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 0.03%/yr vs -1.65%/yr for RWMIX. Their 0.22 correlation means their historical movements had little consistent relationship. RWDIX charges 1.56%/yr vs 1.00%/yr for RWMIX.
Performance
RWDIX vs. RWMIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RWDIX achieves a 0.97% return, which is significantly higher than RWMIX's -1.00% 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%
RWMIX
- 1D
- -0.33%
- 1M
- -1.70%
- 6M
- -1.54%
- YTD
- -1.00%
- 1Y
- 1.52%
- 3Y*
- 1.30%
- 5Y*
- -1.65%
- 10Y*
- —
- ALL TIME*
- 1.14%
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. RWMIX - 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% | 2.38% |
RWMIX Redwood Managed Municipal Income Fund | -1.00% | -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 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.22 |
The correlation between RWDIX and RWMIX shifts across timeframes, from 0.22 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 0.51 | +1.50 |
| Martin ratioReturn relative to average drawdown | 9.18 | 1.25 | +7.93 |
Loading charts...
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.
Loading charts...
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% | -3.01% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -8.09% | +3.37% |
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 | -0.81% | -8.04% | +7.23% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -4.74% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.22% | -0.80% |
Volatility
RWDIX vs. RWMIX - Volatility Comparison
The current volatility for Redwood Managed Volatility Fund (RWDIX) is 0.59%, while Redwood Managed Municipal Income Fund (RWMIX) has a volatility of 0.95%. This indicates that RWDIX experiences smaller price fluctuations and is considered to be less risky than RWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RWDIX | RWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.95% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.89% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 2.27% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 3.95% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 3.51% | +0.73% |
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 5.14%, more than RWMIX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RWMIX Redwood Managed Municipal Income Fund | 4.03% | 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 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWMIX has higher volatility (0.95%) compared to RWDIX (0.59%). In terms of maximum drawdown, RWDIX dropped -16.69% vs RWMIX's -12.90%.
RWDIX currently has the higher Sharpe Ratio (1.76 vs 0.68), 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.
Find the right allocation for RWDIX and RWMIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer