RBLD vs. HVAC

Last updated Aug 4, 2026

RBLD (First Trust Alerian U.S. NextGen Infrastructure ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both exchange-traded funds - RBLD is a Infrastructure Equities fund tracking the Alerian US NextGen Infrastructure Index - Benchmark TR Net, while HVAC is a Industrials Equities fund actively managed by AdvisorShares. RBLD is passively managed, while HVAC is actively managed. Over the past year, RBLD returned 21.43% vs 19.14% for HVAC. Their correlation of 0.84 means they have usually moved in the same direction. RBLD charges 0.65%/yr vs 1.00%/yr for HVAC.

Performance

RBLD vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) and AdvisorShares HVAC and Industrials ETF (HVAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBLD achieves a 18.14% return, which is significantly higher than HVAC's 16.27% return.

RBLD

• 1D: 1.14%
• 1M: -0.80%
• 6M: 11.43%
• YTD: 18.14%
• 1Y: 21.43%
• 3Y*: 19.48%
• 5Y*: 11.83%
• 10Y*: 8.31%
• ALL TIME*: 8.71%

HVAC

• 1D: 2.31%
• 1M: -5.87%
• 6M: 3.26%
• YTD: 16.27%
• 1Y: 19.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HVAC AdvisorShares HVAC and Industrials ETF	$286.93K	$310.46K	$425.66K
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF	$126.51K	$179.17K	$568.85K

RBLD vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF	18.14%	9.71%
HVAC AdvisorShares HVAC and Industrials ETF	16.27%	23.15%

Correlation

The correlation between RBLD and HVAC is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.84

The correlation between RBLD and HVAC has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

RBLD vs. HVAC - Sectors Allocation Comparison

Sectors	RBLD	HVAC
Industrials	42.4%	75.1%
Utilities	27.9%	5.0%
Technology	10.9%	19.2%
Energy	8.3%	-
Basic Materials	6.1%	-
Real Estate	4.3%	2.5%
Communication Services	1.0%	-
Consumer Cyclical	-	3.2%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-

Return for Risk

RBLD vs. HVAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RBLD

RBLD Risk / Return Rank: 65
RBLD Sharpe Ratio Rank: 60
RBLD Sortino Ratio Rank: 57
RBLD Omega Ratio Rank: 55
RBLD Calmar Ratio Rank: 79
RBLD Martin Ratio Rank: 74

HVAC

HVAC Risk / Return Rank: 26
HVAC Sharpe Ratio Rank: 25
HVAC Sortino Ratio Rank: 25
HVAC Omega Ratio Rank: 26
HVAC Calmar Ratio Rank: 25
HVAC Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RBLD vs. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) and AdvisorShares HVAC and Industrials ETF (HVAC). 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.

	RBLD	HVAC	Difference
Sharpe ratio: Return per unit of total volatility	1.52	0.57	+0.95
Sortino ratio: Return per unit of downside risk	2.09	0.95	+1.13
Omega ratio: Gain probability vs. loss probability	1.26	1.12	+0.14
Calmar ratio: Return relative to maximum drawdown	2.99	0.78	+2.22
Martin ratio: Return relative to average drawdown	9.84	3.00	+6.84

RBLD vs. HVAC - Sharpe Ratio Comparison

The current RBLD Sharpe Ratio is 1.52, which is higher than the HVAC Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of RBLD and HVAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RBLD vs. HVAC - Drawdown Comparison

The maximum RBLD drawdown since its inception was -50.07%, which is greater than HVAC's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for RBLD and HVAC.

Drawdown Indicators

	RBLD	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-50.07%	-24.72%	-25.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-24.72%	+17.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.07%	—	—
Current Drawdown Current decline from peak	-3.03%	-16.68%	+13.65%
Average Drawdown Average peak-to-trough decline	-10.76%	-4.65%	-6.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	6.40%	-4.22%

Volatility

RBLD vs. HVAC - Volatility Comparison

The current volatility for First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) is 3.85%, while AdvisorShares HVAC and Industrials ETF (HVAC) has a volatility of 13.57%. This indicates that RBLD experiences smaller price fluctuations and is considered to be less risky than HVAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBLD	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	13.57%	-9.72%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	29.17%	-18.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	33.64%	-19.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.79%	32.38%	-15.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.51%	32.38%	-13.87%

RBLD vs. HVAC - Expense Ratio Comparison

RBLD has a 0.65% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

RBLD vs. HVAC - Dividend Comparison

RBLD's dividend yield for the trailing twelve months is around 0.96%, more than HVAC's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HVAC AdvisorShares HVAC and Industrials ETF	0.17%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF	0.96%	1.19%	1.31%	1.16%	2.10%	1.45%	2.88%	1.84%	1.74%	1.49%	2.01%	1.17%

Frequently Asked Questions

Can I hold both RBLD and HVAC in my portfolio?

RBLD and HVAC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RBLD or HVAC?

HVAC has higher volatility (13.57%) compared to RBLD (3.85%). In terms of maximum drawdown, RBLD dropped -50.07% vs HVAC's -24.72%.

Which ETF is better, RBLD or HVAC?

On 1-year performance, RBLD leads with 21.43% vs 19.14% for HVAC. On fees, RBLD is cheaper at 0.65% per year. On volatility, RBLD has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RBLD or HVAC?

Over the 1-year period, RBLD has performed better with a 21.43% return vs 19.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RBLD or HVAC?

RBLD is cheaper with a 0.65% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, RBLD or HVAC?

RBLD has the higher dividend yield at 0.96%, compared with 0.17% for HVAC.

What is the main difference between RBLD and HVAC?

RBLD is categorized as Infrastructure Equities, while HVAC is Industrials Equities. They also come from different issuers: First Trust and AdvisorShares. Their fees differ too: 0.65% for RBLD and 1.00% for HVAC.

Which has better risk-adjusted returns?

RBLD currently has the higher Sharpe Ratio (1.52 vs 0.57), 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.