MEGI and RTXAX.
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Drawdown Indicators
| MEGI | RTXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -40.68% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -5.21% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -17.13% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.63% | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.89% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -7.64% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 1.46% | +2.39% |
Volatility
MEGI vs. RTXAX - Volatility Comparison
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) has a higher volatility of 3.55% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 2.50%. This indicates that MEGI's price experiences larger fluctuations and is considered to be riskier than RTXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEGI | RTXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.50% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 8.30% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 10.89% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 15.75% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.64% | 19.90% | -0.26% |
MEGI vs. RTXAX - Expense Ratio Comparison
MEGI has a 0.02% expense ratio, which is lower than RTXAX's 1.33% expense ratio.
Dividends
MEGI vs. RTXAX - Dividend Comparison
MEGI's dividend yield for the trailing twelve months is around 9.80%, more than RTXAX's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund | 9.80% | 10.90% | 12.33% | 10.66% | 9.52% | 0.00% | 0.00% | 0.00% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 2.44% | 2.86% | 2.05% | 1.98% | 3.11% | 1.74% | 1.71% | 0.84% |
Frequently Asked Questions
MEGI and RTXAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGI has higher volatility (3.55%) compared to RTXAX (2.50%). In terms of maximum drawdown, MEGI dropped -39.48% vs RTXAX's -40.68%.
RTXAX currently has the higher Sharpe Ratio (2.44 vs 1.34), 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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