RWSIX vs. ASFYX

Last updated Apr 1, 2026

Compare and contrast key facts about Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).

RWSIX is managed by Redwood. It was launched on Nov 1, 2017. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.

Performance

RWSIX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). The values are adjusted to include any dividend payments, if applicable.

RWSIX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	-6.27%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	6.59%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	2.41%

Returns By Period

In the year-to-date period, RWSIX achieves a -1.83% return, which is significantly lower than ASFYX's 6.59% return.

RWSIX

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

ASFYX

• 1D: 0.00%
• 1M: -1.55%
• YTD: 6.59%
• 6M: 10.95%
• 1Y: 3.41%
• 3Y*: -2.89%
• 5Y*: 2.30%
• 10Y*: 1.87%

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

RWSIX vs. ASFYX - Expense Ratio Comparison

RWSIX has a 1.30% expense ratio, which is lower than ASFYX's 1.47% expense ratio.

ASFYX

AlphaSimplex Managed Futures Strategy Fund Class Y

RWSIX

Redwood Systematic Macro Trend ("SMarT") Fund

Return for Risk

RWSIX vs. ASFYX — Risk / Return Rank

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

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

ASFYX

ASFYX Risk / Return Rank: 8
ASFYX Sharpe Ratio Rank: 9
ASFYX Sortino Ratio Rank: 8
ASFYX Omega Ratio Rank: 8
ASFYX Calmar Ratio Rank: 8
ASFYX Martin Ratio Rank: 7

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.

RWSIX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.

	RWSIX	ASFYX	Difference
Sharpe ratio Return per unit of total volatility	-0.08	0.18	-0.26
Sortino ratio Return per unit of downside risk	-0.03	0.30	-0.33
Omega ratio Gain probability vs. loss probability	1.00	1.04	-0.05
Calmar ratio Return relative to maximum drawdown	-0.22	0.10	-0.32
Martin ratio Return relative to average drawdown	-0.48	0.16	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWSIX vs. ASFYX - Sharpe Ratio Comparison

The current RWSIX Sharpe Ratio is -0.08, which is lower than the ASFYX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of RWSIX and ASFYX, 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

	RWSIX	ASFYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.18	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.17	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.31	+0.04

Correlation

The correlation between RWSIX and ASFYX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RWSIX vs. ASFYX - Dividend Comparison

RWSIX's dividend yield for the trailing twelve months is around 4.59%, more than ASFYX's 1.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	1.43%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%

Drawdowns

RWSIX vs. ASFYX - Drawdown Comparison

The maximum RWSIX drawdown since its inception was -24.90%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for RWSIX and ASFYX.

Drawdown Indicators

	RWSIX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-36.43%	+11.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-13.51%	+3.83%
Max Drawdown (5Y) Largest decline over 5 years	-24.90%	-36.43%	+11.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.43%	—
Current Drawdown Current decline from peak	-18.29%	-24.37%	+6.08%
Average Drawdown Average peak-to-trough decline	-6.72%	-13.09%	+6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	8.72%	-4.28%

Volatility

RWSIX vs. ASFYX - Volatility Comparison

Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a higher volatility of 4.46% compared to AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) at 3.86%. This indicates that RWSIX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWSIX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	3.86%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	10.01%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	13.02%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.09%	13.68%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.26%	12.68%	-0.42%