MXIVX vs. RWIIX

Last updated Jun 24, 2026

MXIVX (Great-West International Value Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, MXIVX returned 10.18%/yr vs 1.58%/yr for RWIIX. A 0.58 correlation means they provide meaningful diversification when combined. MXIVX charges 1.07%/yr vs 1.22%/yr for RWIIX.

Performance

MXIVX vs. RWIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West International Value Fund (MXIVX) 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, MXIVX achieves a 8.70% return, which is significantly higher than RWIIX's 7.48% return.

MXIVX

• 1D: 0.35%
• 1M: 1.05%
• YTD: 8.70%
• 6M: 8.16%
• 1Y: 26.22%
• 3Y*: 19.96%
• 5Y*: 10.18%
• 10Y*: 9.68%

RWIIX

• 1D: -0.14%
• 1M: -0.50%
• YTD: 7.48%
• 6M: 7.64%
• 1Y: 20.25%
• 3Y*: 4.78%
• 5Y*: 1.58%
• 10Y*: —

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

MXIVX vs. RWIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXIVX Great-West International Value Fund	8.70%	39.08%	5.46%	18.05%	-15.20%	10.38%	10.20%	22.07%	-15.68%	0.63%
RWIIX Redwood AlphaFactor Tactical International Fund	7.48%	7.87%	-6.03%	9.07%	-11.57%	10.68%	14.57%	4.58%	-2.46%	0.62%

Correlation

The correlation between MXIVX and RWIIX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017	0.58

The correlation between MXIVX and RWIIX shifts across timeframes, from 0.58 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MXIVX vs. RWIIX — Risk / Return Rank

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

MXIVX

MXIVX Risk / Return Rank: 45
MXIVX Sharpe Ratio Rank: 49
MXIVX Sortino Ratio Rank: 46
MXIVX Omega Ratio Rank: 47
MXIVX Calmar Ratio Rank: 41
MXIVX Martin Ratio Rank: 42

RWIIX

RWIIX Risk / Return Rank: 46
RWIIX Sharpe Ratio Rank: 43
RWIIX Sortino Ratio Rank: 39
RWIIX Omega Ratio Rank: 46
RWIIX Calmar Ratio Rank: 63
RWIIX Martin Ratio Rank: 37

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.

MXIVX vs. RWIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West International Value Fund (MXIVX) 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.

	MXIVX	RWIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.77	+0.13
Sortino ratio: Return per unit of downside risk	2.64	2.44	+0.20
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.31	2.93	-0.62
Martin ratio: Return relative to average drawdown	8.54	7.65	+0.89

MXIVX vs. RWIIX - Sharpe Ratio Comparison

The current MXIVX Sharpe Ratio is 1.90, which is comparable to the RWIIX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of MXIVX 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

MXIVX vs. RWIIX - Drawdown Comparison

The maximum MXIVX drawdown since its inception was -76.77%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for MXIVX and RWIIX.

Drawdown Indicators

	MXIVX	RWIIX	Difference
Max Drawdown Largest peak-to-trough decline	-76.77%	-20.34%	-56.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-6.94%	-4.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-20.34%	+6.71%
Max Drawdown (5Y) Largest decline over 5 years	-29.13%	-20.34%	-8.79%
Max Drawdown (10Y) Largest decline over 10 years	-33.18%	—	—
Current Drawdown Current decline from peak	-1.48%	-2.38%	+0.90%
Average Drawdown Average peak-to-trough decline	-22.16%	-7.78%	-14.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.65%	+0.46%

Volatility

MXIVX vs. RWIIX - Volatility Comparison

Great-West International Value Fund (MXIVX) and Redwood AlphaFactor Tactical International Fund (RWIIX) have volatilities of 4.12% and 4.12%, 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

	MXIVX	RWIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	4.12%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	9.08%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	11.52%	+2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	11.63%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	10.95%	+8.45%

MXIVX vs. RWIIX - Expense Ratio Comparison

MXIVX has a 1.07% expense ratio, which is lower than RWIIX's 1.22% expense ratio.

Dividends

MXIVX vs. RWIIX - Dividend Comparison

MXIVX's dividend yield for the trailing twelve months is around 5.48%, less than RWIIX's 8.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXIVX Great-West International Value Fund	5.48%	5.96%	4.97%	3.27%	2.99%	4.27%	1.99%	2.42%	27.79%	2.85%
RWIIX Redwood AlphaFactor Tactical International Fund	8.13%	8.74%	0.00%	6.82%	1.72%	14.15%	6.51%	1.84%	0.86%	0.02%

Frequently Asked Questions

Can I hold both MXIVX and RWIIX in my portfolio?

MXIVX and RWIIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXIVX or RWIIX?

RWIIX has higher volatility (4.12%) compared to MXIVX (4.12%). In terms of maximum drawdown, MXIVX dropped -76.77% vs RWIIX's -20.34%.

Which has better risk-adjusted returns?

MXIVX currently has the higher Sharpe Ratio (1.90 vs 1.77), 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.