QDVSX vs. RTXAX

Last updated Jun 4, 2026

QDVSX (Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 5 years, QDVSX returned 14.44%/yr vs 6.43%/yr for RTXAX. A 0.71 correlation means they provide meaningful diversification when combined. QDVSX charges 0.00%/yr vs 1.33%/yr for RTXAX.

Performance

QDVSX vs. RTXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans (QDVSX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDVSX achieves a 11.16% return, which is significantly lower than RTXAX's 16.52% return.

QDVSX

• 1D: 0.76%
• 1M: 5.81%
• YTD: 11.16%
• 6M: 13.50%
• 1Y: 35.70%
• 3Y*: 24.25%
• 5Y*: 14.44%
• 10Y*: —

RTXAX

• 1D: 1.04%
• 1M: -0.39%
• YTD: 16.52%
• 6M: 16.24%
• 1Y: 27.87%
• 3Y*: 12.66%
• 5Y*: 6.43%
• 10Y*: —

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

QDVSX vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QDVSX Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans	11.16%	26.93%	20.05%	37.93%	-23.98%	21.38%	27.22%	0.50%
RTXAX Russell Investment Tax-Managed Real Assets Fund	16.52%	13.56%	1.50%	7.40%	-11.66%	26.57%	3.73%	2.90%

Correlation

The correlation between QDVSX 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	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019	0.71

The correlation between QDVSX and RTXAX shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QDVSX vs. RTXAX — Risk / Return Rank

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

QDVSX

QDVSX Risk / Return Rank: 83
QDVSX Sharpe Ratio Rank: 88
QDVSX Sortino Ratio Rank: 84
QDVSX Omega Ratio Rank: 79
QDVSX Calmar Ratio Rank: 83
QDVSX Martin Ratio Rank: 82

RTXAX

RTXAX Risk / Return Rank: 81
RTXAX Sharpe Ratio Rank: 79
RTXAX Sortino Ratio Rank: 72
RTXAX Omega Ratio Rank: 66
RTXAX Calmar Ratio Rank: 93
RTXAX Martin Ratio Rank: 94

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.

QDVSX vs. RTXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans (QDVSX) 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.

	QDVSX	RTXAX	Difference
Sharpe ratio: Return per unit of total volatility	2.89	2.59	+0.30
Sortino ratio: Return per unit of downside risk	4.00	3.52	+0.48
Omega ratio: Gain probability vs. loss probability	1.52	1.45	+0.07
Calmar ratio: Return relative to maximum drawdown	3.88	5.36	-1.47
Martin ratio: Return relative to average drawdown	15.28	20.98	-5.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVSX vs. RTXAX - Sharpe Ratio Comparison

The current QDVSX Sharpe Ratio is 2.89, which is comparable to the RTXAX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of QDVSX 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.

Sharpe Ratios by Period

	QDVSX	RTXAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	2.59	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.41	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.43	+0.38

Drawdowns

QDVSX vs. RTXAX - Drawdown Comparison

The maximum QDVSX drawdown since its inception was -33.56%, smaller than the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for QDVSX and RTXAX.

Drawdown Indicators

	QDVSX	RTXAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.56%	-40.68%	+7.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-5.21%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-17.13%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-33.56%	-24.63%	-8.93%
Current Drawdown Current decline from peak	0.00%	-1.27%	+1.27%
Average Drawdown Average peak-to-trough decline	-6.73%	-7.78%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	1.33%	+1.05%

Volatility

QDVSX vs. RTXAX - Volatility Comparison

Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans (QDVSX) has a higher volatility of 3.62% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 3.03%. This indicates that QDVSX'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

	QDVSX	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	3.03%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	8.05%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	10.79%	+1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	15.83%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	20.07%	+1.02%

QDVSX vs. RTXAX - Expense Ratio Comparison

QDVSX has a 0.00% expense ratio, which is lower than RTXAX's 1.33% expense ratio.

Dividends

QDVSX vs. RTXAX - Dividend Comparison

QDVSX's dividend yield for the trailing twelve months is around 11.17%, more than RTXAX's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QDVSX Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans	11.17%	12.42%	4.92%	5.99%	1.65%	1.02%	1.30%	0.00%
RTXAX Russell Investment Tax-Managed Real Assets Fund	2.46%	2.86%	2.05%	1.98%	3.11%	1.74%	1.71%	0.84%

Frequently Asked Questions

Can I hold both QDVSX and RTXAX in my portfolio?

QDVSX 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, QDVSX or RTXAX?

QDVSX has higher volatility (3.62%) compared to RTXAX (3.03%). In terms of maximum drawdown, QDVSX dropped -33.56% vs RTXAX's -40.68%.

Which has better risk-adjusted returns?

QDVSX currently has the higher Sharpe Ratio (2.89 vs 2.59), 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.