MUNA vs. RVNU
MUNA (Northern Trust 2030 Tax-Exempt Distributing Ladder ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both Municipal Bonds funds. MUNA is actively managed, while RVNU is passively managed. At a 0.33 correlation, their price movements are largely independent. MUNA charges 0.18%/yr vs 0.15%/yr for RVNU.
Performance
MUNA vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, MUNA achieves a 1.42% return, which is significantly lower than RVNU's 4.81% return.
MUNA
- 1D
- -0.01%
- 1M
- 0.32%
- YTD
- 1.42%
- 6M
- 1.45%
- 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%
MUNA vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUNA Northern Trust 2030 Tax-Exempt Distributing Ladder ETF | 1.42% | 0.68% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.81% | 5.43% |
Correlation
The correlation between MUNA and RVNU is 0.33, 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 Aug 19, 2025 | 0.33 |
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Return for Risk
MUNA vs. RVNU — Risk / Return Rank
MUNA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RVNU
MUNA vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) 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.
| MUNA | 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
MUNA vs. RVNU - Drawdown Comparison
The maximum MUNA drawdown since its inception was -0.91%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for MUNA and RVNU.
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Drawdown Indicators
| MUNA | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -23.51% | +22.60% |
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 | -0.56% | -1.77% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -4.97% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.82% | — |
Volatility
MUNA vs. RVNU - Volatility Comparison
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Volatility by Period
| MUNA | 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 | 1.83% | 4.99% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.83% | 7.20% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.83% | 7.25% | -5.42% |
MUNA vs. RVNU - Expense Ratio Comparison
MUNA has a 0.18% 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
MUNA vs. RVNU - Dividend Comparison
MUNA's dividend yield for the trailing twelve months is around 1.66%, less than RVNU's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNA Northern Trust 2030 Tax-Exempt Distributing Ladder ETF | 1.66% | 0.76% | 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
MUNA and RVNU have a correlation of 0.33, 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 0.18% for MUNA.
RVNU has the higher dividend yield at 3.48%, compared with 1.66% for MUNA.
They also come from different issuers: Northern Trust and Deutsche Bank. Their fees differ too: 0.18% for MUNA and 0.15% for RVNU.
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