NQGIX vs. REAYX
NQGIX (Nuveen Global Equity Income Fund) and REAYX (Russell Investments Equity Income Fund) are both Dividend funds. Over the past 5 years, NQGIX returned 12.10%/yr vs 10.64%/yr for REAYX. Their correlation of 0.89 means they have usually moved in the same direction. NQGIX charges 0.85%/yr vs 0.66%/yr for REAYX.
Performance
NQGIX vs. REAYX - Performance Comparison
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Returns By Period
In the year-to-date period, NQGIX achieves a 12.98% return, which is significantly lower than REAYX's 17.51% return.
NQGIX
- 1D
- 1.18%
- 1M
- 2.70%
- 6M
- 8.02%
- YTD
- 12.98%
- 1Y
- 25.82%
- 3Y*
- 18.69%
- 5Y*
- 12.10%
- 10Y*
- 10.30%
- ALL TIME*
- 8.20%
REAYX
- 1D
- 0.19%
- 1M
- 2.24%
- 6M
- 13.47%
- YTD
- 17.51%
- 1Y
- 27.49%
- 3Y*
- 15.76%
- 5Y*
- 10.64%
- 10Y*
- —
- ALL TIME*
- 11.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NQGIX vs. REAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NQGIX Nuveen Global Equity Income Fund | 12.98% | 27.36% | 12.36% | 14.50% | -9.28% | 22.55% | 1.26% | 24.40% | -14.41% | 14.73% |
REAYX Russell Investments Equity Income Fund | 17.51% | 14.66% | 11.90% | 12.50% | -8.86% | 27.01% | 9.06% | 29.57% | -8.60% | 13.19% |
Correlation
The correlation between NQGIX and REAYX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.89 |
The correlation between NQGIX and REAYX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
NQGIX vs. REAYX — Risk / Return Rank
NQGIX
REAYX
NQGIX vs. REAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global Equity Income Fund (NQGIX) and Russell Investments Equity Income Fund (REAYX). 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.
| NQGIX | REAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 3.78 | -0.36 |
| Martin ratioReturn relative to average drawdown | 13.29 | 14.86 | -1.57 |
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Drawdowns
NQGIX vs. REAYX - Drawdown Comparison
The maximum NQGIX drawdown since its inception was -38.52%, roughly equal to the maximum REAYX drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for NQGIX and REAYX.
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Drawdown Indicators
| NQGIX | REAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -36.87% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -6.66% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -20.66% | +7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -20.66% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.67% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.85% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.70% | +0.17% |
Volatility
NQGIX vs. REAYX - Volatility Comparison
Nuveen Global Equity Income Fund (NQGIX) and Russell Investments Equity Income Fund (REAYX) have volatilities of 3.05% and 3.04%, 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.
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Volatility by Period
| NQGIX | REAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.04% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 7.84% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 10.46% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 16.74% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 18.45% | -2.84% |
NQGIX vs. REAYX - Expense Ratio Comparison
NQGIX has a 0.85% expense ratio, which is higher than REAYX's 0.66% expense ratio.
Dividends
NQGIX vs. REAYX - Dividend Comparison
NQGIX's dividend yield for the trailing twelve months is around 2.31%, less than REAYX's 12.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NQGIX Nuveen Global Equity Income Fund | 2.31% | 2.28% | 2.52% | 2.54% | 5.17% | 3.33% | 2.71% | 2.95% | 5.85% | 4.03% | 2.41% | 3.31% |
REAYX Russell Investments Equity Income Fund | 12.84% | 15.24% | 15.38% | 13.55% | 19.72% | 10.47% | 3.61% | 1.86% | 45.26% | 14.47% | 0.00% | 0.00% |
Frequently Asked Questions
NQGIX and REAYX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NQGIX has higher volatility (3.05%) compared to REAYX (3.04%). In terms of maximum drawdown, NQGIX dropped -38.52% vs REAYX's -36.87%.
REAYX currently has the higher Sharpe Ratio (2.41 vs 2.30), 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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