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Redwood Managed Municipal Income Fund (RWMIX) Sharpe Ratio: 1.19

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal circumstances, the fund will, directly or indirectly, invest at least 80% of its assets (including any borrowings for investment purposes) in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and may subject certain investors to alternative minimum tax. It may invest directly or indirectly in various types of derivatives, including swap contracts as a substitute for making direct investments in underlying instruments or to reduce certain investment exposures.

RWMIX's Sharpe Ratio of 1.19 indicates that for each unit of volatility, it generates 1.19 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 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.

RWMIX Sharpe Ratio Rank

RWMIX Sharpe Ratio Rank: 17.518
Concerning

RWMIX ranks above 17.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. 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

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

RWMIX Sharpe Ratio Market Positioning

The chart shows RWMIX'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%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Redwood Managed Municipal Income Fund's Sharpe Ratio with other mutual funds in the High Yield Muni category across multiple time periods, showing how RWMIX'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 Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PRFHXT. Rowe Price Tax Free High Yield Fund3.36
ISHYXInvesco Short Duration High Yield Municipal Fund2.89
SDHIXLord Abbett Short Duration High Income Municipal Bond Fund2.77
HIMFXAmerican High-Income Municipal Bond Fund Class F-32.68
AHMFXAmerican High-Income Municipal Bond Fund Class F-22.65
AMHIXAmerican High-Income Municipal Bond Fund2.59
FHTFXFederated Hermes Municipal High Yield Advtg Fd2.57
EWHYXEaton Vance High Yield Municipal Income Fund Class W2.55
FQTHXFranklin Templeton SMACS: Series H2.46
FRHIXFranklin High Yield Tax Free Income Fund2.46
RWMIXRedwood Managed Municipal Income Fund1.19

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows RWMIX'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 RWMIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does RWMIX fit in your portfolio?

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