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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Redwood Systematic Macro Trend ("SMarT") Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has returned -1.83% so far this year and -1.07% over the past 12 months.
Redwood Systematic Macro Trend ("SMarT") Fund
- 1D
- 0.00%
- 1M
- -8.37%
- YTD
- -1.83%
- 6M
- -1.31%
- 1Y
- -1.07%
- 3Y*
- -0.39%
- 5Y*
- 1.20%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 26, 2017, RWSIX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, your investment would double in approximately 13.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +13.1%, while the worst month was Dec 2024 at -14.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RWSIX closed higher 48% of trading days. The best single day was Nov 11, 2022 with a return of +7.0%, while the worst single day was Dec 30, 2024 at -9.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.04% | 2.98% | -8.37% | -1.83% | |||||||||
| 2025 | 1.83% | -1.97% | -3.01% | -8.40% | 2.46% | 2.27% | -1.08% | 4.75% | 0.80% | -1.15% | 0.86% | 0.84% | -2.43% |
| 2024 | -0.70% | 2.01% | 3.82% | -3.62% | 4.51% | 0.61% | 1.98% | 0.54% | 1.55% | -1.21% | 6.15% | -14.60% | -0.64% |
| 2023 | 8.39% | -3.47% | 0.22% | 0.11% | -3.47% | 5.76% | 3.35% | -2.56% | -4.50% | -2.92% | 3.18% | 5.50% | 8.92% |
| 2022 | -5.25% | -3.66% | -0.92% | -0.58% | 0.12% | -1.69% | 3.14% | -0.40% | -1.21% | 3.31% | 6.11% | -4.62% | -6.10% |
| 2021 | 0.75% | 3.72% | 3.86% | 3.61% | 1.13% | 0.91% | -0.10% | 1.71% | -2.85% | 2.34% | -2.04% | 4.24% | 18.37% |
Benchmark Metrics
Redwood Systematic Macro Trend ("SMarT") Fund has an annualized alpha of 0.40%, beta of 0.36, and R² of 0.32 versus S&P 500 Index. Calculated based on daily prices since November 02, 2017.
- This fund participated in 72.95% of S&P 500 Index downside but only 51.31% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.36 may look defensive, but with R² of 0.32 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 0.32 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
- 0.40%
- Beta
- 0.36
- R²
- 0.32
- Upside Capture
- 51.31%
- Downside Capture
- 72.95%
Expense Ratio
RWSIX has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RWSIX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and compare them to a chosen benchmark (S&P 500 Index).
| RWSIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.08 | 0.90 | -0.98 |
Sortino ratioReturn per unit of downside risk | -0.03 | 1.39 | -1.42 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.40 | -1.62 |
Martin ratioReturn relative to average drawdown | -0.48 | 6.61 | -7.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore RWSIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Redwood Systematic Macro Trend ("SMarT") Fund provided a 4.59% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.71 | $0.00 | $1.77 | $0.59 | $1.49 | $1.35 | $0.47 | $0.36 | $0.10 |
Dividend yield | 4.59% | 4.51% | 0.00% | 10.35% | 3.41% | 7.81% | 7.78% | 3.05% | 2.51% | 0.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Redwood Systematic Macro Trend ("SMarT") 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 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 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 | $1.77 | $1.77 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.11 | $0.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.47 | $1.49 |
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 Systematic Macro Trend ("SMarT") 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 Systematic Macro Trend ("SMarT") Fund was 24.90%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Redwood Systematic Macro Trend ("SMarT") Fund drawdown is 18.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.9% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
| -13.1% | Feb 13, 2020 | 24 | Mar 18, 2020 | 52 | Jun 2, 2020 | 76 |
| -12.81% | Jan 5, 2022 | 139 | Jul 26, 2022 | 127 | Jan 26, 2023 | 266 |
| -11.79% | Feb 3, 2023 | 194 | Nov 9, 2023 | 80 | Mar 7, 2024 | 274 |
| -10.87% | Nov 2, 2017 | 395 | May 31, 2019 | 142 | Dec 20, 2019 | 537 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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