PAXGX vs. RTXAX

Last updated Apr 1, 2026

Compare and contrast key facts about Pax Global Opportunities Fund (PAXGX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX).

PAXGX is managed by Pax World. It was launched on Jun 26, 2018. RTXAX is managed by BlackRock. It was launched on Jun 9, 2019.

Performance

PAXGX vs. RTXAX - Performance Comparison

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

PAXGX vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PAXGX Pax Global Opportunities Fund	-9.44%	9.48%	6.16%	15.16%	-18.86%	18.71%	22.76%	8.86%
RTXAX Russell Investment Tax-Managed Real Assets Fund	11.49%	13.56%	1.50%	7.40%	-11.66%	26.57%	3.73%	6.17%

Returns By Period

In the year-to-date period, PAXGX achieves a -9.44% return, which is significantly lower than RTXAX's 11.49% return.

PAXGX

• 1D: -0.26%
• 1M: -10.41%
• YTD: -9.44%
• 6M: -10.07%
• 1Y: 1.33%
• 3Y*: 3.86%
• 5Y*: 2.95%
• 10Y*: —

RTXAX

• 1D: 0.13%
• 1M: -2.88%
• YTD: 11.49%
• 6M: 14.38%
• 1Y: 24.85%
• 3Y*: 10.58%
• 5Y*: 7.43%
• 10Y*: —

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

PAXGX vs. RTXAX - Expense Ratio Comparison

PAXGX has a 1.21% expense ratio, which is lower than RTXAX's 1.33% expense ratio.

RTXAX

Russell Investment Tax-Managed Real Assets Fund

PAXGX

Pax Global Opportunities Fund

Return for Risk

PAXGX vs. RTXAX — Risk / Return Rank

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

PAXGX

PAXGX Risk / Return Rank: 6
PAXGX Sharpe Ratio Rank: 6
PAXGX Sortino Ratio Rank: 6
PAXGX Omega Ratio Rank: 6
PAXGX Calmar Ratio Rank: 6
PAXGX Martin Ratio Rank: 6

RTXAX

RTXAX Risk / Return Rank: 85
RTXAX Sharpe Ratio Rank: 86
RTXAX Sortino Ratio Rank: 85
RTXAX Omega Ratio Rank: 84
RTXAX Calmar Ratio Rank: 79
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.

PAXGX vs. RTXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax Global Opportunities Fund (PAXGX) 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.

	PAXGX	RTXAX	Difference
Sharpe ratio Return per unit of total volatility	0.07	1.69	-1.62
Sortino ratio Return per unit of downside risk	0.23	2.24	-2.01
Omega ratio Gain probability vs. loss probability	1.03	1.35	-0.32
Calmar ratio Return relative to maximum drawdown	-0.03	1.89	-1.92
Martin ratio Return relative to average drawdown	-0.10	10.79	-10.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAXGX vs. RTXAX - Sharpe Ratio Comparison

The current PAXGX Sharpe Ratio is 0.07, which is lower than the RTXAX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of PAXGX and RTXAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAXGX	RTXAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	1.69	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.47	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.40	+0.01

Correlation

The correlation between PAXGX and RTXAX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PAXGX vs. RTXAX - Dividend Comparison

PAXGX's dividend yield for the trailing twelve months is around 7.59%, more than RTXAX's 2.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
PAXGX Pax Global Opportunities Fund	7.59%	6.87%	2.82%	0.21%	1.30%	1.79%	0.80%	1.77%
RTXAX Russell Investment Tax-Managed Real Assets Fund	2.57%	2.86%	2.05%	1.98%	3.11%	1.74%	1.71%	0.84%

Drawdowns

PAXGX vs. RTXAX - Drawdown Comparison

The maximum PAXGX drawdown since its inception was -30.63%, smaller than the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for PAXGX and RTXAX.

Drawdown Indicators

	PAXGX	RTXAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.63%	-40.68%	+10.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-13.11%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-30.37%	-24.63%	-5.74%
Current Drawdown Current decline from peak	-12.28%	-3.32%	-8.96%
Average Drawdown Average peak-to-trough decline	-6.64%	-7.96%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	2.29%	+1.20%

Volatility

PAXGX vs. RTXAX - Volatility Comparison

Pax Global Opportunities Fund (PAXGX) has a higher volatility of 5.46% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 4.12%. This indicates that PAXGX'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.

Volatility by Period

	PAXGX	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	4.12%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	8.24%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	15.04%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	15.85%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	20.26%	-1.80%