HDEF vs. RVNU
HDEF (Xtrackers MSCI EAFE High Dividend Yield Equity ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both exchange-traded funds - HDEF is a Foreign Large Cap Equities fund tracking the MSCI EAFE High Dividend Yield US Dollar Hedged Index, while RVNU is a Municipal Bonds fund tracking the Solactive Municipal Infrastructure Revenue Bond Index. Both are passively managed. Over the past 10 years, HDEF returned 9.09%/yr vs 1.68%/yr for RVNU. Their 0.05 correlation means their historical movements had little consistent relationship. HDEF charges 0.20%/yr vs 0.15%/yr for RVNU.
Performance
HDEF vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, HDEF achieves a 12.33% return, which is significantly higher than RVNU's 2.38% return. Over the past 10 years, HDEF has outperformed RVNU with an annualized return of 9.09%, while RVNU has yielded a comparatively lower 1.68% annualized return.
HDEF
- 1D
- -0.95%
- 1M
- 3.70%
- 6M
- 8.55%
- YTD
- 12.33%
- 1Y
- 23.62%
- 3Y*
- 17.68%
- 5Y*
- 11.81%
- 10Y*
- 9.09%
- ALL TIME*
- 8.10%
RVNU
- 1D
- -0.44%
- 1M
- -2.64%
- 6M
- 1.68%
- YTD
- 2.38%
- 1Y
- 7.65%
- 3Y*
- 2.77%
- 5Y*
- -0.74%
- 10Y*
- 1.68%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.46M | $3.74M | $5.68M | |
| $970.49K | $605.73K | $654.06K |
HDEF vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 12.33% | 33.01% | 2.85% | 18.53% | -2.51% | 6.95% | -1.90% | 25.02% | -13.74% | 9.89% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 2.38% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | -0.56% | 8.24% |
Correlation
The correlation between HDEF and RVNU is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015 | 0.05 |
The correlation between HDEF and RVNU shifts across timeframes, from 0.05 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HDEF vs. RVNU — Risk / Return Rank
HDEF
RVNU
HDEF vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) 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.
| HDEF | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.12 | -0.11 |
| Martin ratioReturn relative to average drawdown | 8.62 | 10.37 | -1.75 |
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Drawdowns
HDEF vs. RVNU - Drawdown Comparison
The maximum HDEF drawdown since its inception was -36.43%, which is greater than RVNU's maximum drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for HDEF and RVNU.
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Drawdown Indicators
| HDEF | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -23.51% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -2.64% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -9.81% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -23.21% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -36.43% | -23.51% | -12.92% |
Current DrawdownCurrent decline from peak | -0.95% | -4.05% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.95% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 0.79% | +2.01% |
Volatility
HDEF vs. RVNU - Volatility Comparison
Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) has a higher volatility of 3.31% compared to Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) at 1.50%. This indicates that HDEF's price experiences larger fluctuations and is considered to be riskier than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDEF | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 1.50% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 3.70% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 5.01% | +6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 7.22% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 7.25% | +8.88% |
HDEF vs. RVNU - Expense Ratio Comparison
HDEF has a 0.20% 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
HDEF vs. RVNU - Dividend Comparison
HDEF's dividend yield for the trailing twelve months is around 3.70%, more than RVNU's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 3.70% | 3.88% | 4.53% | 4.38% | 5.41% | 4.76% | 3.93% | 4.20% | 3.55% | 3.38% | 9.53% | 1.87% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.30% | 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
HDEF and RVNU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDEF has higher volatility (3.31%) compared to RVNU (1.50%). In terms of maximum drawdown, HDEF dropped -36.43% vs RVNU's -23.51%.
On 10-year performance, HDEF leads with 9.09% vs 1.68% for RVNU. On fees, RVNU is cheaper at 0.15% per year. On volatility, RVNU has been the lower-risk option at 1.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HDEF has performed better with a 9.09% return vs 1.68%. 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 0.20% for HDEF.
HDEF has the higher dividend yield at 3.70%, compared with 3.30% for RVNU.
HDEF is categorized as Foreign Large Cap Equities, while RVNU is Municipal Bonds. HDEF tracks MSCI EAFE High Dividend Yield US Dollar Hedged Index, while RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index. Their fees differ too: 0.20% for HDEF and 0.15% for RVNU.
HDEF currently has the higher Sharpe Ratio (2.09 vs 1.65), 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.
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