RWMIX vs. TMNIX

Last updated Apr 1, 2026

Compare and contrast key facts about Redwood Managed Municipal Income Fund (RWMIX) and Counterpoint Tactical Municipal Fund (TMNIX).

RWMIX is managed by Redwood. It was launched on Mar 8, 2017. TMNIX is managed by Counterpoint Mutual Funds. It was launched on Jun 10, 2018.

Performance

RWMIX vs. TMNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood Managed Municipal Income Fund (RWMIX) and Counterpoint Tactical Municipal Fund (TMNIX). The values are adjusted to include any dividend payments, if applicable.

RWMIX vs. TMNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RWMIX Redwood Managed Municipal Income Fund	0.01%	-2.18%	2.69%	3.77%	-9.56%	4.28%	0.13%	10.09%	0.14%
TMNIX Counterpoint Tactical Municipal Fund	-0.24%	2.56%	3.92%	6.85%	-3.12%	2.96%	6.73%	8.70%	0.12%

Returns By Period

In the year-to-date period, RWMIX achieves a 0.01% return, which is significantly higher than TMNIX's -0.24% return.

RWMIX

• 1D: -0.01%
• 1M: -1.88%
• YTD: 0.01%
• 6M: 0.93%
• 1Y: -1.25%
• 3Y*: 0.91%
• 5Y*: -0.57%
• 10Y*: —

TMNIX

• 1D: 0.03%
• 1M: -2.18%
• YTD: -0.24%
• 6M: 0.90%
• 1Y: 3.88%
• 3Y*: 3.41%
• 5Y*: 2.37%
• 10Y*: —

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

RWMIX vs. TMNIX - Expense Ratio Comparison

Both RWMIX and TMNIX have an expense ratio of 1.00%.

RWMIX

Redwood Managed Municipal Income Fund

TMNIX

Counterpoint Tactical Municipal Fund

Return for Risk

RWMIX vs. TMNIX — Risk / Return Rank

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

RWMIX

RWMIX Risk / Return Rank: 3
RWMIX Sharpe Ratio Rank: 3
RWMIX Sortino Ratio Rank: 2
RWMIX Omega Ratio Rank: 1
RWMIX Calmar Ratio Rank: 4
RWMIX Martin Ratio Rank: 5

TMNIX

TMNIX Risk / Return Rank: 83
TMNIX Sharpe Ratio Rank: 86
TMNIX Sortino Ratio Rank: 90
TMNIX Omega Ratio Rank: 92
TMNIX Calmar Ratio Rank: 77
TMNIX Martin Ratio Rank: 69

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.

RWMIX vs. TMNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Municipal Income Fund (RWMIX) and Counterpoint Tactical Municipal Fund (TMNIX). 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	TMNIX	Difference
Sharpe ratio Return per unit of total volatility	-0.25	1.71	-1.96
Sortino ratio Return per unit of downside risk	-0.25	2.55	-2.79
Omega ratio Gain probability vs. loss probability	0.92	1.44	-0.52
Calmar ratio Return relative to maximum drawdown	-0.18	1.82	-2.00
Martin ratio Return relative to average drawdown	-0.26	6.57	-6.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWMIX vs. TMNIX - Sharpe Ratio Comparison

The current RWMIX Sharpe Ratio is -0.25, which is lower than the TMNIX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RWMIX and TMNIX, 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

	RWMIX	TMNIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	1.71	-1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.79	-0.94
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	1.35	-0.98

Correlation

The correlation between RWMIX and TMNIX is 0.65, 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. TMNIX - Dividend Comparison

RWMIX's dividend yield for the trailing twelve months is around 3.58%, more than TMNIX's 3.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TMNIX Counterpoint Tactical Municipal Fund	3.07%	2.79%	3.31%	3.40%	0.36%	4.39%	2.36%	3.69%	1.10%	0.00%

Drawdowns

RWMIX vs. TMNIX - Drawdown Comparison

The maximum RWMIX drawdown since its inception was -12.90%, which is greater than TMNIX's maximum drawdown of -4.63%. Use the drawdown chart below to compare losses from any high point for RWMIX and TMNIX.

Drawdown Indicators

	RWMIX	TMNIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.90%	-4.63%	-8.27%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-2.21%	-3.35%
Max Drawdown (5Y) Largest decline over 5 years	-12.90%	-4.63%	-8.27%
Current Drawdown Current decline from peak	-7.10%	-2.18%	-4.92%
Average Drawdown Average peak-to-trough decline	-4.65%	-1.48%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	0.61%	+3.15%

Volatility

RWMIX vs. TMNIX - Volatility Comparison

Redwood Managed Municipal Income Fund (RWMIX) and Counterpoint Tactical Municipal Fund (TMNIX) have volatilities of 1.08% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWMIX	TMNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	1.10%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.56%	1.69%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	2.35%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.92%	3.00%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.54%	2.68%	+0.86%