- ISIN
- US00771X4438
- Issuer
- RWC
- Inception Date
- Dec 29, 2016
- Category
- Emerging Markets Diversified
- Min. Investment
- $10,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RWCEX Performance Chart
Redwheel Global Emerging Equity Fund (RWCEX) is up 10.6% since the beginning of the year. RWCEX is currently trading at $16 per share. Investors who bought $1,000 worth of RWCEX shares 5 years ago would now be looking at an investment worth $1,101.
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Returns By Period
Redwheel Global Emerging Equity Fund (RWCEX) has returned 10.56% so far this year and 38.01% over the past 12 months.
Redwheel Global Emerging Equity Fund
- 1D
- 0.75%
- 1M
- 0.19%
- YTD
- 10.56%
- 6M
- 10.93%
- 1Y
- 38.01%
- 3Y*
- 14.34%
- 5Y*
- 1.95%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RWCEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, RWCEX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +18.6%, while the worst month was Mar 2020 at -18.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RWCEX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.63% | 4.24% | -11.61% | 7.85% | 1.38% | -0.80% | 10.56% | ||||||
| 2025 | 2.01% | 2.91% | 1.64% | -0.00% | 3.05% | 5.84% | 2.30% | 3.78% | 10.47% | 1.96% | -1.93% | 2.66% | 40.13% |
| 2024 | -5.29% | 2.84% | 2.67% | 2.41% | 2.90% | -1.59% | -0.72% | -1.44% | 9.61% | -5.59% | -2.92% | -3.73% | -1.85% |
| 2023 | 11.68% | -9.68% | 2.80% | -4.60% | -1.97% | 6.02% | 8.71% | -5.23% | -3.95% | -7.75% | 11.00% | 1.34% | 5.59% |
| 2022 | -2.93% | -4.52% | -4.03% | -8.39% | 2.24% | -5.62% | 1.12% | -0.28% | -12.18% | -4.73% | 18.63% | -4.04% | -24.47% |
| 2021 | 0.12% | 5.20% | -2.95% | 4.27% | 0.17% | -0.11% | -6.34% | 3.11% | -6.56% | 3.54% | -4.50% | -0.27% | -5.10% |
Benchmark Metrics
Redwheel Global Emerging Equity Fund has an annualized alpha of -1.81%, beta of 0.77, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 102.68% of S&P 500 Index downside but only 79.17% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.81%
- Beta
- 0.77
- R²
- 0.47
- Upside Capture
- 79.17%
- Downside Capture
- 102.68%
Expense Ratio
RWCEX has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RWCEX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Redwheel Global Emerging Equity Fund (RWCEX) and compare them to S&P 500 Index.
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.
| RWCEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.78 | -0.26 |
| Martin ratioReturn relative to average drawdown | 8.14 | 12.44 | -4.30 |
Dividends
Dividend History
Redwheel Global Emerging Equity Fund provided a 0.87% dividend yield over the last twelve months, with an annual payout of $0.14 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.13 | $0.07 | $0.06 | $2.19 | $0.04 | $0.06 | $0.01 | $0.20 |
Dividend yield | 0.87% | 0.96% | 1.27% | 0.68% | 0.54% | 16.01% | 0.24% | 0.49% | 0.14% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Redwheel Global Emerging Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.19 | $2.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Redwheel Global Emerging Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Redwheel Global Emerging Equity Fund was 46.08%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Redwheel Global Emerging Equity Fund drawdown is 5.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -46.08%Mar 2020 | 2y 1mo | 8mo 6d | 2y 10moJan 2018 - Nov 2020 |
Bear market2022 | -44.78%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 |
2026 correction2026 | -14.62%Mar 2026 | 1mo 2d | — | 3mo 27dFeb 2026 - now |
2021 pullback2021 | -6.64%Jan 2021 | 7d | 7d | 14dJan 2021 - Feb 2021 |
2026 pullback2026 | -5.95%Feb 2026 | 7d | 19d | 26dJan 2026 - Feb 2026 |
Drawdown Indicators
| RWCEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.08% | -56.78% | +10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -9.10% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -18.90% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -41.67% | -25.43% | -16.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.21% | -1.80% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -20.22% | -10.71% | -9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 2.03% | +2.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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