RWCEX vs. VIESX
RWCEX (Redwheel Global Emerging Equity Fund) and VIESX (Virtus KAR Emerging Markets Small-Cap Fund) are both Emerging Markets Equities funds. Over the past 5 years, RWCEX returned 0.77%/yr vs 0.86%/yr for VIESX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. RWCEX charges 1.22%/yr vs 1.51%/yr for VIESX.
Performance
RWCEX vs. VIESX - Performance Comparison
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Returns By Period
In the year-to-date period, RWCEX achieves a -0.28% return, which is significantly lower than VIESX's 0.67% return.
RWCEX
- 1D
- -1.30%
- 1M
- -5.74%
- 6M
- -12.74%
- YTD
- -0.28%
- 1Y
- 15.79%
- 3Y*
- 9.11%
- 5Y*
- 0.77%
- 10Y*
- —
- ALL TIME*
- 6.20%
VIESX
- 1D
- -0.48%
- 1M
- -0.78%
- 6M
- -6.26%
- YTD
- 0.67%
- 1Y
- -0.55%
- 3Y*
- 8.32%
- 5Y*
- 0.86%
- 10Y*
- 8.47%
- ALL TIME*
- 6.38%
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 |
RWCEX vs. VIESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWCEX Redwheel Global Emerging Equity Fund | -0.28% | 40.13% | -1.85% | 5.59% | -24.47% | -5.10% | 34.62% | 23.99% | -27.36% | 41.23% |
VIESX Virtus KAR Emerging Markets Small-Cap Fund | 0.67% | 13.61% | 3.62% | 21.83% | -22.92% | -1.62% | 38.88% | 18.28% | -5.40% | 31.01% |
Correlation
The correlation between RWCEX and VIESX is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.70 |
The correlation between RWCEX and VIESX has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
RWCEX vs. VIESX — Risk / Return Rank
RWCEX
VIESX
RWCEX vs. VIESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwheel Global Emerging Equity Fund (RWCEX) and Virtus KAR Emerging Markets Small-Cap Fund (VIESX). 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.
| RWCEX | VIESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.09 | +1.17 |
| Martin ratioReturn relative to average drawdown | 2.73 | -0.20 | +2.93 |
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Drawdowns
RWCEX vs. VIESX - Drawdown Comparison
The maximum RWCEX drawdown since its inception was -46.08%, which is greater than VIESX's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for RWCEX and VIESX.
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Drawdown Indicators
| RWCEX | VIESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.08% | -35.10% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -10.58% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -11.97% | -9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -39.58% | -35.10% | -4.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -14.50% | -8.25% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -9.70% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 4.77% | +0.99% |
Volatility
RWCEX vs. VIESX - Volatility Comparison
Redwheel Global Emerging Equity Fund (RWCEX) has a higher volatility of 6.46% compared to Virtus KAR Emerging Markets Small-Cap Fund (VIESX) at 3.52%. This indicates that RWCEX's price experiences larger fluctuations and is considered to be riskier than VIESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWCEX | VIESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 3.52% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 9.51% | +8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 11.79% | +9.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 13.27% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 13.22% | +7.57% |
RWCEX vs. VIESX - Expense Ratio Comparison
RWCEX has a 1.22% expense ratio, which is lower than VIESX's 1.51% expense ratio.
Dividends
RWCEX vs. VIESX - Dividend Comparison
RWCEX's dividend yield for the trailing twelve months is around 0.96%, less than VIESX's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWCEX Redwheel Global Emerging Equity Fund | 0.96% | 0.96% | 1.27% | 0.68% | 0.54% | 16.01% | 0.24% | 0.49% | 0.14% | 1.47% | 0.00% | 0.00% |
VIESX Virtus KAR Emerging Markets Small-Cap Fund | 2.77% | 2.79% | 3.64% | 0.00% | 0.00% | 8.80% | 1.17% | 2.06% | 0.38% | 0.83% | 2.01% | 2.24% |
Frequently Asked Questions
RWCEX and VIESX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWCEX has higher volatility (6.46%) compared to VIESX (3.52%). In terms of maximum drawdown, RWCEX dropped -46.08% vs VIESX's -35.10%.
RWCEX currently has the higher Sharpe Ratio (0.74 vs -0.08), 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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