CRBN vs. RFDA

Last updated Jun 24, 2026

CRBN (iShares MSCI ACWI Low Carbon Target ETF) and RFDA (RiverFront Dynamic US Dividend Advantage ETF) are both Large Cap Growth Equities funds. CRBN is passively managed, while RFDA is actively managed. Over the past 10 years, CRBN returned 12.97%/yr vs 13.39%/yr for RFDA. Their correlation of 0.86 suggests significant overlap in exposure. CRBN charges 0.20%/yr vs 0.52%/yr for RFDA.

Performance

CRBN vs. RFDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI Low Carbon Target ETF (CRBN) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRBN achieves a 8.70% return, which is significantly lower than RFDA's 10.77% return. Both investments have delivered pretty close results over the past 10 years, with CRBN having a 12.97% annualized return and RFDA not far ahead at 13.39%.

CRBN

• 1D: -2.26%
• 1M: -0.57%
• YTD: 8.70%
• 6M: 8.00%
• 1Y: 23.95%
• 3Y*: 20.07%
• 5Y*: 10.57%
• 10Y*: 12.97%

RFDA

• 1D: 0.22%
• 1M: 0.36%
• YTD: 10.77%
• 6M: 9.90%
• 1Y: 26.59%
• 3Y*: 18.80%
• 5Y*: 12.89%
• 10Y*: 13.39%

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

CRBN vs. RFDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRBN iShares MSCI ACWI Low Carbon Target ETF	8.70%	21.85%	19.29%	22.31%	-19.12%	18.82%	16.83%	28.65%	-9.80%	23.49%
RFDA RiverFront Dynamic US Dividend Advantage ETF	10.77%	16.42%	20.12%	16.98%	-8.58%	25.94%	11.26%	27.15%	-9.27%	19.86%

Correlation

The correlation between CRBN and RFDA is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 7, 2016	0.86

The correlation between CRBN and RFDA has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

CRBN vs. RFDA - Sectors Allocation Comparison

Sectors	CRBN	RFDA
Technology	33.3%	21.1%
Financial Services	17.2%	14.4%
Industrials	9.4%	8.6%
Communication Services	9.3%	8.3%
Consumer Cyclical	8.0%	7.4%
Healthcare	7.9%	9.7%
Consumer Defensive	4.3%	7.0%
Basic Materials	3.1%	1.9%
Energy	3.0%	11.7%
Utilities	2.4%	4.8%
Real Estate	2.1%	4.9%

Return for Risk

CRBN vs. RFDA — Risk / Return Rank

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

CRBN

CRBN Risk / Return Rank: 55
CRBN Sharpe Ratio Rank: 55
CRBN Sortino Ratio Rank: 53
CRBN Omega Ratio Rank: 54
CRBN Calmar Ratio Rank: 51
CRBN Martin Ratio Rank: 61

RFDA

RFDA Risk / Return Rank: 81
RFDA Sharpe Ratio Rank: 78
RFDA Sortino Ratio Rank: 76
RFDA Omega Ratio Rank: 78
RFDA Calmar Ratio Rank: 89
RFDA Martin Ratio Rank: 87

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.

CRBN vs. RFDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). 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.

	CRBN	RFDA	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.28	-0.54
Sortino ratio: Return per unit of downside risk	2.41	3.14	-0.74
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.39	4.90	-2.52
Martin ratio: Return relative to average drawdown	10.28	17.52	-7.24

CRBN vs. RFDA - Sharpe Ratio Comparison

The current CRBN Sharpe Ratio is 1.75, which is comparable to the RFDA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of CRBN and RFDA, 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

CRBN vs. RFDA - Drawdown Comparison

The maximum CRBN drawdown since its inception was -33.13%, roughly equal to the maximum RFDA drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for CRBN and RFDA.

Drawdown Indicators

	CRBN	RFDA	Difference
Max Drawdown Largest peak-to-trough decline	-33.13%	-34.60%	+1.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-5.45%	-4.63%
Max Drawdown (3Y) Largest decline over 3 years	-16.60%	-19.35%	+2.75%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-19.35%	-7.69%
Max Drawdown (10Y) Largest decline over 10 years	-33.13%	-34.60%	+1.47%
Current Drawdown Current decline from peak	-2.81%	-1.67%	-1.14%
Average Drawdown Average peak-to-trough decline	-5.19%	-3.73%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.52%	+0.82%

Volatility

CRBN vs. RFDA - Volatility Comparison

iShares MSCI ACWI Low Carbon Target ETF (CRBN) has a higher volatility of 5.39% compared to RiverFront Dynamic US Dividend Advantage ETF (RFDA) at 3.29%. This indicates that CRBN's price experiences larger fluctuations and is considered to be riskier than RFDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRBN	RFDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	3.29%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	8.77%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	11.72%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	15.75%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	16.87%	+0.01%

CRBN vs. RFDA - Expense Ratio Comparison

CRBN has a 0.20% expense ratio, which is lower than RFDA's 0.52% expense ratio.

Dividends

CRBN vs. RFDA - Dividend Comparison

CRBN's dividend yield for the trailing twelve months is around 2.05%, more than RFDA's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRBN iShares MSCI ACWI Low Carbon Target ETF	2.05%	2.21%	1.94%	2.01%	1.95%	1.57%	1.41%	2.27%	2.51%	2.05%	2.27%	2.01%
RFDA RiverFront Dynamic US Dividend Advantage ETF	1.80%	1.89%	2.23%	2.68%	3.57%	1.44%	1.62%	1.87%	2.44%	1.90%	0.98%	0.00%

Frequently Asked Questions

Can I hold both CRBN and RFDA in my portfolio?

CRBN and RFDA have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRBN or RFDA?

CRBN has higher volatility (5.39%) compared to RFDA (3.29%). In terms of maximum drawdown, CRBN dropped -33.13% vs RFDA's -34.60%.

Which ETF is better, CRBN or RFDA?

On 10-year performance, RFDA leads with 13.39% vs 12.97% for CRBN. On fees, CRBN is cheaper at 0.20% per year. On volatility, RFDA has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRBN or RFDA?

Over the 10-year period, RFDA has performed better with a 13.39% return vs 12.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRBN or RFDA?

CRBN is cheaper with a 0.20% expense ratio, compared with 0.52% for RFDA.

Which ETF pays a higher dividend yield, CRBN or RFDA?

CRBN has the higher dividend yield at 2.05%, compared with 1.80% for RFDA.

What is the main difference between CRBN and RFDA?

They also come from different issuers: iShares and SS&C. Their fees differ too: 0.20% for CRBN and 0.52% for RFDA.

Which has better risk-adjusted returns?

RFDA currently has the higher Sharpe Ratio (2.28 vs 1.75), 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.