LTAX vs. RVNU
LTAX (Nomura Tax-Free USA ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both Municipal Bonds funds. LTAX is actively managed, while RVNU is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. LTAX charges 0.39%/yr vs 0.15%/yr for RVNU.
Performance
LTAX vs. RVNU - Performance Comparison
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Returns By Period
LTAX
- 1D
- -0.01%
- 1M
- 2.01%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNU
- 1D
- -0.14%
- 1M
- 2.03%
- YTD
- 4.19%
- 6M
- 4.26%
- 1Y
- 9.44%
- 3Y*
- 3.30%
- 5Y*
- -0.17%
- 10Y*
- 1.78%
LTAX vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LTAX Nomura Tax-Free USA ETF | 2.07% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.16% |
Correlation
The correlation between LTAX and RVNU is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026 | 0.69 |
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Return for Risk
LTAX vs. RVNU — Risk / Return Rank
LTAX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RVNU
LTAX vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Tax-Free USA ETF (LTAX) 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.
| LTAX | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.85 | — |
| Martin ratioReturn relative to average drawdown | — | 11.51 | — |
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Drawdowns
LTAX vs. RVNU - Drawdown Comparison
The maximum LTAX drawdown since its inception was -3.18%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for LTAX and RVNU.
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Drawdown Indicators
| LTAX | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.18% | -23.51% | +20.33% |
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 | -0.01% | -2.35% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -4.97% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.82% | — |
Volatility
LTAX vs. RVNU - Volatility Comparison
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Volatility by Period
| LTAX | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 5.00% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 7.19% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 7.26% | -1.50% |
LTAX vs. RVNU - Expense Ratio Comparison
LTAX has a 0.39% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Dividends
LTAX vs. RVNU - Dividend Comparison
LTAX's dividend yield for the trailing twelve months is around 1.33%, less than RVNU's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTAX Nomura Tax-Free USA ETF | 1.33% | 0.00% | 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 | 3.50% | 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
LTAX and RVNU have a correlation of 0.69, 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 0.39% for LTAX.
RVNU has the higher dividend yield at 3.50%, compared with 1.33% for LTAX.
They also come from different issuers: Nomura and Deutsche Bank. Their fees differ too: 0.39% for LTAX and 0.15% for RVNU.
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