- ISIN
- US04537J3005
- Issuer
- BlackRock
- Inception Date
- Mar 29, 2018
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RMTBX Performance Chart
Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) is up 0.1% since the beginning of the year. RMTBX is currently trading at $9 per share. Investors who bought $1,000 worth of RMTBX shares 5 years ago would now be looking at an investment worth $1,028.
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Returns By Period
Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) has returned 0.12% so far this year and 4.98% over the past 12 months.
Aspiriant Risk-Managed Taxable Bond Fund
- 1D
- 0.23%
- 1M
- 1.05%
- YTD
- 0.12%
- 6M
- 0.27%
- 1Y
- 4.98%
- 3Y*
- 4.10%
- 5Y*
- 0.55%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RMTBX Monthly Returns History
Based on dividend-adjusted daily data since Mar 29, 2018, RMTBX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.1%, while the worst month was Dec 2024 at -4.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RMTBX closed higher 43% of trading days. The best single day was Dec 30, 2021 with a return of +2.5%, while the worst single day was Mar 19, 2020 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.46% | 1.50% | -2.95% | 0.58% | 0.35% | 0.23% | 0.12% | ||||||
| 2025 | 0.96% | 2.02% | -1.17% | 0.24% | -0.35% | 1.66% | 0.00% | 1.17% | 1.10% | 0.81% | 0.69% | -0.07% | 7.25% |
| 2024 | 0.00% | -0.70% | 0.98% | -1.65% | 1.44% | 0.80% | 2.13% | 1.28% | 1.38% | -2.05% | 1.17% | -4.03% | 0.54% |
| 2023 | 3.23% | -1.97% | 1.42% | 0.94% | -0.70% | 0.23% | 0.83% | -0.47% | -2.18% | -1.22% | 4.08% | 3.55% | 7.76% |
| 2022 | -1.62% | -1.75% | -2.17% | -3.34% | 0.22% | -2.50% | 2.19% | -1.58% | -3.90% | -0.84% | 3.39% | -0.19% | -11.67% |
| 2021 | -0.39% | -1.07% | -0.88% | 0.89% | 0.39% | 0.52% | 0.79% | 0.00% | -0.54% | -0.20% | -0.20% | 0.13% | -0.57% |
Benchmark Metrics
Aspiriant Risk-Managed Taxable Bond Fund has an annualized alpha of 1.77%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 29, 2018.
- This fund participated in 23.55% of S&P 500 Index downside but only 14.76% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.77%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 14.76%
- Downside Capture
- 23.55%
Expense Ratio
RMTBX has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RMTBX ranks 22 for risk / return — below 22% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) and compare them to S&P 500 Index.
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.
| RMTBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.78 | -1.36 |
| Martin ratioReturn relative to average drawdown | 3.99 | 12.44 | -8.45 |
Dividends
Dividend History
Aspiriant Risk-Managed Taxable Bond Fund provided a 3.33% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.26 | $0.44 | $0.37 | $0.43 | $0.56 | $0.35 | $0.24 |
Dividend yield | 3.33% | 3.34% | 3.13% | 5.19% | 4.47% | 4.35% | 5.40% | 3.38% | 2.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Aspiriant Risk-Managed Taxable Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.29 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.24 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Aspiriant Risk-Managed Taxable Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Aspiriant Risk-Managed Taxable Bond Fund was 17.19%, occurring on Oct 20, 2022. Recovery took 749 trading sessions.
The current Aspiriant Risk-Managed Taxable Bond Fund drawdown is 1.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.19%Oct 2022 | 9mo 23d | 2y 12mo | 3y 9moDec 2021 - Oct 2025 |
COVID crash2020 | -7.42%Mar 2020 | 9d | 3mo 15d | 3mo 24dMar 2020 - Jul 2020 |
2026 pullback2026 | -3.52%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2021 pullback2021 | -2.51%Mar 2021 | 2mo 12d | 4mo 3d | 6mo 15dJan 2021 - Jul 2021 |
2021 pullback2021 | -1.71%Nov 2021 | 2mo 7d | 1mo 7d | 3mo 14dSep 2021 - Dec 2021 |
Drawdown Indicators
| RMTBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.19% | -56.78% | +39.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -9.10% | +5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -6.24% | -18.90% | +12.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -25.43% | +8.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.82% | -1.80% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -10.71% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.03% | -0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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