AMJB vs. RVNU
AMJB (Alerian MLP Index ETN) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both exchange-traded funds - AMJB is a Energy Equities fund tracking the Alerian MLP Index, while RVNU is a Municipal Bonds fund tracking the Solactive Municipal Infrastructure Revenue Bond Index. Both are passively managed. Over the past year, AMJB returned 15.68% vs 9.62% for RVNU. At a correlation of -0.06, they often move in opposite directions. AMJB charges 0.85%/yr vs 0.15%/yr for RVNU.
Performance
AMJB vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, AMJB achieves a 17.69% return, which is significantly higher than RVNU's 3.71% return.
AMJB
- 1D
- 1.62%
- 1M
- -1.98%
- YTD
- 17.69%
- 6M
- 15.52%
- 1Y
- 15.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNU
- 1D
- -0.04%
- 1M
- 1.38%
- YTD
- 3.71%
- 6M
- 3.08%
- 1Y
- 9.62%
- 3Y*
- 3.65%
- 5Y*
- -0.23%
- 10Y*
- 1.90%
AMJB vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMJB Alerian MLP Index ETN | 17.69% | 1.36% | 10.85% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.71% | 0.58% | 2.58% |
Correlation
The correlation between AMJB and RVNU is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024 | -0.06 |
The correlation between AMJB and RVNU shifts across timeframes, from -0.23 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMJB vs. RVNU — Risk / Return Rank
AMJB
RVNU
AMJB vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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.
| AMJB | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.92 | -2.33 |
| Martin ratioReturn relative to average drawdown | 4.73 | 11.69 | -6.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMJB | RVNU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.89 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.39 | +0.31 |
Drawdowns
AMJB vs. RVNU - Drawdown Comparison
The maximum AMJB drawdown since its inception was -17.70%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for AMJB and RVNU.
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Drawdown Indicators
| AMJB | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -23.51% | +5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -2.46% | -7.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.51% | — |
Current DrawdownCurrent decline from peak | -6.06% | -2.80% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -4.98% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 0.83% | +2.51% |
Volatility
AMJB vs. RVNU - Volatility Comparison
Alerian MLP Index ETN (AMJB) has a higher volatility of 5.66% compared to Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) at 1.42%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMJB | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 1.42% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 3.41% | +8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 5.12% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 7.19% | +11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 7.27% | +10.92% |
AMJB vs. RVNU - Expense Ratio Comparison
AMJB has a 0.85% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Dividends
AMJB vs. RVNU - Dividend Comparison
AMJB has not paid dividends to shareholders, while RVNU's dividend yield for the trailing twelve months is around 3.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJB Alerian MLP Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.52% | 3.46% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% |
Frequently Asked Questions
AMJB and RVNU have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMJB has higher volatility (5.66%) compared to RVNU (1.42%). In terms of maximum drawdown, AMJB dropped -17.70% vs RVNU's -23.51%.
On 1-year performance, AMJB leads with 15.68% vs 9.62% for RVNU. On fees, RVNU is cheaper at 0.15% per year. On volatility, RVNU has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMJB has performed better with a 15.68% return vs 9.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RVNU is cheaper with a 0.15% expense ratio, compared with 0.85% for AMJB.
RVNU has the higher dividend yield at 3.52%, compared with 0.00% for AMJB.
AMJB is categorized as Energy Equities, while RVNU is Municipal Bonds. AMJB tracks Alerian MLP Index, while RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index. They also come from different issuers: JPMorgan and Deutsche Bank. Their fees differ too: 0.85% for AMJB and 0.15% for RVNU.
RVNU currently has the higher Sharpe Ratio (1.89 vs 1.03), 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.
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