RMYYX vs. FDFIX
Compare and contrast key facts about Russell Investments Multi-Strategy Income Fund (RMYYX) and Fidelity Flex 500 Index Fund (FDFIX).
RMYYX is managed by Russell. It was launched on Apr 30, 2015. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMYYX or FDFIX.
Key characteristics
| RMYYX | FDFIX | |
|---|---|---|
| YTD Return | 9.60% | 19.00% |
| 1Y Return | 16.64% | 28.26% |
| 3Y Return (Ann) | 2.38% | 9.94% |
| 5Y Return (Ann) | 4.17% | 15.33% |
| Sharpe Ratio | 2.34 | 2.20 |
| Daily Std Dev | 7.05% | 12.74% |
| Max Drawdown | -21.75% | -33.77% |
| Current Drawdown | -0.50% | -0.62% |
Correlation
The correlation between RMYYX and FDFIX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RMYYX vs. FDFIX - Performance Comparison
In the year-to-date period, RMYYX achieves a 9.60% return, which is significantly lower than FDFIX's 19.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RMYYX vs. FDFIX - Expense Ratio Comparison
RMYYX has a 0.57% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
RMYYX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Multi-Strategy Income Fund (RMYYX) and Fidelity Flex 500 Index Fund (FDFIX). 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.
Dividends
RMYYX vs. FDFIX - Dividend Comparison
RMYYX's dividend yield for the trailing twelve months is around 4.09%, more than FDFIX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMYYX Russell Investments Multi-Strategy Income Fund | 4.09% | 5.20% | 4.02% | 5.89% | 1.52% | 3.60% | 3.83% | 4.47% | 4.00% | 2.54% |
FDFIX Fidelity Flex 500 Index Fund | 1.27% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% |
Drawdowns
RMYYX vs. FDFIX - Drawdown Comparison
The maximum RMYYX drawdown since its inception was -21.75%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for RMYYX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
RMYYX vs. FDFIX - Volatility Comparison
The current volatility for Russell Investments Multi-Strategy Income Fund (RMYYX) is 1.56%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.01%. This indicates that RMYYX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.