RJMI vs. IBMM

Last updated Jun 5, 2026

RJMI (RJ Eagle Municipal Income ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. RJMI is actively managed, while IBMM is passively managed. RJMI charges 0.41%/yr vs 0.18%/yr for IBMM.

Performance

RJMI vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle Municipal Income ETF (RJMI) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RJMI

• 1D: 0.08%
• 1M: 0.91%
• YTD: 1.72%
• 6M: 2.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RJMI vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
RJMI RJ Eagle Municipal Income ETF	0.53%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

RJMI vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Municipal Income ETF (RJMI) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

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

Sharpe Ratios by Period

	RJMI	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	—	—

Drawdowns

RJMI vs. IBMM - Drawdown Comparison

The maximum RJMI drawdown since its inception was -3.04%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RJMI and IBMM.

Drawdown Indicators

	RJMI	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	0.00%	-3.04%
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-0.66%	0.00%	-0.66%

Volatility

Volatility by Period

	RJMI	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	0.00%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	0.00%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	0.00%	+3.07%

RJMI vs. IBMM - Expense Ratio Comparison

RJMI has a 0.41% expense ratio, which is higher than IBMM's 0.18% expense ratio.

Dividends

RJMI vs. IBMM - Dividend Comparison

RJMI's dividend yield for the trailing twelve months is around 1.95%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%
RJMI RJ Eagle Municipal Income ETF	1.95%	0.61%

Frequently Asked Questions

Which ETF is better, RJMI or IBMM?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJMI or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.41% for RJMI.

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

RJMI has the higher dividend yield at 1.95%, compared with 0.00% for IBMM.

What is the main difference between RJMI and IBMM?

They also come from different issuers: Carillon Tower Advisers and iShares. Their fees differ too: 0.41% for RJMI and 0.18% for IBMM.