Rareview Tax Advantaged Income ETF (RTAI)
RTAI is an actively managed ETF by Rareview Funds. RTAI launched on Oct 20, 2020 and has a 3.78% expense ratio.
ETF Info
| Issuer | Rareview Funds |
|---|---|
| Inception Date | Oct 20, 2020 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
RTAI has a high expense ratio of 3.78%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RTAI vs. QVMS, RTAI vs. KHYB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rareview Tax Advantaged Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Rareview Tax Advantaged Income ETF had a return of 9.76% year-to-date (YTD) and 23.01% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.76% | 25.70% |
| 1 month | -1.92% | 3.51% |
| 6 months | 8.65% | 14.80% |
| 1 year | 23.01% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of RTAI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.27% | 1.01% | 1.49% | -3.95% | 2.60% | 4.78% | 1.55% | 2.08% | 2.68% | -2.64% | 9.76% | ||
| 2023 | 4.44% | -5.87% | 4.20% | -1.18% | -3.05% | 2.32% | 1.58% | -4.91% | -7.42% | -2.29% | 13.34% | 4.90% | 4.32% |
| 2022 | -7.17% | -1.58% | -6.01% | -5.62% | 2.64% | -2.18% | 4.64% | -4.78% | -10.21% | -3.54% | 12.57% | -2.04% | -22.55% |
| 2021 | 0.77% | 0.91% | 2.42% | 1.29% | 1.69% | 2.12% | 1.48% | 0.32% | -2.17% | -0.74% | 1.13% | 1.00% | 10.63% |
| 2020 | -0.48% | 3.71% | 1.82% | 5.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RTAI is 66, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rareview Tax Advantaged Income ETF provided a 4.65% dividend yield over the last twelve months, with an annual payout of $1.02 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $1.02 | $0.64 | $0.77 | $1.31 | $0.12 |
Dividend yield | 4.65% | 3.06% | 3.71% | 4.73% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Rareview Tax Advantaged Income ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.06 | $0.06 | $0.08 | $0.07 | $0.08 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.96 | |
| 2023 | $0.06 | $0.05 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.06 | $0.64 |
| 2022 | $0.05 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.77 |
| 2021 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.64 | $1.31 |
| 2020 | $0.12 | $0.12 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Rareview Tax Advantaged Income ETF. 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 Rareview Tax Advantaged Income ETF was 34.32%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
The current Rareview Tax Advantaged Income ETF drawdown is 12.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.32% | Sep 16, 2021 | 531 | Oct 25, 2023 | — | — | — |
| -3.55% | Feb 11, 2021 | 10 | Feb 25, 2021 | 8 | Mar 9, 2021 | 18 |
| -2.12% | Dec 11, 2020 | 5 | Dec 17, 2020 | 9 | Dec 31, 2020 | 14 |
| -1.38% | Jul 14, 2021 | 4 | Jul 19, 2021 | 10 | Aug 2, 2021 | 14 |
| -1.17% | May 10, 2021 | 3 | May 12, 2021 | 11 | May 27, 2021 | 14 |
Volatility
Volatility Chart
The current Rareview Tax Advantaged Income ETF volatility is 2.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.