- ISIN
- US90214Q7097
- Issuer
- Redwood
- Inception Date
- Nov 2, 2017
- Category
- Foreign Large Cap Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
RWIIX Performance Chart
Redwood AlphaFactor Tactical International Fund (RWIIX) is up 7.6% since the beginning of the year. RWIIX is currently trading at $14 per share. Investors who bought $1,000 worth of RWIIX shares 5 years ago would now be looking at an investment worth $1,086.
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Returns By Period
Redwood AlphaFactor Tactical International Fund (RWIIX) has returned 7.63% so far this year and 20.43% over the past 12 months.
Redwood AlphaFactor Tactical International Fund
- 1D
- 0.43%
- 1M
- -0.36%
- YTD
- 7.63%
- 6M
- 8.39%
- 1Y
- 20.43%
- 3Y*
- 3.81%
- 5Y*
- 1.67%
- 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%
RWIIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 26, 2017, RWIIX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +12.2%, while the worst month was Apr 2025 at -11.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RWIIX closed higher 46% of trading days. The best single day was Jun 8, 2020 with a return of +2.8%, while the worst single day was Dec 30, 2024 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.01% | 5.71% | -6.38% | 3.97% | 2.38% | -1.76% | 7.63% | ||||||
| 2025 | 4.43% | 0.07% | 0.88% | -11.01% | 1.95% | 3.75% | -0.77% | 5.43% | 0.96% | 1.02% | -0.72% | 2.62% | 7.87% |
| 2024 | -0.65% | 4.48% | 1.66% | -1.36% | 2.21% | -2.43% | 1.11% | 1.78% | 2.35% | -3.87% | -1.16% | -9.54% | -6.03% |
| 2023 | 5.71% | -1.52% | 1.76% | 0.62% | -2.82% | 1.27% | 3.98% | -3.22% | -1.04% | -6.10% | 7.02% | 3.89% | 9.07% |
| 2022 | -4.33% | -0.40% | -1.80% | -2.52% | 2.37% | -10.23% | 0.30% | -0.68% | -0.61% | -0.23% | 9.62% | -2.57% | -11.57% |
| 2021 | -2.28% | 1.77% | 3.41% | 2.16% | 2.70% | -0.57% | -1.67% | 2.22% | -2.06% | 0.58% | -1.92% | 6.22% | 10.68% |
Benchmark Metrics
Redwood AlphaFactor Tactical International Fund has an annualized alpha of 1.36%, beta of 0.21, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since December 26, 2017.
- This fund participated in 70.24% of S&P 500 Index downside but only 45.19% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.21 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.36%
- Beta
- 0.21
- R²
- 0.14
- Upside Capture
- 45.19%
- Downside Capture
- 70.24%
Expense Ratio
RWIIX has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RWIIX ranks 42 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 Redwood AlphaFactor Tactical International Fund (RWIIX) 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.
| RWIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.78 | +0.03 |
| Martin ratioReturn relative to average drawdown | 7.37 | 12.44 | -5.07 |
Dividends
Dividend History
Redwood AlphaFactor Tactical International Fund provided a 8.12% dividend yield over the last twelve months, with an annual payout of $1.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.13 | $1.13 | $0.00 | $0.95 | $0.24 | $2.22 | $1.06 | $0.28 | $0.13 | $0.00 |
Dividend yield | 8.12% | 8.74% | 0.00% | 6.82% | 1.72% | 14.15% | 6.51% | 1.84% | 0.86% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Redwood AlphaFactor Tactical International 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 | $1.13 | $1.13 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.22 | $2.22 |
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 Redwood AlphaFactor Tactical International 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 Redwood AlphaFactor Tactical International Fund was 20.34%, occurring on Apr 11, 2025. Recovery took 219 trading sessions.
The current Redwood AlphaFactor Tactical International Fund drawdown is 2.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -20.34%Apr 2025 | 6mo 13d | 10mo 21d | 1y 4moSep 2024 - Feb 2026 |
Bear market2022 | -19.15%Nov 2022 | 9mo 24d | 1y 4mo | 2y 2moJan 2022 - Mar 2024 |
COVID crash2020 | -15.70%Feb 2020 | 2y 1mo | 8mo 15d | 2y 9moJan 2018 - Nov 2020 |
2024 correction2024 | -11.77%Aug 2024 | 2mo 16d | 1mo 23d | 4mo 9dMay 2024 - Sep 2024 |
2026 pullback2026 | -6.94%Mar 2026 | 10d | 2mo 22d | 3mo 2dMar 2026 - Jun 2026 |
Drawdown Indicators
| RWIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.34% | -56.78% | +36.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -9.10% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.34% | -18.90% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -25.43% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.80% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -10.71% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.03% | +0.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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