RWDIX vs. RWSIX
RWDIX (Redwood Managed Volatility Fund) and RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) are both mutual funds - RWDIX is a Nontraditional Bonds fund managed by Redwood, while RWSIX is a Systematic Trend fund managed by Redwood. Over the past 5 years, RWDIX returned 0.19%/yr vs 2.07%/yr for RWSIX. A 0.55 correlation means they provide meaningful diversification when combined. RWDIX charges 1.56%/yr vs 1.30%/yr for RWSIX.
Performance
RWDIX vs. RWSIX - Performance Comparison
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Returns By Period
In the year-to-date period, RWDIX achieves a 1.32% return, which is significantly lower than RWSIX's 7.58% 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%
RWSIX
- 1D
- -0.41%
- 1M
- -1.33%
- YTD
- 7.58%
- 6M
- 7.31%
- 1Y
- 14.78%
- 3Y*
- 2.78%
- 5Y*
- 2.07%
- 10Y*
- —
RWDIX vs. RWSIX - 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% | 0.26% |
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund | 7.58% | -2.43% | -0.64% | 8.92% | -6.10% | 18.37% | 22.40% | 11.18% | -3.55% | -6.27% |
Correlation
The correlation between RWDIX and RWSIX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.55 |
The correlation between RWDIX and RWSIX shifts across timeframes, from 0.55 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RWDIX vs. RWSIX — Risk / Return Rank
RWDIX
RWSIX
RWDIX vs. RWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Volatility Fund (RWDIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). 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 | RWSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.25 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.83 | +1.01 |
| Martin ratioReturn relative to average drawdown | 13.40 | 6.61 | +6.79 |
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Drawdowns
RWDIX vs. RWSIX - Drawdown Comparison
The maximum RWDIX drawdown since its inception was -16.69%, smaller than the maximum RWSIX drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for RWDIX and RWSIX.
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Drawdown Indicators
| RWDIX | RWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -24.90% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -8.37% | +6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -24.90% | +19.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.10% | -24.90% | +8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -16.69% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -10.45% | +9.99% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -6.83% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.32% | -1.91% |
Volatility
RWDIX vs. RWSIX - Volatility Comparison
The current volatility for Redwood Managed Volatility Fund (RWDIX) is 0.60%, while Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a volatility of 3.73%. This indicates that RWDIX experiences smaller price fluctuations and is considered to be less risky than RWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWDIX | RWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 3.73% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 8.97% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.20% | 11.14% | -8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 12.25% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 12.31% | -8.02% |
RWDIX vs. RWSIX - Expense Ratio Comparison
RWDIX has a 1.56% expense ratio, which is higher than RWSIX's 1.30% expense ratio.
Dividends
RWDIX vs. RWSIX - Dividend Comparison
RWDIX's dividend yield for the trailing twelve months is around 4.97%, more than RWSIX's 4.19% 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% |
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund | 4.19% | 4.51% | 0.00% | 10.35% | 3.41% | 7.81% | 7.78% | 3.05% | 2.51% | 0.63% | 0.00% | 0.00% |
Frequently Asked Questions
RWDIX and RWSIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWSIX has higher volatility (3.73%) compared to RWDIX (0.60%). In terms of maximum drawdown, RWDIX dropped -16.69% vs RWSIX's -24.90%.
RWDIX currently has the higher Sharpe Ratio (2.52 vs 1.38), 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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