EVX vs. RBLD

Last updated Aug 4, 2026

EVX (VanEck Vectors Environmental Services ETF) and RBLD (First Trust Alerian U.S. NextGen Infrastructure ETF) are both exchange-traded funds - EVX is a Industrials Equities fund tracking the NYSE Arca Environmental Services Index, while RBLD is a Infrastructure Equities fund tracking the Alerian US NextGen Infrastructure Index - Benchmark TR Net. Both are passively managed. Over the past 10 years, EVX returned 11.96%/yr vs 8.31%/yr for RBLD. Their 0.63 correlation means they have sometimes moved together and sometimes differently. EVX charges 0.55%/yr vs 0.65%/yr for RBLD.

Performance

EVX vs. RBLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Environmental Services ETF (EVX) and First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVX achieves a 7.03% return, which is significantly lower than RBLD's 18.14% return. Over the past 10 years, EVX has outperformed RBLD with an annualized return of 11.96%, while RBLD has yielded a comparatively lower 8.31% annualized return.

EVX

• 1D: 1.11%
• 1M: -0.84%
• 6M: 0.37%
• YTD: 7.03%
• 1Y: 7.55%
• 3Y*: 9.41%
• 5Y*: 7.57%
• 10Y*: 11.96%
• ALL TIME*: 9.30%

RBLD

• 1D: 1.14%
• 1M: -0.80%
• 6M: 11.43%
• YTD: 18.14%
• 1Y: 21.43%
• 3Y*: 19.48%
• 5Y*: 11.83%
• 10Y*: 8.31%
• ALL TIME*: 8.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVX VanEck Vectors Environmental Services ETF	$224.72K	$207.86K	$298.95K
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF	$126.51K	$179.17K	$568.85K

EVX vs. RBLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVX VanEck Vectors Environmental Services ETF	7.03%	11.72%	12.99%	12.97%	-10.58%	27.47%	13.28%	28.41%	-3.82%	16.05%
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF	18.14%	13.99%	17.94%	19.36%	-9.87%	12.98%	0.51%	12.81%	-21.72%	22.95%

Correlation

The correlation between EVX and RBLD is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.67
Correlation (All Time) Calculated using the full available price history since Oct 17, 2008	0.63

The correlation between EVX and RBLD shifts across timeframes, from 0.63 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.

EVX vs. RBLD - Sectors Allocation Comparison

Sectors	EVX	RBLD
Industrials	86.5%	42.4%
Basic Materials	8.2%	6.1%
Consumer Defensive	3.9%	-
Utilities	1.4%	27.9%
Communication Services	-	1.0%
Consumer Cyclical	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	4.3%
Technology	-	10.9%
Energy	-0.0%	8.3%

Return for Risk

EVX vs. RBLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVX

EVX Risk / Return Rank: 23
EVX Sharpe Ratio Rank: 24
EVX Sortino Ratio Rank: 23
EVX Omega Ratio Rank: 22
EVX Calmar Ratio Rank: 23
EVX Martin Ratio Rank: 22

RBLD

RBLD Risk / Return Rank: 65
RBLD Sharpe Ratio Rank: 60
RBLD Sortino Ratio Rank: 57
RBLD Omega Ratio Rank: 55
RBLD Calmar Ratio Rank: 79
RBLD Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVX vs. RBLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) and First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD). 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.

	EVX	RBLD	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.52	-0.97
Sortino ratio: Return per unit of downside risk	0.85	2.09	-1.23
Omega ratio: Gain probability vs. loss probability	1.10	1.26	-0.16
Calmar ratio: Return relative to maximum drawdown	0.70	2.99	-2.29
Martin ratio: Return relative to average drawdown	1.54	9.84	-8.30

EVX vs. RBLD - Sharpe Ratio Comparison

The current EVX Sharpe Ratio is 0.54, which is lower than the RBLD Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of EVX and RBLD, 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

EVX vs. RBLD - Drawdown Comparison

The maximum EVX drawdown since its inception was -55.91%, which is greater than RBLD's maximum drawdown of -50.07%. Use the drawdown chart below to compare losses from any high point for EVX and RBLD.

Drawdown Indicators

	EVX	RBLD	Difference
Max Drawdown Largest peak-to-trough decline	-55.91%	-50.07%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-7.19%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-19.14%	+1.78%
Max Drawdown (5Y) Largest decline over 5 years	-21.45%	-22.54%	+1.09%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-50.07%	+9.06%
Current Drawdown Current decline from peak	-3.31%	-3.03%	-0.28%
Average Drawdown Average peak-to-trough decline	-8.72%	-10.76%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.18%	+2.73%

Volatility

EVX vs. RBLD - Volatility Comparison

The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 3.57%, while First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) has a volatility of 3.85%. This indicates that EVX experiences smaller price fluctuations and is considered to be less risky than RBLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVX	RBLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.85%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	11.02%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	14.20%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	16.79%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	18.51%	+1.73%

EVX vs. RBLD - Expense Ratio Comparison

EVX has a 0.55% expense ratio, which is lower than RBLD's 0.65% expense ratio.

Dividends

EVX vs. RBLD - Dividend Comparison

EVX's dividend yield for the trailing twelve months is around 0.17%, less than RBLD's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVX VanEck Vectors Environmental Services ETF	0.17%	0.19%	0.46%	0.95%	0.41%	0.24%	0.32%	0.38%	0.38%	0.89%	0.70%	1.16%
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF	0.96%	1.19%	1.31%	1.16%	2.10%	1.45%	2.88%	1.84%	1.74%	1.49%	2.01%	1.17%

Frequently Asked Questions

Can I hold both EVX and RBLD in my portfolio?

EVX and RBLD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVX or RBLD?

RBLD has higher volatility (3.85%) compared to EVX (3.57%). In terms of maximum drawdown, EVX dropped -55.91% vs RBLD's -50.07%.

Which ETF is better, EVX or RBLD?

On 10-year performance, EVX leads with 11.96% vs 8.31% for RBLD. On fees, EVX is cheaper at 0.55% per year. On volatility, EVX has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVX or RBLD?

Over the 10-year period, EVX has performed better with a 11.96% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVX or RBLD?

EVX is cheaper with a 0.55% expense ratio, compared with 0.65% for RBLD.

Which ETF pays a higher dividend yield, EVX or RBLD?

RBLD has the higher dividend yield at 0.96%, compared with 0.17% for EVX.

What is the main difference between EVX and RBLD?

EVX is categorized as Industrials Equities, while RBLD is Infrastructure Equities. EVX tracks NYSE Arca Environmental Services Index, while RBLD tracks Alerian US NextGen Infrastructure Index - Benchmark TR Net. They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.55% for EVX and 0.65% for RBLD.

Which has better risk-adjusted returns?

RBLD currently has the higher Sharpe Ratio (1.52 vs 0.54), 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.