RWSIX vs. ASFYX

Last updated Jun 24, 2026

RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) and ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) are both Systematic Trend funds. Over the past 5 years, RWSIX returned 2.07%/yr vs 2.89%/yr for ASFYX. At a 0.24 correlation, their price movements are largely independent. RWSIX charges 1.30%/yr vs 1.47%/yr for ASFYX.

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.

Returns By Period

In the year-to-date period, RWSIX achieves a 7.58% return, which is significantly lower than ASFYX's 11.89% return.

RWSIX

• 1D: -0.41%
• 1M: -1.33%
• YTD: 7.58%
• 6M: 7.31%
• 1Y: 14.78%
• 3Y*: 2.78%
• 5Y*: 2.07%
• 10Y*: —

ASFYX

• 1D: 0.58%
• 1M: -2.48%
• YTD: 11.89%
• 6M: 11.07%
• 1Y: 23.67%
• 3Y*: -2.24%
• 5Y*: 2.89%
• 10Y*: 2.59%

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

RWSIX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	7.58%	-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	11.89%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	2.81%

Correlation

The correlation between RWSIX and ASFYX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.24

Over the past year, RWSIX and ASFYX have become more correlated (0.45) than their long-term average of 0.24, meaning their price movements have been converging.

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: 28
RWSIX Sharpe Ratio Rank: 28
RWSIX Sortino Ratio Rank: 26
RWSIX Omega Ratio Rank: 26
RWSIX Calmar Ratio Rank: 27
RWSIX Martin Ratio Rank: 31

ASFYX

ASFYX Risk / Return Rank: 64
ASFYX Sharpe Ratio Rank: 54
ASFYX Sortino Ratio Rank: 47
ASFYX Omega Ratio Rank: 50
ASFYX Calmar Ratio Rank: 91
ASFYX Martin Ratio Rank: 80

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.

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.

	RWSIX	ASFYX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.01	-0.62
Sortino ratio: Return per unit of downside risk	1.98	2.65	-0.67
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	1.83	4.45	-2.61
Martin ratio: Return relative to average drawdown	6.61	13.89	-7.28

RWSIX vs. ASFYX - Sharpe Ratio Comparison

The current RWSIX Sharpe Ratio is 1.38, which is lower than the ASFYX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of RWSIX and ASFYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-8.37%	-5.43%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-24.90%	-30.32%	+5.42%
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	-10.45%	-20.61%	+10.16%
Average Drawdown Average peak-to-trough decline	-6.83%	-13.20%	+6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.73%	+0.59%

Volatility

RWSIX vs. ASFYX - Volatility Comparison

Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) have volatilities of 3.73% and 3.71%, 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

	RWSIX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.71%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	9.87%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	12.05%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.25%	13.77%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	12.73%	-0.42%

RWSIX vs. ASFYX - Expense Ratio Comparison

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

Dividends

RWSIX vs. ASFYX - Dividend Comparison

RWSIX's dividend yield for the trailing twelve months is around 4.19%, more than ASFYX's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	1.36%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.19%	4.51%	0.00%	10.35%	3.41%	7.81%	7.78%	3.05%	2.51%	0.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RWSIX and ASFYX in my portfolio?

RWSIX and ASFYX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWSIX or ASFYX?

RWSIX has higher volatility (3.73%) compared to ASFYX (3.71%). In terms of maximum drawdown, RWSIX dropped -24.90% vs ASFYX's -36.43%.

Which has better risk-adjusted returns?

ASFYX currently has the higher Sharpe Ratio (2.00 vs 1.38), 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.