RWIIX vs. FIVQX

Last updated Aug 4, 2026

RWIIX (Redwood AlphaFactor Tactical International Fund) and FIVQX (Fidelity Advisor International Value Fund Class I) are both Foreign Large Cap Equities funds. Over the past 5 years, RWIIX returned 2.06%/yr vs 13.67%/yr for FIVQX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. RWIIX charges 1.22%/yr vs 1.05%/yr for FIVQX.

Performance

RWIIX vs. FIVQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood AlphaFactor Tactical International Fund (RWIIX) and Fidelity Advisor International Value Fund Class I (FIVQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWIIX achieves a 7.94% return, which is significantly lower than FIVQX's 10.69% return.

RWIIX

• 1D: -0.07%
• 1M: 1.82%
• 6M: 3.63%
• YTD: 7.94%
• 1Y: 18.61%
• 3Y*: 3.32%
• 5Y*: 2.06%
• 10Y*: —
• ALL TIME*: 3.76%

FIVQX

• 1D: -0.51%
• 1M: 1.96%
• 6M: 4.62%
• YTD: 10.69%
• 1Y: 26.83%
• 3Y*: 20.89%
• 5Y*: 13.67%
• 10Y*: 9.89%
• ALL TIME*: 5.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIVQX Fidelity Advisor International Value Fund Class I	$0.00	$0.00	$0.00
RWIIX Redwood AlphaFactor Tactical International Fund	$0.00	$0.00	$0.00

RWIIX vs. FIVQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWIIX Redwood AlphaFactor Tactical International Fund	7.94%	7.87%	-6.03%	9.07%	-11.57%	10.68%	14.57%	4.58%	-2.46%	0.62%
FIVQX Fidelity Advisor International Value Fund Class I	10.69%	43.57%	4.85%	19.10%	-7.95%	14.94%	3.26%	18.95%	-17.20%	0.33%

Correlation

The correlation between RWIIX and FIVQX is 0.74, 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.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017	0.60

The correlation between RWIIX and FIVQX shifts across timeframes, from 0.60 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RWIIX vs. FIVQX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWIIX

RWIIX Risk / Return Rank: 59
RWIIX Sharpe Ratio Rank: 60
RWIIX Sortino Ratio Rank: 53
RWIIX Omega Ratio Rank: 62
RWIIX Calmar Ratio Rank: 78
RWIIX Martin Ratio Rank: 41

FIVQX

FIVQX Risk / Return Rank: 70
FIVQX Sharpe Ratio Rank: 71
FIVQX Sortino Ratio Rank: 70
FIVQX Omega Ratio Rank: 66
FIVQX Calmar Ratio Rank: 74
FIVQX Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWIIX vs. FIVQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood AlphaFactor Tactical International Fund (RWIIX) and Fidelity Advisor International Value Fund Class I (FIVQX). 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.

	RWIIX	FIVQX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.76	-0.17
Sortino ratio: Return per unit of downside risk	2.16	2.50	-0.34
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.64	2.54	+0.10
Martin ratio: Return relative to average drawdown	6.40	9.31	-2.91

RWIIX vs. FIVQX - Sharpe Ratio Comparison

The current RWIIX Sharpe Ratio is 1.58, which is comparable to the FIVQX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of RWIIX and FIVQX, 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

RWIIX vs. FIVQX - Drawdown Comparison

The maximum RWIIX drawdown since its inception was -20.34%, smaller than the maximum FIVQX drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for RWIIX and FIVQX.

Drawdown Indicators

	RWIIX	FIVQX	Difference
Max Drawdown Largest peak-to-trough decline	-20.34%	-64.41%	+44.07%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-10.37%	+3.43%
Max Drawdown (3Y) Largest decline over 3 years	-20.34%	-14.47%	-5.87%
Max Drawdown (5Y) Largest decline over 5 years	-20.34%	-27.53%	+7.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.46%	—
Current Drawdown Current decline from peak	-1.96%	-0.51%	-1.45%
Average Drawdown Average peak-to-trough decline	-7.73%	-16.13%	+8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.82%	+0.04%

Volatility

RWIIX vs. FIVQX - Volatility Comparison

The current volatility for Redwood AlphaFactor Tactical International Fund (RWIIX) is 3.06%, while Fidelity Advisor International Value Fund Class I (FIVQX) has a volatility of 4.35%. This indicates that RWIIX experiences smaller price fluctuations and is considered to be less risky than FIVQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWIIX	FIVQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	4.35%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	12.66%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	15.02%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.70%	16.58%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.98%	17.62%	-6.64%

RWIIX vs. FIVQX - Expense Ratio Comparison

RWIIX has a 1.22% expense ratio, which is higher than FIVQX's 1.05% expense ratio.

Dividends

RWIIX vs. FIVQX - Dividend Comparison

RWIIX's dividend yield for the trailing twelve months is around 8.09%, more than FIVQX's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVQX Fidelity Advisor International Value Fund Class I	2.15%	2.38%	2.34%	2.05%	1.87%	4.29%	1.76%	3.46%	3.26%	0.15%	2.61%	1.19%
RWIIX Redwood AlphaFactor Tactical International Fund	8.09%	8.74%	0.00%	6.82%	1.72%	14.15%	6.51%	1.84%	0.86%	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RWIIX and FIVQX in my portfolio?

RWIIX and FIVQX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWIIX or FIVQX?

FIVQX has higher volatility (4.35%) compared to RWIIX (3.06%). In terms of maximum drawdown, RWIIX dropped -20.34% vs FIVQX's -64.41%.

Which has better risk-adjusted returns?

FIVQX currently has the higher Sharpe Ratio (1.76 vs 1.58), 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.