GMWEX vs. RWIIX

Last updated Jun 26, 2026

GMWEX (GuideMark World ex-US Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, GMWEX returned 7.81%/yr vs 0.83%/yr for RWIIX. A 0.60 correlation means they provide meaningful diversification when combined. GMWEX charges 1.15%/yr vs 1.22%/yr for RWIIX.

Performance

GMWEX vs. RWIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideMark World ex-US Fund (GMWEX) and Redwood AlphaFactor Tactical International Fund (RWIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMWEX achieves a 6.44% return, which is significantly higher than RWIIX's 4.55% return.

GMWEX

• 1D: -0.08%
• 1M: -0.62%
• YTD: 6.44%
• 6M: 5.74%
• 1Y: 19.65%
• 3Y*: 17.15%
• 5Y*: 7.81%
• 10Y*: 9.31%

RWIIX

• 1D: -0.29%
• 1M: -4.30%
• YTD: 4.55%
• 6M: 4.71%
• 1Y: 15.60%
• 3Y*: 3.82%
• 5Y*: 0.83%
• 10Y*: —

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

GMWEX vs. RWIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMWEX GuideMark World ex-US Fund	6.44%	33.60%	5.36%	15.97%	-16.19%	11.70%	8.58%	20.02%	-14.12%	0.49%
RWIIX Redwood AlphaFactor Tactical International Fund	4.55%	7.87%	-6.03%	9.07%	-11.57%	10.68%	14.57%	4.58%	-2.46%	0.62%

Correlation

The correlation between GMWEX and RWIIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017	0.60

The correlation between GMWEX and RWIIX shifts across timeframes, from 0.60 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GMWEX vs. RWIIX — Risk / Return Rank

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

GMWEX

GMWEX Risk / Return Rank: 33
GMWEX Sharpe Ratio Rank: 30
GMWEX Sortino Ratio Rank: 31
GMWEX Omega Ratio Rank: 31
GMWEX Calmar Ratio Rank: 33
GMWEX Martin Ratio Rank: 37

RWIIX

RWIIX Risk / Return Rank: 33
RWIIX Sharpe Ratio Rank: 30
RWIIX Sortino Ratio Rank: 28
RWIIX Omega Ratio Rank: 33
RWIIX Calmar Ratio Rank: 45
RWIIX Martin Ratio Rank: 29

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.

GMWEX vs. RWIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideMark World ex-US Fund (GMWEX) 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.

	GMWEX	RWIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.32	-0.01
Sortino ratio: Return per unit of downside risk	1.92	1.82	+0.10
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	1.85	2.22	-0.37
Martin ratio: Return relative to average drawdown	7.02	5.72	+1.30

GMWEX vs. RWIIX - Sharpe Ratio Comparison

The current GMWEX Sharpe Ratio is 1.31, which is comparable to the RWIIX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of GMWEX and RWIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMWEX vs. RWIIX - Drawdown Comparison

The maximum GMWEX drawdown since its inception was -70.00%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for GMWEX and RWIIX.

Drawdown Indicators

	GMWEX	RWIIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.00%	-20.34%	-49.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-6.94%	-3.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.52%	-20.34%	+7.82%
Max Drawdown (5Y) Largest decline over 5 years	-31.28%	-20.34%	-10.94%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	—	—
Current Drawdown Current decline from peak	-1.90%	-5.04%	+3.14%
Average Drawdown Average peak-to-trough decline	-30.94%	-7.78%	-23.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.69%	+0.05%

Volatility

GMWEX vs. RWIIX - Volatility Comparison

GuideMark World ex-US Fund (GMWEX) and Redwood AlphaFactor Tactical International Fund (RWIIX) have volatilities of 4.78% and 4.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMWEX	RWIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	4.78%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	9.43%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	11.77%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	11.68%	+4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	10.98%	+5.05%

GMWEX vs. RWIIX - Expense Ratio Comparison

GMWEX has a 1.15% expense ratio, which is lower than RWIIX's 1.22% expense ratio.

Dividends

GMWEX vs. RWIIX - Dividend Comparison

GMWEX's dividend yield for the trailing twelve months is around 13.76%, more than RWIIX's 8.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMWEX GuideMark World ex-US Fund	13.76%	14.64%	2.94%	3.43%	3.11%	1.08%	2.01%	1.66%	1.61%	1.43%	1.86%	2.70%
RWIIX Redwood AlphaFactor Tactical International Fund	8.36%	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

Can I hold both GMWEX and RWIIX in my portfolio?

GMWEX and RWIIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMWEX or RWIIX?

RWIIX has higher volatility (4.78%) compared to GMWEX (4.78%). In terms of maximum drawdown, GMWEX dropped -70.00% vs RWIIX's -20.34%.

Which has better risk-adjusted returns?

RWIIX currently has the higher Sharpe Ratio (1.32 vs 1.31), 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.