RMYYX vs. PUDZX

Last updated Jun 25, 2026

RMYYX (Russell Investments Multi-Strategy Income Fund) and PUDZX (PGIM Real Assets Fund) are both Diversified Portfolio funds. Over the past 10 years, RMYYX returned 5.31%/yr vs 6.61%/yr for PUDZX. A 0.67 correlation means they provide meaningful diversification when combined. RMYYX charges 0.57%/yr vs 0.25%/yr for PUDZX.

Performance

RMYYX vs. PUDZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments Multi-Strategy Income Fund (RMYYX) and PGIM Real Assets Fund (PUDZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMYYX achieves a 4.33% return, which is significantly lower than PUDZX's 10.32% return. Over the past 10 years, RMYYX has underperformed PUDZX with an annualized return of 5.31%, while PUDZX has yielded a comparatively higher 6.61% annualized return.

RMYYX

• 1D: -0.28%
• 1M: 0.19%
• YTD: 4.33%
• 6M: 4.23%
• 1Y: 11.83%
• 3Y*: 10.22%
• 5Y*: 4.14%
• 10Y*: 5.31%

PUDZX

• 1D: -0.29%
• 1M: -3.41%
• YTD: 10.32%
• 6M: 9.60%
• 1Y: 17.69%
• 3Y*: 12.63%
• 5Y*: 7.59%
• 10Y*: 6.61%

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

RMYYX vs. PUDZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RMYYX Russell Investments Multi-Strategy Income Fund	4.33%	14.24%	5.64%	11.56%	-13.78%	9.06%	3.64%	10.35%	-3.39%	9.17%
PUDZX PGIM Real Assets Fund	10.32%	13.40%	8.61%	3.26%	-2.76%	18.49%	4.84%	16.29%	-9.20%	6.22%

Correlation

The correlation between RMYYX and PUDZX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.67

The correlation between RMYYX and PUDZX shifts across timeframes, from 0.58 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RMYYX vs. PUDZX — Risk / Return Rank

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

RMYYX

RMYYX Risk / Return Rank: 62
RMYYX Sharpe Ratio Rank: 75
RMYYX Sortino Ratio Rank: 78
RMYYX Omega Ratio Rank: 74
RMYYX Calmar Ratio Rank: 42
RMYYX Martin Ratio Rank: 43

PUDZX

PUDZX Risk / Return Rank: 76
PUDZX Sharpe Ratio Rank: 74
PUDZX Sortino Ratio Rank: 69
PUDZX Omega Ratio Rank: 69
PUDZX Calmar Ratio Rank: 87
PUDZX Martin Ratio Rank: 81

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.

RMYYX vs. PUDZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Multi-Strategy Income Fund (RMYYX) and PGIM Real Assets Fund (PUDZX). 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	PUDZX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.27	-0.04
Sortino ratio: Return per unit of downside risk	3.24	3.08	+0.16
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	2.22	3.89	-1.67
Martin ratio: Return relative to average drawdown	8.16	13.67	-5.51

RMYYX vs. PUDZX - Sharpe Ratio Comparison

The current RMYYX Sharpe Ratio is 2.22, which is comparable to the PUDZX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of RMYYX and PUDZX, 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

RMYYX vs. PUDZX - Drawdown Comparison

The maximum RMYYX drawdown since its inception was -21.79%, roughly equal to the maximum PUDZX drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for RMYYX and PUDZX.

Drawdown Indicators

	RMYYX	PUDZX	Difference
Max Drawdown Largest peak-to-trough decline	-21.79%	-21.53%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.65%	-4.47%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-7.56%	-8.20%	+0.64%
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	-17.98%	-3.77%
Max Drawdown (10Y) Largest decline over 10 years	-21.79%	-21.53%	-0.26%
Current Drawdown Current decline from peak	-1.47%	-4.47%	+3.00%
Average Drawdown Average peak-to-trough decline	-3.66%	-5.25%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	1.27%	+0.27%

Volatility

RMYYX vs. PUDZX - Volatility Comparison

The current volatility for Russell Investments Multi-Strategy Income Fund (RMYYX) is 1.79%, while PGIM Real Assets Fund (PUDZX) has a volatility of 2.01%. This indicates that RMYYX experiences smaller price fluctuations and is considered to be less risky than PUDZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMYYX	PUDZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	2.01%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	4.63%	6.19%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	5.67%	7.68%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.85%	10.49%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	9.69%	-1.12%

RMYYX vs. PUDZX - Expense Ratio Comparison

RMYYX has a 0.57% expense ratio, which is higher than PUDZX's 0.25% expense ratio.

Dividends

RMYYX vs. PUDZX - Dividend Comparison

RMYYX's dividend yield for the trailing twelve months is around 3.95%, less than PUDZX's 7.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUDZX PGIM Real Assets Fund	7.92%	8.93%	6.67%	3.66%	9.10%	13.00%	4.94%	3.40%	2.14%	2.10%	1.39%	1.72%
RMYYX Russell Investments Multi-Strategy Income Fund	3.95%	4.10%	5.57%	5.20%	4.02%	5.89%	1.52%	3.60%	3.83%	3.42%	4.00%	0.00%

Frequently Asked Questions

Can I hold both RMYYX and PUDZX in my portfolio?

RMYYX and PUDZX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMYYX or PUDZX?

PUDZX has higher volatility (2.01%) compared to RMYYX (1.79%). In terms of maximum drawdown, RMYYX dropped -21.79% vs PUDZX's -21.53%.

Which has better risk-adjusted returns?

PUDZX currently has the higher Sharpe Ratio (2.27 vs 2.22), 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.