RRESX vs. VGRNX

Last updated Aug 4, 2026

RRESX (Russell Investments Global Real Estate Securities Fund) and VGRNX (Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares) are both REIT funds. Over the past 10 years, RRESX returned 3.35%/yr vs 2.19%/yr for VGRNX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. RRESX charges 1.09%/yr vs 0.11%/yr for VGRNX.

Performance

RRESX vs. VGRNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments Global Real Estate Securities Fund (RRESX) and Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RRESX achieves a 12.06% return, which is significantly higher than VGRNX's 0.25% return. Over the past 10 years, RRESX has outperformed VGRNX with an annualized return of 3.35%, while VGRNX has yielded a comparatively lower 2.19% annualized return.

RRESX

• 1D: -0.80%
• 1M: 1.37%
• 6M: 9.56%
• YTD: 12.06%
• 1Y: 16.35%
• 3Y*: 8.78%
• 5Y*: 0.87%
• 10Y*: 3.35%
• ALL TIME*: 5.96%

VGRNX

• 1D: -1.38%
• 1M: 2.04%
• 6M: -3.73%
• YTD: 0.25%
• 1Y: 5.94%
• 3Y*: 8.05%
• 5Y*: -0.63%
• 10Y*: 2.19%
• ALL TIME*: 3.47%

*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)
RRESX Russell Investments Global Real Estate Securities Fund	$0.00	$0.00	$0.00
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares	$0.00	$0.00	$0.00

RRESX vs. VGRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RRESX Russell Investments Global Real Estate Securities Fund	12.06%	8.39%	1.08%	10.27%	-26.99%	26.80%	-5.53%	21.66%	-6.72%	11.51%
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares	0.25%	22.02%	-2.40%	6.35%	-22.47%	5.63%	-6.90%	21.50%	-9.54%	26.55%

Correlation

The correlation between RRESX and VGRNX is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Nov 2, 2010	0.78

The correlation between RRESX and VGRNX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

Return for Risk

RRESX vs. VGRNX — Risk / Return Rank

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

RRESX

RRESX Risk / Return Rank: 40
RRESX Sharpe Ratio Rank: 43
RRESX Sortino Ratio Rank: 42
RRESX Omega Ratio Rank: 42
RRESX Calmar Ratio Rank: 34
RRESX Martin Ratio Rank: 39

VGRNX

VGRNX Risk / Return Rank: 11
VGRNX Sharpe Ratio Rank: 12
VGRNX Sortino Ratio Rank: 12
VGRNX Omega Ratio Rank: 12
VGRNX Calmar Ratio Rank: 9
VGRNX Martin Ratio Rank: 8

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.

RRESX vs. VGRNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Global Real Estate Securities Fund (RRESX) and Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX). 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.

	RRESX	VGRNX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.52	+0.86
Sortino ratio: Return per unit of downside risk	1.95	0.85	+1.10
Omega ratio: Gain probability vs. loss probability	1.25	1.10	+0.15
Calmar ratio: Return relative to maximum drawdown	1.60	0.46	+1.14
Martin ratio: Return relative to average drawdown	6.01	1.04	+4.97

RRESX vs. VGRNX - Sharpe Ratio Comparison

The current RRESX Sharpe Ratio is 1.38, which is higher than the VGRNX Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of RRESX and VGRNX, 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

RRESX vs. VGRNX - Drawdown Comparison

The maximum RRESX drawdown since its inception was -72.09%, which is greater than VGRNX's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for RRESX and VGRNX.

Drawdown Indicators

	RRESX	VGRNX	Difference
Max Drawdown Largest peak-to-trough decline	-72.09%	-38.77%	-33.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-14.35%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.42%	-15.82%	-2.60%
Max Drawdown (5Y) Largest decline over 5 years	-34.51%	-34.80%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-41.43%	-38.77%	-2.66%
Current Drawdown Current decline from peak	-1.45%	-9.17%	+7.72%
Average Drawdown Average peak-to-trough decline	-13.13%	-10.71%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	6.36%	-3.61%

Volatility

RRESX vs. VGRNX - Volatility Comparison

The current volatility for Russell Investments Global Real Estate Securities Fund (RRESX) is 3.37%, while Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) has a volatility of 3.74%. This indicates that RRESX experiences smaller price fluctuations and is considered to be less risky than VGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RRESX	VGRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	3.74%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	10.99%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	12.68%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	14.07%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	14.67%	+2.76%

RRESX vs. VGRNX - Expense Ratio Comparison

RRESX has a 1.09% expense ratio, which is higher than VGRNX's 0.11% expense ratio.

Dividends

RRESX vs. VGRNX - Dividend Comparison

RRESX's dividend yield for the trailing twelve months is around 2.58%, less than VGRNX's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RRESX Russell Investments Global Real Estate Securities Fund	2.58%	3.32%	2.91%	2.12%	2.46%	6.40%	1.52%	7.15%	4.03%	7.92%	11.30%	7.50%
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares	4.70%	4.71%	5.21%	3.76%	0.58%	6.50%	0.94%	7.81%	4.64%	3.87%	5.19%	2.86%

Frequently Asked Questions

Can I hold both RRESX and VGRNX in my portfolio?

RRESX and VGRNX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RRESX or VGRNX?

VGRNX has higher volatility (3.74%) compared to RRESX (3.37%). In terms of maximum drawdown, RRESX dropped -72.09% vs VGRNX's -38.77%.

Which has better risk-adjusted returns?

RRESX currently has the higher Sharpe Ratio (1.38 vs 0.52), 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.