FEMD vs. RNIN

Last updated Jun 4, 2026

FEMD (First Eagle Mid Cap Equity ETF) and RNIN (Bushido Capital US SMID Cap Equity ETF) are both Mid Cap Value Equities funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. FEMD charges 0.55%/yr vs 0.68%/yr for RNIN.

Performance

FEMD vs. RNIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Mid Cap Equity ETF (FEMD) and Bushido Capital US SMID Cap Equity ETF (RNIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEMD

• 1D: 0.53%
• 1M: 3.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RNIN

• 1D: -1.25%
• 1M: 1.27%
• YTD: 15.93%
• 6M: 14.64%
• 1Y: 28.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEMD vs. RNIN - Yearly Performance Comparison

	2026 (YTD)
FEMD First Eagle Mid Cap Equity ETF	4.76%
RNIN Bushido Capital US SMID Cap Equity ETF	13.04%

Correlation

The correlation between FEMD and RNIN is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 28, 2026	0.46

Return for Risk

FEMD vs. RNIN — Risk / Return Rank

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

RNIN

RNIN Risk / Return Rank: 70
RNIN Sharpe Ratio Rank: 58
RNIN Sortino Ratio Rank: 61
RNIN Omega Ratio Rank: 56
RNIN Calmar Ratio Rank: 88
RNIN Martin Ratio Rank: 86

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.

FEMD vs. RNIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) and Bushido Capital US SMID Cap Equity ETF (RNIN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FEMD	RNIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.78	-1.06

Drawdowns

FEMD vs. RNIN - Drawdown Comparison

The maximum FEMD drawdown since its inception was -11.51%, which is greater than RNIN's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for FEMD and RNIN.

Drawdown Indicators

	FEMD	RNIN	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-5.70%	-5.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.70%	—
Current Drawdown Current decline from peak	-0.06%	-2.55%	+2.49%
Average Drawdown Average peak-to-trough decline	-3.41%	-1.24%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	FEMD	RNIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	14.87%	+5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.10%	14.97%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	14.97%	+5.13%

FEMD vs. RNIN - Expense Ratio Comparison

FEMD has a 0.55% expense ratio, which is lower than RNIN's 0.68% expense ratio.

Dividends

FEMD vs. RNIN - Dividend Comparison

FEMD has not paid dividends to shareholders, while RNIN's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM	2025
FEMD First Eagle Mid Cap Equity ETF	0.00%	0.00%
RNIN Bushido Capital US SMID Cap Equity ETF	0.76%	0.71%

Frequently Asked Questions

Can I hold both FEMD and RNIN in my portfolio?

FEMD and RNIN 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.

Which ETF is better, FEMD or RNIN?

On fees, FEMD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEMD or RNIN?

FEMD is cheaper with a 0.55% expense ratio, compared with 0.68% for RNIN.

Which ETF pays a higher dividend yield, FEMD or RNIN?

RNIN has the higher dividend yield at 0.76%, compared with 0.00% for FEMD.

What is the main difference between FEMD and RNIN?

They also come from different issuers: First Eagle and Bushido. Their fees differ too: 0.55% for FEMD and 0.68% for RNIN.