FTNY vs. RVNU
FTNY (Franklin New York Municipal Income ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both Municipal Bonds funds. FTNY is actively managed, while RVNU is passively managed. At a 0.50 correlation, their price movements are largely independent. FTNY charges 0.36%/yr vs 0.15%/yr for RVNU.
Performance
FTNY vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, FTNY achieves a 3.17% return, which is significantly lower than RVNU's 4.81% return.
FTNY
- 1D
- 0.38%
- 1M
- 1.79%
- YTD
- 3.17%
- 6M
- 3.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNU
- 1D
- 0.32%
- 1M
- 1.59%
- YTD
- 4.81%
- 6M
- 4.77%
- 1Y
- 9.72%
- 3Y*
- 3.52%
- 5Y*
- -0.04%
- 10Y*
- 1.87%
FTNY vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNY Franklin New York Municipal Income ETF | 3.17% | -0.24% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.81% | -1.02% |
Correlation
The correlation between FTNY and RVNU is 0.50, 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 Oct 27, 2025 | 0.50 |
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Return for Risk
FTNY vs. RVNU — Risk / Return Rank
FTNY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RVNU
FTNY vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New York Municipal Income ETF (FTNY) 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.
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.
| FTNY | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.96 | — |
| Martin ratioReturn relative to average drawdown | — | 11.87 | — |
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Drawdowns
FTNY vs. RVNU - Drawdown Comparison
The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for FTNY and RVNU.
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Drawdown Indicators
| FTNY | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -23.51% | +20.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.35% | — |
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 | 0.00% | -1.77% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -4.97% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.82% | — |
Volatility
FTNY vs. RVNU - Volatility Comparison
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Volatility by Period
| FTNY | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 4.99% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 7.20% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 7.25% | -3.30% |
FTNY vs. RVNU - Expense Ratio Comparison
FTNY has a 0.36% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Dividends
FTNY vs. RVNU - Dividend Comparison
FTNY's dividend yield for the trailing twelve months is around 2.23%, less than RVNU's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTNY Franklin New York Municipal Income ETF | 2.23% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.48% | 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
FTNY and RVNU 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.
On fees, RVNU is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RVNU is cheaper with a 0.15% expense ratio, compared with 0.36% for FTNY.
RVNU has the higher dividend yield at 3.48%, compared with 2.23% for FTNY.
They also come from different issuers: Franklin Templeton and Deutsche Bank. Their fees differ too: 0.36% for FTNY and 0.15% for RVNU.
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