RGEAX vs. RFCYX
RGEAX (Russell Investments Global Equity Fund) and RFCYX (Russell Investments Strategic Bond Fund) are both mutual funds - RGEAX is a Global Equities fund managed by Russell, while RFCYX is a Intermediate Core-Plus Bond fund managed by Russell. Over the past 10 years, RGEAX returned 12.40%/yr vs 1.68%/yr for RFCYX. At a correlation of -0.08, they often move in opposite directions. RGEAX charges 1.24%/yr vs 0.45%/yr for RFCYX.
Performance
RGEAX vs. RFCYX - Performance Comparison
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Returns By Period
In the year-to-date period, RGEAX achieves a 9.27% return, which is significantly higher than RFCYX's 0.44% return. Over the past 10 years, RGEAX has outperformed RFCYX with an annualized return of 12.40%, while RFCYX has yielded a comparatively lower 1.68% annualized return.
RGEAX
- 1D
- 1.01%
- 1M
- 0.84%
- YTD
- 9.27%
- 6M
- 8.98%
- 1Y
- 25.75%
- 3Y*
- 17.81%
- 5Y*
- 10.90%
- 10Y*
- 12.40%
RFCYX
- 1D
- 0.22%
- 1M
- 0.91%
- YTD
- 0.44%
- 6M
- 0.55%
- 1Y
- 4.69%
- 3Y*
- 3.98%
- 5Y*
- -0.38%
- 10Y*
- 1.68%
RGEAX vs. RFCYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGEAX Russell Investments Global Equity Fund | 9.27% | 20.92% | 15.25% | 22.12% | -16.78% | 22.30% | 12.95% | 25.89% | -9.41% | 22.83% |
RFCYX Russell Investments Strategic Bond Fund | 0.44% | 7.55% | 1.11% | 4.92% | -14.07% | -1.55% | 8.98% | 9.57% | -0.54% | 4.04% |
Correlation
The correlation between RGEAX and RFCYX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.08 |
The correlation between RGEAX and RFCYX shifts across timeframes, from -0.08 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RGEAX vs. RFCYX — Risk / Return Rank
RGEAX
RFCYX
RGEAX vs. RFCYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Global Equity Fund (RGEAX) and Russell Investments Strategic Bond Fund (RFCYX). 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.
| RGEAX | RFCYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.66 | +0.99 |
| Martin ratioReturn relative to average drawdown | 11.86 | 4.56 | +7.30 |
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Drawdowns
RGEAX vs. RFCYX - Drawdown Comparison
The maximum RGEAX drawdown since its inception was -56.78%, which is greater than RFCYX's maximum drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for RGEAX and RFCYX.
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Drawdown Indicators
| RGEAX | RFCYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -19.34% | -37.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -2.92% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -6.33% | -13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -19.34% | -6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -19.34% | -15.51% |
Current DrawdownCurrent decline from peak | -0.41% | -3.48% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -3.38% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.06% | +1.06% |
Volatility
RGEAX vs. RFCYX - Volatility Comparison
Russell Investments Global Equity Fund (RGEAX) has a higher volatility of 4.67% compared to Russell Investments Strategic Bond Fund (RFCYX) at 1.17%. This indicates that RGEAX's price experiences larger fluctuations and is considered to be riskier than RFCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGEAX | RFCYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 1.17% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 2.77% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 3.78% | +8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 5.97% | +10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.21% | 5.01% | +12.20% |
RGEAX vs. RFCYX - Expense Ratio Comparison
RGEAX has a 1.24% expense ratio, which is higher than RFCYX's 0.45% expense ratio.
Dividends
RGEAX vs. RFCYX - Dividend Comparison
RGEAX's dividend yield for the trailing twelve months is around 7.62%, more than RFCYX's 5.23% 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% |
RGEAX Russell Investments Global Equity Fund | 7.62% | 8.33% | 7.28% | 1.04% | 1.67% | 6.85% | 29.97% | 13.77% | 15.65% | 13.13% | 8.21% | 11.12% |
Frequently Asked Questions
RGEAX and RFCYX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGEAX has higher volatility (4.67%) compared to RFCYX (1.17%). In terms of maximum drawdown, RGEAX dropped -56.78% vs RFCYX's -19.34%.
RGEAX currently has the higher Sharpe Ratio (2.01 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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