AVMU vs. RTAI

Last updated Jun 21, 2026

AVMU (Avantis Core Municipal Fixed Income ETF) and RTAI (Rareview Tax Advantaged Income ETF) are both Municipal Bonds funds. Both are actively managed. Over the past 5 years, AVMU returned 0.97%/yr vs -0.76%/yr for RTAI. A 0.57 correlation means they provide meaningful diversification when combined. AVMU charges 0.15%/yr vs 3.78%/yr for RTAI.

Performance

AVMU vs. RTAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Core Municipal Fixed Income ETF (AVMU) and Rareview Tax Advantaged Income ETF (RTAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVMU achieves a 1.96% return, which is significantly lower than RTAI's 3.57% return.

AVMU

• 1D: 0.23%
• 1M: 1.50%
• YTD: 1.96%
• 6M: 2.24%
• 1Y: 8.20%
• 3Y*: 3.61%
• 5Y*: 0.97%
• 10Y*: —

RTAI

• 1D: 0.39%
• 1M: 3.08%
• YTD: 3.57%
• 6M: 3.82%
• 1Y: 11.51%
• 3Y*: 7.28%
• 5Y*: -0.76%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVMU vs. RTAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AVMU Avantis Core Municipal Fixed Income ETF	1.96%	3.87%	1.72%	5.18%	-7.33%	0.27%	0.29%
RTAI Rareview Tax Advantaged Income ETF	3.57%	5.54%	7.17%	4.33%	-22.55%	10.62%	0.56%

Correlation

The correlation between AVMU and RTAI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.57

The correlation between AVMU and RTAI has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

Return for Risk

AVMU vs. RTAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVMU

AVMU Risk / Return Rank: 74
AVMU Sharpe Ratio Rank: 84
AVMU Sortino Ratio Rank: 89
AVMU Omega Ratio Rank: 90
AVMU Calmar Ratio Rank: 52
AVMU Martin Ratio Rank: 56

RTAI

RTAI Risk / Return Rank: 51
RTAI Sharpe Ratio Rank: 52
RTAI Sortino Ratio Rank: 62
RTAI Omega Ratio Rank: 58
RTAI Calmar Ratio Rank: 38
RTAI Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVMU vs. RTAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Core Municipal Fixed Income ETF (AVMU) and Rareview Tax Advantaged Income ETF (RTAI). 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.

	AVMU	RTAI	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.70	+0.86
Sortino ratio: Return per unit of downside risk	3.90	2.76	+1.14
Omega ratio: Gain probability vs. loss probability	1.54	1.34	+0.20
Calmar ratio: Return relative to maximum drawdown	2.49	1.85	+0.65
Martin ratio: Return relative to average drawdown	9.36	7.49	+1.87

AVMU vs. RTAI - Sharpe Ratio Comparison

The current AVMU Sharpe Ratio is 2.56, which is higher than the RTAI Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of AVMU and RTAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVMU vs. RTAI - Drawdown Comparison

The maximum AVMU drawdown since its inception was -12.41%, smaller than the maximum RTAI drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for AVMU and RTAI.

Drawdown Indicators

	AVMU	RTAI	Difference
Max Drawdown Largest peak-to-trough decline	-12.41%	-34.32%	+21.91%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-6.18%	+2.86%
Max Drawdown (3Y) Largest decline over 3 years	-6.38%	-15.71%	+9.33%
Max Drawdown (5Y) Largest decline over 5 years	-12.41%	-34.32%	+21.91%
Current Drawdown Current decline from peak	-0.29%	-6.63%	+6.34%
Average Drawdown Average peak-to-trough decline	-3.74%	-13.77%	+10.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	1.52%	-0.64%

Volatility

AVMU vs. RTAI - Volatility Comparison

The current volatility for Avantis Core Municipal Fixed Income ETF (AVMU) is 0.86%, while Rareview Tax Advantaged Income ETF (RTAI) has a volatility of 2.14%. This indicates that AVMU experiences smaller price fluctuations and is considered to be less risky than RTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMU	RTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	2.14%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	5.47%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.25%	6.72%	-3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.13%	9.35%	-5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.98%	9.04%	-5.06%

AVMU vs. RTAI - Expense Ratio Comparison

AVMU has a 0.15% expense ratio, which is lower than RTAI's 3.78% expense ratio.

Dividends

AVMU vs. RTAI - Dividend Comparison

AVMU's dividend yield for the trailing twelve months is around 3.48%, less than RTAI's 5.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVMU Avantis Core Municipal Fixed Income ETF	3.48%	3.50%	3.32%	2.50%	1.29%	0.77%	0.00%
RTAI Rareview Tax Advantaged Income ETF	5.00%	5.66%	5.02%	3.07%	3.71%	4.73%	0.48%

Frequently Asked Questions

Can I hold both AVMU and RTAI in my portfolio?

AVMU and RTAI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMU or RTAI?

RTAI has higher volatility (2.14%) compared to AVMU (0.86%). In terms of maximum drawdown, AVMU dropped -12.41% vs RTAI's -34.32%.

Which ETF is better, AVMU or RTAI?

On 5-year performance, AVMU leads with 0.97% vs -0.76% for RTAI. On fees, AVMU is cheaper at 0.15% per year. On volatility, AVMU has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMU or RTAI?

Over the 5-year period, AVMU has performed better with a 0.97% return vs -0.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMU or RTAI?

AVMU is cheaper with a 0.15% expense ratio, compared with 3.78% for RTAI.

Which ETF pays a higher dividend yield, AVMU or RTAI?

RTAI has the higher dividend yield at 5.00%, compared with 3.48% for AVMU.

What is the main difference between AVMU and RTAI?

They also come from different issuers: Avantis and Rareview Funds. Their fees differ too: 0.15% for AVMU and 3.78% for RTAI.

Which has better risk-adjusted returns?

AVMU currently has the higher Sharpe Ratio (2.56 vs 1.70), 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.