EVOIX vs. RWSIX
Compare and contrast key facts about Altegris Futures Evolution Strategy Fund (EVOIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX).
EVOIX is managed by Altegris. It was launched on Oct 30, 2011. RWSIX is managed by Redwood. It was launched on Nov 1, 2017.
Performance
EVOIX vs. RWSIX - Performance Comparison
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EVOIX vs. RWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVOIX Altegris Futures Evolution Strategy Fund | 5.30% | 4.69% | 3.86% | 5.03% | 12.84% | 12.20% | -12.94% | 4.22% | -7.58% | 6.03% |
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund | -1.83% | -2.43% | -0.64% | 8.92% | -6.10% | 18.37% | 22.40% | 11.18% | -3.55% | -6.27% |
Returns By Period
In the year-to-date period, EVOIX achieves a 5.30% return, which is significantly higher than RWSIX's -1.83% return.
EVOIX
- 1D
- -0.30%
- 1M
- -0.76%
- YTD
- 5.30%
- 6M
- 11.30%
- 1Y
- 13.46%
- 3Y*
- 7.27%
- 5Y*
- 7.75%
- 10Y*
- 2.86%
RWSIX
- 1D
- 0.00%
- 1M
- -8.37%
- YTD
- -1.83%
- 6M
- -1.31%
- 1Y
- -1.07%
- 3Y*
- -0.39%
- 5Y*
- 1.20%
- 10Y*
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EVOIX vs. RWSIX - Expense Ratio Comparison
EVOIX has a 1.34% expense ratio, which is higher than RWSIX's 1.30% expense ratio.
Return for Risk
EVOIX vs. RWSIX — Risk / Return Rank
EVOIX
RWSIX
EVOIX vs. RWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Altegris Futures Evolution Strategy Fund (EVOIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). 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.
| EVOIX | RWSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | -0.08 | +1.43 |
Sortino ratioReturn per unit of downside risk | 1.83 | -0.03 | +1.86 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.22 | +1.93 |
Martin ratioReturn relative to average drawdown | 3.56 | -0.48 | +4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVOIX | RWSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | -0.08 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.10 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.35 | +0.05 |
Correlation
The correlation between EVOIX and RWSIX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EVOIX vs. RWSIX - Dividend Comparison
EVOIX's dividend yield for the trailing twelve months is around 10.06%, more than RWSIX's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVOIX Altegris Futures Evolution Strategy Fund | 10.06% | 11.11% | 10.09% | 1.71% | 34.87% | 9.73% | 2.23% | 1.63% | 5.52% | 1.57% | 7.27% | 9.05% |
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund | 4.59% | 4.51% | 0.00% | 10.35% | 3.41% | 7.81% | 7.78% | 3.05% | 2.51% | 0.63% | 0.00% | 0.00% |
Drawdowns
EVOIX vs. RWSIX - Drawdown Comparison
The maximum EVOIX drawdown since its inception was -29.57%, which is greater than RWSIX's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for EVOIX and RWSIX.
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Drawdown Indicators
| EVOIX | RWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -24.90% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -9.68% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -24.90% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -18.29% | +17.53% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -6.72% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 4.44% | -0.71% |
Volatility
EVOIX vs. RWSIX - Volatility Comparison
The current volatility for Altegris Futures Evolution Strategy Fund (EVOIX) is 2.53%, while Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a volatility of 4.46%. This indicates that EVOIX experiences smaller price fluctuations and is considered to be less risky than RWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVOIX | RWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 4.46% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 7.43% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 11.44% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.69% | 12.09% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.46% | 12.26% | -1.80% |