RMYYX vs. FYMIX
RMYYX (Russell Investments Multi-Strategy Income Fund) and FYMIX (Fidelity Sustainable Multi-Asset Fund) are both Diversified Portfolio funds. Over the past 3 years, RMYYX returned 9.82%/yr vs 13.83%/yr for FYMIX. Their correlation of 0.85 means they have usually moved in the same direction. RMYYX charges 0.57%/yr vs 0.05%/yr for FYMIX.
Performance
RMYYX vs. FYMIX - Performance Comparison
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Returns By Period
In the year-to-date period, RMYYX achieves a 5.76% return, which is significantly lower than FYMIX's 8.03% return.
RMYYX
- 1D
- 0.19%
- 1M
- 0.19%
- 6M
- 3.22%
- YTD
- 5.76%
- 1Y
- 12.71%
- 3Y*
- 9.82%
- 5Y*
- 4.56%
- 10Y*
- 5.09%
- ALL TIME*
- 5.60%
FYMIX
- 1D
- 1.91%
- 1M
- -1.01%
- 6M
- 5.01%
- YTD
- 8.03%
- 1Y
- 18.08%
- 3Y*
- 13.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RMYYX vs. FYMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RMYYX Russell Investments Multi-Strategy Income Fund | 5.76% | 14.24% | 5.64% | 11.56% | -13.70% |
FYMIX Fidelity Sustainable Multi-Asset Fund | 8.03% | 18.95% | 11.09% | 16.15% | -15.71% |
Correlation
The correlation between RMYYX and FYMIX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.85 |
The correlation between RMYYX and FYMIX shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RMYYX vs. FYMIX — Risk / Return Rank
RMYYX
FYMIX
RMYYX vs. FYMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Multi-Strategy Income Fund (RMYYX) and Fidelity Sustainable Multi-Asset Fund (FYMIX). 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.
| RMYYX | FYMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.26 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.92 | +0.32 |
| Martin ratioReturn relative to average drawdown | 8.20 | 7.94 | +0.26 |
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Drawdowns
RMYYX vs. FYMIX - Drawdown Comparison
The maximum RMYYX drawdown since its inception was -21.79%, roughly equal to the maximum FYMIX drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for RMYYX and FYMIX.
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Drawdown Indicators
| RMYYX | FYMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.79% | -22.70% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -8.80% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -12.72% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.79% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -1.92% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -5.49% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.13% | -0.59% |
Volatility
RMYYX vs. FYMIX - Volatility Comparison
The current volatility for Russell Investments Multi-Strategy Income Fund (RMYYX) is 1.29%, while Fidelity Sustainable Multi-Asset Fund (FYMIX) has a volatility of 3.40%. This indicates that RMYYX experiences smaller price fluctuations and is considered to be less risky than FYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMYYX | FYMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 3.40% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 10.16% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 11.92% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 12.79% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 12.79% | -4.23% |
RMYYX vs. FYMIX - Expense Ratio Comparison
RMYYX has a 0.57% expense ratio, which is higher than FYMIX's 0.05% expense ratio.
Dividends
RMYYX vs. FYMIX - Dividend Comparison
RMYYX's dividend yield for the trailing twelve months is around 3.81%, more than FYMIX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FYMIX Fidelity Sustainable Multi-Asset Fund | 3.41% | 3.69% | 1.84% | 1.78% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RMYYX Russell Investments Multi-Strategy Income Fund | 3.81% | 4.10% | 5.57% | 5.20% | 4.02% | 5.89% | 1.52% | 3.60% | 3.83% | 3.42% | 4.00% |
Frequently Asked Questions
RMYYX and FYMIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FYMIX has higher volatility (3.40%) compared to RMYYX (1.29%). In terms of maximum drawdown, RMYYX dropped -21.79% vs FYMIX's -22.70%.
RMYYX currently has the higher Sharpe Ratio (2.27 vs 1.42), 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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