RWMIX vs. STXAX
Compare and contrast key facts about Redwood Managed Municipal Income Fund (RWMIX) and Western Asset Municipal High Income Fund (STXAX).
RWMIX is managed by Redwood. It was launched on Mar 8, 2017. STXAX is managed by Franklin Templeton. It was launched on Nov 5, 1992.
Performance
RWMIX vs. STXAX - Performance Comparison
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RWMIX vs. STXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWMIX Redwood Managed Municipal Income Fund | 0.01% | -2.18% | 2.69% | 3.77% | -9.56% | 4.28% | 0.13% | 10.09% | 0.30% | 3.08% |
STXAX Western Asset Municipal High Income Fund | -0.56% | 4.23% | 3.41% | 7.63% | -11.29% | 3.36% | 3.77% | 8.18% | 1.08% | 2.30% |
Returns By Period
In the year-to-date period, RWMIX achieves a 0.01% return, which is significantly higher than STXAX's -0.56% return.
RWMIX
- 1D
- -0.01%
- 1M
- -1.88%
- YTD
- 0.01%
- 6M
- 0.93%
- 1Y
- -1.25%
- 3Y*
- 0.91%
- 5Y*
- -0.57%
- 10Y*
- —
STXAX
- 1D
- 0.24%
- 1M
- -2.84%
- YTD
- -0.56%
- 6M
- 0.88%
- 1Y
- 3.24%
- 3Y*
- 3.93%
- 5Y*
- 1.10%
- 10Y*
- 2.40%
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RWMIX vs. STXAX - Expense Ratio Comparison
RWMIX has a 1.00% expense ratio, which is higher than STXAX's 0.83% expense ratio.
Return for Risk
RWMIX vs. STXAX — Risk / Return Rank
RWMIX
STXAX
RWMIX vs. STXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Municipal Income Fund (RWMIX) and Western Asset Municipal High Income Fund (STXAX). 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.
| RWMIX | STXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 0.68 | -0.93 |
Sortino ratioReturn per unit of downside risk | -0.25 | 0.93 | -1.18 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.18 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.73 | -0.91 |
Martin ratioReturn relative to average drawdown | -0.26 | 2.07 | -2.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RWMIX | STXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.68 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.24 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.06 | -0.70 |
Correlation
The correlation between RWMIX and STXAX is 0.58, 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
RWMIX vs. STXAX - Dividend Comparison
RWMIX's dividend yield for the trailing twelve months is around 3.58%, less than STXAX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWMIX Redwood Managed Municipal Income Fund | 3.58% | 2.67% | 4.08% | 2.80% | 1.02% | 6.80% | 2.16% | 3.36% | 2.13% | 2.06% | 0.00% | 0.00% |
STXAX Western Asset Municipal High Income Fund | 3.88% | 4.77% | 3.83% | 3.56% | 2.97% | 2.47% | 3.32% | 4.41% | 4.30% | 4.30% | 4.11% | 4.44% |
Drawdowns
RWMIX vs. STXAX - Drawdown Comparison
The maximum RWMIX drawdown since its inception was -12.90%, smaller than the maximum STXAX drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for RWMIX and STXAX.
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Drawdown Indicators
| RWMIX | STXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.90% | -22.48% | +9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -6.11% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -16.46% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -7.10% | -2.84% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -2.22% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.16% | +1.60% |
Volatility
RWMIX vs. STXAX - Volatility Comparison
The current volatility for Redwood Managed Municipal Income Fund (RWMIX) is 1.08%, while Western Asset Municipal High Income Fund (STXAX) has a volatility of 1.34%. This indicates that RWMIX experiences smaller price fluctuations and is considered to be less risky than STXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWMIX | STXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.34% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 2.00% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 6.14% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 4.70% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 4.62% | -1.08% |