RWCEX vs. LVAZX

Last updated Jun 4, 2026

RWCEX (Redwheel Global Emerging Equity Fund) and LVAZX (LSV Emerging Markets Equity Fund) are both Emerging Markets Diversified funds. Over the past 5 years, RWCEX returned 2.03%/yr vs 16.04%/yr for LVAZX. Their correlation of 0.84 suggests significant overlap in exposure. RWCEX charges 1.22%/yr vs 1.45%/yr for LVAZX.

Performance

RWCEX vs. LVAZX - Performance Comparison

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

Returns By Period

In the year-to-date period, RWCEX achieves a 15.11% return, which is significantly lower than LVAZX's 36.52% return.

RWCEX

• 1D: 1.52%
• 1M: 5.10%
• YTD: 15.11%
• 6M: 17.36%
• 1Y: 44.55%
• 3Y*: 18.03%
• 5Y*: 2.03%
• 10Y*: —

LVAZX

• 1D: 1.05%
• 1M: 13.46%
• YTD: 36.52%
• 6M: 41.03%
• 1Y: 69.73%
• 3Y*: 32.01%
• 5Y*: 16.04%
• 10Y*: —

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

RWCEX vs. LVAZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RWCEX Redwheel Global Emerging Equity Fund	15.11%	40.13%	-1.85%	5.59%	-24.47%	-5.10%	34.62%	13.43%
LVAZX LSV Emerging Markets Equity Fund	36.52%	39.90%	7.26%	21.26%	-13.03%	13.77%	5.03%	5.91%

Correlation

The correlation between RWCEX and LVAZX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 28, 2019	0.84

The correlation between RWCEX and LVAZX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Return for Risk

RWCEX vs. LVAZX — Risk / Return Rank

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

RWCEX

RWCEX Risk / Return Rank: 58
RWCEX Sharpe Ratio Rank: 65
RWCEX Sortino Ratio Rank: 51
RWCEX Omega Ratio Rank: 56
RWCEX Calmar Ratio Rank: 65
RWCEX Martin Ratio Rank: 52

LVAZX

LVAZX Risk / Return Rank: 97
LVAZX Sharpe Ratio Rank: 99
LVAZX Sortino Ratio Rank: 96
LVAZX Omega Ratio Rank: 96
LVAZX Calmar Ratio Rank: 96
LVAZX Martin Ratio Rank: 96

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. LVAZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwheel Global Emerging Equity Fund (RWCEX) and LSV Emerging Markets Equity Fund (LVAZX). 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.

	RWCEX	LVAZX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	4.45	-2.07
Sortino ratio: Return per unit of downside risk	3.01	5.48	-2.47
Omega ratio: Gain probability vs. loss probability	1.42	1.84	-0.43
Calmar ratio: Return relative to maximum drawdown	3.10	6.16	-3.07
Martin ratio: Return relative to average drawdown	10.53	24.21	-13.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWCEX vs. LVAZX - Sharpe Ratio Comparison

The current RWCEX Sharpe Ratio is 2.38, which is lower than the LVAZX Sharpe Ratio of 4.45. The chart below compares the historical Sharpe Ratios of RWCEX and LVAZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RWCEX	LVAZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	4.45	-2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	1.12	-1.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.92	-0.54

Drawdowns

RWCEX vs. LVAZX - Drawdown Comparison

The maximum RWCEX drawdown since its inception was -46.08%, which is greater than LVAZX's maximum drawdown of -37.87%. Use the drawdown chart below to compare losses from any high point for RWCEX and LVAZX.

Drawdown Indicators

	RWCEX	LVAZX	Difference
Max Drawdown Largest peak-to-trough decline	-46.08%	-37.87%	-8.21%
Max Drawdown (1Y) Largest decline over 1 year	-14.62%	-11.44%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-15.02%	-6.38%
Max Drawdown (5Y) Largest decline over 5 years	-42.79%	-27.07%	-15.72%
Current Drawdown Current decline from peak	-1.30%	0.00%	-1.30%
Average Drawdown Average peak-to-trough decline	-20.30%	-6.78%	-13.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	2.91%	+1.38%

Volatility

RWCEX vs. LVAZX - Volatility Comparison

Redwheel Global Emerging Equity Fund (RWCEX) and LSV Emerging Markets Equity Fund (LVAZX) have volatilities of 6.83% and 7.12%, 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

	RWCEX	LVAZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	7.12%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	15.59%	13.54%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	15.84%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	14.36%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.67%	15.92%	+4.75%

RWCEX vs. LVAZX - Expense Ratio Comparison

RWCEX has a 1.22% expense ratio, which is lower than LVAZX's 1.45% expense ratio.

Dividends

RWCEX vs. LVAZX - Dividend Comparison

RWCEX's dividend yield for the trailing twelve months is around 0.83%, less than LVAZX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVAZX LSV Emerging Markets Equity Fund	3.75%	5.12%	1.39%	4.58%	3.14%	8.50%	2.54%	2.99%	0.00%	0.00%
RWCEX Redwheel Global Emerging Equity Fund	0.83%	0.96%	1.27%	0.68%	0.54%	16.01%	0.24%	0.49%	0.14%	1.47%

Frequently Asked Questions

Can I hold both RWCEX and LVAZX in my portfolio?

RWCEX and LVAZX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWCEX or LVAZX?

LVAZX has higher volatility (7.12%) compared to RWCEX (6.83%). In terms of maximum drawdown, RWCEX dropped -46.08% vs LVAZX's -37.87%.

Which has better risk-adjusted returns?

LVAZX currently has the higher Sharpe Ratio (4.45 vs 2.38), 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.