XSLV vs. RTDYX

Last updated Jun 4, 2026

XSLV (Invesco S&P SmallCap Low Volatility ETF) and RTDYX (Russell Investments Multifactor U.S. Equity Fund) are both funds - XSLV is a Volatility Hedged Equity fund tracking the S&P SmallCap 600 Low Volatility Index, while RTDYX is a Large Cap Blend Equities fund managed by Russell. Over the past 10 years, XSLV returned 5.44%/yr vs 14.44%/yr for RTDYX. A 0.71 correlation means they provide meaningful diversification when combined. XSLV charges 0.25%/yr vs 0.35%/yr for RTDYX.

Performance

XSLV vs. RTDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Low Volatility ETF (XSLV) and Russell Investments Multifactor U.S. Equity Fund (RTDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSLV achieves a 6.15% return, which is significantly lower than RTDYX's 12.13% return. Over the past 10 years, XSLV has underperformed RTDYX with an annualized return of 5.44%, while RTDYX has yielded a comparatively higher 14.44% annualized return.

XSLV

• 1D: -1.47%
• 1M: -1.16%
• YTD: 6.15%
• 6M: 6.31%
• 1Y: 9.97%
• 3Y*: 8.56%
• 5Y*: 2.94%
• 10Y*: 5.44%

RTDYX

• 1D: 0.20%
• 1M: 5.98%
• YTD: 12.13%
• 6M: 11.89%
• 1Y: 28.16%
• 3Y*: 21.31%
• 5Y*: 13.17%
• 10Y*: 14.44%

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

XSLV vs. RTDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSLV Invesco S&P SmallCap Low Volatility ETF	6.15%	0.31%	9.81%	1.34%	-11.83%	29.34%	-17.40%	22.35%	-5.41%	8.57%
RTDYX Russell Investments Multifactor U.S. Equity Fund	12.13%	16.05%	22.01%	24.92%	-16.48%	27.22%	13.88%	30.27%	-7.16%	21.59%

Correlation

The correlation between XSLV and RTDYX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.71

Over the past year, the correlation between XSLV and RTDYX has dropped to 0.47 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

XSLV vs. RTDYX — Risk / Return Rank

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

XSLV

XSLV Risk / Return Rank: 24
XSLV Sharpe Ratio Rank: 22
XSLV Sortino Ratio Rank: 22
XSLV Omega Ratio Rank: 20
XSLV Calmar Ratio Rank: 28
XSLV Martin Ratio Rank: 27

RTDYX

RTDYX Risk / Return Rank: 75
RTDYX Sharpe Ratio Rank: 75
RTDYX Sortino Ratio Rank: 69
RTDYX Omega Ratio Rank: 67
RTDYX Calmar Ratio Rank: 77
RTDYX Martin Ratio Rank: 86

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.

XSLV vs. RTDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Low Volatility ETF (XSLV) and Russell Investments Multifactor U.S. Equity Fund (RTDYX). 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.

	XSLV	RTDYX	Difference
Sharpe ratio Return per unit of total volatility	0.76	2.53	-1.76
Sortino ratio Return per unit of downside risk	1.21	3.47	-2.26
Omega ratio Gain probability vs. loss probability	1.13	1.46	-0.32
Calmar ratio Return relative to maximum drawdown	1.34	3.51	-2.16
Martin ratio Return relative to average drawdown	3.80	16.35	-12.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSLV vs. RTDYX - Sharpe Ratio Comparison

The current XSLV Sharpe Ratio is 0.76, which is lower than the RTDYX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XSLV and RTDYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSLV	RTDYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	2.53	-1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.54	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.66	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.61	-0.20

Drawdowns

XSLV vs. RTDYX - Drawdown Comparison

The maximum XSLV drawdown since its inception was -44.34%, which is greater than RTDYX's maximum drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for XSLV and RTDYX.

Drawdown Indicators

	XSLV	RTDYX	Difference
Max Drawdown Largest peak-to-trough decline	-44.34%	-37.43%	-6.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	-8.33%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-37.43%	+19.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-37.43%	+12.71%
Max Drawdown (10Y) Largest decline over 10 years	-44.34%	-37.43%	-6.91%
Current Drawdown Current decline from peak	-2.77%	-3.51%	+0.74%
Average Drawdown Average peak-to-trough decline	-7.29%	-6.29%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	1.78%	+0.85%

Volatility

XSLV vs. RTDYX - Volatility Comparison

Invesco S&P SmallCap Low Volatility ETF (XSLV) has a higher volatility of 3.92% compared to Russell Investments Multifactor U.S. Equity Fund (RTDYX) at 2.73%. This indicates that XSLV's price experiences larger fluctuations and is considered to be riskier than RTDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSLV	RTDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	2.73%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	8.69%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	11.57%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	24.41%	-7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	22.11%	-2.18%

XSLV vs. RTDYX - Expense Ratio Comparison

XSLV has a 0.25% expense ratio, which is lower than RTDYX's 0.35% expense ratio.

Dividends

XSLV vs. RTDYX - Dividend Comparison

XSLV's dividend yield for the trailing twelve months is around 2.61%, less than RTDYX's 31.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RTDYX Russell Investments Multifactor U.S. Equity Fund	31.18%	35.18%	31.60%	4.66%	6.03%	6.51%	3.44%	6.62%	11.47%	7.65%	1.79%	2.57%
XSLV Invesco S&P SmallCap Low Volatility ETF	2.61%	2.14%	2.55%	2.35%	2.78%	1.05%	2.49%	2.43%	2.75%	1.87%	1.96%	2.20%

Frequently Asked Questions

Can I hold both XSLV and RTDYX in my portfolio?

XSLV and RTDYX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSLV or RTDYX?

XSLV has higher volatility (3.92%) compared to RTDYX (2.73%). In terms of maximum drawdown, XSLV dropped -44.34% vs RTDYX's -37.43%.

Which has better risk-adjusted returns?

RTDYX currently has the higher Sharpe Ratio (2.53 vs 0.76), 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.