RTHAX vs. REAYX
Compare and contrast key facts about Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) and Russell Investments Equity Income Fund (REAYX).
RTHAX is managed by Russell. It was launched on May 31, 2015. REAYX is managed by Russell. It was launched on Mar 29, 2000.
Performance
RTHAX vs. REAYX - Performance Comparison
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RTHAX vs. REAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | -0.36% | 2.11% | 4.49% | 7.78% | -13.62% | 5.54% | 3.84% | 10.18% | 3.20% | 6.08% |
REAYX Russell Investments Equity Income Fund | 0.44% | 14.66% | 11.90% | 12.50% | -8.86% | 27.01% | 9.06% | 29.57% | -8.60% | 13.19% |
Returns By Period
In the year-to-date period, RTHAX achieves a -0.36% return, which is significantly lower than REAYX's 0.44% return.
RTHAX
- 1D
- 0.21%
- 1M
- -2.54%
- YTD
- -0.36%
- 6M
- 1.02%
- 1Y
- 1.76%
- 3Y*
- 3.63%
- 5Y*
- 0.53%
- 10Y*
- 2.84%
REAYX
- 1D
- -0.22%
- 1M
- -6.66%
- YTD
- 0.44%
- 6M
- 3.36%
- 1Y
- 11.80%
- 3Y*
- 12.71%
- 5Y*
- 8.81%
- 10Y*
- —
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RTHAX vs. REAYX - Expense Ratio Comparison
RTHAX has a 0.89% expense ratio, which is higher than REAYX's 0.66% expense ratio.
Return for Risk
RTHAX vs. REAYX — Risk / Return Rank
RTHAX
REAYX
RTHAX vs. REAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) and Russell Investments Equity Income Fund (REAYX). 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.
| RTHAX | REAYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.85 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.44 | 1.26 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.99 | -0.64 |
Martin ratioReturn relative to average drawdown | 0.92 | 4.46 | -3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RTHAX | REAYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.85 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.53 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.56 | +0.06 |
Correlation
The correlation between RTHAX and REAYX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RTHAX vs. REAYX - Dividend Comparison
RTHAX's dividend yield for the trailing twelve months is around 4.27%, less than REAYX's 15.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 4.27% | 3.60% | 4.02% | 3.97% | 3.64% | 2.80% | 3.10% | 3.83% | 3.86% | 3.44% | 4.06% |
REAYX Russell Investments Equity Income Fund | 15.17% | 15.24% | 15.38% | 13.55% | 19.72% | 10.47% | 3.61% | 1.86% | 45.26% | 14.47% | 0.00% |
Drawdowns
RTHAX vs. REAYX - Drawdown Comparison
The maximum RTHAX drawdown since its inception was -18.89%, smaller than the maximum REAYX drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for RTHAX and REAYX.
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Drawdown Indicators
| RTHAX | REAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -36.87% | +17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -11.63% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | -20.66% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -18.89% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -6.66% | +4.12% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -5.00% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.57% | -0.08% |
Volatility
RTHAX vs. REAYX - Volatility Comparison
The current volatility for Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) is 1.14%, while Russell Investments Equity Income Fund (REAYX) has a volatility of 3.25%. This indicates that RTHAX experiences smaller price fluctuations and is considered to be less risky than REAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTHAX | REAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 3.25% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 7.52% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.87% | 15.02% | -8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 16.75% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 18.67% | -13.71% |