SGARX vs. RTXAX

Last updated Jun 24, 2026

SGARX (Virtus SGA Global Growth Fund) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 5 years, SGARX returned 0.06%/yr vs 6.26%/yr for RTXAX. A 0.64 correlation means they provide meaningful diversification when combined. SGARX charges 0.91%/yr vs 1.33%/yr for RTXAX.

Performance

SGARX vs. RTXAX - Performance Comparison

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

Returns By Period

In the year-to-date period, SGARX achieves a -7.63% return, which is significantly lower than RTXAX's 15.17% return.

SGARX

• 1D: -1.29%
• 1M: -3.97%
• YTD: -7.63%
• 6M: -8.00%
• 1Y: -7.04%
• 3Y*: 5.36%
• 5Y*: 0.06%
• 10Y*: —

RTXAX

• 1D: 0.59%
• 1M: -1.86%
• YTD: 15.17%
• 6M: 14.91%
• 1Y: 25.38%
• 3Y*: 12.68%
• 5Y*: 6.26%
• 10Y*: —

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

SGARX vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SGARX Virtus SGA Global Growth Fund	-7.63%	3.75%	9.88%	27.17%	-25.69%	8.31%	31.26%	9.24%
RTXAX Russell Investment Tax-Managed Real Assets Fund	15.17%	13.56%	1.50%	7.40%	-11.66%	26.57%	3.73%	6.17%

Correlation

The correlation between SGARX and RTXAX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019	0.64

Over the past year, the correlation between SGARX and RTXAX has dropped to 0.34 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

SGARX vs. RTXAX — Risk / Return Rank

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

SGARX

SGARX Risk / Return Rank: 1
SGARX Sharpe Ratio Rank: 1
SGARX Sortino Ratio Rank: 1
SGARX Omega Ratio Rank: 1
SGARX Calmar Ratio Rank: 1
SGARX Martin Ratio Rank: 1

RTXAX

RTXAX Risk / Return Rank: 80
RTXAX Sharpe Ratio Rank: 77
RTXAX Sortino Ratio Rank: 71
RTXAX Omega Ratio Rank: 64
RTXAX Calmar Ratio Rank: 94
RTXAX Martin Ratio Rank: 93

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.

SGARX vs. RTXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus SGA Global Growth Fund (SGARX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). 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.

	SGARX	RTXAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	2.35	-2.79
Sortino ratio: Return per unit of downside risk	-0.50	3.19	-3.70
Omega ratio: Gain probability vs. loss probability	0.94	1.41	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.33	4.99	-5.32
Martin ratio: Return relative to average drawdown	-0.89	18.57	-19.46

SGARX vs. RTXAX - Sharpe Ratio Comparison

The current SGARX Sharpe Ratio is -0.44, which is lower than the RTXAX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of SGARX and RTXAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGARX vs. RTXAX - Drawdown Comparison

The maximum SGARX drawdown since its inception was -37.07%, smaller than the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for SGARX and RTXAX.

Drawdown Indicators

	SGARX	RTXAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.07%	-40.68%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-5.21%	-14.17%
Max Drawdown (3Y) Largest decline over 3 years	-33.86%	-17.13%	-16.73%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	-24.63%	-12.44%
Current Drawdown Current decline from peak	-26.07%	-2.42%	-23.65%
Average Drawdown Average peak-to-trough decline	-13.09%	-7.73%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.21%	1.40%	+5.81%

Volatility

SGARX vs. RTXAX - Volatility Comparison

Virtus SGA Global Growth Fund (SGARX) has a higher volatility of 4.96% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 3.40%. This indicates that SGARX's price experiences larger fluctuations and is considered to be riskier than RTXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGARX	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	3.40%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	8.34%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	11.07%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.64%	15.82%	+7.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.41%	20.02%	+3.39%

SGARX vs. RTXAX - Expense Ratio Comparison

SGARX has a 0.91% expense ratio, which is lower than RTXAX's 1.33% expense ratio.

Dividends

SGARX vs. RTXAX - Dividend Comparison

SGARX's dividend yield for the trailing twelve months is around 13.82%, more than RTXAX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RTXAX Russell Investment Tax-Managed Real Assets Fund	2.49%	2.86%	2.05%	1.98%	3.11%	1.74%	1.71%	0.84%
SGARX Virtus SGA Global Growth Fund	13.82%	12.76%	25.64%	0.00%	2.52%	6.86%	3.18%	0.05%

Frequently Asked Questions

Can I hold both SGARX and RTXAX in my portfolio?

SGARX and RTXAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGARX or RTXAX?

SGARX has higher volatility (4.96%) compared to RTXAX (3.40%). In terms of maximum drawdown, SGARX dropped -37.07% vs RTXAX's -40.68%.

Which has better risk-adjusted returns?

RTXAX currently has the higher Sharpe Ratio (2.35 vs -0.44), 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.