RWDIX vs. RWMIX
RWDIX (Redwood Managed Volatility Fund) and RWMIX (Redwood Managed Municipal Income Fund) are both mutual funds - RWDIX is a Nontraditional Bonds fund managed by Redwood, while RWMIX is a High Yield Muni fund managed by Redwood. Over the past 5 years, RWDIX returned 0.19%/yr vs -1.17%/yr for RWMIX. At a 0.21 correlation, their price movements are largely independent. RWDIX charges 1.56%/yr vs 1.00%/yr for RWMIX.
Performance
RWDIX vs. RWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, RWDIX achieves a 1.32% return, which is significantly higher than RWMIX's 0.06% 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%
RWMIX
- 1D
- 0.00%
- 1M
- 0.71%
- YTD
- 0.06%
- 6M
- 0.29%
- 1Y
- 2.79%
- 3Y*
- 1.37%
- 5Y*
- -1.17%
- 10Y*
- —
RWDIX vs. RWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWDIX Redwood Managed Volatility Fund | 1.32% | 4.75% | 6.63% | 1.04% | -11.18% | 0.52% | -1.93% | 9.04% | -2.60% | 2.38% |
RWMIX Redwood Managed Municipal Income Fund | 0.06% | -2.18% | 2.69% | 3.77% | -9.56% | 4.28% | 0.13% | 10.09% | 0.30% | 3.08% |
Correlation
The correlation between RWDIX and RWMIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.21 |
The correlation between RWDIX and RWMIX shifts across timeframes, from 0.21 (all time) to 0.34 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RWDIX vs. RWMIX — Risk / Return Rank
RWDIX
RWMIX
RWDIX vs. RWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Volatility Fund (RWDIX) and Redwood Managed Municipal Income Fund (RWMIX). 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 | RWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.36 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.08 | +1.76 |
| Martin ratioReturn relative to average drawdown | 13.40 | 2.72 | +10.67 |
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Drawdowns
RWDIX vs. RWMIX - Drawdown Comparison
The maximum RWDIX drawdown since its inception was -16.69%, which is greater than RWMIX's maximum drawdown of -12.90%. Use the drawdown chart below to compare losses from any high point for RWDIX and RWMIX.
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Drawdown Indicators
| RWDIX | RWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -12.90% | -3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.67% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -8.09% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -16.10% | -12.90% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -16.69% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -7.06% | +6.60% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -4.71% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.06% | -0.65% |
Volatility
RWDIX vs. RWMIX - Volatility Comparison
Redwood Managed Volatility Fund (RWDIX) has a higher volatility of 0.60% compared to Redwood Managed Municipal Income Fund (RWMIX) at 0.49%. This indicates that RWDIX's price experiences larger fluctuations and is considered to be riskier than RWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWDIX | RWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.49% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.68% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.20% | 2.02% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 3.93% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 3.51% | +0.78% |
RWDIX vs. RWMIX - Expense Ratio Comparison
RWDIX has a 1.56% expense ratio, which is higher than RWMIX's 1.00% expense ratio.
Dividends
RWDIX vs. RWMIX - Dividend Comparison
RWDIX's dividend yield for the trailing twelve months is around 4.97%, more than RWMIX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RWMIX Redwood Managed Municipal Income Fund | 3.57% | 2.67% | 4.08% | 2.80% | 1.02% | 6.80% | 2.16% | 3.36% | 2.13% | 2.06% | 0.00% | 0.00% |
Frequently Asked Questions
RWDIX and RWMIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWDIX has higher volatility (0.60%) compared to RWMIX (0.49%). In terms of maximum drawdown, RWDIX dropped -16.69% vs RWMIX's -12.90%.
RWDIX currently has the higher Sharpe Ratio (2.52 vs 1.44), 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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