MFTNX vs. RWSIX

Last updated Aug 5, 2026

MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) are both Systematic Trend funds. Over the past 5 years, MFTNX returned 11.48%/yr vs 2.55%/yr for RWSIX. Their 0.18 correlation means their historical movements had little consistent relationship. MFTNX charges 1.56%/yr vs 1.30%/yr for RWSIX.

Performance

MFTNX vs. RWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) 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, MFTNX achieves a 9.11% return, which is significantly lower than RWSIX's 10.49% return.

MFTNX

• 1D: -0.15%
• 1M: 0.29%
• 6M: -0.44%
• YTD: 9.11%
• 1Y: 38.82%
• 3Y*: 2.91%
• 5Y*: 11.48%
• 10Y*: 5.04%
• ALL TIME*: 3.96%

RWSIX

• 1D: 0.98%
• 1M: 1.86%
• 6M: 5.55%
• YTD: 10.49%
• 1Y: 16.60%
• 3Y*: 2.50%
• 5Y*: 2.55%
• 10Y*: —
• ALL TIME*: 5.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	$0.00	$0.00	$0.00
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	$0.00	$0.00	$0.00

MFTNX vs. RWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	9.11%	9.44%	7.12%	-13.65%	58.30%	2.37%	-3.92%	15.70%	-19.56%	16.60%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	10.49%	-2.43%	-0.64%	8.92%	-6.10%	18.37%	22.40%	11.18%	-3.55%	-6.27%

Correlation

The correlation between MFTNX and RWSIX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.26
Correlation (5Y) Shows whether the relationship held over a longer period.	0.16
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.18

The correlation between MFTNX and RWSIX shifts across timeframes, from 0.16 (5 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MFTNX vs. RWSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFTNX

MFTNX Risk / Return Rank: 81
MFTNX Sharpe Ratio Rank: 85
MFTNX Sortino Ratio Rank: 79
MFTNX Omega Ratio Rank: 75
MFTNX Calmar Ratio Rank: 93
MFTNX Martin Ratio Rank: 76

RWSIX

RWSIX Risk / Return Rank: 51
RWSIX Sharpe Ratio Rank: 54
RWSIX Sortino Ratio Rank: 54
RWSIX Omega Ratio Rank: 50
RWSIX Calmar Ratio Rank: 50
RWSIX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFTNX vs. RWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) 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.

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.

	MFTNX	RWSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.60	+0.49
Sortino ratio: Return per unit of downside risk	2.77	2.28	+0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.07
Calmar ratio: Return relative to maximum drawdown	4.06	2.11	+1.96
Martin ratio: Return relative to average drawdown	10.08	7.60	+2.48

MFTNX vs. RWSIX - Sharpe Ratio Comparison

The current MFTNX Sharpe Ratio is 2.09, which is higher than the RWSIX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of MFTNX 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.

Drawdowns

MFTNX vs. RWSIX - Drawdown Comparison

The maximum MFTNX drawdown since its inception was -35.58%, which is greater than RWSIX's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for MFTNX and RWSIX.

Drawdown Indicators

	MFTNX	RWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.58%	-24.90%	-10.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	-8.37%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-32.45%	-24.90%	-7.55%
Max Drawdown (5Y) Largest decline over 5 years	-32.45%	-24.90%	-7.55%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	—	—
Current Drawdown Current decline from peak	-7.33%	-8.03%	+0.70%
Average Drawdown Average peak-to-trough decline	-12.82%	-6.87%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	2.32%	+1.60%

Volatility

MFTNX vs. RWSIX - Volatility Comparison

Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) has a higher volatility of 5.66% compared to Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) at 3.09%. This indicates that MFTNX's price experiences larger fluctuations and is considered to be riskier than RWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFTNX	RWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	3.09%	+2.57%
Volatility (6M) Calculated over the trailing 6-month period	11.80%	9.25%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	11.06%	+7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	12.27%	+9.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	12.28%	+9.73%

MFTNX vs. RWSIX - Expense Ratio Comparison

MFTNX has a 1.56% expense ratio, which is higher than RWSIX's 1.30% expense ratio.

Dividends

MFTNX vs. RWSIX - Dividend Comparison

MFTNX has not paid dividends to shareholders, while RWSIX's dividend yield for the trailing twelve months is around 4.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	11.69%	40.52%	2.53%	0.00%	20.10%	8.43%	2.28%	9.35%	1.46%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.08%	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 MFTNX and RWSIX in my portfolio?

MFTNX 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, MFTNX or RWSIX?

MFTNX has higher volatility (5.66%) compared to RWSIX (3.09%). In terms of maximum drawdown, MFTNX dropped -35.58% vs RWSIX's -24.90%.

Which has better risk-adjusted returns?

MFTNX currently has the higher Sharpe Ratio (2.09 vs 1.60), 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.