ZGFIX vs. RTXAX

Last updated Apr 1, 2026

Compare and contrast key facts about Ninety One Global Franchise Fund (ZGFIX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX).

ZGFIX is managed by Ninety One. It was launched on Dec 10, 2017. RTXAX is managed by BlackRock. It was launched on Jun 9, 2019.

Performance

ZGFIX vs. RTXAX - Performance Comparison

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

ZGFIX vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZGFIX Ninety One Global Franchise Fund	-10.36%	18.56%	7.83%	19.38%	-18.04%	18.58%	16.72%	9.10%
RTXAX Russell Investment Tax-Managed Real Assets Fund	11.49%	13.56%	1.50%	7.40%	-11.66%	26.57%	3.73%	6.17%

Returns By Period

In the year-to-date period, ZGFIX achieves a -10.36% return, which is significantly lower than RTXAX's 11.49% return.

ZGFIX

• 1D: 0.76%
• 1M: -8.22%
• YTD: -10.36%
• 6M: -7.21%
• 1Y: 3.29%
• 3Y*: 8.54%
• 5Y*: 5.54%
• 10Y*: —

RTXAX

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

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

ZGFIX vs. RTXAX - Expense Ratio Comparison

ZGFIX has a 0.85% expense ratio, which is lower than RTXAX's 1.33% expense ratio.

RTXAX

Russell Investment Tax-Managed Real Assets Fund

ZGFIX

Ninety One Global Franchise Fund

Return for Risk

ZGFIX vs. RTXAX — Risk / Return Rank

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

ZGFIX

ZGFIX Risk / Return Rank: 10
ZGFIX Sharpe Ratio Rank: 11
ZGFIX Sortino Ratio Rank: 10
ZGFIX Omega Ratio Rank: 10
ZGFIX Calmar Ratio Rank: 9
ZGFIX Martin Ratio Rank: 10

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

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.

ZGFIX vs. RTXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninety One Global Franchise Fund (ZGFIX) 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.

	ZGFIX	RTXAX	Difference
Sharpe ratio Return per unit of total volatility	0.26	1.69	-1.43
Sortino ratio Return per unit of downside risk	0.46	2.24	-1.78
Omega ratio Gain probability vs. loss probability	1.06	1.35	-0.29
Calmar ratio Return relative to maximum drawdown	0.17	1.89	-1.72
Martin ratio Return relative to average drawdown	0.63	10.79	-10.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZGFIX vs. RTXAX - Sharpe Ratio Comparison

The current ZGFIX Sharpe Ratio is 0.26, which is lower than the RTXAX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of ZGFIX and RTXAX, 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

	ZGFIX	RTXAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	1.69	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.47	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.40	+0.10

Correlation

The correlation between ZGFIX and RTXAX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ZGFIX vs. RTXAX - Dividend Comparison

ZGFIX's dividend yield for the trailing twelve months is around 8.93%, more than RTXAX's 2.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ZGFIX Ninety One Global Franchise Fund	8.93%	8.00%	0.23%	0.33%	0.37%	0.13%	0.38%	0.89%	0.81%
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%

Drawdowns

ZGFIX vs. RTXAX - Drawdown Comparison

The maximum ZGFIX drawdown since its inception was -28.51%, smaller than the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for ZGFIX and RTXAX.

Drawdown Indicators

	ZGFIX	RTXAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.51%	-40.68%	+12.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	-13.11%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.19%	-24.63%	-2.56%
Current Drawdown Current decline from peak	-12.49%	-3.32%	-9.17%
Average Drawdown Average peak-to-trough decline	-5.16%	-7.96%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.29%	+1.25%

Volatility

ZGFIX vs. RTXAX - Volatility Comparison

Ninety One Global Franchise Fund (ZGFIX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX) have volatilities of 4.00% and 4.12%, 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

	ZGFIX	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	4.12%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	8.24%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	15.04%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	15.85%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	20.26%	-3.61%