GF vs. RWIIX
GF (The New Germany Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, GF returned -2.70%/yr vs 1.67%/yr for RWIIX. At a 0.43 correlation, their price movements are largely independent. GF charges 0.01%/yr vs 1.22%/yr for RWIIX.
Performance
GF vs. RWIIX - Performance Comparison
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Returns By Period
In the year-to-date period, GF achieves a 4.70% return, which is significantly lower than RWIIX's 7.63% return.
GF
- 1D
- -1.09%
- 1M
- 1.50%
- YTD
- 4.70%
- 6M
- 7.12%
- 1Y
- 6.36%
- 3Y*
- 12.00%
- 5Y*
- -2.70%
- 10Y*
- 9.23%
RWIIX
- 1D
- 0.43%
- 1M
- -0.36%
- YTD
- 7.63%
- 6M
- 8.39%
- 1Y
- 20.43%
- 3Y*
- 3.81%
- 5Y*
- 1.67%
- 10Y*
- —
GF vs. RWIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | 4.70% | 48.34% | -9.96% | 11.66% | -42.21% | 7.92% | 38.43% | 38.75% | -21.55% | 1.32% |
RWIIX Redwood AlphaFactor Tactical International Fund | 7.63% | 7.87% | -6.03% | 9.07% | -11.57% | 10.68% | 14.57% | 4.58% | -2.46% | 0.62% |
Correlation
The correlation between GF and RWIIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017 | 0.43 |
The correlation between GF and RWIIX has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
GF vs. RWIIX — Risk / Return Rank
GF
RWIIX
GF vs. RWIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The New Germany Fund (GF) and Redwood AlphaFactor Tactical International Fund (RWIIX). 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.
| GF | RWIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.32 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.82 | -2.46 |
| Martin ratioReturn relative to average drawdown | 0.85 | 7.37 | -6.52 |
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Drawdowns
GF vs. RWIIX - Drawdown Comparison
The maximum GF drawdown since its inception was -85.97%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for GF and RWIIX.
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Drawdown Indicators
| GF | RWIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -20.34% | -65.63% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -6.94% | -11.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.75% | -20.34% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -53.83% | -20.34% | -33.49% |
Max Drawdown (10Y)Largest decline over 10 years | -53.83% | — | — |
Current DrawdownCurrent decline from peak | -16.87% | -2.24% | -14.63% |
Average DrawdownAverage peak-to-trough decline | -33.91% | -7.78% | -26.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.47% | 2.65% | +4.82% |
Volatility
GF vs. RWIIX - Volatility Comparison
The New Germany Fund (GF) has a higher volatility of 4.76% compared to Redwood AlphaFactor Tactical International Fund (RWIIX) at 4.22%. This indicates that GF's price experiences larger fluctuations and is considered to be riskier than RWIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GF | RWIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.22% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 9.09% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.79% | 11.53% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 11.63% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 10.96% | +9.76% |
GF vs. RWIIX - Expense Ratio Comparison
GF has a 0.01% expense ratio, which is lower than RWIIX's 1.22% expense ratio.
Dividends
GF vs. RWIIX - Dividend Comparison
GF's dividend yield for the trailing twelve months is around 2.41%, less than RWIIX's 8.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | 2.41% | 1.30% | 0.92% | 0.80% | 9.74% | 39.51% | 12.92% | 3.29% | 31.23% | 3.82% | 9.05% | 8.37% |
RWIIX Redwood AlphaFactor Tactical International Fund | 8.12% | 8.74% | 0.00% | 6.82% | 1.72% | 14.15% | 6.51% | 1.84% | 0.86% | 0.02% | 0.00% | 0.00% |
Frequently Asked Questions
GF and RWIIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GF has higher volatility (4.76%) compared to RWIIX (4.22%). In terms of maximum drawdown, GF dropped -85.97% vs RWIIX's -20.34%.
RWIIX currently has the higher Sharpe Ratio (1.70 vs 0.32), 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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