PIGDX vs. RWIIX
PIGDX (Federated Hermes International Growth Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, PIGDX returned -24.69%/yr vs 2.07%/yr for RWIIX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. PIGDX charges 0.84%/yr vs 1.22%/yr for RWIIX.
Performance
PIGDX vs. RWIIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIGDX achieves a 10.51% return, which is significantly higher than RWIIX's 8.02% return.
PIGDX
- 1D
- 3.11%
- 1M
- -4.65%
- 6M
- 0.23%
- YTD
- 10.51%
- 1Y
- -73.43%
- 3Y*
- -31.63%
- 5Y*
- -24.69%
- 10Y*
- —
- ALL TIME*
- -5.31%
RWIIX
- 1D
- 1.08%
- 1M
- 1.89%
- 6M
- 3.85%
- YTD
- 8.02%
- 1Y
- 18.70%
- 3Y*
- 3.06%
- 5Y*
- 2.07%
- 10Y*
- —
- ALL TIME*
- 3.77%
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 |
PIGDX vs. RWIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGDX Federated Hermes International Growth Fund | 10.51% | -72.44% | 6.47% | 8.80% | -29.43% | 6.85% | 43.18% | 26.99% | -13.33% | 0.63% |
RWIIX Redwood AlphaFactor Tactical International Fund | 8.02% | 7.87% | -6.03% | 9.07% | -11.57% | 10.68% | 14.57% | 4.58% | -2.46% | 0.62% |
Correlation
The correlation between PIGDX and RWIIX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017 | 0.54 |
The correlation between PIGDX and RWIIX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
PIGDX vs. RWIIX — Risk / Return Rank
PIGDX
RWIIX
PIGDX vs. RWIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Growth Fund (PIGDX) 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.
| PIGDX | RWIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.64 | 1.28 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.48 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.28 | 6.02 | -7.30 |
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Drawdowns
PIGDX vs. RWIIX - Drawdown Comparison
The maximum PIGDX drawdown since its inception was -79.94%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for PIGDX and RWIIX.
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Drawdown Indicators
| PIGDX | RWIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.94% | -20.34% | -59.60% |
Max Drawdown (1Y)Largest decline over 1 year | -78.87% | -6.94% | -71.93% |
Max Drawdown (3Y)Largest decline over 3 years | -78.87% | -20.34% | -58.53% |
Max Drawdown (5Y)Largest decline over 5 years | -79.94% | -20.34% | -59.60% |
Current DrawdownCurrent decline from peak | -77.31% | -1.89% | -75.42% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -7.73% | -10.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.49% | 2.86% | +54.63% |
Volatility
PIGDX vs. RWIIX - Volatility Comparison
Federated Hermes International Growth Fund (PIGDX) has a higher volatility of 6.88% compared to Redwood AlphaFactor Tactical International Fund (RWIIX) at 3.20%. This indicates that PIGDX'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
| PIGDX | RWIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 3.20% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 9.42% | +7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.30% | 11.68% | +70.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.27% | 11.70% | +27.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.87% | 10.98% | +19.89% |
PIGDX vs. RWIIX - Expense Ratio Comparison
PIGDX has a 0.84% expense ratio, which is lower than RWIIX's 1.22% expense ratio.
Dividends
PIGDX vs. RWIIX - Dividend Comparison
PIGDX has not paid dividends to shareholders, while RWIIX's dividend yield for the trailing twelve months is around 8.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PIGDX Federated Hermes International Growth Fund | 0.00% | 0.00% | 1.98% | 1.24% | 2.03% | 3.98% | 4.51% | 4.64% | 16.19% | 1.26% |
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% |
Frequently Asked Questions
PIGDX and RWIIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIGDX has higher volatility (6.88%) compared to RWIIX (3.20%). In terms of maximum drawdown, PIGDX dropped -79.94% vs RWIIX's -20.34%.
RWIIX currently has the higher Sharpe Ratio (1.48 vs -0.93), 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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