RINYX vs. PZRIX

Last updated Aug 5, 2026

RINYX (Russell Investments International Developed Markets Fund) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, RINYX returned 8.86%/yr vs 9.99%/yr for PZRIX. Their correlation of 0.92 means they have usually moved in the same direction. RINYX charges 0.77%/yr vs 0.00%/yr for PZRIX.

Performance

RINYX vs. PZRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments International Developed Markets Fund (RINYX) and PIMCO RAE Global ex-US Fund (PZRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RINYX achieves a 11.41% return, which is significantly lower than PZRIX's 15.43% return. Over the past 10 years, RINYX has underperformed PZRIX with an annualized return of 8.86%, while PZRIX has yielded a comparatively higher 9.99% annualized return.

RINYX

• 1D: 0.59%
• 1M: 3.04%
• 6M: 7.32%
• YTD: 11.41%
• 1Y: 22.45%
• 3Y*: 15.64%
• 5Y*: 8.27%
• 10Y*: 8.86%
• ALL TIME*: 5.28%

PZRIX

• 1D: -0.08%
• 1M: 4.75%
• 6M: 5.68%
• YTD: 15.43%
• 1Y: 30.32%
• 3Y*: 19.23%
• 5Y*: 11.15%
• 10Y*: 9.99%
• ALL TIME*: 10.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PZRIX PIMCO RAE Global ex-US Fund	$0.00	$0.00	$0.00
RINYX Russell Investments International Developed Markets Fund	$0.00	$0.00	$0.00

RINYX vs. PZRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RINYX Russell Investments International Developed Markets Fund	11.41%	28.76%	2.93%	16.47%	-13.16%	12.88%	5.91%	20.11%	-15.25%	25.22%
PZRIX PIMCO RAE Global ex-US Fund	15.43%	34.05%	3.29%	19.31%	-9.11%	12.08%	1.74%	15.94%	-14.93%	26.00%

Correlation

The correlation between RINYX and PZRIX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.92

The correlation between RINYX and PZRIX shifts across timeframes, from 0.81 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RINYX vs. PZRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RINYX

RINYX Risk / Return Rank: 59
RINYX Sharpe Ratio Rank: 64
RINYX Sortino Ratio Rank: 62
RINYX Omega Ratio Rank: 58
RINYX Calmar Ratio Rank: 54
RINYX Martin Ratio Rank: 56

PZRIX

PZRIX Risk / Return Rank: 92
PZRIX Sharpe Ratio Rank: 95
PZRIX Sortino Ratio Rank: 93
PZRIX Omega Ratio Rank: 91
PZRIX Calmar Ratio Rank: 92
PZRIX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RINYX vs. PZRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments International Developed Markets Fund (RINYX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.

	RINYX	PZRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.67	-0.94
Sortino ratio: Return per unit of downside risk	2.45	3.64	-1.19
Omega ratio: Gain probability vs. loss probability	1.31	1.48	-0.17
Calmar ratio: Return relative to maximum drawdown	2.19	3.89	-1.70
Martin ratio: Return relative to average drawdown	8.34	11.80	-3.45

RINYX vs. PZRIX - Sharpe Ratio Comparison

The current RINYX Sharpe Ratio is 1.73, which is lower than the PZRIX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of RINYX and PZRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RINYX vs. PZRIX - Drawdown Comparison

The maximum RINYX drawdown since its inception was -61.67%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for RINYX and PZRIX.

Drawdown Indicators

	RINYX	PZRIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.67%	-43.53%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-8.18%	-2.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.49%	-13.81%	+0.32%
Max Drawdown (5Y) Largest decline over 5 years	-29.04%	-30.85%	+1.81%
Max Drawdown (10Y) Largest decline over 10 years	-39.46%	-43.53%	+4.07%
Current Drawdown Current decline from peak	0.00%	-0.69%	+0.69%
Average Drawdown Average peak-to-trough decline	-14.73%	-8.80%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.69%	+0.19%

Volatility

RINYX vs. PZRIX - Volatility Comparison

Russell Investments International Developed Markets Fund (RINYX) has a higher volatility of 3.74% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 2.73%. This indicates that RINYX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RINYX	PZRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	2.73%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	9.57%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	11.93%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	15.72%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	16.64%	-0.66%

RINYX vs. PZRIX - Expense Ratio Comparison

RINYX has a 0.77% expense ratio, which is higher than PZRIX's 0.00% expense ratio.

Dividends

RINYX vs. PZRIX - Dividend Comparison

RINYX's dividend yield for the trailing twelve months is around 6.60%, more than PZRIX's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PZRIX PIMCO RAE Global ex-US Fund	5.68%	6.56%	6.70%	9.19%	8.80%	11.99%	2.04%	6.32%	2.80%	4.13%	2.58%	0.00%
RINYX Russell Investments International Developed Markets Fund	6.60%	7.35%	3.64%	2.35%	1.45%	3.58%	1.26%	3.15%	8.95%	2.07%	2.55%	1.55%

Frequently Asked Questions

Can I hold both RINYX and PZRIX in my portfolio?

RINYX and PZRIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RINYX or PZRIX?

RINYX has higher volatility (3.74%) compared to PZRIX (2.73%). In terms of maximum drawdown, RINYX dropped -61.67% vs PZRIX's -43.53%.

Which has better risk-adjusted returns?

PZRIX currently has the higher Sharpe Ratio (2.67 vs 1.73), 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.