RIVN vs. MUB
RIVN (Rivian Automotive, Inc.) is a stock, while MUB (iShares National AMT-Free Muni Bond ETF) is Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Over the past 3 years, RIVN returned 3.24%/yr vs 3.19%/yr for MUB. At a 0.15 correlation, their price movements are largely independent.
Performance
RIVN vs. MUB - Performance Comparison
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Returns By Period
In the year-to-date period, RIVN achieves a -24.45% return, which is significantly lower than MUB's 1.48% return.
RIVN
- 1D
- -1.39%
- 1M
- 4.71%
- YTD
- -24.45%
- 6M
- -29.70%
- 1Y
- 9.08%
- 3Y*
- 3.24%
- 5Y*
- —
- 10Y*
- —
MUB
- 1D
- -0.06%
- 1M
- 1.29%
- YTD
- 1.48%
- 6M
- 1.78%
- 1Y
- 6.40%
- 3Y*
- 3.19%
- 5Y*
- 0.93%
- 10Y*
- 1.90%
RIVN vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIVN Rivian Automotive, Inc. | -24.45% | 48.20% | -43.31% | 27.29% | -82.23% | -2.87% |
MUB iShares National AMT-Free Muni Bond ETF | 1.48% | 3.78% | 1.26% | 5.56% | -7.34% | 0.20% |
Correlation
The correlation between RIVN and MUB is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.15 |
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Return for Risk
RIVN vs. MUB — Risk / Return Rank
RIVN
MUB
RIVN vs. MUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) and iShares National AMT-Free Muni Bond ETF (MUB). 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.
| RIVN | MUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.46 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.31 | -2.09 |
| Martin ratioReturn relative to average drawdown | 0.41 | 8.02 | -7.60 |
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Drawdowns
RIVN vs. MUB - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for RIVN and MUB.
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Drawdown Indicators
| RIVN | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.12% | -13.68% | -81.44% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -2.79% | -39.75% |
Max Drawdown (3Y)Largest decline over 3 years | -69.61% | -5.34% | -64.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -91.34% | -0.47% | -90.87% |
Average DrawdownAverage peak-to-trough decline | -86.35% | -2.23% | -84.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.09% | 0.80% | +21.29% |
Volatility
RIVN vs. MUB - Volatility Comparison
Rivian Automotive, Inc. (RIVN) has a higher volatility of 23.17% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 0.77%. This indicates that RIVN's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIVN | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.17% | 0.77% | +22.40% |
Volatility (6M)Calculated over the trailing 6-month period | 46.83% | 2.27% | +44.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.95% | 2.88% | +63.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.49% | 4.07% | +73.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.49% | 4.92% | +72.57% |
Dividends
RIVN vs. MUB - Dividend Comparison
RIVN has not paid dividends to shareholders, while MUB's dividend yield for the trailing twelve months is around 3.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 3.17% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
RIVN Rivian Automotive, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIVN and MUB have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIVN has higher volatility (23.17%) compared to MUB (0.77%). In terms of maximum drawdown, RIVN dropped -95.12% vs MUB's -13.68%.
MUB currently has the higher Sharpe Ratio (2.23 vs 0.14), 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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