AMUB vs. RVNU
AMUB (ETRACS Alerian MLP Index ETN Class B) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both exchange-traded funds - AMUB is a MLPs 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 10 years, AMUB returned 2.79%/yr vs 1.77%/yr for RVNU. At a correlation of -0.02, they often move in opposite directions. AMUB charges 0.80%/yr vs 0.15%/yr for RVNU.
Performance
AMUB vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 14.01% return, which is significantly higher than RVNU's 4.08% return. Over the past 10 years, AMUB has outperformed RVNU with an annualized return of 2.79%, while RVNU has yielded a comparatively lower 1.77% annualized return.
AMUB
- 1D
- 1.92%
- 1M
- -7.94%
- YTD
- 14.01%
- 6M
- 13.63%
- 1Y
- 13.10%
- 3Y*
- 15.44%
- 5Y*
- 11.55%
- 10Y*
- 2.79%
RVNU
- 1D
- -0.11%
- 1M
- 1.92%
- YTD
- 4.08%
- 6M
- 4.15%
- 1Y
- 8.86%
- 3Y*
- 3.26%
- 5Y*
- -0.19%
- 10Y*
- 1.77%
AMUB vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 14.01% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -36.47% | -1.78% | -19.25% | -13.07% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.08% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | -0.56% | 8.24% |
Correlation
The correlation between AMUB and RVNU is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | -0.02 |
The correlation between AMUB and RVNU shifts across timeframes, from -0.19 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. RVNU — Risk / Return Rank
AMUB
RVNU
AMUB vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) 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.
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.
| AMUB | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.61 | -2.38 |
| Martin ratioReturn relative to average drawdown | 3.36 | 10.81 | -7.45 |
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Drawdowns
AMUB vs. RVNU - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than RVNU's maximum drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for AMUB and RVNU.
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Drawdown Indicators
| AMUB | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -23.51% | -55.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -2.46% | -8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -10.35% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -23.51% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | -23.51% | -55.35% |
Current DrawdownCurrent decline from peak | -8.53% | -2.46% | -6.07% |
Average DrawdownAverage peak-to-trough decline | -29.11% | -4.97% | -24.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 0.82% | +3.10% |
Volatility
AMUB vs. RVNU - Volatility Comparison
ETRACS Alerian MLP Index ETN Class B (AMUB) has a higher volatility of 5.28% compared to Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) at 1.18%. This indicates that AMUB'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
| AMUB | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 1.18% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 3.45% | +6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 4.99% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 7.19% | +12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.13% | 7.26% | +19.87% |
AMUB vs. RVNU - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Dividends
AMUB vs. RVNU - Dividend Comparison
AMUB has not paid dividends to shareholders, while RVNU's dividend yield for the trailing twelve months is around 3.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 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 | 3.50% | 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
AMUB and RVNU have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMUB has higher volatility (5.28%) compared to RVNU (1.18%). In terms of maximum drawdown, AMUB dropped -79.46% vs RVNU's -23.51%.
On 10-year performance, AMUB leads with 2.79% vs 1.77% for RVNU. On fees, RVNU is cheaper at 0.15% per year. On volatility, RVNU has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AMUB has performed better with a 2.79% return vs 1.77%. 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 0.80% for AMUB.
RVNU has the higher dividend yield at 3.50%, compared with 0.00% for AMUB.
AMUB is categorized as MLPs, while RVNU is Municipal Bonds. AMUB tracks Alerian MLP Index, while RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index. They also come from different issuers: UBS and Deutsche Bank. Their fees differ too: 0.80% for AMUB and 0.15% for RVNU.
RVNU currently has the higher Sharpe Ratio (1.79 vs 0.96), 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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