IVFIX vs. RWIIX
IVFIX (Federated Hermes International Strategic Value Dividend Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, IVFIX returned 10.39%/yr vs 2.06%/yr for RWIIX. Their 0.47 correlation means their historical movements had little consistent relationship. IVFIX charges 0.86%/yr vs 1.22%/yr for RWIIX.
Performance
IVFIX vs. RWIIX - Performance Comparison
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Returns By Period
In the year-to-date period, IVFIX achieves a 11.54% return, which is significantly higher than RWIIX's 7.94% return.
IVFIX
- 1D
- -0.60%
- 1M
- 2.69%
- 6M
- 7.03%
- YTD
- 11.54%
- 1Y
- 23.84%
- 3Y*
- 15.19%
- 5Y*
- 10.39%
- 10Y*
- 7.22%
- ALL TIME*
- 3.96%
RWIIX
- 1D
- -0.07%
- 1M
- 1.82%
- 6M
- 3.63%
- YTD
- 7.94%
- 1Y
- 18.61%
- 3Y*
- 3.32%
- 5Y*
- 2.06%
- 10Y*
- —
- ALL TIME*
- 3.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IVFIX vs. RWIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVFIX Federated Hermes International Strategic Value Dividend Fund | 11.54% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 1.18% |
RWIIX Redwood AlphaFactor Tactical International Fund | 7.94% | 7.87% | -6.03% | 9.07% | -11.57% | 10.68% | 14.57% | 4.58% | -2.46% | 0.62% |
Correlation
The correlation between IVFIX and RWIIX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017 | 0.47 |
The correlation between IVFIX and RWIIX has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.
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Return for Risk
IVFIX vs. RWIIX — Risk / Return Rank
IVFIX
RWIIX
IVFIX vs. RWIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Strategic Value Dividend Fund (IVFIX) 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.
| IVFIX | RWIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 2.64 | +1.56 |
| Martin ratioReturn relative to average drawdown | 9.64 | 6.40 | +3.24 |
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Drawdowns
IVFIX vs. RWIIX - Drawdown Comparison
The maximum IVFIX drawdown since its inception was -51.49%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for IVFIX and RWIIX.
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Drawdown Indicators
| IVFIX | RWIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.49% | -20.34% | -31.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -6.94% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.75% | -20.34% | +9.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.29% | -20.34% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.96% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -7.73% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.86% | -0.04% |
Volatility
IVFIX vs. RWIIX - Volatility Comparison
Federated Hermes International Strategic Value Dividend Fund (IVFIX) has a higher volatility of 3.27% compared to Redwood AlphaFactor Tactical International Fund (RWIIX) at 3.06%. This indicates that IVFIX'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
| IVFIX | RWIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.06% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 9.42% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 11.63% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 11.70% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 10.98% | +3.58% |
IVFIX vs. RWIIX - Expense Ratio Comparison
IVFIX has a 0.86% expense ratio, which is lower than RWIIX's 1.22% expense ratio.
Dividends
IVFIX vs. RWIIX - Dividend Comparison
IVFIX's dividend yield for the trailing twelve months is around 3.54%, less than RWIIX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.54% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
RWIIX Redwood AlphaFactor Tactical International Fund | 8.09% | 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
IVFIX and RWIIX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVFIX has higher volatility (3.27%) compared to RWIIX (3.06%). In terms of maximum drawdown, IVFIX dropped -51.49% vs RWIIX's -20.34%.
IVFIX currently has the higher Sharpe Ratio (2.43 vs 1.58), 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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