REAYX vs. OXLC
REAYX (Russell Investments Equity Income Fund) is Dividend fund managed by Russell, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past 5 years, REAYX returned 10.64%/yr vs -1.74%/yr for OXLC. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
REAYX vs. OXLC - Performance Comparison
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Returns By Period
In the year-to-date period, REAYX achieves a 17.51% return, which is significantly higher than OXLC's -2.62% return.
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%
OXLC
- 1D
- 2.12%
- 1M
- 6.34%
- 6M
- 14.48%
- YTD
- -2.62%
- 1Y
- -6.01%
- 3Y*
- -3.45%
- 5Y*
- -1.74%
- 10Y*
- 5.56%
- ALL TIME*
- 4.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.22M | $7.92M | $9.50M | |
| $0.00 | $0.00 | $0.00 |
REAYX vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
OXLC Oxford Lane Capital Corp. | -2.62% | -24.38% | 24.58% | 16.52% | -24.15% | 59.91% | -15.79% | -0.98% | 12.86% | 3.88% |
Correlation
The correlation between REAYX and OXLC is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.33 |
The correlation between REAYX and OXLC shifts across timeframes, from 0.19 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
REAYX vs. OXLC — Risk / Return Rank
REAYX
OXLC
REAYX vs. OXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Equity Income Fund (REAYX) and Oxford Lane Capital Corp. (OXLC). 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 | OXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.00 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | -0.18 | +3.96 |
| Martin ratioReturn relative to average drawdown | 14.86 | -0.34 | +15.19 |
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Drawdowns
REAYX vs. OXLC - Drawdown Comparison
The maximum REAYX drawdown since its inception was -36.87%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for REAYX and OXLC.
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Drawdown Indicators
| REAYX | OXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.87% | -74.58% | +37.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -47.99% | +41.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.66% | -57.17% | +36.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.66% | -57.17% | +36.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.58% | — |
Current DrawdownCurrent decline from peak | -0.67% | -30.25% | +29.58% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -14.19% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 24.92% | -23.22% |
Volatility
REAYX vs. OXLC - Volatility Comparison
The current volatility for Russell Investments Equity Income Fund (REAYX) is 3.04%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 6.14%. This indicates that REAYX experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REAYX | OXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 6.14% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 37.20% | -29.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.46% | 43.07% | -32.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 28.65% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 43.31% | -24.86% |
Dividends
REAYX vs. OXLC - Dividend Comparison
REAYX's dividend yield for the trailing twelve months is around 12.84%, less than OXLC's 66.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 66.85% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
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
REAYX and OXLC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (6.14%) compared to REAYX (3.04%). In terms of maximum drawdown, REAYX dropped -36.87% vs OXLC's -74.58%.
REAYX currently has the higher Sharpe Ratio (2.41 vs -0.20), 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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