REBYX vs. REAYX
REBYX (Russell Investments U.S. Small Cap Equity Fund) and REAYX (Russell Investments Equity Income Fund) are both mutual funds - REBYX is a Small Cap Blend Equities fund managed by Russell, while REAYX is a Dividend fund managed by Russell. Over the past 5 years, REBYX returned 7.26%/yr vs 10.64%/yr for REAYX. Their correlation of 0.86 means they have usually moved in the same direction. REBYX charges 0.90%/yr vs 0.66%/yr for REAYX.
Performance
REBYX vs. REAYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REBYX achieves a 20.86% return, which is significantly higher than REAYX's 17.51% return.
REBYX
- 1D
- 0.91%
- 1M
- -1.53%
- 6M
- 15.28%
- YTD
- 20.86%
- 1Y
- 37.68%
- 3Y*
- 13.16%
- 5Y*
- 7.26%
- 10Y*
- 9.23%
- ALL TIME*
- 7.97%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
REBYX vs. REAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REBYX Russell Investments U.S. Small Cap Equity Fund | 20.86% | 8.86% | 8.16% | 13.81% | -16.14% | 26.28% | 13.04% | 23.74% | -12.22% | 0.20% |
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% |
Correlation
The correlation between REBYX and REAYX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.86 |
The correlation between REBYX and REAYX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REBYX vs. REAYX — Risk / Return Rank
REBYX
REAYX
REBYX vs. REAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments U.S. Small Cap Equity Fund (REBYX) and Russell Investments Equity Income Fund (REAYX). 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.
| REBYX | REAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | 13.07 | 14.86 | -1.79 |
Loading charts...
Drawdowns
REBYX vs. REAYX - Drawdown Comparison
The maximum REBYX drawdown since its inception was -62.03%, which is greater than REAYX's maximum drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for REBYX and REAYX.
Loading charts...
Drawdown Indicators
| REBYX | REAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -36.87% | -25.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.16% | -6.66% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -32.68% | -20.66% | -12.02% |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | -20.66% | -12.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.79% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -0.67% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -4.85% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.70% | +0.91% |
Volatility
REBYX vs. REAYX - Volatility Comparison
Russell Investments U.S. Small Cap Equity Fund (REBYX) has a higher volatility of 3.86% compared to Russell Investments Equity Income Fund (REAYX) at 3.04%. This indicates that REBYX's price experiences larger fluctuations and is considered to be riskier than REAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REBYX | REAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.04% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 7.84% | +5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 10.46% | +7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 16.74% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 18.45% | +5.03% |
REBYX vs. REAYX - Expense Ratio Comparison
REBYX has a 0.90% expense ratio, which is higher than REAYX's 0.66% expense ratio.
Dividends
REBYX vs. REAYX - Dividend Comparison
REBYX's dividend yield for the trailing twelve months is around 6.85%, less than REAYX's 12.84% 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% |
REBYX Russell Investments U.S. Small Cap Equity Fund | 6.85% | 8.28% | 13.03% | 2.64% | 5.30% | 31.12% | 0.64% | 4.46% | 18.61% | 0.33% | 0.88% | 8.23% |
Frequently Asked Questions
REBYX and REAYX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REBYX has higher volatility (3.86%) compared to REAYX (3.04%). In terms of maximum drawdown, REBYX dropped -62.03% vs REAYX's -36.87%.
REAYX currently has the higher Sharpe Ratio (2.41 vs 1.90), 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.
Find the right allocation for REBYX and REAYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer