RWDIX vs. PUTIX
RWDIX (Redwood Managed Volatility Fund) and PUTIX (PIMCO Strategic Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, RWDIX returned 1.45%/yr vs 3.95%/yr for PUTIX. Their 0.36 correlation means their historical movements had little consistent relationship. RWDIX charges 1.56%/yr vs 0.51%/yr for PUTIX.
Performance
RWDIX vs. PUTIX - Performance Comparison
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Returns By Period
In the year-to-date period, RWDIX achieves a 0.97% return, which is significantly lower than PUTIX's 1.49% return. Over the past 10 years, RWDIX has underperformed PUTIX with an annualized return of 1.45%, while PUTIX has yielded a comparatively higher 3.95% annualized return.
RWDIX
- 1D
- 0.18%
- 1M
- -0.46%
- 6M
- 0.61%
- YTD
- 0.97%
- 1Y
- 3.98%
- 3Y*
- 4.24%
- 5Y*
- 0.03%
- 10Y*
- 1.45%
- ALL TIME*
- 1.75%
PUTIX
- 1D
- -0.18%
- 1M
- -0.55%
- 6M
- 0.78%
- YTD
- 1.49%
- 1Y
- 5.28%
- 3Y*
- 6.52%
- 5Y*
- 2.98%
- 10Y*
- 3.95%
- ALL TIME*
- 3.25%
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 |
RWDIX vs. PUTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWDIX Redwood Managed Volatility Fund | 0.97% | 4.75% | 6.63% | 1.04% | -11.18% | 0.52% | -1.93% | 9.04% | -2.60% | 7.31% |
PUTIX PIMCO Strategic Bond Fund | 1.49% | 8.12% | 6.35% | 6.65% | -6.51% | 0.44% | 4.33% | 5.24% | 3.34% | 7.87% |
Correlation
The correlation between RWDIX and PUTIX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.36 |
Over the past year, RWDIX and PUTIX have become more correlated (0.64) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
RWDIX vs. PUTIX — Risk / Return Rank
RWDIX
PUTIX
RWDIX vs. PUTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Volatility Fund (RWDIX) and PIMCO Strategic Bond Fund (PUTIX). 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 | PUTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.60 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.69 | -1.68 |
| Martin ratioReturn relative to average drawdown | 9.18 | 15.43 | -6.25 |
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Drawdowns
RWDIX vs. PUTIX - Drawdown Comparison
The maximum RWDIX drawdown since its inception was -16.69%, which is greater than PUTIX's maximum drawdown of -9.59%. Use the drawdown chart below to compare losses from any high point for RWDIX and PUTIX.
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Drawdown Indicators
| RWDIX | PUTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -9.59% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -1.65% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -1.96% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.10% | -9.52% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -16.69% | -9.59% | -7.10% |
Current DrawdownCurrent decline from peak | -0.81% | -0.64% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -1.24% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.39% | +0.03% |
Volatility
RWDIX vs. PUTIX - Volatility Comparison
Redwood Managed Volatility Fund (RWDIX) and PIMCO Strategic Bond Fund (PUTIX) have volatilities of 0.59% and 0.59%, 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
| RWDIX | PUTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.59% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 2.06% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 2.49% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 2.78% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 2.69% | +1.55% |
RWDIX vs. PUTIX - Expense Ratio Comparison
RWDIX has a 1.56% expense ratio, which is higher than PUTIX's 0.51% expense ratio.
Dividends
RWDIX vs. PUTIX - Dividend Comparison
RWDIX's dividend yield for the trailing twelve months is around 5.14%, more than PUTIX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 4.32% | 4.56% | 4.19% | 2.36% | 2.32% | 1.17% | 2.07% | 3.31% | 2.81% | 4.62% | 2.58% | 4.60% |
RWDIX Redwood Managed Volatility Fund | 5.14% | 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
RWDIX and PUTIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PUTIX has higher volatility (0.59%) compared to RWDIX (0.59%). In terms of maximum drawdown, RWDIX dropped -16.69% vs PUTIX's -9.59%.
PUTIX currently has the higher Sharpe Ratio (2.43 vs 1.76), 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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