RMGSX vs. RALIX

Last updated Jun 25, 2026

RMGSX (Russell Investments Multi-Asset Growth Strategy Fund) and RALIX (Lazard Real Assets Portfolio) are both Global Allocation funds. Over the past 5 years, RMGSX returned 5.97%/yr vs 6.63%/yr for RALIX. A 0.72 correlation means they provide meaningful diversification when combined. RMGSX charges 0.91%/yr vs 0.80%/yr for RALIX.

Performance

RMGSX vs. RALIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments Multi-Asset Growth Strategy Fund (RMGSX) and Lazard Real Assets Portfolio (RALIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMGSX achieves a 6.26% return, which is significantly lower than RALIX's 9.72% return.

RMGSX

• 1D: -0.95%
• 1M: -0.79%
• YTD: 6.26%
• 6M: 5.99%
• 1Y: 15.33%
• 3Y*: 13.24%
• 5Y*: 5.97%
• 10Y*: —

RALIX

• 1D: -0.70%
• 1M: -3.80%
• YTD: 9.72%
• 6M: 9.62%
• 1Y: 18.85%
• 3Y*: 12.64%
• 5Y*: 6.63%
• 10Y*: —

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

RMGSX vs. RALIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RMGSX Russell Investments Multi-Asset Growth Strategy Fund	6.26%	17.38%	8.76%	15.26%	-14.73%	7.88%	3.14%	9.22%	-4.92%	5.43%
RALIX Lazard Real Assets Portfolio	9.72%	15.60%	5.91%	4.43%	-8.99%	22.32%	0.61%	16.07%	-7.59%	5.81%

Correlation

The correlation between RMGSX and RALIX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.72

The correlation between RMGSX and RALIX shifts across timeframes, from 0.54 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RMGSX vs. RALIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMGSX

RMGSX Risk / Return Rank: 65
RMGSX Sharpe Ratio Rank: 71
RMGSX Sortino Ratio Rank: 69
RMGSX Omega Ratio Rank: 70
RMGSX Calmar Ratio Rank: 52
RMGSX Martin Ratio Rank: 61

RALIX

RALIX Risk / Return Rank: 70
RALIX Sharpe Ratio Rank: 70
RALIX Sortino Ratio Rank: 65
RALIX Omega Ratio Rank: 65
RALIX Calmar Ratio Rank: 82
RALIX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMGSX vs. RALIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Multi-Asset Growth Strategy Fund (RMGSX) and Lazard Real Assets Portfolio (RALIX). 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.

	RMGSX	RALIX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.00	+0.06
Sortino ratio: Return per unit of downside risk	2.90	2.73	+0.17
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	2.43	3.26	-0.84
Martin ratio: Return relative to average drawdown	10.42	11.09	-0.67

RMGSX vs. RALIX - Sharpe Ratio Comparison

The current RMGSX Sharpe Ratio is 2.07, which is comparable to the RALIX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of RMGSX and RALIX, 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

RMGSX vs. RALIX - Drawdown Comparison

The maximum RMGSX drawdown since its inception was -24.93%, roughly equal to the maximum RALIX drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for RMGSX and RALIX.

Drawdown Indicators

	RMGSX	RALIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.93%	-24.00%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.73%	-5.46%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-8.85%	-9.72%	+0.87%
Max Drawdown (5Y) Largest decline over 5 years	-23.20%	-22.03%	-1.17%
Current Drawdown Current decline from peak	-1.80%	-4.83%	+3.03%
Average Drawdown Average peak-to-trough decline	-4.16%	-5.74%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.60%	-0.04%

Volatility

RMGSX vs. RALIX - Volatility Comparison

Russell Investments Multi-Asset Growth Strategy Fund (RMGSX) and Lazard Real Assets Portfolio (RALIX) have volatilities of 3.09% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMGSX	RALIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	2.95%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	6.55%	7.07%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	8.92%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	11.84%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.28%	11.17%	-0.89%

RMGSX vs. RALIX - Expense Ratio Comparison

RMGSX has a 0.91% expense ratio, which is higher than RALIX's 0.80% expense ratio.

Dividends

RMGSX vs. RALIX - Dividend Comparison

RMGSX's dividend yield for the trailing twelve months is around 4.03%, less than RALIX's 8.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RALIX Lazard Real Assets Portfolio	8.75%	7.04%	3.07%	2.93%	7.65%	11.84%	3.93%	2.24%	5.27%	1.69%
RMGSX Russell Investments Multi-Asset Growth Strategy Fund	4.03%	4.32%	3.60%	3.48%	0.76%	6.27%	0.80%	3.35%	2.46%	1.33%

Frequently Asked Questions

Can I hold both RMGSX and RALIX in my portfolio?

RMGSX and RALIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMGSX or RALIX?

RMGSX has higher volatility (3.09%) compared to RALIX (2.95%). In terms of maximum drawdown, RMGSX dropped -24.93% vs RALIX's -24.00%.

Which has better risk-adjusted returns?

RMGSX currently has the higher Sharpe Ratio (2.07 vs 2.00), 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.