VICEX vs. RTXAX

Last updated Jun 24, 2026

VICEX (USA Mutuals Vice Fund) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 5 years, VICEX returned 3.42%/yr vs 6.26%/yr for RTXAX. A 0.68 correlation means they provide meaningful diversification when combined. VICEX charges 1.59%/yr vs 1.33%/yr for RTXAX.

Performance

VICEX vs. RTXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USA Mutuals Vice Fund (VICEX) 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, VICEX achieves a 3.98% return, which is significantly lower than RTXAX's 15.17% return.

VICEX

• 1D: -0.97%
• 1M: -2.69%
• YTD: 3.98%
• 6M: 2.70%
• 1Y: 8.96%
• 3Y*: 8.01%
• 5Y*: 3.42%
• 10Y*: 5.39%

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)

VICEX vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VICEX USA Mutuals Vice Fund	3.98%	20.25%	4.40%	-2.18%	3.41%	-1.36%	-0.89%	8.75%
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 VICEX and RTXAX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019	0.68

The correlation between VICEX and RTXAX has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

Return for Risk

VICEX vs. RTXAX — Risk / Return Rank

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

VICEX

VICEX Risk / Return Rank: 9
VICEX Sharpe Ratio Rank: 10
VICEX Sortino Ratio Rank: 9
VICEX Omega Ratio Rank: 9
VICEX Calmar Ratio Rank: 10
VICEX Martin Ratio Rank: 9

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.

VICEX vs. RTXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USA Mutuals Vice Fund (VICEX) 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.

	VICEX	RTXAX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.35	-1.60
Sortino ratio: Return per unit of downside risk	1.10	3.19	-2.09
Omega ratio: Gain probability vs. loss probability	1.14	1.41	-0.27
Calmar ratio: Return relative to maximum drawdown	0.89	4.99	-4.10
Martin ratio: Return relative to average drawdown	2.41	18.57	-16.16

VICEX vs. RTXAX - Sharpe Ratio Comparison

The current VICEX Sharpe Ratio is 0.75, which is lower than the RTXAX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of VICEX 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

VICEX vs. RTXAX - Drawdown Comparison

The maximum VICEX drawdown since its inception was -54.58%, which is greater than RTXAX's maximum drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for VICEX and RTXAX.

Drawdown Indicators

	VICEX	RTXAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.58%	-40.68%	-13.90%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-5.21%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	-14.00%	-17.13%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-21.27%	-24.63%	+3.36%
Max Drawdown (10Y) Largest decline over 10 years	-40.91%	—	—
Current Drawdown Current decline from peak	-6.06%	-2.42%	-3.64%
Average Drawdown Average peak-to-trough decline	-10.44%	-7.73%	-2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	1.40%	+2.58%

Volatility

VICEX vs. RTXAX - Volatility Comparison

USA Mutuals Vice Fund (VICEX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX) have volatilities of 3.48% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VICEX	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.40%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	8.34%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	11.07%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	15.82%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	20.02%	-4.43%

VICEX vs. RTXAX - Expense Ratio Comparison

VICEX has a 1.59% expense ratio, which is higher than RTXAX's 1.33% expense ratio.

Dividends

VICEX vs. RTXAX - Dividend Comparison

VICEX's dividend yield for the trailing twelve months is around 12.79%, more than RTXAX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VICEX USA Mutuals Vice Fund	12.79%	13.30%	5.70%	10.54%	8.24%	16.06%	3.99%	4.76%	1.02%	3.15%	20.81%	1.21%

Frequently Asked Questions

Can I hold both VICEX and RTXAX in my portfolio?

VICEX and RTXAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VICEX or RTXAX?

VICEX has higher volatility (3.48%) compared to RTXAX (3.40%). In terms of maximum drawdown, VICEX dropped -54.58% vs RTXAX's -40.68%.

Which has better risk-adjusted returns?

RTXAX currently has the higher Sharpe Ratio (2.35 vs 0.75), 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.