RWSIX vs. CREMX

Last updated Jun 4, 2026

RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) and CREMX (Redwood Real Estate Income Fund) are both mutual funds - RWSIX is a Systematic Trend fund managed by Redwood, while CREMX is a REIT fund actively managed by Redwood. Over the past year, RWSIX returned 17.30% vs 7.56% for CREMX. At a 0.01 correlation, their price movements are largely independent. RWSIX charges 1.30%/yr vs 5.16%/yr for CREMX.

Performance

RWSIX vs. CREMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and Redwood Real Estate Income Fund (CREMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWSIX achieves a 9.73% return, which is significantly higher than CREMX's 3.06% return.

RWSIX

• 1D: 0.12%
• 1M: 3.21%
• YTD: 9.73%
• 6M: 10.72%
• 1Y: 17.30%
• 3Y*: 3.69%
• 5Y*: 2.42%
• 10Y*: —

CREMX

• 1D: 0.04%
• 1M: 0.56%
• YTD: 3.06%
• 6M: 3.67%
• 1Y: 7.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RWSIX vs. CREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	9.73%	-2.43%	-0.64%	2.46%
CREMX Redwood Real Estate Income Fund	3.06%	7.72%	8.09%	1.95%

Correlation

The correlation between RWSIX and CREMX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.01

Return for Risk

RWSIX vs. CREMX — Risk / Return Rank

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

RWSIX

RWSIX Risk / Return Rank: 32
RWSIX Sharpe Ratio Rank: 32
RWSIX Sortino Ratio Rank: 32
RWSIX Omega Ratio Rank: 31
RWSIX Calmar Ratio Rank: 31
RWSIX Martin Ratio Rank: 34

CREMX

CREMX Risk / Return Rank: 100
CREMX Sharpe Ratio Rank: 100
CREMX Sortino Ratio Rank: 100
CREMX Omega Ratio Rank: 100
CREMX Calmar Ratio Rank: 100
CREMX Martin Ratio Rank: 100

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. CREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and Redwood Real Estate Income Fund (CREMX). 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	CREMX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	17.83	-16.20
Sortino ratio: Return per unit of downside risk	2.33	184.50	-182.17
Omega ratio: Gain probability vs. loss probability	1.29	184.40	-183.11
Calmar ratio: Return relative to maximum drawdown	2.08	192.57	-190.49
Martin ratio: Return relative to average drawdown	7.63	3,038.69	-3,031.06
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. CREMX - Sharpe Ratio Comparison

The current RWSIX Sharpe Ratio is 1.63, which is lower than the CREMX Sharpe Ratio of 17.83. The chart below compares the historical Sharpe Ratios of RWSIX and CREMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RWSIX	CREMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	17.83	-16.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	8.97	-8.52

Drawdowns

RWSIX vs. CREMX - Drawdown Comparison

The maximum RWSIX drawdown since its inception was -24.90%, which is greater than CREMX's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for RWSIX and CREMX.

Drawdown Indicators

	RWSIX	CREMX	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-0.71%	-24.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-0.04%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	-24.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.90%	—	—
Current Drawdown Current decline from peak	-8.67%	0.00%	-8.67%
Average Drawdown Average peak-to-trough decline	-6.81%	-0.02%	-6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	0.00%	+2.28%

Volatility

RWSIX vs. CREMX - Volatility Comparison

Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a higher volatility of 3.29% compared to Redwood Real Estate Income Fund (CREMX) at 0.13%. This indicates that RWSIX's price experiences larger fluctuations and is considered to be riskier than CREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWSIX	CREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	0.13%	+3.16%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	0.30%	+8.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	0.43%	+10.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.19%	0.86%	+11.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	0.86%	+11.43%

RWSIX vs. CREMX - Expense Ratio Comparison

RWSIX has a 1.30% expense ratio, which is lower than CREMX's 5.16% expense ratio.

Dividends

RWSIX vs. CREMX - Dividend Comparison

RWSIX's dividend yield for the trailing twelve months is around 4.11%, less than CREMX's 7.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CREMX Redwood Real Estate Income Fund	7.14%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.11%	4.51%	0.00%	10.35%	3.41%	7.81%	7.78%	3.05%	2.51%	0.63%

Frequently Asked Questions

Can I hold both RWSIX and CREMX in my portfolio?

RWSIX and CREMX have a correlation of -0.02, 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 CREMX?

RWSIX has higher volatility (3.29%) compared to CREMX (0.13%). In terms of maximum drawdown, RWSIX dropped -24.90% vs CREMX's -0.71%.

Which has better risk-adjusted returns?

CREMX currently has the higher Sharpe Ratio (17.83 vs 1.63), 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.