RGCYX vs. REAYX
RGCYX (Russell Investments Opportunistic Credit Fund) and REAYX (Russell Investments Equity Income Fund) are both mutual funds - RGCYX is a Multisector Bonds fund managed by Russell, while REAYX is a Large Cap Value Equities fund managed by Russell. Over the past 5 years, RGCYX returned 3.34%/yr vs 10.37%/yr for REAYX. At a 0.36 correlation, their price movements are largely independent. RGCYX charges 0.71%/yr vs 0.66%/yr for REAYX.
Performance
RGCYX vs. REAYX - Performance Comparison
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Returns By Period
In the year-to-date period, RGCYX achieves a 2.29% return, which is significantly lower than REAYX's 11.88% return.
RGCYX
- 1D
- 0.12%
- 1M
- 1.01%
- YTD
- 2.29%
- 6M
- 2.41%
- 1Y
- 7.25%
- 3Y*
- 8.47%
- 5Y*
- 3.34%
- 10Y*
- 4.44%
REAYX
- 1D
- 0.24%
- 1M
- 1.00%
- YTD
- 11.88%
- 6M
- 11.43%
- 1Y
- 23.66%
- 3Y*
- 15.68%
- 5Y*
- 10.37%
- 10Y*
- —
RGCYX vs. REAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGCYX Russell Investments Opportunistic Credit Fund | 2.29% | 8.69% | 7.34% | 11.22% | -11.40% | 2.71% | 3.73% | 11.98% | -3.22% | 6.44% |
REAYX Russell Investments Equity Income Fund | 11.88% | 14.66% | 11.90% | 12.50% | -8.86% | 27.01% | 9.06% | 29.57% | -8.60% | 13.19% |
Correlation
The correlation between RGCYX and REAYX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.36 |
The correlation between RGCYX and REAYX shifts across timeframes, from 0.36 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RGCYX vs. REAYX — Risk / Return Rank
RGCYX
REAYX
RGCYX vs. REAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Opportunistic Credit Fund (RGCYX) 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.
| RGCYX | REAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.41 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.59 | +0.07 |
| Martin ratioReturn relative to average drawdown | 15.72 | 13.72 | +2.00 |
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Drawdowns
RGCYX vs. REAYX - Drawdown Comparison
The maximum RGCYX drawdown since its inception was -19.48%, smaller than the maximum REAYX drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for RGCYX and REAYX.
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Drawdown Indicators
| RGCYX | REAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -36.87% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -6.66% | +4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.75% | -20.66% | +17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.72% | -20.66% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -19.48% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.32% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -4.91% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 1.74% | -1.27% |
Volatility
RGCYX vs. REAYX - Volatility Comparison
The current volatility for Russell Investments Opportunistic Credit Fund (RGCYX) is 0.64%, while Russell Investments Equity Income Fund (REAYX) has a volatility of 3.41%. This indicates that RGCYX experiences smaller price fluctuations and is considered to be less risky 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
| RGCYX | REAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 3.41% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 7.79% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 10.41% | -8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 16.78% | -13.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 18.53% | -14.36% |
RGCYX vs. REAYX - Expense Ratio Comparison
RGCYX has a 0.71% expense ratio, which is higher than REAYX's 0.66% expense ratio.
Dividends
RGCYX vs. REAYX - Dividend Comparison
RGCYX's dividend yield for the trailing twelve months is around 5.84%, less than REAYX's 13.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REAYX Russell Investments Equity Income Fund | 13.43% | 15.24% | 15.38% | 13.55% | 19.72% | 10.47% | 3.61% | 1.86% | 45.26% | 14.47% | 0.00% | 0.00% |
RGCYX Russell Investments Opportunistic Credit Fund | 5.84% | 5.77% | 5.35% | 4.83% | 4.78% | 4.60% | 3.85% | 6.91% | 5.89% | 4.53% | 4.61% | 4.21% |
Frequently Asked Questions
RGCYX and REAYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REAYX has higher volatility (3.41%) compared to RGCYX (0.64%). In terms of maximum drawdown, RGCYX dropped -19.48% vs REAYX's -36.87%.
RGCYX currently has the higher Sharpe Ratio (3.29 vs 2.29), 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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