ZGFIX vs. RTXAX
ZGFIX (Ninety One Global Franchise Fund) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 5 years, ZGFIX returned 4.46%/yr vs 6.14%/yr for RTXAX. A 0.67 correlation means they provide meaningful diversification when combined. ZGFIX charges 0.85%/yr vs 1.33%/yr for RTXAX.
Performance
ZGFIX vs. RTXAX - Performance Comparison
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Returns By Period
In the year-to-date period, ZGFIX achieves a -6.63% return, which is significantly lower than RTXAX's 14.86% return.
ZGFIX
- 1D
- -0.17%
- 1M
- -3.63%
- YTD
- -6.63%
- 6M
- -7.01%
- 1Y
- -1.20%
- 3Y*
- 9.22%
- 5Y*
- 4.46%
- 10Y*
- —
RTXAX
- 1D
- -0.26%
- 1M
- -2.11%
- YTD
- 14.86%
- 6M
- 14.26%
- 1Y
- 24.76%
- 3Y*
- 12.58%
- 5Y*
- 6.14%
- 10Y*
- —
ZGFIX vs. RTXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZGFIX Ninety One Global Franchise Fund | -6.63% | 18.56% | 7.83% | 19.38% | -18.04% | 18.58% | 16.72% | 9.78% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 14.86% | 13.56% | 1.50% | 7.40% | -11.66% | 26.57% | 3.73% | 6.17% |
Correlation
The correlation between ZGFIX and RTXAX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.67 |
Over the past year, the correlation between ZGFIX and RTXAX has dropped to 0.38 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
ZGFIX vs. RTXAX — Risk / Return Rank
ZGFIX
RTXAX
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.
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.
| ZGFIX | RTXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.39 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 4.83 | -4.83 |
| Martin ratioReturn relative to average drawdown | -0.01 | 17.85 | -17.85 |
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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.
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Drawdown Indicators
| ZGFIX | RTXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -40.68% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.14% | -5.21% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -13.14% | -17.13% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -24.63% | -2.56% |
Current DrawdownCurrent decline from peak | -8.85% | -2.67% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -7.73% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 1.41% | +3.50% |
Volatility
ZGFIX vs. RTXAX - Volatility Comparison
Ninety One Global Franchise Fund (ZGFIX) has a higher volatility of 3.68% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 3.40%. This indicates that ZGFIX'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.
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Volatility by Period
| ZGFIX | RTXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.40% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 8.35% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 11.06% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 15.82% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 20.02% | -3.46% |
ZGFIX vs. RTXAX - Expense Ratio Comparison
ZGFIX has a 0.85% expense ratio, which is lower than RTXAX's 1.33% expense ratio.
Dividends
ZGFIX vs. RTXAX - Dividend Comparison
ZGFIX's dividend yield for the trailing twelve months is around 8.57%, more than RTXAX's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
ZGFIX Ninety One Global Franchise Fund | 8.57% | 8.00% | 0.23% | 0.33% | 0.37% | 0.13% | 0.38% | 0.89% | 0.81% |
Frequently Asked Questions
ZGFIX and RTXAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZGFIX has higher volatility (3.68%) compared to RTXAX (3.40%). In terms of maximum drawdown, ZGFIX dropped -28.51% vs RTXAX's -40.68%.
RTXAX currently has the higher Sharpe Ratio (2.28 vs -0.00), 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.
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