RTNAX vs. SPY
Compare and contrast key facts about Russell Investment Tax-Managed International Equity Fund (RTNAX) and State Street SPDR S&P 500 ETF (SPY).
RTNAX is managed by BlackRock. It was launched on Jun 1, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
RTNAX vs. SPY - Performance Comparison
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RTNAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTNAX Russell Investment Tax-Managed International Equity Fund | -2.71% | 30.15% | 2.73% | 13.43% | -16.20% | 7.56% | 6.57% | 19.17% | -16.58% | 27.94% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, RTNAX achieves a -2.71% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, RTNAX has underperformed SPY with an annualized return of 6.71%, while SPY has yielded a comparatively higher 14.06% annualized return.
RTNAX
- 1D
- -0.14%
- 1M
- -12.07%
- YTD
- -2.71%
- 6M
- 0.98%
- 1Y
- 19.61%
- 3Y*
- 11.31%
- 5Y*
- 4.81%
- 10Y*
- 6.71%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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RTNAX vs. SPY - Expense Ratio Comparison
RTNAX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
RTNAX vs. SPY — Risk / Return Rank
RTNAX
SPY
RTNAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investment Tax-Managed International Equity Fund (RTNAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| RTNAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.96 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.49 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.53 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.51 | 7.27 | -1.76 |
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
| RTNAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.96 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.70 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.79 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.56 | -0.14 |
Correlation
The correlation between RTNAX and SPY is 0.74, 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.
Dividends
RTNAX vs. SPY - Dividend Comparison
RTNAX's dividend yield for the trailing twelve months is around 1.93%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RTNAX Russell Investment Tax-Managed International Equity Fund | 1.93% | 1.88% | 1.77% | 1.60% | 1.17% | 2.08% | 1.35% | 2.09% | 1.22% | 1.14% | 2.14% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
RTNAX vs. SPY - Drawdown Comparison
The maximum RTNAX drawdown since its inception was -39.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RTNAX and SPY.
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Drawdown Indicators
| RTNAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.58% | -55.19% | +15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -12.05% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -24.50% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -39.58% | -33.72% | -5.86% |
Current DrawdownCurrent decline from peak | -12.18% | -5.53% | -6.65% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -9.09% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.54% | +0.56% |
Volatility
RTNAX vs. SPY - Volatility Comparison
Russell Investment Tax-Managed International Equity Fund (RTNAX) has a higher volatility of 6.32% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that RTNAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTNAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 5.35% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 9.50% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 19.06% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 17.06% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 17.92% | -2.19% |