MEGI vs. RTXAX

Last updated Jun 23, 2026

MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 3 years, MEGI returned 15.18%/yr vs 10.94%/yr for RTXAX. A 0.59 correlation means they provide meaningful diversification when combined. MEGI charges 0.02%/yr vs 1.33%/yr for RTXAX.

Performance

MEGI vs. RTXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MEGI having a 14.17% return and RTXAX slightly higher at 14.49%.

MEGI

• 1D: -0.26%
• 1M: -1.95%
• YTD: 14.17%
• 6M: 15.43%
• 1Y: 19.19%
• 3Y*: 15.18%
• 5Y*: —
• 10Y*: —

RTXAX

• 1D: -0.07%
• 1M: -2.43%
• YTD: 14.49%
• 6M: 14.66%
• 1Y: 25.14%
• 3Y*: 10.94%
• 5Y*: 6.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEGI vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund	14.17%	26.19%	5.19%	5.52%	-23.32%	-3.50%
RTXAX Russell Investment Tax-Managed Real Assets Fund	14.49%	13.56%	1.50%	7.40%	-11.66%	2.41%

Correlation

The correlation between MEGI and RTXAX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	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 0.54 to 0.59 - a consistent structural relationship.

Return for Risk

MEGI vs. RTXAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEGI

MEGI Risk / Return Rank: 27
MEGI Sharpe Ratio Rank: 26
MEGI Sortino Ratio Rank: 27
MEGI Omega Ratio Rank: 26
MEGI Calmar Ratio Rank: 32
MEGI Martin Ratio Rank: 22

RTXAX

RTXAX Risk / Return Rank: 76
RTXAX Sharpe Ratio Rank: 70
RTXAX Sortino Ratio Rank: 65
RTXAX Omega Ratio Rank: 58
RTXAX Calmar Ratio Rank: 93
RTXAX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	1.38	2.24	-0.86
Sortino ratio: Return per unit of downside risk	2.02	3.06	-1.04
Omega ratio: Gain probability vs. loss probability	1.25	1.39	-0.14
Calmar ratio: Return relative to maximum drawdown	2.02	4.75	-2.73
Martin ratio: Return relative to average drawdown	4.99	17.79	-12.80

MEGI vs. RTXAX - Sharpe Ratio Comparison

The current MEGI Sharpe Ratio is 1.38, which is lower than the RTXAX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of MEGI and RTXAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	MEGI	RTXAX	Difference
Max Drawdown Largest 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	-22.53%	-17.13%	-5.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.63%	—
Current Drawdown Current decline from peak	-2.45%	-2.99%	+0.54%
Average Drawdown Average peak-to-trough decline	-14.51%	-7.74%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	1.39%	+2.47%

Volatility

MEGI vs. RTXAX - Volatility Comparison

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Russell Investment Tax-Managed Real Assets Fund (RTXAX) have volatilities of 3.36% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEGI	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.42%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	8.33%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	11.05%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.78%	15.84%	+3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	20.03%	-0.25%

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 9.96%, more than RTXAX's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund	9.96%	10.90%	12.33%	10.66%	9.52%	0.00%	0.00%	0.00%
RTXAX Russell Investment Tax-Managed Real Assets Fund	2.50%	2.86%	2.05%	1.98%	3.11%	1.74%	1.71%	0.84%

Frequently Asked Questions

Can I hold both MEGI and RTXAX in my portfolio?

MEGI and RTXAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEGI or RTXAX?

RTXAX has higher volatility (3.42%) compared to MEGI (3.36%). In terms of maximum drawdown, MEGI dropped -39.48% vs RTXAX's -40.68%.

Which has better risk-adjusted returns?

RTXAX currently has the higher Sharpe Ratio (2.24 vs 1.38), 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.