PGEKX vs. RTXAX
PGEKX (Victory Pioneer Global Equity Fund Class R6) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 5 years, PGEKX returned 15.59%/yr vs 6.50%/yr for RTXAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PGEKX charges 0.73%/yr vs 1.33%/yr for RTXAX.
Performance
PGEKX vs. RTXAX - Performance Comparison
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Returns By Period
In the year-to-date period, PGEKX achieves a 15.04% return, which is significantly lower than RTXAX's 17.12% return.
PGEKX
- 1D
- 1.18%
- 1M
- 1.10%
- 6M
- 9.49%
- YTD
- 15.04%
- 1Y
- 34.73%
- 3Y*
- 23.43%
- 5Y*
- 15.59%
- 10Y*
- 13.94%
- ALL TIME*
- 12.05%
RTXAX
- 1D
- -0.32%
- 1M
- 1.63%
- 6M
- 10.40%
- YTD
- 17.12%
- 1Y
- 27.71%
- 3Y*
- 11.13%
- 5Y*
- 6.50%
- 10Y*
- —
- ALL TIME*
- 8.48%
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 |
PGEKX vs. RTXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PGEKX Victory Pioneer Global Equity Fund Class R6 | 15.04% | 41.73% | 11.88% | 17.16% | -9.41% | 23.83% | 18.36% | 14.08% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 17.12% | 13.56% | 1.50% | 7.40% | -11.66% | 26.57% | 3.73% | 6.17% |
Correlation
The correlation between PGEKX and RTXAX is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.78 |
Over the past year, the correlation between PGEKX and RTXAX has dropped to 0.57 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
PGEKX vs. RTXAX — Risk / Return Rank
PGEKX
RTXAX
PGEKX vs. RTXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Global Equity Fund Class R6 (PGEKX) 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.
| PGEKX | RTXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 5.23 | -1.88 |
| Martin ratioReturn relative to average drawdown | 12.79 | 18.69 | -5.90 |
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Drawdowns
PGEKX vs. RTXAX - Drawdown Comparison
The maximum PGEKX drawdown since its inception was -33.42%, smaller than the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for PGEKX and RTXAX.
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Drawdown Indicators
| PGEKX | RTXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.42% | -40.68% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -5.21% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -17.13% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -24.63% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.42% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -1.20% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -7.64% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 1.45% | +1.15% |
Volatility
PGEKX vs. RTXAX - Volatility Comparison
Victory Pioneer Global Equity Fund Class R6 (PGEKX) has a higher volatility of 4.26% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 2.45%. This indicates that PGEKX'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
| PGEKX | RTXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 2.45% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 8.27% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 10.82% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 15.75% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 19.89% | -3.12% |
PGEKX vs. RTXAX - Expense Ratio Comparison
PGEKX has a 0.73% expense ratio, which is lower than RTXAX's 1.33% expense ratio.
Dividends
PGEKX vs. RTXAX - Dividend Comparison
PGEKX's dividend yield for the trailing twelve months is around 10.26%, more than RTXAX's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGEKX Victory Pioneer Global Equity Fund Class R6 | 10.26% | 11.80% | 8.09% | 1.91% | 6.18% | 21.47% | 1.26% | 1.37% | 11.04% | 1.83% | 1.76% | 1.10% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 2.44% | 2.86% | 2.05% | 1.98% | 3.11% | 1.74% | 1.71% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGEKX and RTXAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGEKX has higher volatility (4.26%) compared to RTXAX (2.45%). In terms of maximum drawdown, PGEKX dropped -33.42% vs RTXAX's -40.68%.
RTXAX currently has the higher Sharpe Ratio (2.53 vs 2.33), 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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