Redwood Managed Volatility Fund (RWDIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RWDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RWDIX
RWDIX charges 1.56% annually. There are 60 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | RWDIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | RWDIX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | RWDIX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | RWDIX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | RWDIX vs FPFIX |
Best Risk-Adjusted Alternatives to RWDIX
RWDIX has a PortfoliosLab risk / return rank of 83. There are 17 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | RWDIX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | RWDIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | RWDIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | RWDIX vs APFPX | |
| DoubleLine Flexible Income Fund | 98 | — | Apr 2014 | RWDIX vs DFLEX |
Top Performing RWDIX Alternatives (YTD)
RWDIX is at 1.32% YTD. There are 37 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 6.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 6.67% | — | Aug 2010 | RWDIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 4.69% | — | Apr 2015 | RWDIX vs PMOTX | |
| Anchor Risk Managed Credit Strategies Fund | 4.38% | — | Sep 2015 | RWDIX vs ATCSX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.26% | — | Jun 2007 | RWDIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.00% | — | Mar 2022 | RWDIX vs APFPX |
Lowest Volatility Alternatives to RWDIX
RWDIX has 2.16% 1-year volatility. There are 17 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | RWDIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | RWDIX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.31% | — | Apr 2014 | RWDIX vs DFLEX | |
| GMO Opportunistic Income Fund | 1.35% | — | Oct 2011 | RWDIX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | RWDIX vs BGCIX |
Lowest Drawdown Alternatives to RWDIX
RWDIX has a 1-year max drawdown of -1.95%. There are 29 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | RWDIX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | RWDIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | RWDIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | RWDIX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.76% | — | Mar 2011 | RWDIX vs PADZX |
Other Mutual Funds from Redwood
The 4 most viewed Redwood mutual funds shown here include CREMX, RWIIX, RWSIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Redwood Real Estate Income Fund | REIT | 100 | 3.06% | — | Jun 2023 | RWDIX vs CREMX | |
| Redwood AlphaFactor Tactical International Fund | Foreign Large Cap Equities | 55 | 10.10% | — | Nov 2017 | RWDIX vs RWIIX | |
| Redwood Systematic Macro Trend ("SMarT") Fund | Systematic Trend | 32 | 9.73% | — | Nov 2017 | RWDIX vs RWSIX | |
| Redwood Managed Municipal Income Fund | High Yield Muni | 19 | -0.33% | — | Mar 2017 | RWDIX vs RWMIX |
Often Compared With RWDIX
Investors most often compare RWDIX with RPIEX, RPIDX, TUIFX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Global Bond Fund | Nontraditional Bonds | 18 | 2.75% | — | Jan 2015 | RWDIX vs RPIEX | |
| T. Rowe Price Dynamic Credit Fund | Nontraditional Bonds | 76 | 0.16% | — | Jan 2019 | RWDIX vs RPIDX | |
| Toews Unconstrained Income Fund | Nontraditional Bonds | 49 | 0.38% | — | Aug 2013 | RWDIX vs TUIFX | |
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 94 | 1.42% | — | Jun 2013 | RWDIX vs AFLIX | |
| Templeton Global Total Return Fund | Nontraditional Bonds | 20 | 2.36% | — | Sep 2008 | RWDIX vs TTRZX | |
| Wavelength Interest Rate Neutral Fund | Nontraditional Bonds | 80 | 3.43% | — | Sep 2013 | RWDIX vs WAVLX |
Compare RWDIX with Any Fund or Stock
Compare RWDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RWDIX with funds that move differently
Redwood Managed Volatility Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RWDIX.
Explore RWDIX Diversifiers