RFAYX vs. RMLVX
RFAYX (Russell Investments Investment Grade Bond Fund) and RMLVX (Russell Investments LifePoints Moderate Strategy Fund) are both mutual funds - RFAYX is a Intermediate Core Bond fund managed by Russell, while RMLVX is a Diversified Portfolio fund managed by Russell. Over the past 10 years, RFAYX returned 1.34%/yr vs 4.08%/yr for RMLVX. Their 0.16 correlation means their historical movements had little consistent relationship. RFAYX charges 0.32%/yr vs 0.74%/yr for RMLVX.
Performance
RFAYX vs. RMLVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RFAYX achieves a -0.39% return, which is significantly lower than RMLVX's 5.11% return. Over the past 10 years, RFAYX has underperformed RMLVX with an annualized return of 1.34%, while RMLVX has yielded a comparatively higher 4.08% annualized return.
RFAYX
- 1D
- 0.28%
- 1M
- -0.94%
- 6M
- -0.50%
- YTD
- -0.39%
- 1Y
- 1.92%
- 3Y*
- 4.06%
- 5Y*
- -0.96%
- 10Y*
- 1.34%
- ALL TIME*
- 3.26%
RMLVX
- 1D
- 0.57%
- 1M
- 0.30%
- 6M
- 3.40%
- YTD
- 5.11%
- 1Y
- 10.40%
- 3Y*
- 9.22%
- 5Y*
- 3.35%
- 10Y*
- 4.08%
- ALL TIME*
- 2.26%
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 |
RFAYX vs. RMLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | -0.39% | 7.47% | 1.57% | 4.85% | -14.80% | -1.09% | 9.10% | 9.03% | -0.56% | 3.57% |
RMLVX Russell Investments LifePoints Moderate Strategy Fund | 5.11% | 11.85% | 6.00% | 10.66% | -15.32% | 8.08% | 3.06% | 10.54% | -4.74% | 8.24% |
Correlation
The correlation between RFAYX and RMLVX is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.16 |
Over the past year, RFAYX and RMLVX have become more correlated (0.65) than their long-term average of 0.16, meaning their price movements have been converging.
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
RFAYX vs. RMLVX — Risk / Return Rank
RFAYX
RMLVX
RFAYX vs. RMLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Investment Grade Bond Fund (RFAYX) and Russell Investments LifePoints Moderate Strategy Fund (RMLVX). 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.
| RFAYX | RMLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.13 | -1.38 |
| Martin ratioReturn relative to average drawdown | 1.86 | 9.16 | -7.30 |
Loading charts...
Drawdowns
RFAYX vs. RMLVX - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.61%, smaller than the maximum RMLVX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for RFAYX and RMLVX.
Loading charts...
Drawdown Indicators
| RFAYX | RMLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -40.56% | +20.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -5.28% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -7.35% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -20.83% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -20.83% | +1.22% |
Current DrawdownCurrent decline from peak | -4.73% | -0.19% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -6.10% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.22% | -0.12% |
Volatility
RFAYX vs. RMLVX - Volatility Comparison
The current volatility for Russell Investments Investment Grade Bond Fund (RFAYX) is 1.03%, while Russell Investments LifePoints Moderate Strategy Fund (RMLVX) has a volatility of 1.86%. This indicates that RFAYX experiences smaller price fluctuations and is considered to be less risky than RMLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RFAYX | RMLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.86% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 5.33% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 6.28% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 8.04% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 7.74% | -2.83% |
RFAYX vs. RMLVX - Expense Ratio Comparison
RFAYX has a 0.32% expense ratio, which is lower than RMLVX's 0.74% expense ratio.
Dividends
RFAYX vs. RMLVX - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 5.13%, more than RMLVX's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 5.13% | 5.19% | 4.74% | 3.71% | 1.25% | 2.50% | 5.27% | 3.46% | 2.67% | 1.57% | 5.45% | 4.09% |
RMLVX Russell Investments LifePoints Moderate Strategy Fund | 3.08% | 3.10% | 1.75% | 1.24% | 3.84% | 10.02% | 1.07% | 3.80% | 4.46% | 3.06% | 8.20% | 14.07% |
Frequently Asked Questions
RFAYX and RMLVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMLVX has higher volatility (1.86%) compared to RFAYX (1.03%). In terms of maximum drawdown, RFAYX dropped -19.61% vs RMLVX's -40.56%.
RMLVX currently has the higher Sharpe Ratio (1.79 vs 0.59), 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 RFAYX and RMLVX
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