RJ Eagle Municipal Income ETF (RJMI) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RJMI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RJMI
RJMI charges 0.41% annually. There are 126 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | RJMI vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | RJMI vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | RJMI vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | RJMI vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | RJMI vs TAXS |
Best Risk-Adjusted Alternatives to RJMI
Among 107 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | RJMI vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | RJMI vs FUMB | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | RJMI vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | RJMI vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | RJMI vs GUMI |
Top Performing RJMI Alternatives (YTD)
RJMI is at 1.89% YTD. There are 49 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.19% | 142.76M | Jun 2013 | RJMI vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.96% | 19.03M | Sep 2016 | RJMI vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.82% | 25.43M | Nov 2025 | RJMI vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.75% | 30.60M | Sep 2019 | RJMI vs OVM | |
| NYLI MacKay Muni Allocation ETF | 3.54% | 27.55M | Dec 2025 | RJMI vs MMMA |
Lowest Volatility Alternatives to RJMI
RJMI has 3.05% 1-year volatility. There are 93 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 30.59M | Sep 2025 | RJMI vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | RJMI vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | RJMI vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.75% | 30.06M | Jul 2025 | RJMI vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.77% | 246.08M | Nov 2018 | RJMI vs FUMB |
Lowest Drawdown Alternatives to RJMI
Among 107 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | RJMI vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | RJMI vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | RJMI vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | RJMI vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | RJMI vs IBMO |
Other ETFs from Carillon Tower Advisers
The 2 most viewed Carillon Tower Advisers ETFs shown here include RJVI, RJDI and span 2 categories. AUM among these funds goes as high as $80M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RJ Eagle Vertical Income ETF | Multisector Bonds | — | 1.83% | 13.69M | Oct 2025 | RJMI vs RJVI | |
| RJ Eagle GCM Dividend Select Income ETF | Dividend | — | 15.13% | 79.52M | Oct 2025 | RJMI vs RJDI |
Often Compared With RJMI
Investors most often compare RJMI with HYMB, ZTAX, RTAI. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | Municipal Bonds | 55 | 3.44% | 2.99B | Apr 2011 | RJMI vs HYMB | |
| X-Square Municipal Income Tax Free ETF | Municipal Bonds | 16 | 3.16% | 4.54M | May 2023 | RJMI vs ZTAX | |
| Rareview Tax Advantaged Income ETF | Municipal Bonds | 51 | 3.54% | 18.13M | Oct 2020 | RJMI vs RTAI | |
| Northern Trust Tax-Exempt Bond ETF | Municipal Bonds | — | 1.58% | 60.89M | Aug 2025 | RJMI vs TAXT | |
| PIMCO Short Term Municipal Bond Active ETF | Municipal Bonds | 92 | 1.23% | 1.11B | Feb 2010 | RJMI vs SMMU | |
| Invesco New York AMT-Free Municipal Bond ETF | Municipal Bonds | 56 | 2.96% | 137.69M | Oct 2007 | RJMI vs PZT |
Compare RJMI with Any Fund or Stock
Compare RJMI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RJMI with funds that move differently
RJ Eagle Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RJMI.
Explore RJMI Diversifiers