REMSX vs. REAYX
REMSX (Russell Investments Emerging Markets Fund) and REAYX (Russell Investments Equity Income Fund) are both mutual funds - REMSX is a Emerging Markets Equities fund managed by Russell, while REAYX is a Dividend fund managed by Russell. Over the past 5 years, REMSX returned 6.56%/yr vs 10.64%/yr for REAYX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. REMSX charges 1.19%/yr vs 0.66%/yr for REAYX.
Performance
REMSX vs. REAYX - Performance Comparison
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Returns By Period
In the year-to-date period, REMSX achieves a 16.06% return, which is significantly lower than REAYX's 17.51% return.
REMSX
- 1D
- 3.01%
- 1M
- -4.52%
- 6M
- 5.98%
- YTD
- 16.06%
- 1Y
- 34.48%
- 3Y*
- 17.76%
- 5Y*
- 6.56%
- 10Y*
- 7.63%
- ALL TIME*
- 5.05%
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 |
REMSX vs. REAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REMSX Russell Investments Emerging Markets Fund | 16.06% | 33.98% | 8.16% | 8.37% | -22.59% | 0.75% | 9.85% | 19.11% | -16.74% | 23.34% |
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 REMSX and REAYX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.60 |
Over the past year, the correlation between REMSX and REAYX has dropped to 0.37 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
REMSX vs. REAYX — Risk / Return Rank
REMSX
REAYX
REMSX vs. REAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Emerging Markets Fund (REMSX) 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.
| REMSX | REAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.78 | -1.55 |
| Martin ratioReturn relative to average drawdown | 6.96 | 14.86 | -7.89 |
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Drawdowns
REMSX vs. REAYX - Drawdown Comparison
The maximum REMSX drawdown since its inception was -66.80%, which is greater than REAYX's maximum drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for REMSX and REAYX.
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Drawdown Indicators
| REMSX | REAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.80% | -36.87% | -29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -6.66% | -7.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -20.66% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -20.66% | -14.18% |
Max Drawdown (10Y)Largest decline over 10 years | -41.09% | — | — |
Current DrawdownCurrent decline from peak | -11.26% | -0.67% | -10.59% |
Average DrawdownAverage peak-to-trough decline | -19.28% | -4.85% | -14.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 1.70% | +2.75% |
Volatility
REMSX vs. REAYX - Volatility Comparison
Russell Investments Emerging Markets Fund (REMSX) has a higher volatility of 9.44% compared to Russell Investments Equity Income Fund (REAYX) at 3.04%. This indicates that REMSX'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.
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Volatility by Period
| REMSX | REAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 3.04% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.68% | 7.84% | +11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 10.46% | +11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 16.74% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 18.45% | -0.74% |
REMSX vs. REAYX - Expense Ratio Comparison
REMSX has a 1.19% expense ratio, which is higher than REAYX's 0.66% expense ratio.
Dividends
REMSX vs. REAYX - Dividend Comparison
REMSX's dividend yield for the trailing twelve months is around 1.70%, 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% |
REMSX Russell Investments Emerging Markets Fund | 1.70% | 1.97% | 2.58% | 2.42% | 2.17% | 14.04% | 0.59% | 2.51% | 4.57% | 1.10% | 1.08% | 0.13% |
Frequently Asked Questions
REMSX and REAYX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REMSX has higher volatility (9.44%) compared to REAYX (3.04%). In terms of maximum drawdown, REMSX dropped -66.80% vs REAYX's -36.87%.
REAYX currently has the higher Sharpe Ratio (2.41 vs 1.44), 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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