HWNIX vs. RWIIX
HWNIX (Hotchkis & Wiley International Value Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, HWNIX returned 14.19%/yr vs 0.97%/yr for RWIIX. A 0.54 correlation means they provide meaningful diversification when combined. HWNIX charges 0.95%/yr vs 1.22%/yr for RWIIX.
Performance
HWNIX vs. RWIIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWNIX achieves a 11.82% return, which is significantly higher than RWIIX's 4.86% return.
HWNIX
- 1D
- -1.36%
- 1M
- 0.33%
- YTD
- 11.82%
- 6M
- 12.07%
- 1Y
- 27.30%
- 3Y*
- 23.16%
- 5Y*
- 14.19%
- 10Y*
- 11.68%
RWIIX
- 1D
- -2.44%
- 1M
- -2.93%
- YTD
- 4.86%
- 6M
- 5.02%
- 1Y
- 15.67%
- 3Y*
- 3.92%
- 5Y*
- 0.97%
- 10Y*
- —
HWNIX vs. RWIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | 11.82% | 41.40% | 5.92% | 22.98% | -5.40% | 18.12% | -2.36% | 20.53% | -18.77% | 0.59% |
RWIIX Redwood AlphaFactor Tactical International Fund | 4.86% | 7.87% | -6.03% | 9.07% | -11.57% | 10.68% | 14.57% | 4.58% | -2.46% | 0.62% |
Correlation
The correlation between HWNIX and RWIIX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017 | 0.54 |
The correlation between HWNIX and RWIIX shifts across timeframes, from 0.54 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HWNIX vs. RWIIX — Risk / Return Rank
HWNIX
RWIIX
HWNIX vs. RWIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley International Value Fund (HWNIX) 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.
| HWNIX | RWIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.51 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.63 | 6.50 | +3.13 |
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Drawdowns
HWNIX vs. RWIIX - Drawdown Comparison
The maximum HWNIX drawdown since its inception was -48.97%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for HWNIX and RWIIX.
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Drawdown Indicators
| HWNIX | RWIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -20.34% | -28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.94% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -20.34% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -20.34% | -8.89% |
Max Drawdown (10Y)Largest decline over 10 years | -48.97% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -4.76% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -7.78% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.67% | +0.34% |
Volatility
HWNIX vs. RWIIX - Volatility Comparison
Hotchkis & Wiley International Value Fund (HWNIX) has a higher volatility of 5.14% compared to Redwood AlphaFactor Tactical International Fund (RWIIX) at 4.78%. This indicates that HWNIX'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
| HWNIX | RWIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.78% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 9.42% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 11.77% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 11.68% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 10.98% | +8.76% |
HWNIX vs. RWIIX - Expense Ratio Comparison
HWNIX has a 0.95% expense ratio, which is lower than RWIIX's 1.22% expense ratio.
Dividends
HWNIX vs. RWIIX - Dividend Comparison
HWNIX's dividend yield for the trailing twelve months is around 15.11%, more than RWIIX's 8.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | 15.11% | 16.90% | 13.76% | 8.40% | 3.20% | 1.46% | 1.21% | 3.77% | 7.96% | 5.89% | 3.90% |
RWIIX Redwood AlphaFactor Tactical International Fund | 8.33% | 8.74% | 0.00% | 6.82% | 1.72% | 14.15% | 6.51% | 1.84% | 0.86% | 0.02% | 0.00% |
Frequently Asked Questions
HWNIX and RWIIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWNIX has higher volatility (5.14%) compared to RWIIX (4.78%). In terms of maximum drawdown, HWNIX dropped -48.97% vs RWIIX's -20.34%.
HWNIX currently has the higher Sharpe Ratio (1.95 vs 1.48), 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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