RTSSX vs. SPY
Compare and contrast key facts about Russell Investment Tax-Managed U.S. Mid & Small Cap Fund (RTSSX) and State Street SPDR S&P 500 ETF (SPY).
RTSSX is managed by BlackRock. It was launched on Nov 30, 1999. 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
RTSSX vs. SPY - Performance Comparison
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RTSSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTSSX Russell Investment Tax-Managed U.S. Mid & Small Cap Fund | -1.59% | 5.24% | 7.21% | 16.62% | -19.12% | 19.88% | 15.34% | 23.91% | -8.63% | 14.71% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 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, RTSSX achieves a -1.59% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, RTSSX has underperformed SPY with an annualized return of 7.82%, while SPY has yielded a comparatively higher 13.98% annualized return.
RTSSX
- 1D
- -0.97%
- 1M
- -8.41%
- YTD
- -1.59%
- 6M
- -0.08%
- 1Y
- 13.81%
- 3Y*
- 7.93%
- 5Y*
- 2.33%
- 10Y*
- 7.82%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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RTSSX vs. SPY - Expense Ratio Comparison
RTSSX has a 1.20% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
RTSSX vs. SPY — Risk / Return Rank
RTSSX
SPY
RTSSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investment Tax-Managed U.S. Mid & Small Cap Fund (RTSSX) 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.
| RTSSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.93 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.45 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.53 | -0.72 |
Martin ratioReturn relative to average drawdown | 3.24 | 7.30 | -4.05 |
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
| RTSSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.93 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.69 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.78 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.56 | -0.27 |
Correlation
The correlation between RTSSX and SPY is 0.86, 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
RTSSX vs. SPY - Dividend Comparison
RTSSX's dividend yield for the trailing twelve months is around 0.47%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RTSSX Russell Investment Tax-Managed U.S. Mid & Small Cap Fund | 0.47% | 0.47% | 0.72% | 0.11% | 0.25% | 0.10% | 0.36% | 0.31% | 0.00% | 0.55% | 0.00% | 0.51% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
RTSSX vs. SPY - Drawdown Comparison
The maximum RTSSX drawdown since its inception was -57.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RTSSX and SPY.
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Drawdown Indicators
| RTSSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -55.19% | -2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -12.05% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -28.43% | -24.50% | -3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -40.79% | -33.72% | -7.07% |
Current DrawdownCurrent decline from peak | -9.80% | -6.24% | -3.56% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -9.09% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.52% | +0.99% |
Volatility
RTSSX vs. SPY - Volatility Comparison
Russell Investment Tax-Managed U.S. Mid & Small Cap Fund (RTSSX) has a higher volatility of 6.05% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that RTSSX'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
| RTSSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 5.31% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 9.47% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.54% | 19.05% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 17.06% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.24% | 17.92% | +3.32% |