PQTIX vs. RWSIX
Compare and contrast key facts about PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX).
PQTIX is an actively managed fund by PIMCO. It was launched on Jan 2, 2014. RWSIX is managed by Redwood. It was launched on Nov 1, 2017.
Performance
PQTIX vs. RWSIX - Performance Comparison
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PQTIX vs. RWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class | 4.68% | 2.39% | -2.88% | -4.19% | 11.62% | 14.87% | 9.96% | 2.90% | 2.37% | 1.47% |
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund | -1.83% | -2.43% | -0.64% | 8.92% | -6.10% | 18.37% | 22.40% | 11.18% | -3.55% | -6.27% |
Returns By Period
In the year-to-date period, PQTIX achieves a 4.68% return, which is significantly higher than RWSIX's -1.83% return.
PQTIX
- 1D
- 0.18%
- 1M
- -2.27%
- YTD
- 4.68%
- 6M
- 10.36%
- 1Y
- 12.24%
- 3Y*
- 2.14%
- 5Y*
- 4.39%
- 10Y*
- 3.86%
RWSIX
- 1D
- 0.00%
- 1M
- -8.37%
- YTD
- -1.83%
- 6M
- -1.31%
- 1Y
- -1.07%
- 3Y*
- -0.39%
- 5Y*
- 1.20%
- 10Y*
- —
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PQTIX vs. RWSIX - Expense Ratio Comparison
PQTIX has a 1.54% expense ratio, which is higher than RWSIX's 1.30% expense ratio.
Return for Risk
PQTIX vs. RWSIX — Risk / Return Rank
PQTIX
RWSIX
PQTIX vs. RWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) 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.
| PQTIX | RWSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | -0.08 | +1.48 |
Sortino ratioReturn per unit of downside risk | 1.89 | -0.03 | +1.92 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.22 | +1.79 |
Martin ratioReturn relative to average drawdown | 3.82 | -0.48 | +4.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PQTIX | RWSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | -0.08 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.10 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.35 | +0.13 |
Correlation
The correlation between PQTIX and RWSIX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PQTIX vs. RWSIX - Dividend Comparison
PQTIX has not paid dividends to shareholders, while RWSIX's dividend yield for the trailing twelve months is around 4.59%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class | 0.00% | 0.00% | 0.00% | 0.00% | 14.83% | 2.47% | 5.65% | 2.55% | 0.39% | 0.25% | 0.00% | 8.06% |
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund | 4.59% | 4.51% | 0.00% | 10.35% | 3.41% | 7.81% | 7.78% | 3.05% | 2.51% | 0.63% | 0.00% | 0.00% |
Drawdowns
PQTIX vs. RWSIX - Drawdown Comparison
The maximum PQTIX drawdown since its inception was -27.65%, which is greater than RWSIX's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PQTIX and RWSIX.
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Drawdown Indicators
| PQTIX | RWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.65% | -24.90% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -9.68% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -27.65% | -24.90% | -2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -27.65% | — | — |
Current DrawdownCurrent decline from peak | -12.38% | -18.29% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -6.72% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 4.44% | -1.18% |
Volatility
PQTIX vs. RWSIX - Volatility Comparison
The current volatility for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) is 3.59%, while Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a volatility of 4.46%. This indicates that PQTIX experiences smaller price fluctuations and is considered to be less risky than RWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQTIX | RWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.46% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 7.43% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 11.44% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 12.09% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 12.26% | -2.88% |