RWMIX vs. RWDIX
RWMIX (Redwood Managed Municipal Income Fund) and RWDIX (Redwood Managed Volatility Fund) are both mutual funds - RWMIX is a High Yield Muni fund managed by Redwood, while RWDIX is a Nontraditional Bonds fund managed by Redwood. Over the past 5 years, RWMIX returned -1.65%/yr vs 0.03%/yr for RWDIX. Their 0.22 correlation means their historical movements had little consistent relationship. RWMIX charges 1.00%/yr vs 1.56%/yr for RWDIX.
Performance
RWMIX vs. RWDIX - Performance Comparison
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Returns By Period
In the year-to-date period, RWMIX achieves a -1.00% return, which is significantly lower than RWDIX's 0.97% return.
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%
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%
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 |
RWMIX vs. RWDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between RWMIX and RWDIX 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 RWMIX and RWDIX shifts across timeframes, from 0.22 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RWMIX vs. RWDIX — Risk / Return Rank
RWMIX
RWDIX
RWMIX vs. RWDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Municipal Income Fund (RWMIX) and Redwood Managed Volatility Fund (RWDIX). 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.
| RWMIX | RWDIX | 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 | 1.15 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.01 | -1.50 |
| Martin ratioReturn relative to average drawdown | 1.25 | 9.18 | -7.93 |
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Drawdowns
RWMIX vs. RWDIX - Drawdown Comparison
The maximum RWMIX drawdown since its inception was -12.90%, smaller than the maximum RWDIX drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for RWMIX and RWDIX.
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Drawdown Indicators
| RWMIX | RWDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.90% | -16.69% | +3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -1.95% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -8.09% | -4.72% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -16.10% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.69% | — |
Current DrawdownCurrent decline from peak | -8.04% | -0.81% | -7.23% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -4.37% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.42% | +0.80% |
Volatility
RWMIX vs. RWDIX - Volatility Comparison
Redwood Managed Municipal Income Fund (RWMIX) has a higher volatility of 0.95% compared to Redwood Managed Volatility Fund (RWDIX) at 0.59%. This indicates that RWMIX's price experiences larger fluctuations and is considered to be riskier than RWDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWMIX | RWDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.59% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 1.83% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 2.24% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 4.69% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.51% | 4.24% | -0.73% |
RWMIX vs. RWDIX - Expense Ratio Comparison
RWMIX has a 1.00% expense ratio, which is lower than RWDIX's 1.56% expense ratio.
Dividends
RWMIX vs. RWDIX - Dividend Comparison
RWMIX's dividend yield for the trailing twelve months is around 4.03%, less than RWDIX's 5.14% 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
RWMIX and RWDIX 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, RWMIX dropped -12.90% vs RWDIX's -16.69%.
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.
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