RETSX vs. IVV
RETSX (Russell Investment Tax-Managed U.S. Large Cap Fund) and IVV (iShares Core S&P 500 ETF) are both funds - RETSX is a Large Cap Blend Equities fund managed by BlackRock, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, RETSX returned 12.88%/yr vs 15.11%/yr for IVV. Their 0.98 correlation means they have historically moved very closely together. RETSX charges 0.92%/yr vs 0.03%/yr for IVV.
Performance
RETSX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, RETSX achieves a 8.79% return, which is significantly lower than IVV's 10.13% return. Over the past 10 years, RETSX has underperformed IVV with an annualized return of 12.88%, while IVV has yielded a comparatively higher 15.11% annualized return.
RETSX
- 1D
- 1.69%
- 1M
- 0.30%
- 6M
- 7.92%
- YTD
- 8.79%
- 1Y
- 18.34%
- 3Y*
- 16.26%
- 5Y*
- 10.12%
- 10Y*
- 12.88%
- ALL TIME*
- 8.85%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36B | $3.31B | $5.91B | |
| $0.00 | $0.00 | $0.00 |
RETSX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RETSX Russell Investment Tax-Managed U.S. Large Cap Fund | 8.79% | 14.45% | 20.43% | 24.74% | -18.96% | 24.82% | 17.70% | 28.94% | -6.97% | 21.51% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between RETSX and IVV is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.98 |
The correlation between RETSX and IVV has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
RETSX vs. IVV — Risk / Return Rank
RETSX
IVV
RETSX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investment Tax-Managed U.S. Large Cap Fund (RETSX) and iShares Core S&P 500 ETF (IVV). 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.
| RETSX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.21 | -0.49 |
| Martin ratioReturn relative to average drawdown | 7.18 | 9.43 | -2.25 |
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Drawdowns
RETSX vs. IVV - Drawdown Comparison
The maximum RETSX drawdown since its inception was -57.35%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for RETSX and IVV.
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Drawdown Indicators
| RETSX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.35% | -55.25% | -2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -8.89% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -18.75% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -24.53% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.52% | -33.90% | +0.38% |
Current DrawdownCurrent decline from peak | -1.03% | -1.41% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -10.72% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.09% | +0.14% |
Volatility
RETSX vs. IVV - Volatility Comparison
The current volatility for Russell Investment Tax-Managed U.S. Large Cap Fund (RETSX) is 3.26%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.52%. This indicates that RETSX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RETSX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.52% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 10.18% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 12.89% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 17.01% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 18.06% | -0.26% |
RETSX vs. IVV - Expense Ratio Comparison
RETSX has a 0.92% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
RETSX vs. IVV - Dividend Comparison
RETSX's dividend yield for the trailing twelve months is around 0.41%, less than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
RETSX Russell Investment Tax-Managed U.S. Large Cap Fund | 0.41% | 0.44% | 0.49% | 0.54% | 0.59% | 0.14% | 0.47% | 0.78% | 0.90% | 1.02% | 0.84% | 0.76% |
Frequently Asked Questions
With a correlation of 0.98, RETSX and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IVV has higher volatility (3.52%) compared to RETSX (3.26%). In terms of maximum drawdown, RETSX dropped -57.35% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.53 vs 1.28), 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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