RWIIX vs. RWSIX

Last updated Apr 1, 2026

Compare and contrast key facts about Redwood AlphaFactor Tactical International Fund (RWIIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX).

RWIIX is managed by Redwood. It was launched on Nov 2, 2017. RWSIX is managed by Redwood. It was launched on Nov 1, 2017.

Performance

RWIIX vs. RWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood AlphaFactor Tactical International Fund (RWIIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). The values are adjusted to include any dividend payments, if applicable.

RWIIX vs. RWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWIIX Redwood AlphaFactor Tactical International Fund	2.85%	7.87%	-6.03%	9.07%	-11.57%	10.68%	14.57%	4.58%	-2.46%	0.62%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	-1.83%	-2.43%	-0.64%	8.92%	-6.10%	18.37%	22.40%	11.18%	-3.55%	0.03%

Returns By Period

In the year-to-date period, RWIIX achieves a 2.85% return, which is significantly higher than RWSIX's -1.83% return.

RWIIX

• 1D: 0.38%
• 1M: -6.45%
• YTD: 2.85%
• 6M: 5.85%
• 1Y: 5.24%
• 3Y*: 2.39%
• 5Y*: 1.59%
• 10Y*: —

RWSIX

• 1D: 0.00%
• 1M: -8.37%
• YTD: -1.83%
• 6M: -1.31%
• 1Y: -1.07%
• 3Y*: -0.39%
• 5Y*: 1.20%
• 10Y*: —

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

RWIIX vs. RWSIX - Expense Ratio Comparison

RWIIX has a 1.22% expense ratio, which is lower than RWSIX's 1.30% expense ratio.

RWSIX

Redwood Systematic Macro Trend ("SMarT") Fund

RWIIX

Redwood AlphaFactor Tactical International Fund

Return for Risk

RWIIX vs. RWSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RWIIX

RWIIX Risk / Return Rank: 10
RWIIX Sharpe Ratio Rank: 12
RWIIX Sortino Ratio Rank: 9
RWIIX Omega Ratio Rank: 12
RWIIX Calmar Ratio Rank: 11
RWIIX Martin Ratio Rank: 9

RWSIX

RWSIX Risk / Return Rank: 4
RWSIX Sharpe Ratio Rank: 4
RWSIX Sortino Ratio Rank: 4
RWSIX Omega Ratio Rank: 4
RWSIX Calmar Ratio Rank: 4
RWSIX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RWIIX vs. RWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood AlphaFactor Tactical International Fund (RWIIX) 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.

	RWIIX	RWSIX	Difference
Sharpe ratio Return per unit of total volatility	0.31	-0.08	+0.39
Sortino ratio Return per unit of downside risk	0.44	-0.03	+0.47
Omega ratio Gain probability vs. loss probability	1.08	1.00	+0.08
Calmar ratio Return relative to maximum drawdown	0.24	-0.22	+0.46
Martin ratio Return relative to average drawdown	0.47	-0.48	+0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWIIX vs. RWSIX - Sharpe Ratio Comparison

The current RWIIX Sharpe Ratio is 0.31, which is higher than the RWSIX Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of RWIIX and RWSIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RWIIX	RWSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	-0.08	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.10	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.35	-0.04

Correlation

The correlation between RWIIX and RWSIX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RWIIX vs. RWSIX - Dividend Comparison

RWIIX's dividend yield for the trailing twelve months is around 8.49%, more than RWSIX's 4.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWIIX Redwood AlphaFactor Tactical International Fund	8.49%	8.74%	0.00%	6.82%	1.72%	14.15%	6.51%	1.84%	0.86%	0.02%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.59%	4.51%	0.00%	10.35%	3.41%	7.81%	7.78%	3.05%	2.51%	0.63%

Drawdowns

RWIIX vs. RWSIX - Drawdown Comparison

The maximum RWIIX drawdown since its inception was -20.34%, smaller than the maximum RWSIX drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for RWIIX and RWSIX.

Drawdown Indicators

	RWIIX	RWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.34%	-24.90%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-9.68%	-2.43%
Max Drawdown (5Y) Largest decline over 5 years	-20.34%	-24.90%	+4.56%
Current Drawdown Current decline from peak	-6.45%	-18.29%	+11.84%
Average Drawdown Average peak-to-trough decline	-7.92%	-6.72%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.18%	4.44%	+1.74%

Volatility

RWIIX vs. RWSIX - Volatility Comparison

The current volatility for Redwood AlphaFactor Tactical International Fund (RWIIX) is 3.87%, while Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a volatility of 4.46%. This indicates that RWIIX 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.

Volatility by Period

	RWIIX	RWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.46%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	7.43%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	11.44%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.38%	12.09%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.86%	12.26%	-1.40%