REAYX vs. RGEAX

Last updated Jun 4, 2026

REAYX (Russell Investments Equity Income Fund) and RGEAX (Russell Investments Global Equity Fund) are both mutual funds - REAYX is a Large Cap Value Equities fund managed by Russell, while RGEAX is a Global Equities fund managed by Russell. Over the past 5 years, REAYX returned 9.59%/yr vs 10.58%/yr for RGEAX. Their correlation of 0.89 suggests significant overlap in exposure. REAYX charges 0.66%/yr vs 1.24%/yr for RGEAX.

Performance

REAYX vs. RGEAX - Performance Comparison

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

Returns By Period

In the year-to-date period, REAYX achieves a 11.30% return, which is significantly higher than RGEAX's 9.73% return.

REAYX

• 1D: 0.76%
• 1M: 3.32%
• YTD: 11.30%
• 6M: 12.30%
• 1Y: 23.50%
• 3Y*: 16.56%
• 5Y*: 9.59%
• 10Y*: —

RGEAX

• 1D: 0.08%
• 1M: 4.32%
• YTD: 9.73%
• 6M: 10.49%
• 1Y: 25.31%
• 3Y*: 19.00%
• 5Y*: 10.58%
• 10Y*: 12.31%

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

REAYX vs. RGEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REAYX Russell Investments Equity Income Fund	11.30%	14.66%	11.90%	12.50%	-8.86%	27.01%	9.06%	29.57%	-8.60%	13.19%
RGEAX Russell Investments Global Equity Fund	9.73%	20.92%	15.25%	22.12%	-16.78%	22.30%	12.95%	25.89%	-9.41%	15.04%

Correlation

The correlation between REAYX and RGEAX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 2, 2017	0.89

The correlation between REAYX and RGEAX shifts across timeframes, from 0.73 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

REAYX vs. RGEAX — Risk / Return Rank

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

REAYX

REAYX Risk / Return Rank: 70
REAYX Sharpe Ratio Rank: 68
REAYX Sortino Ratio Rank: 70
REAYX Omega Ratio Rank: 59
REAYX Calmar Ratio Rank: 80
REAYX Martin Ratio Rank: 75

RGEAX

RGEAX Risk / Return Rank: 53
RGEAX Sharpe Ratio Rank: 54
RGEAX Sortino Ratio Rank: 51
RGEAX Omega Ratio Rank: 51
RGEAX Calmar Ratio Rank: 50
RGEAX Martin Ratio Rank: 62

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. RGEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Equity Income Fund (REAYX) and Russell Investments Global Equity Fund (RGEAX). 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.

	REAYX	RGEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.16	+0.25
Sortino ratio: Return per unit of downside risk	3.49	3.02	+0.47
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.68	2.70	+0.98
Martin ratio: Return relative to average drawdown	14.13	12.28	+1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REAYX vs. RGEAX - Sharpe Ratio Comparison

The current REAYX Sharpe Ratio is 2.41, which is comparable to the RGEAX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of REAYX and RGEAX, 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

	REAYX	RGEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.16	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.65	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.39	+0.23

Drawdowns

REAYX vs. RGEAX - Drawdown Comparison

The maximum REAYX drawdown since its inception was -36.87%, smaller than the maximum RGEAX drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for REAYX and RGEAX.

Drawdown Indicators

	REAYX	RGEAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.87%	-56.78%	+19.91%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-9.51%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-20.66%	-20.24%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-20.66%	-25.91%	+5.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.85%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.93%	-9.14%	+4.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.09%	-0.36%

Volatility

REAYX vs. RGEAX - Volatility Comparison

The current volatility for Russell Investments Equity Income Fund (REAYX) is 2.70%, while Russell Investments Global Equity Fund (RGEAX) has a volatility of 3.01%. This indicates that REAYX experiences smaller price fluctuations and is considered to be less risky than RGEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REAYX	RGEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	3.01%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	9.19%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	11.91%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	16.48%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	17.18%	+1.38%

REAYX vs. RGEAX - Expense Ratio Comparison

REAYX has a 0.66% expense ratio, which is lower than RGEAX's 1.24% expense ratio.

Dividends

REAYX vs. RGEAX - Dividend Comparison

REAYX's dividend yield for the trailing twelve months is around 13.50%, more than RGEAX's 7.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REAYX Russell Investments Equity Income Fund	13.50%	15.24%	15.38%	13.55%	19.72%	10.47%	3.61%	1.86%	45.26%	14.47%	0.00%	0.00%
RGEAX Russell Investments Global Equity Fund	7.59%	8.33%	7.28%	1.04%	1.67%	6.85%	29.97%	13.77%	15.65%	13.13%	8.21%	11.12%

Frequently Asked Questions

Can I hold both REAYX and RGEAX in my portfolio?

REAYX and RGEAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REAYX or RGEAX?

RGEAX has higher volatility (3.01%) compared to REAYX (2.70%). In terms of maximum drawdown, REAYX dropped -36.87% vs RGEAX's -56.78%.

Which has better risk-adjusted returns?

REAYX currently has the higher Sharpe Ratio (2.41 vs 2.16), 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.