GFIRX vs. RWSIX

Last updated Jun 4, 2026

GFIRX (Goldman Sachs Managed Futures Strategy Fund) and RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) are both Systematic Trend funds. Over the past 5 years, GFIRX returned 3.34%/yr vs 2.42%/yr for RWSIX. At a 0.17 correlation, their price movements are largely independent. GFIRX charges 1.33%/yr vs 1.30%/yr for RWSIX.

Performance

GFIRX vs. RWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Managed Futures Strategy Fund (GFIRX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFIRX achieves a 7.91% return, which is significantly lower than RWSIX's 9.73% return.

GFIRX

• 1D: 0.40%
• 1M: 3.43%
• YTD: 7.91%
• 6M: 8.26%
• 1Y: 18.15%
• 3Y*: 0.71%
• 5Y*: 3.34%
• 10Y*: 3.32%

RWSIX

• 1D: 0.12%
• 1M: 3.21%
• YTD: 9.73%
• 6M: 10.72%
• 1Y: 17.30%
• 3Y*: 3.69%
• 5Y*: 2.42%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFIRX vs. RWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFIRX Goldman Sachs Managed Futures Strategy Fund	7.91%	0.54%	-5.17%	-3.87%	20.44%	4.86%	6.94%	2.61%	-2.24%	1.17%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	9.73%	-2.43%	-0.64%	8.92%	-6.10%	18.37%	22.40%	11.18%	-3.55%	-6.27%

Correlation

The correlation between GFIRX and RWSIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.17

Over the past year, GFIRX and RWSIX have become more correlated (0.38) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

GFIRX vs. RWSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFIRX

GFIRX Risk / Return Rank: 66
GFIRX Sharpe Ratio Rank: 64
GFIRX Sortino Ratio Rank: 62
GFIRX Omega Ratio Rank: 62
GFIRX Calmar Ratio Rank: 81
GFIRX Martin Ratio Rank: 62

RWSIX

RWSIX Risk / Return Rank: 32
RWSIX Sharpe Ratio Rank: 32
RWSIX Sortino Ratio Rank: 32
RWSIX Omega Ratio Rank: 31
RWSIX Calmar Ratio Rank: 31
RWSIX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFIRX vs. RWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Managed Futures Strategy Fund (GFIRX) 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.

	GFIRX	RWSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.63	+0.72
Sortino ratio: Return per unit of downside risk	3.31	2.33	+0.98
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio: Return relative to maximum drawdown	3.74	2.08	+1.66
Martin ratio: Return relative to average drawdown	12.13	7.63	+4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFIRX vs. RWSIX - Sharpe Ratio Comparison

The current GFIRX Sharpe Ratio is 2.35, which is higher than the RWSIX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of GFIRX and RWSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GFIRX	RWSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.63	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.20	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.45	-0.16

Drawdowns

GFIRX vs. RWSIX - Drawdown Comparison

The maximum GFIRX drawdown since its inception was -23.09%, smaller than the maximum RWSIX drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for GFIRX and RWSIX.

Drawdown Indicators

	GFIRX	RWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.09%	-24.90%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-8.37%	+3.51%
Max Drawdown (3Y) Largest decline over 3 years	-22.39%	-24.90%	+2.51%
Max Drawdown (5Y) Largest decline over 5 years	-23.09%	-24.90%	+1.81%
Max Drawdown (10Y) Largest decline over 10 years	-23.09%	—	—
Current Drawdown Current decline from peak	-5.55%	-8.67%	+3.12%
Average Drawdown Average peak-to-trough decline	-7.02%	-6.81%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	2.28%	-0.79%

Volatility

GFIRX vs. RWSIX - Volatility Comparison

The current volatility for Goldman Sachs Managed Futures Strategy Fund (GFIRX) is 2.10%, while Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a volatility of 3.29%. This indicates that GFIRX 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.

Volatility by Period

	GFIRX	RWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	3.29%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	6.00%	8.36%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	7.75%	10.69%	-2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.40%	12.19%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.05%	12.29%	-3.24%

GFIRX vs. RWSIX - Expense Ratio Comparison

GFIRX has a 1.33% expense ratio, which is higher than RWSIX's 1.30% expense ratio.

Dividends

GFIRX vs. RWSIX - Dividend Comparison

GFIRX has not paid dividends to shareholders, while RWSIX's dividend yield for the trailing twelve months is around 4.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFIRX Goldman Sachs Managed Futures Strategy Fund	0.00%	0.00%	0.00%	0.00%	20.11%	7.35%	1.21%	7.06%	0.16%	0.49%	0.00%	3.98%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.11%	4.51%	0.00%	10.35%	3.41%	7.81%	7.78%	3.05%	2.51%	0.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GFIRX and RWSIX in my portfolio?

GFIRX and RWSIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFIRX or RWSIX?

RWSIX has higher volatility (3.29%) compared to GFIRX (2.10%). In terms of maximum drawdown, GFIRX dropped -23.09% vs RWSIX's -24.90%.

Which has better risk-adjusted returns?

GFIRX currently has the higher Sharpe Ratio (2.35 vs 1.63), 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.