PZRIX vs. RWIIX
PZRIX (PIMCO RAE Global ex-US Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, PZRIX returned 11.15%/yr vs 1.95%/yr for RWIIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PZRIX charges 0.00%/yr vs 1.22%/yr for RWIIX.
Performance
PZRIX vs. RWIIX - Performance Comparison
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Returns By Period
In the year-to-date period, PZRIX achieves a 15.43% return, which is significantly higher than RWIIX's 8.40% return.
PZRIX
- 1D
- -0.08%
- 1M
- 4.75%
- 6M
- 5.68%
- YTD
- 15.43%
- 1Y
- 30.32%
- 3Y*
- 19.23%
- 5Y*
- 11.15%
- 10Y*
- 9.99%
- ALL TIME*
- 10.33%
RWIIX
- 1D
- 0.43%
- 1M
- 2.25%
- 6M
- 3.15%
- YTD
- 8.40%
- 1Y
- 18.29%
- 3Y*
- 3.96%
- 5Y*
- 1.95%
- 10Y*
- —
- ALL TIME*
- 3.81%
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 |
PZRIX vs. RWIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 15.43% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 0.75% |
RWIIX Redwood AlphaFactor Tactical International Fund | 8.40% | 7.87% | -6.03% | 9.07% | -11.57% | 10.68% | 14.57% | 4.58% | -2.46% | 0.62% |
Correlation
The correlation between PZRIX and RWIIX is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017 | 0.62 |
The correlation between PZRIX and RWIIX shifts across timeframes, from 0.62 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PZRIX vs. RWIIX — Risk / Return Rank
PZRIX
RWIIX
PZRIX vs. RWIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Global ex-US Fund (PZRIX) 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.
| PZRIX | RWIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.31 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.77 | +1.13 |
| Martin ratioReturn relative to average drawdown | 11.80 | 6.71 | +5.09 |
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Drawdowns
PZRIX vs. RWIIX - Drawdown Comparison
The maximum PZRIX drawdown since its inception was -43.53%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for PZRIX and RWIIX.
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Drawdown Indicators
| PZRIX | RWIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -20.34% | -23.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -6.94% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -20.34% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -20.34% | -10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -43.53% | — | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.54% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -7.72% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.86% | -0.17% |
Volatility
PZRIX vs. RWIIX - Volatility Comparison
PIMCO RAE Global ex-US Fund (PZRIX) and Redwood AlphaFactor Tactical International Fund (RWIIX) have volatilities of 2.73% and 2.85%, 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.
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Volatility by Period
| PZRIX | RWIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.85% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 9.36% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 11.61% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 11.70% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 10.98% | +5.66% |
PZRIX vs. RWIIX - Expense Ratio Comparison
PZRIX has a 0.00% expense ratio, which is lower than RWIIX's 1.22% expense ratio.
Dividends
PZRIX vs. RWIIX - Dividend Comparison
PZRIX's dividend yield for the trailing twelve months is around 5.68%, less than RWIIX's 8.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 5.68% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% |
RWIIX Redwood AlphaFactor Tactical International Fund | 8.06% | 8.74% | 0.00% | 6.82% | 1.72% | 14.15% | 6.51% | 1.84% | 0.86% | 0.02% | 0.00% |
Frequently Asked Questions
PZRIX and RWIIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWIIX has higher volatility (2.85%) compared to PZRIX (2.73%). In terms of maximum drawdown, PZRIX dropped -43.53% vs RWIIX's -20.34%.
PZRIX currently has the higher Sharpe Ratio (2.67 vs 1.66), 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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