RTXAX vs. FAMRX
RTXAX (Russell Investment Tax-Managed Real Assets Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - RTXAX is a Global Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 5 years, RTXAX returned 6.26%/yr vs 9.75%/yr for FAMRX. A 0.78 correlation means they provide meaningful diversification when combined. RTXAX charges 1.33%/yr vs 0.70%/yr for FAMRX.
Performance
RTXAX vs. FAMRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RTXAX achieves a 15.17% return, which is significantly higher than FAMRX's 14.17% return.
RTXAX
- 1D
- 0.59%
- 1M
- -1.86%
- YTD
- 15.17%
- 6M
- 14.91%
- 1Y
- 25.38%
- 3Y*
- 12.68%
- 5Y*
- 6.26%
- 10Y*
- —
FAMRX
- 1D
- -0.06%
- 1M
- 2.43%
- YTD
- 14.17%
- 6M
- 13.73%
- 1Y
- 29.75%
- 3Y*
- 18.98%
- 5Y*
- 9.75%
- 10Y*
- 12.13%
RTXAX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RTXAX Russell Investment Tax-Managed Real Assets Fund | 15.17% | 13.56% | 1.50% | 7.40% | -11.66% | 26.57% | 3.73% | 6.17% |
FAMRX Fidelity Asset Manager 85% Fund | 14.17% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 11.62% |
Correlation
The correlation between RTXAX and FAMRX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.78 |
Over the past year, the correlation between RTXAX and FAMRX has dropped to 0.56 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RTXAX vs. FAMRX — Risk / Return Rank
RTXAX
FAMRX
RTXAX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investment Tax-Managed Real Assets Fund (RTXAX) and Fidelity Asset Manager 85% Fund (FAMRX). 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.
| RTXAX | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 3.31 | +1.68 |
| Martin ratioReturn relative to average drawdown | 18.57 | 14.35 | +4.21 |
Loading charts...
Drawdowns
RTXAX vs. FAMRX - Drawdown Comparison
The maximum RTXAX drawdown since its inception was -40.68%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for RTXAX and FAMRX.
Loading charts...
Drawdown Indicators
| RTXAX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.68% | -58.65% | +17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -9.33% | +4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -15.35% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.63% | -26.00% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.96% | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.06% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -12.30% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 2.15% | -0.75% |
Volatility
RTXAX vs. FAMRX - Volatility Comparison
The current volatility for Russell Investment Tax-Managed Real Assets Fund (RTXAX) is 3.40%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.36%. This indicates that RTXAX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RTXAX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 5.36% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 10.97% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.07% | 13.13% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 14.78% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 15.33% | +4.69% |
RTXAX vs. FAMRX - Expense Ratio Comparison
RTXAX has a 1.33% expense ratio, which is higher than FAMRX's 0.70% expense ratio.
Dividends
RTXAX vs. FAMRX - Dividend Comparison
RTXAX's dividend yield for the trailing twelve months is around 2.49%, less than FAMRX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMRX Fidelity Asset Manager 85% Fund | 4.87% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 2.49% | 2.86% | 2.05% | 1.98% | 3.11% | 1.74% | 1.71% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RTXAX and FAMRX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (5.36%) compared to RTXAX (3.40%). In terms of maximum drawdown, RTXAX dropped -40.68% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (2.36 vs 2.35), 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.
Find the right allocation for RTXAX and FAMRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer