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RWCEX vs. COBYX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RWCEX vs. COBYX

Last updated Jun 24, 2026

RWCEX (Redwheel Global Emerging Equity Fund) and COBYX (The Cook & Bynum Fund) are both Emerging Markets Diversified funds. Over the past 5 years, RWCEX returned 1.61%/yr vs 8.01%/yr for COBYX. At a 0.48 correlation, their price movements are largely independent. RWCEX charges 1.22%/yr vs 1.49%/yr for COBYX.

Performance

RWCEX vs. COBYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwheel Global Emerging Equity Fund (RWCEX) and The Cook & Bynum Fund (COBYX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RWCEX achieves a 10.01% return, which is significantly higher than COBYX's 8.92% return.

RWCEX

1D
-0.50%
1M
-0.31%
YTD
10.01%
6M
10.08%
1Y
36.27%
3Y*
16.00%
5Y*
1.61%
10Y*
—

COBYX

1D
-0.42%
1M
-2.39%
YTD
8.92%
6M
8.18%
1Y
14.37%
3Y*
7.28%
5Y*
8.01%
10Y*
4.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RWCEX vs. COBYX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RWCEX
Redwheel Global Emerging Equity Fund		10.01%40.13%-1.85%5.59%-24.47%-5.10%34.62%23.99%-27.36%41.23%
COBYX
The Cook & Bynum Fund		8.92%20.50%-10.32%16.73%9.28%9.05%-10.97%9.40%-13.40%15.12%

Correlation

The correlation between RWCEX and COBYX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.48

Compare stocks, funds, or ETFs

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Redwheel Global Emerging Equity Fund

The Cook & Bynum Fund

Often compared with RWCEX:
RWCEX vs. EMIM.LRWCEX vs. CEMFXRWCEX vs. BEMIXRWCEX vs. FERGXRWCEX vs. BADEXRWCEX vs. DEMIXRWCEX vs. EAEMX
Often compared with COBYX:
COBYX vs. XLFCOBYX vs. DFESXCOBYX vs. DESIXCOBYX vs. FSSGXCOBYX vs. PEMYXCOBYX vs. DAADXCOBYX vs. GBFAX

Return for Risk

RWCEX vs. COBYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWCEX
RWCEX Risk / Return Rank: 4444
Overall Rank
RWCEX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
RWCEX Sortino Ratio Rank: 3939
Sortino Ratio Rank
RWCEX Omega Ratio Rank: 4444
Omega Ratio Rank
RWCEX Calmar Ratio Rank: 5050
Calmar Ratio Rank
RWCEX Martin Ratio Rank: 4040
Martin Ratio Rank
COBYX
COBYX Risk / Return Rank: 2424
Overall Rank
COBYX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
COBYX Sortino Ratio Rank: 2525
Sortino Ratio Rank
COBYX Omega Ratio Rank: 2222
Omega Ratio Rank
COBYX Calmar Ratio Rank: 2424
Calmar Ratio Rank
COBYX Martin Ratio Rank: 2424
Martin Ratio Rank
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.

RWCEX vs. COBYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwheel Global Emerging Equity Fund (RWCEX) and The Cook & Bynum Fund (COBYX). 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.

RWCEXCOBYXDifference
Sharpe ratioReturn per unit of total volatility
1.86
1.27

+0.59

Sortino ratioReturn per unit of downside risk
2.40
1.90

+0.50

Omega ratioGain probability vs. loss probability

1.33

1.23

+0.10

Calmar ratioReturn relative to maximum drawdown

2.57

1.69

+0.88

Martin ratioReturn relative to average drawdown

8.25

5.43

+2.82

RWCEX vs. COBYX - Sharpe Ratio Comparison

The current RWCEX Sharpe Ratio is 1.86, which is higher than the COBYX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of RWCEX and COBYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RWCEX vs. COBYX - Drawdown Comparison

The maximum RWCEX drawdown since its inception was -46.08%, which is greater than COBYX's maximum drawdown of -34.18%. Use the drawdown chart below to compare losses from any high point for RWCEX and COBYX.

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Drawdown Indicators

RWCEXCOBYXDifference

Max Drawdown

Largest peak-to-trough decline

-46.08%

-34.18%

-11.90%

Max Drawdown (1Y)

Largest decline over 1 year

-14.62%

-8.95%

-5.67%

Max Drawdown (3Y)

Largest decline over 3 years

-21.40%

-16.29%

-5.11%

Max Drawdown (5Y)

Largest decline over 5 years

-41.67%

-17.10%

-24.57%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.18%

—

Current Drawdown

Current decline from peak

-5.68%

-2.74%

-2.94%

Average Drawdown

Average peak-to-trough decline

-20.22%

-6.78%

-13.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.54%

2.79%

+1.75%

Volatility

RWCEX vs. COBYX - Volatility Comparison

Redwheel Global Emerging Equity Fund (RWCEX) has a higher volatility of 8.10% compared to The Cook & Bynum Fund (COBYX) at 2.98%. This indicates that RWCEX's price experiences larger fluctuations and is considered to be riskier than COBYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RWCEXCOBYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.10%

2.98%

+5.12%

Volatility (6M)

Calculated over the trailing 6-month period

17.20%

9.55%

+7.65%

Volatility (1Y)

Calculated over the trailing 1-year period

20.20%

11.91%

+8.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.98%

13.99%

+6.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.75%

13.66%

+7.09%

RWCEX vs. COBYX - Expense Ratio Comparison

RWCEX has a 1.22% expense ratio, which is lower than COBYX's 1.49% expense ratio.

Dividends

RWCEX vs. COBYX - Dividend Comparison

RWCEX's dividend yield for the trailing twelve months is around 0.87%, less than COBYX's 1.08% yield.

PositionTTM2025202420232022202120202019201820172016
COBYX
The Cook & Bynum Fund		1.08%1.18%0.00%1.01%1.16%2.18%0.32%0.69%12.60%1.88%5.09%
RWCEX
Redwheel Global Emerging Equity Fund		0.87%0.96%1.27%0.68%0.54%16.01%0.24%0.49%0.14%1.47%0.00%

Frequently Asked Questions

RWCEX and COBYX 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.

RWCEX has higher volatility (8.10%) compared to COBYX (2.98%). In terms of maximum drawdown, RWCEX dropped -46.08% vs COBYX's -34.18%.

RWCEX currently has the higher Sharpe Ratio (1.86 vs 1.27), 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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