REAYX vs. MALVX

Last updated Jul 16, 2026

REAYX (Russell Investments Equity Income Fund) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 5 years, REAYX returned 10.26%/yr vs 12.80%/yr for MALVX. With a 0.95 correlation, they move nearly in lockstep. REAYX charges 0.66%/yr vs 0.54%/yr for MALVX.

Performance

REAYX vs. MALVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments Equity Income Fund (REAYX) and BlackRock Advantage Large Cap Value Fund (MALVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REAYX achieves a 14.85% return, which is significantly lower than MALVX's 20.29% return.

REAYX

• 1D: -0.65%
• 1M: 1.30%
• 6M: 11.28%
• YTD: 14.85%
• 1Y: 23.99%
• 3Y*: 16.12%
• 5Y*: 10.26%
• 10Y*: —

MALVX

• 1D: -0.43%
• 1M: 1.01%
• 6M: 16.57%
• YTD: 20.29%
• 1Y: 35.68%
• 3Y*: 20.73%
• 5Y*: 12.80%
• 10Y*: 12.69%

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

REAYX vs. MALVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REAYX Russell Investments Equity Income Fund	14.85%	14.66%	11.90%	12.50%	-8.86%	27.01%	9.06%	29.57%	-8.60%	13.19%
MALVX BlackRock Advantage Large Cap Value Fund	20.29%	18.38%	15.39%	13.74%	-8.68%	26.51%	3.91%	24.74%	-7.74%	9.32%

Correlation

The correlation between REAYX and MALVX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017	0.95

The correlation between REAYX and MALVX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

REAYX vs. MALVX — Risk / Return Rank

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

REAYX

REAYX Risk / Return Rank: 84
REAYX Sharpe Ratio Rank: 83
REAYX Sortino Ratio Rank: 83
REAYX Omega Ratio Rank: 79
REAYX Calmar Ratio Rank: 87
REAYX Martin Ratio Rank: 88

MALVX

MALVX Risk / Return Rank: 95
MALVX Sharpe Ratio Rank: 97
MALVX Sortino Ratio Rank: 94
MALVX Omega Ratio Rank: 90
MALVX Calmar Ratio Rank: 97
MALVX Martin Ratio Rank: 98

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.

REAYX vs. MALVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Equity Income Fund (REAYX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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.

	REAYX	MALVX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	3.03	-0.86
Sortino ratio: Return per unit of downside risk	3.16	4.23	-1.08
Omega ratio: Gain probability vs. loss probability	1.39	1.55	-0.17
Calmar ratio: Return relative to maximum drawdown	3.40	5.24	-1.84
Martin ratio: Return relative to average drawdown	13.02	23.86	-10.84

REAYX vs. MALVX - Sharpe Ratio Comparison

The current REAYX Sharpe Ratio is 2.17, which is comparable to the MALVX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of REAYX and MALVX, 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

REAYX vs. MALVX - Drawdown Comparison

The maximum REAYX drawdown since its inception was -36.87%, smaller than the maximum MALVX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for REAYX and MALVX.

Drawdown Indicators

	REAYX	MALVX	Difference
Max Drawdown Largest peak-to-trough decline	-36.87%	-55.21%	+18.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-6.53%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-20.66%	-16.13%	-4.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.66%	-19.73%	-0.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.12%	—
Current Drawdown Current decline from peak	-0.65%	-0.43%	-0.22%
Average Drawdown Average peak-to-trough decline	-4.88%	-8.72%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.43%	+0.31%

Volatility

REAYX vs. MALVX - Volatility Comparison

The current volatility for Russell Investments Equity Income Fund (REAYX) is 2.84%, while BlackRock Advantage Large Cap Value Fund (MALVX) has a volatility of 3.35%. This indicates that REAYX experiences smaller price fluctuations and is considered to be less risky than MALVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REAYX	MALVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.35%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	8.91%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	11.29%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	14.81%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.48%	17.25%	+1.23%

REAYX vs. MALVX - Expense Ratio Comparison

REAYX has a 0.66% expense ratio, which is higher than MALVX's 0.54% expense ratio.

Dividends

REAYX vs. MALVX - Dividend Comparison

REAYX's dividend yield for the trailing twelve months is around 13.14%, more than MALVX's 7.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALVX BlackRock Advantage Large Cap Value Fund	7.67%	9.23%	14.33%	2.84%	5.96%	17.48%	1.68%	3.92%	12.95%	0.43%	1.38%	1.01%
REAYX Russell Investments Equity Income Fund	13.14%	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

Can I hold both REAYX and MALVX in my portfolio?

With a correlation of 0.91, REAYX and MALVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, REAYX or MALVX?

MALVX has higher volatility (3.35%) compared to REAYX (2.84%). In terms of maximum drawdown, REAYX dropped -36.87% vs MALVX's -55.21%.

Which has better risk-adjusted returns?

MALVX currently has the higher Sharpe Ratio (3.03 vs 2.17), 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.