RWDIX vs. CREMX

Last updated Jun 24, 2026

RWDIX (Redwood Managed Volatility Fund) and CREMX (Redwood Real Estate Income Fund) are both mutual funds - RWDIX is a Nontraditional Bonds fund managed by Redwood, while CREMX is a REIT fund actively managed by Redwood. Over the past year, RWDIX returned 5.31% vs 7.47% for CREMX. At a 0.05 correlation, their price movements are largely independent. RWDIX charges 1.56%/yr vs 5.16%/yr for CREMX.

Performance

RWDIX vs. CREMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood Managed Volatility Fund (RWDIX) and Redwood Real Estate Income Fund (CREMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWDIX achieves a 1.32% return, which is significantly lower than CREMX's 3.39% return.

RWDIX

• 1D: -0.09%
• 1M: 0.36%
• YTD: 1.32%
• 6M: 1.50%
• 1Y: 5.31%
• 3Y*: 5.06%
• 5Y*: 0.19%
• 10Y*: 1.85%

CREMX

• 1D: 0.04%
• 1M: 0.52%
• YTD: 3.39%
• 6M: 3.58%
• 1Y: 7.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RWDIX vs. CREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RWDIX Redwood Managed Volatility Fund	1.32%	4.75%	6.63%	1.03%
CREMX Redwood Real Estate Income Fund	3.39%	7.72%	8.09%	1.95%

Correlation

The correlation between RWDIX and CREMX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023	0.05

Return for Risk

RWDIX vs. CREMX — Risk / Return Rank

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

RWDIX

RWDIX Risk / Return Rank: 79
RWDIX Sharpe Ratio Rank: 84
RWDIX Sortino Ratio Rank: 87
RWDIX Omega Ratio Rank: 87
RWDIX Calmar Ratio Rank: 60
RWDIX Martin Ratio Rank: 76

CREMX

CREMX Risk / Return Rank: 100
CREMX Sharpe Ratio Rank: 100
CREMX Sortino Ratio Rank: 100
CREMX Omega Ratio Rank: 100
CREMX Calmar Ratio Rank: 100
CREMX Martin Ratio Rank: 100

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.

RWDIX vs. CREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Volatility Fund (RWDIX) and Redwood Real Estate Income Fund (CREMX). 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.

	RWDIX	CREMX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	17.85	-15.33
Sortino ratio: Return per unit of downside risk	3.88	183.48	-179.60
Omega ratio: Gain probability vs. loss probability	1.56	183.38	-181.83
Calmar ratio: Return relative to maximum drawdown	2.85	191.47	-188.62
Martin ratio: Return relative to average drawdown	13.40	3,021.27	-3,007.87

RWDIX vs. CREMX - Sharpe Ratio Comparison

The current RWDIX Sharpe Ratio is 2.52, which is lower than the CREMX Sharpe Ratio of 17.85. The chart below compares the historical Sharpe Ratios of RWDIX and CREMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RWDIX vs. CREMX - Drawdown Comparison

The maximum RWDIX drawdown since its inception was -16.69%, which is greater than CREMX's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for RWDIX and CREMX.

Drawdown Indicators

	RWDIX	CREMX	Difference
Max Drawdown Largest peak-to-trough decline	-16.69%	-0.71%	-15.98%
Max Drawdown (1Y) Largest decline over 1 year	-1.95%	-0.04%	-1.91%
Max Drawdown (3Y) Largest decline over 3 years	-4.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.69%	—	—
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-4.40%	-0.02%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.00%	+0.41%

Volatility

RWDIX vs. CREMX - Volatility Comparison

Redwood Managed Volatility Fund (RWDIX) has a higher volatility of 0.60% compared to Redwood Real Estate Income Fund (CREMX) at 0.11%. This indicates that RWDIX's price experiences larger fluctuations and is considered to be riskier than CREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWDIX	CREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	0.11%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	1.78%	0.30%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	2.20%	0.43%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.70%	0.86%	+3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.29%	0.86%	+3.43%

RWDIX vs. CREMX - Expense Ratio Comparison

RWDIX has a 1.56% expense ratio, which is lower than CREMX's 5.16% expense ratio.

Dividends

RWDIX vs. CREMX - Dividend Comparison

RWDIX's dividend yield for the trailing twelve months is around 4.97%, less than CREMX's 7.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREMX Redwood Real Estate Income Fund	7.11%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWDIX Redwood Managed Volatility Fund	4.97%	4.90%	5.82%	7.60%	0.47%	6.36%	5.42%	3.59%	2.59%	5.52%	5.14%	1.17%

Frequently Asked Questions

Can I hold both RWDIX and CREMX in my portfolio?

RWDIX and CREMX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWDIX or CREMX?

RWDIX has higher volatility (0.60%) compared to CREMX (0.11%). In terms of maximum drawdown, RWDIX dropped -16.69% vs CREMX's -0.71%.

Which has better risk-adjusted returns?

CREMX currently has the higher Sharpe Ratio (17.85 vs 2.52), 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.