RTXAX vs. NALFX

Last updated Apr 1, 2026

Compare and contrast key facts about Russell Investment Tax-Managed Real Assets Fund (RTXAX) and New Alternatives Fund (NALFX).

RTXAX is managed by BlackRock. It was launched on Jun 9, 2019. NALFX is managed by New Alternatives. It was launched on Sep 2, 1982.

Performance

RTXAX vs. NALFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investment Tax-Managed Real Assets Fund (RTXAX) and New Alternatives Fund (NALFX). The values are adjusted to include any dividend payments, if applicable.

RTXAX vs. NALFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RTXAX Russell Investment Tax-Managed Real Assets Fund	11.49%	13.56%	1.50%	7.40%	-11.66%	26.57%	3.73%	6.17%
NALFX New Alternatives Fund	5.67%	28.13%	-6.03%	-2.49%	-15.87%	-4.78%	61.74%	14.91%

Returns By Period

In the year-to-date period, RTXAX achieves a 11.49% return, which is significantly higher than NALFX's 5.67% return.

RTXAX

• 1D: 0.13%
• 1M: -2.88%
• YTD: 11.49%
• 6M: 14.38%
• 1Y: 24.85%
• 3Y*: 10.58%
• 5Y*: 7.43%
• 10Y*: —

NALFX

• 1D: 0.38%
• 1M: -5.94%
• YTD: 5.67%
• 6M: 9.56%
• 1Y: 28.38%
• 3Y*: 5.80%
• 5Y*: 0.60%
• 10Y*: 10.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RTXAX vs. NALFX - Expense Ratio Comparison

RTXAX has a 1.33% expense ratio, which is higher than NALFX's 0.89% expense ratio.

RTXAX

Russell Investment Tax-Managed Real Assets Fund

NALFX

New Alternatives Fund

Return for Risk

RTXAX vs. NALFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RTXAX

RTXAX Risk / Return Rank: 85
RTXAX Sharpe Ratio Rank: 86
RTXAX Sortino Ratio Rank: 85
RTXAX Omega Ratio Rank: 84
RTXAX Calmar Ratio Rank: 79
RTXAX Martin Ratio Rank: 92

NALFX

NALFX Risk / Return Rank: 86
NALFX Sharpe Ratio Rank: 86
NALFX Sortino Ratio Rank: 84
NALFX Omega Ratio Rank: 81
NALFX Calmar Ratio Rank: 90
NALFX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RTXAX vs. NALFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investment Tax-Managed Real Assets Fund (RTXAX) and New Alternatives Fund (NALFX). 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.

	RTXAX	NALFX	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.69	0.00
Sortino ratio Return per unit of downside risk	2.24	2.17	+0.07
Omega ratio Gain probability vs. loss probability	1.35	1.32	+0.03
Calmar ratio Return relative to maximum drawdown	1.89	2.56	-0.67
Martin ratio Return relative to average drawdown	10.79	9.84	+0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RTXAX vs. NALFX - Sharpe Ratio Comparison

The current RTXAX Sharpe Ratio is 1.69, which is comparable to the NALFX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of RTXAX and NALFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RTXAX	NALFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.69	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.03	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.42	-0.01

Correlation

The correlation between RTXAX and NALFX is 0.70, 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

RTXAX vs. NALFX - Dividend Comparison

RTXAX's dividend yield for the trailing twelve months is around 2.57%, more than NALFX's 1.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RTXAX Russell Investment Tax-Managed Real Assets Fund	2.57%	2.86%	2.05%	1.98%	3.11%	1.74%	1.71%	0.84%	0.00%	0.00%	0.00%	0.00%
NALFX New Alternatives Fund	1.10%	1.17%	2.04%	4.47%	4.63%	5.14%	4.93%	5.55%	6.62%	4.16%	3.71%	1.71%

Drawdowns

RTXAX vs. NALFX - Drawdown Comparison

The maximum RTXAX drawdown since its inception was -40.68%, smaller than the maximum NALFX drawdown of -59.67%. Use the drawdown chart below to compare losses from any high point for RTXAX and NALFX.

Drawdown Indicators

	RTXAX	NALFX	Difference
Max Drawdown Largest peak-to-trough decline	-40.68%	-59.67%	+18.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-10.60%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-24.63%	-38.03%	+13.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	-3.32%	-9.59%	+6.27%
Average Drawdown Average peak-to-trough decline	-7.96%	-14.89%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.75%	-0.46%

Volatility

RTXAX vs. NALFX - Volatility Comparison

The current volatility for Russell Investment Tax-Managed Real Assets Fund (RTXAX) is 4.12%, while New Alternatives Fund (NALFX) has a volatility of 6.59%. This indicates that RTXAX experiences smaller price fluctuations and is considered to be less risky than NALFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RTXAX	NALFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	6.59%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	8.24%	10.57%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.04%	16.30%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	17.70%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	17.90%	+2.36%