RWIIX vs. PZRIX
RWIIX (Redwood AlphaFactor Tactical International Fund) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, RWIIX returned 2.06%/yr vs 11.32%/yr for PZRIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. RWIIX charges 1.22%/yr vs 0.00%/yr for PZRIX.
Performance
RWIIX vs. PZRIX - Performance Comparison
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Returns By Period
In the year-to-date period, RWIIX achieves a 7.94% return, which is significantly lower than PZRIX's 15.51% 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%
PZRIX
- 1D
- -0.61%
- 1M
- 4.83%
- 6M
- 6.72%
- YTD
- 15.51%
- 1Y
- 31.65%
- 3Y*
- 18.48%
- 5Y*
- 11.32%
- 10Y*
- 10.16%
- ALL TIME*
- 10.34%
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 |
RWIIX vs. PZRIX - 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% |
PZRIX PIMCO RAE Global ex-US Fund | 15.51% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 0.75% |
Correlation
The correlation between RWIIX and PZRIX is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017 | 0.62 |
The correlation between RWIIX and PZRIX shifts across timeframes, from 0.62 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RWIIX vs. PZRIX — Risk / Return Rank
RWIIX
PZRIX
RWIIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood AlphaFactor Tactical International Fund (RWIIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 | PZRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.95 | -1.31 |
| Martin ratioReturn relative to average drawdown | 6.40 | 11.98 | -5.57 |
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Drawdowns
RWIIX vs. PZRIX - Drawdown Comparison
The maximum RWIIX drawdown since its inception was -20.34%, smaller than the maximum PZRIX drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for RWIIX and PZRIX.
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Drawdown Indicators
| RWIIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.34% | -43.53% | +23.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -8.18% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.34% | -13.81% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -30.85% | +10.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.53% | — |
Current DrawdownCurrent decline from peak | -1.96% | -0.61% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -8.80% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.69% | +0.17% |
Volatility
RWIIX vs. PZRIX - Volatility Comparison
The current volatility for Redwood AlphaFactor Tactical International Fund (RWIIX) is 3.06%, while PIMCO RAE Global ex-US Fund (PZRIX) has a volatility of 3.30%. This indicates that RWIIX experiences smaller price fluctuations and is considered to be less risky than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWIIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 3.30% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 9.66% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 11.96% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.70% | 15.72% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.98% | 16.64% | -5.66% |
RWIIX vs. PZRIX - Expense Ratio Comparison
RWIIX has a 1.22% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Dividends
RWIIX vs. PZRIX - Dividend Comparison
RWIIX's dividend yield for the trailing twelve months is around 8.09%, more than PZRIX's 5.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 5.68% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% |
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% |
Frequently Asked Questions
RWIIX and PZRIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZRIX has higher volatility (3.30%) compared to RWIIX (3.06%). In terms of maximum drawdown, RWIIX dropped -20.34% vs PZRIX's -43.53%.
PZRIX currently has the higher Sharpe Ratio (2.72 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.
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