PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Redwheel Global Emerging Equity Fund (RWCEX) Sharpe Ratio: 0.74

Mutual Fund · Currency in USD · Last updated Jul 31, 2026

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies, and in other instruments, principally derivatives and shares of investment companies (including exchange-traded funds ("ETFs")), that have economic characteristics similar to such securities. It invests in at least three emerging or frontier market countries. The fund may also invest in "out-of-the-money" convertible securities and may invest in securities of companies with any market capitalization.

RWCEX's Sharpe Ratio of 0.74 indicates that for each unit of volatility, it generates 0.74 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 31, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

RWCEX Sharpe Ratio Rank

RWCEX Sharpe Ratio Rank: 21.321
Below Average

RWCEX ranks above 21.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

RWCEX Sharpe Ratio Market Positioning

The chart shows RWCEX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 1.71
  • Green zone (top 25%): 1.71 or higher
  • Top 1%: 3.71+
  • Median: 1.30 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Redwheel Global Emerging Equity Fund's Sharpe Ratio with other mutual funds in the Emerging Markets Equities category across multiple time periods, showing how RWCEX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 31, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
LZEMXLazard Emerging Markets Equity Portfolio2.75
RLEMXLazard Emerging Markets Equity Portfolio Class R62.75
DEMIXDelaware Emerging Markets Fund2.48
DEMAXNomura Emerging Markets Fund Class A2.47
DEMCXNomura Emerging Markets Fund Class C2.43
ESCIXAshmore Emerging Markets Small Cap Equity Fund2.21
BEMIXBrandes Emerging Markets Fund2.10
FQEMXFranklin Templeton SMACS: Series EM2.08
GMAQXGMO Emerging Markets ex-China Fund2.03
DODEXDodge & Cox Emerging Markets Stock Fund2.02
RWCEXRedwheel Global Emerging Equity Fund0.74
Benchmark

Compare this symbol against anything

Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows RWCEX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when RWCEX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does RWCEX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio