RWSIX vs. RWDIX

Last updated Jun 23, 2026

RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) and RWDIX (Redwood Managed Volatility Fund) are both mutual funds - RWSIX is a Systematic Trend fund managed by Redwood, while RWDIX is a Nontraditional Bonds fund managed by Redwood. Over the past 5 years, RWSIX returned 2.43%/yr vs 0.24%/yr for RWDIX. A 0.55 correlation means they provide meaningful diversification when combined. RWSIX charges 1.30%/yr vs 1.56%/yr for RWDIX.

Performance

RWSIX vs. RWDIX - Performance Comparison

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

Returns By Period

In the year-to-date period, RWSIX achieves a 8.02% return, which is significantly higher than RWDIX's 1.41% return.

RWSIX

• 1D: 0.29%
• 1M: -0.93%
• YTD: 8.02%
• 6M: 8.09%
• 1Y: 15.77%
• 3Y*: 2.17%
• 5Y*: 2.43%
• 10Y*: —

RWDIX

• 1D: 0.09%
• 1M: 0.45%
• YTD: 1.41%
• 6M: 1.68%
• 1Y: 5.59%
• 3Y*: 4.76%
• 5Y*: 0.24%
• 10Y*: 1.80%

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

RWSIX vs. RWDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	8.02%	-2.43%	-0.64%	8.92%	-6.10%	18.37%	22.40%	11.18%	-3.55%	-6.27%
RWDIX Redwood Managed Volatility Fund	1.41%	4.75%	6.63%	1.04%	-11.18%	0.52%	-1.93%	9.04%	-2.60%	0.26%

Correlation

The correlation between RWSIX and RWDIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.55

The correlation between RWSIX and RWDIX shifts across timeframes, from 0.55 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RWSIX vs. RWDIX — 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: 27
RWSIX Sortino Ratio Rank: 27
RWSIX Omega Ratio Rank: 26
RWSIX Calmar Ratio Rank: 28
RWSIX Martin Ratio Rank: 31

RWDIX

RWDIX Risk / Return Rank: 82
RWDIX Sharpe Ratio Rank: 87
RWDIX Sortino Ratio Rank: 89
RWDIX Omega Ratio Rank: 88
RWDIX Calmar Ratio Rank: 65
RWDIX 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. RWDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) and Redwood Managed Volatility Fund (RWDIX). 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	RWDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.61	-1.22
Sortino ratio: Return per unit of downside risk	2.00	4.02	-2.03
Omega ratio: Gain probability vs. loss probability	1.25	1.58	-0.33
Calmar ratio: Return relative to maximum drawdown	1.85	2.94	-1.10
Martin ratio: Return relative to average drawdown	6.67	13.87	-7.20

RWSIX vs. RWDIX - Sharpe Ratio Comparison

The current RWSIX Sharpe Ratio is 1.39, which is lower than the RWDIX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of RWSIX and RWDIX, 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. RWDIX - Drawdown Comparison

The maximum RWSIX drawdown since its inception was -24.90%, which is greater than RWDIX's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for RWSIX and RWDIX.

Drawdown Indicators

	RWSIX	RWDIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-16.69%	-8.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-1.95%	-6.42%
Max Drawdown (3Y) Largest decline over 3 years	-24.90%	-4.96%	-19.94%
Max Drawdown (5Y) Largest decline over 5 years	-24.90%	-16.10%	-8.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.69%	—
Current Drawdown Current decline from peak	-10.09%	-0.37%	-9.72%
Average Drawdown Average peak-to-trough decline	-6.82%	-4.41%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	0.41%	+1.90%

Volatility

RWSIX vs. RWDIX - Volatility Comparison

Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a higher volatility of 3.86% compared to Redwood Managed Volatility Fund (RWDIX) at 0.67%. This indicates that RWSIX's price experiences larger fluctuations and is considered to be riskier than RWDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWSIX	RWDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	0.67%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	1.77%	+7.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	2.20%	+8.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.26%	4.70%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	4.29%	+8.02%

RWSIX vs. RWDIX - Expense Ratio Comparison

RWSIX has a 1.30% expense ratio, which is lower than RWDIX's 1.56% expense ratio.

Dividends

RWSIX vs. RWDIX - Dividend Comparison

RWSIX's dividend yield for the trailing twelve months is around 4.17%, less than RWDIX's 4.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RWDIX Redwood Managed Volatility Fund	4.96%	4.90%	5.82%	7.60%	0.47%	6.36%	5.42%	3.59%	2.59%	5.52%	5.14%	1.17%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.17%	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 RWDIX in my portfolio?

RWSIX and RWDIX have a correlation of 0.70, 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 RWDIX?

RWSIX has higher volatility (3.86%) compared to RWDIX (0.67%). In terms of maximum drawdown, RWSIX dropped -24.90% vs RWDIX's -16.69%.

Which has better risk-adjusted returns?

RWDIX currently has the higher Sharpe Ratio (2.61 vs 1.39), 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.