CAPIX vs. CREMX
CAPIX (Calamos Aksia Alternative Credit and Income Fund Class I) and CREMX (Redwood Real Estate Income Fund) are both mutual funds - CAPIX is a Bank Loan fund actively managed by Calamos, while CREMX is a REIT fund actively managed by Redwood. Both are actively managed. Over the past year, CAPIX returned 7.05% vs 7.26% for CREMX. At a 0.02 correlation, their price movements are largely independent. CAPIX charges 1.25%/yr vs 5.16%/yr for CREMX.
Performance
CAPIX vs. CREMX - Performance Comparison
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Returns By Period
In the year-to-date period, CAPIX achieves a 2.97% return, which is significantly lower than CREMX's 3.64% return.
CAPIX
- 1D
- 0.10%
- 1M
- 0.67%
- 6M
- 2.58%
- YTD
- 2.97%
- 1Y
- 7.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CREMX
- 1D
- -0.04%
- 1M
- 0.32%
- 6M
- 3.31%
- YTD
- 3.64%
- 1Y
- 7.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAPIX vs. CREMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 2.97% | 7.43% | 8.60% | 2.11% |
CREMX Redwood Real Estate Income Fund | 3.64% | 7.72% | 8.09% | 1.95% |
Correlation
The correlation between CAPIX and CREMX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023 | 0.02 |
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Return for Risk
CAPIX vs. CREMX — Risk / Return Rank
CAPIX
CREMX
CAPIX vs. CREMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) and Redwood Real Estate Income Fund (CREMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CAPIX | CREMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.61 | ||
| Sortino ratioReturn per unit of downside risk | -96.40 | ||
| Omega ratioGain probability vs. loss probability | 2.86 | 60.02 | -57.16 |
| Calmar ratioReturn relative to maximum drawdown | 7.72 | 185.39 | -177.67 |
| Martin ratioReturn relative to average drawdown | 28.80 | 1,464.47 | -1,435.67 |
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Drawdowns
CAPIX vs. CREMX - Drawdown Comparison
The maximum CAPIX drawdown since its inception was -1.96%, which is greater than CREMX's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for CAPIX and CREMX.
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Drawdown Indicators
| CAPIX | CREMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.96% | -0.71% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -0.04% | -0.90% |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -0.02% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.01% | +0.24% |
Volatility
CAPIX vs. CREMX - Volatility Comparison
Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) has a higher volatility of 0.22% compared to Redwood Real Estate Income Fund (CREMX) at 0.15%. This indicates that CAPIX's price experiences larger fluctuations and is considered to be riskier than CREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAPIX | CREMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.15% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 0.31% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.70% | 0.44% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 0.85% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.52% | 0.85% | +1.67% |
CAPIX vs. CREMX - Expense Ratio Comparison
CAPIX has a 1.25% expense ratio, which is lower than CREMX's 5.16% expense ratio.
Dividends
CAPIX vs. CREMX - Dividend Comparison
CAPIX's dividend yield for the trailing twelve months is around 8.63%, more than CREMX's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 8.63% | 7.18% | 4.42% | 1.81% |
CREMX Redwood Real Estate Income Fund | 7.13% | 7.38% | 7.64% | 1.98% |
Frequently Asked Questions
CAPIX and CREMX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAPIX has higher volatility (0.22%) compared to CREMX (0.15%). In terms of maximum drawdown, CAPIX dropped -1.96% vs CREMX's -0.71%.
CREMX currently has the higher Sharpe Ratio (16.88 vs 4.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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