RJMI vs. RJVI

Last updated Jun 23, 2026

RJMI (RJ Eagle Municipal Income ETF) and RJVI (RJ Eagle Vertical Income ETF) are both exchange-traded funds - RJMI is a Municipal Bonds fund actively managed by Carillon Tower Advisers, while RJVI is a Multisector Bonds fund actively managed by Carillon Tower Advisers. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. RJMI charges 0.41%/yr vs 0.51%/yr for RJVI.

Performance

RJMI vs. RJVI - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RJMI having a 1.89% return and RJVI slightly lower at 1.83%.

RJMI

• 1D: 0.05%
• 1M: 1.58%
• YTD: 1.89%
• 6M: 2.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RJVI

• 1D: -0.16%
• 1M: 0.02%
• YTD: 1.83%
• 6M: 1.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RJMI vs. RJVI - Yearly Performance Comparison

	2026 (YTD)	2025
RJMI RJ Eagle Municipal Income ETF	1.89%	2.68%
RJVI RJ Eagle Vertical Income ETF	1.83%	0.52%

Correlation

The correlation between RJMI and RJVI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.53

Return for Risk

RJMI vs. RJVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Municipal Income ETF (RJMI) and RJ Eagle Vertical Income ETF (RJVI). 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

RJMI vs. RJVI - Drawdown Comparison

The maximum RJMI drawdown since its inception was -3.04%, roughly equal to the maximum RJVI drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for RJMI and RJVI.

Drawdown Indicators

	RJMI	RJVI	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-3.12%	+0.08%
Current Drawdown Current decline from peak	-0.35%	-1.33%	+0.98%
Average Drawdown Average peak-to-trough decline	-0.65%	-1.03%	+0.38%

Volatility

Volatility by Period

	RJMI	RJVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	4.17%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.05%	4.17%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.05%	4.17%	-1.12%

RJMI vs. RJVI - Expense Ratio Comparison

RJMI has a 0.41% expense ratio, which is lower than RJVI's 0.51% expense ratio.

Dividends

RJMI vs. RJVI - Dividend Comparison

RJMI's dividend yield for the trailing twelve months is around 1.95%, less than RJVI's 2.61% yield.

Position	TTM	2025
RJMI RJ Eagle Municipal Income ETF	1.95%	0.61%
RJVI RJ Eagle Vertical Income ETF	2.61%	0.93%

Frequently Asked Questions

Can I hold both RJMI and RJVI in my portfolio?

RJMI and RJVI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJMI or RJVI?

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, RJMI or RJVI?

RJMI is cheaper with a 0.41% expense ratio, compared with 0.51% for RJVI.

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

RJVI has the higher dividend yield at 2.61%, compared with 1.95% for RJMI.

What is the main difference between RJMI and RJVI?

RJMI is categorized as Municipal Bonds, while RJVI is Multisector Bonds. Their fees differ too: 0.41% for RJMI and 0.51% for RJVI.