CGMU vs. RVNU
CGMU (Capital Group Municipal Income ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both Municipal Bonds funds. CGMU is actively managed, while RVNU is passively managed. Over the past 3 years, CGMU returned 4.67%/yr vs 3.44%/yr for RVNU. A 0.67 correlation means they provide meaningful diversification when combined. CGMU charges 0.27%/yr vs 0.15%/yr for RVNU.
Performance
CGMU vs. RVNU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGMU achieves a 1.58% return, which is significantly lower than RVNU's 3.90% return.
CGMU
- 1D
- 0.18%
- 1M
- 0.63%
- YTD
- 1.58%
- 6M
- 1.97%
- 1Y
- 6.75%
- 3Y*
- 4.67%
- 5Y*
- —
- 10Y*
- —
RVNU
- 1D
- 0.18%
- 1M
- 1.50%
- YTD
- 3.90%
- 6M
- 3.22%
- 1Y
- 9.36%
- 3Y*
- 3.44%
- 5Y*
- -0.19%
- 10Y*
- 1.93%
CGMU vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGMU Capital Group Municipal Income ETF | 1.58% | 5.19% | 2.64% | 6.76% | 4.53% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.90% | 0.58% | 1.46% | 11.19% | 7.24% |
Correlation
The correlation between CGMU and RVNU is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.67 |
Over the past year, the correlation between CGMU and RVNU has dropped to 0.46 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGMU vs. RVNU — Risk / Return Rank
CGMU
RVNU
CGMU vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) 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.
| CGMU | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.35 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.82 | -1.16 |
| Martin ratioReturn relative to average drawdown | 8.64 | 11.40 | -2.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CGMU | RVNU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | 1.84 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.67 | 0.39 | +1.28 |
Drawdowns
CGMU vs. RVNU - Drawdown Comparison
The maximum CGMU drawdown since its inception was -4.11%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for CGMU and RVNU.
Loading charts...
Drawdown Indicators
| CGMU | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -23.51% | +19.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -2.46% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -10.35% | +6.46% |
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 | -0.71% | -2.63% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -4.98% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.83% | -0.05% |
Volatility
CGMU vs. RVNU - Volatility Comparison
The current volatility for Capital Group Municipal Income ETF (CGMU) is 0.80%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 1.43%. This indicates that CGMU experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGMU | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 1.43% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 3.41% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 5.12% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 7.19% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 7.27% | -3.79% |
CGMU vs. RVNU - Expense Ratio Comparison
CGMU has a 0.27% expense ratio, which is higher than RVNU's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CGMU vs. RVNU - Dividend Comparison
CGMU's dividend yield for the trailing twelve months is around 3.33%, less than RVNU's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGMU Capital Group Municipal Income ETF | 3.33% | 3.32% | 3.21% | 3.08% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.51% | 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
CGMU and RVNU have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.43%) compared to CGMU (0.80%). In terms of maximum drawdown, CGMU dropped -4.11% vs RVNU's -23.51%.
On 3-year performance, CGMU leads with 4.67% vs 3.44% for RVNU. On fees, RVNU is cheaper at 0.15% per year. On volatility, CGMU has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGMU has performed better with a 4.67% return vs 3.44%. 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 0.27% for CGMU.
RVNU has the higher dividend yield at 3.51%, compared with 3.33% for CGMU.
They also come from different issuers: Capital Group and Deutsche Bank. Their fees differ too: 0.27% for CGMU and 0.15% for RVNU.
CGMU currently has the higher Sharpe Ratio (2.95 vs 1.84), 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.
Find the right allocation for CGMU and RVNU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer