RJDI vs. RJMI

Last updated Jun 24, 2026

RJDI (RJ Eagle GCM Dividend Select Income ETF) and RJMI (RJ Eagle Municipal Income ETF) are both exchange-traded funds - RJDI is a Dividend fund actively managed by Carillon Tower Advisers, while RJMI is a Municipal Bonds fund actively managed by Carillon Tower Advisers. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. RJDI charges 0.63%/yr vs 0.41%/yr for RJMI.

Performance

RJDI vs. RJMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle GCM Dividend Select Income ETF (RJDI) and RJ Eagle Municipal Income ETF (RJMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RJDI achieves a 14.18% return, which is significantly higher than RJMI's 1.76% return.

RJDI

• 1D: -0.83%
• 1M: -0.31%
• YTD: 14.18%
• 6M: 13.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RJMI

• 1D: -0.13%
• 1M: 1.45%
• YTD: 1.76%
• 6M: 1.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RJDI vs. RJMI - Yearly Performance Comparison

	2026 (YTD)	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	14.18%	1.23%
RJMI RJ Eagle Municipal Income ETF	1.76%	2.68%

Correlation

The correlation between RJDI and RJMI is 0.22, 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 Oct 2, 2025	0.22

Return for Risk

RJDI vs. RJMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle GCM Dividend Select Income ETF (RJDI) and RJ Eagle Municipal Income ETF (RJMI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

RJDI vs. RJMI - Drawdown Comparison

The maximum RJDI drawdown since its inception was -7.05%, which is greater than RJMI's maximum drawdown of -3.04%. Use the drawdown chart below to compare losses from any high point for RJDI and RJMI.

Drawdown Indicators

	RJDI	RJMI	Difference
Max Drawdown Largest peak-to-trough decline	-7.05%	-3.04%	-4.01%
Current Drawdown Current decline from peak	-1.70%	-0.48%	-1.22%
Average Drawdown Average peak-to-trough decline	-1.48%	-0.65%	-0.83%

Volatility

Volatility by Period

	RJDI	RJMI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	3.04%	+9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.75%	3.04%	+9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	3.04%	+9.71%

RJDI vs. RJMI - Expense Ratio Comparison

RJDI has a 0.63% expense ratio, which is higher than RJMI's 0.41% expense ratio.

Dividends

RJDI vs. RJMI - Dividend Comparison

RJDI's dividend yield for the trailing twelve months is around 0.54%, less than RJMI's 1.95% yield.

Position	TTM	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	0.54%	0.23%
RJMI RJ Eagle Municipal Income ETF	1.95%	0.61%

Frequently Asked Questions

Can I hold both RJDI and RJMI in my portfolio?

RJDI and RJMI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJDI or RJMI?

On fees, RJMI is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJDI or RJMI?

RJMI is cheaper with a 0.41% expense ratio, compared with 0.63% for RJDI.

Which ETF pays a higher dividend yield, RJDI or RJMI?

RJMI has the higher dividend yield at 1.95%, compared with 0.54% for RJDI.

What is the main difference between RJDI and RJMI?

RJDI is categorized as Dividend, while RJMI is Municipal Bonds. Their fees differ too: 0.63% for RJDI and 0.41% for RJMI.