RFCYX vs. RGIYX
RFCYX (Russell Investments Strategic Bond Fund) and RGIYX (Russell Investments Global Infrastructure Fund) are both mutual funds - RFCYX is a Intermediate Core-Plus Bond fund managed by Russell, while RGIYX is a Energy Equities fund managed by Russell. Over the past 10 years, RFCYX returned 1.63%/yr vs 8.48%/yr for RGIYX. At a 0.08 correlation, their price movements are largely independent. RFCYX charges 0.45%/yr vs 0.85%/yr for RGIYX.
Performance
RFCYX vs. RGIYX - Performance Comparison
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Returns By Period
In the year-to-date period, RFCYX achieves a 0.33% return, which is significantly lower than RGIYX's 9.74% return. Over the past 10 years, RFCYX has underperformed RGIYX with an annualized return of 1.63%, while RGIYX has yielded a comparatively higher 8.48% annualized return.
RFCYX
- 1D
- 0.11%
- 1M
- 0.80%
- YTD
- 0.33%
- 6M
- 0.21%
- 1Y
- 4.00%
- 3Y*
- 3.90%
- 5Y*
- -0.35%
- 10Y*
- 1.63%
RGIYX
- 1D
- 0.28%
- 1M
- -0.73%
- YTD
- 9.74%
- 6M
- 9.30%
- 1Y
- 15.62%
- 3Y*
- 14.77%
- 5Y*
- 9.35%
- 10Y*
- 8.48%
RFCYX vs. RGIYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFCYX Russell Investments Strategic Bond Fund | 0.33% | 7.55% | 1.11% | 4.92% | -14.07% | -1.55% | 8.98% | 9.57% | -0.54% | 4.04% |
RGIYX Russell Investments Global Infrastructure Fund | 9.74% | 20.07% | 9.96% | 6.94% | -2.95% | 12.44% | -3.37% | 27.98% | -9.87% | 18.96% |
Correlation
The correlation between RFCYX and RGIYX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.08 |
Over the past year, RFCYX and RGIYX have become more correlated (0.35) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
RFCYX vs. RGIYX — Risk / Return Rank
RFCYX
RGIYX
RFCYX vs. RGIYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Strategic Bond Fund (RFCYX) and Russell Investments Global Infrastructure Fund (RGIYX). 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.
| RFCYX | RGIYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.75 | -1.25 |
| Martin ratioReturn relative to average drawdown | 4.09 | 8.61 | -4.52 |
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Drawdowns
RFCYX vs. RGIYX - Drawdown Comparison
The maximum RFCYX drawdown since its inception was -19.34%, smaller than the maximum RGIYX drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for RFCYX and RGIYX.
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Drawdown Indicators
| RFCYX | RGIYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -39.17% | +19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -6.00% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -13.74% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -20.19% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -39.17% | +19.83% |
Current DrawdownCurrent decline from peak | -3.59% | -2.64% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -4.67% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.91% | -0.84% |
Volatility
RFCYX vs. RGIYX - Volatility Comparison
The current volatility for Russell Investments Strategic Bond Fund (RFCYX) is 1.09%, while Russell Investments Global Infrastructure Fund (RGIYX) has a volatility of 3.16%. This indicates that RFCYX experiences smaller price fluctuations and is considered to be less risky than RGIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFCYX | RGIYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 3.16% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 8.27% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 10.03% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 13.54% | -7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 15.85% | -10.85% |
RFCYX vs. RGIYX - Expense Ratio Comparison
RFCYX has a 0.45% expense ratio, which is lower than RGIYX's 0.85% expense ratio.
Dividends
RFCYX vs. RGIYX - Dividend Comparison
RFCYX's dividend yield for the trailing twelve months is around 5.23%, less than RGIYX's 8.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFCYX Russell Investments Strategic Bond Fund | 5.23% | 5.18% | 4.89% | 2.77% | 2.77% | 2.13% | 7.15% | 3.70% | 2.41% | 1.29% | 4.92% | 4.06% |
RGIYX Russell Investments Global Infrastructure Fund | 8.71% | 9.39% | 5.64% | 2.76% | 3.46% | 17.26% | 7.80% | 15.89% | 9.20% | 11.32% | 6.70% | 5.67% |
Frequently Asked Questions
RFCYX and RGIYX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGIYX has higher volatility (3.16%) compared to RFCYX (1.09%). In terms of maximum drawdown, RFCYX dropped -19.34% vs RGIYX's -39.17%.
RGIYX currently has the higher Sharpe Ratio (1.64 vs 1.15), 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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