REAYX vs. RSEAX

Last updated Aug 1, 2026

REAYX (Russell Investments Equity Income Fund) and RSEAX (Russell Investments U.S. Strategic Equity Fund) are both mutual funds - REAYX is a Dividend fund managed by Russell, while RSEAX is a Large Cap Blend Equities fund managed by Russell. Over the past 5 years, REAYX returned 10.64%/yr vs 9.28%/yr for RSEAX. Their correlation of 0.88 means they have usually moved in the same direction. REAYX charges 0.66%/yr vs 0.99%/yr for RSEAX.

Performance

REAYX vs. RSEAX - Performance Comparison

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

Returns By Period

In the year-to-date period, REAYX achieves a 17.51% return, which is significantly higher than RSEAX's 8.94% 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%

RSEAX

• 1D: 1.56%
• 1M: 0.22%
• 6M: 8.17%
• YTD: 8.94%
• 1Y: 18.17%
• 3Y*: 16.55%
• 5Y*: 9.28%
• 10Y*: 12.66%
• ALL TIME*: 12.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
REAYX Russell Investments Equity Income Fund	$0.00	$0.00	$0.00
RSEAX Russell Investments U.S. Strategic Equity Fund	$0.00	$0.00	$0.00

REAYX vs. RSEAX - 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%
RSEAX Russell Investments U.S. Strategic Equity Fund	8.94%	14.44%	19.90%	26.15%	-21.05%	20.19%	23.44%	29.58%	-9.98%	14.72%

Correlation

The correlation between REAYX and RSEAX is 0.67, 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.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017	0.88

Over the past year, the correlation between REAYX and RSEAX has dropped to 0.67 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

REAYX vs. RSEAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

REAYX

REAYX Risk / Return Rank: 91
REAYX Sharpe Ratio Rank: 93
REAYX Sortino Ratio Rank: 91
REAYX Omega Ratio Rank: 86
REAYX Calmar Ratio Rank: 93
REAYX Martin Ratio Rank: 94

RSEAX

RSEAX Risk / Return Rank: 42
RSEAX Sharpe Ratio Rank: 41
RSEAX Sortino Ratio Rank: 39
RSEAX Omega Ratio Rank: 40
RSEAX Calmar Ratio Rank: 41
RSEAX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

REAYX vs. RSEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Equity Income Fund (REAYX) and Russell Investments U.S. Strategic Equity Fund (RSEAX). 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	RSEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.25	+1.17
Sortino ratio: Return per unit of downside risk	3.50	1.76	+1.74
Omega ratio: Gain probability vs. loss probability	1.43	1.22	+0.21
Calmar ratio: Return relative to maximum drawdown	3.78	1.72	+2.07
Martin ratio: Return relative to average drawdown	14.86	6.98	+7.88

REAYX vs. RSEAX - Sharpe Ratio Comparison

The current REAYX Sharpe Ratio is 2.41, which is higher than the RSEAX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of REAYX and RSEAX, 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. RSEAX - Drawdown Comparison

The maximum REAYX drawdown since its inception was -36.87%, which is greater than RSEAX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for REAYX and RSEAX.

Drawdown Indicators

	REAYX	RSEAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.87%	-34.37%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-9.19%	+2.53%
Max Drawdown (3Y) Largest decline over 3 years	-20.66%	-25.68%	+5.02%
Max Drawdown (5Y) Largest decline over 5 years	-20.66%	-27.52%	+6.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.37%	—
Current Drawdown Current decline from peak	-0.67%	-1.51%	+0.84%
Average Drawdown Average peak-to-trough decline	-4.85%	-4.87%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	2.25%	-0.55%

Volatility

REAYX vs. RSEAX - Volatility Comparison

The current volatility for Russell Investments Equity Income Fund (REAYX) is 3.04%, while Russell Investments U.S. Strategic Equity Fund (RSEAX) has a volatility of 3.36%. This indicates that REAYX experiences smaller price fluctuations and is considered to be less risky than RSEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REAYX	RSEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.36%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	9.82%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.46%	12.64%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	18.56%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	18.84%	-0.39%

REAYX vs. RSEAX - Expense Ratio Comparison

REAYX has a 0.66% expense ratio, which is lower than RSEAX's 0.99% expense ratio.

Dividends

REAYX vs. RSEAX - Dividend Comparison

REAYX's dividend yield for the trailing twelve months is around 12.84%, more than RSEAX's 10.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RSEAX Russell Investments U.S. Strategic Equity Fund	10.68%	11.81%	10.74%	4.04%	6.61%	7.64%	0.52%	5.07%	23.30%	9.12%	5.47%	6.41%

Frequently Asked Questions

Can I hold both REAYX and RSEAX in my portfolio?

REAYX and RSEAX have a correlation of 0.67, 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 RSEAX?

RSEAX has higher volatility (3.36%) compared to REAYX (3.04%). In terms of maximum drawdown, REAYX dropped -36.87% vs RSEAX's -34.37%.

Which has better risk-adjusted returns?

REAYX currently has the higher Sharpe Ratio (2.41 vs 1.25), 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.