RJMI vs. RTAI

Last updated Jul 12, 2026

RJMI (RJ Eagle Municipal Income ETF) and RTAI (Rareview Tax Advantaged Income ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. RJMI charges 0.41%/yr vs 3.78%/yr for RTAI.

Performance

RJMI vs. RTAI - Performance Comparison

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

Returns By Period

In the year-to-date period, RJMI achieves a 1.85% return, which is significantly lower than RTAI's 3.89% return.

RJMI

• 1D: -0.04%
• 1M: 0.09%
• 6M: 1.34%
• YTD: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RTAI

• 1D: -0.23%
• 1M: 0.82%
• 6M: 2.64%
• YTD: 3.89%
• 1Y: 10.85%
• 3Y*: 7.07%
• 5Y*: -1.05%
• 10Y*: —

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

RJMI vs. RTAI - Yearly Performance Comparison

	2026 (YTD)	2025
RJMI RJ Eagle Municipal Income ETF	1.85%	2.68%
RTAI Rareview Tax Advantaged Income ETF	3.89%	0.24%

Correlation

The correlation between RJMI and RTAI is 0.48, 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	0.48

Return for Risk

RJMI vs. RTAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RJMI

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

RTAI

RTAI Risk / Return Rank: 58
RTAI Sharpe Ratio Rank: 58
RTAI Sortino Ratio Rank: 69
RTAI Omega Ratio Rank: 66
RTAI Calmar Ratio Rank: 42
RTAI Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RJMI vs. RTAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Municipal Income ETF (RJMI) and Rareview Tax Advantaged Income ETF (RTAI). 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.

	RJMI	RTAI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.52	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	1.70	—
Martin ratio: Return relative to average drawdown	—	7.13	—

Drawdowns

RJMI vs. RTAI - Drawdown Comparison

The maximum RJMI drawdown since its inception was -3.04%, smaller than the maximum RTAI drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for RJMI and RTAI.

Drawdown Indicators

	RJMI	RTAI	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-34.32%	+31.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.32%	—
Current Drawdown Current decline from peak	-0.51%	-6.34%	+5.83%
Average Drawdown Average peak-to-trough decline	-0.63%	-13.69%	+13.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.48%	—

Volatility

Volatility by Period

	RJMI	RTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.01%	6.76%	-3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	9.37%	-6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.01%	9.01%	-6.00%

RJMI vs. RTAI - Expense Ratio Comparison

RJMI has a 0.41% expense ratio, which is lower than RTAI's 3.78% expense ratio.

Dividends

RJMI vs. RTAI - Dividend Comparison

RJMI's dividend yield for the trailing twelve months is around 2.24%, less than RTAI's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
RJMI RJ Eagle Municipal Income ETF	2.24%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%
RTAI Rareview Tax Advantaged Income ETF	4.95%	5.66%	5.02%	3.07%	3.71%	4.73%	0.48%

Frequently Asked Questions

Can I hold both RJMI and RTAI in my portfolio?

RJMI and RTAI have a correlation of 0.48, 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 RTAI?

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 RTAI?

RJMI is cheaper with a 0.41% expense ratio, compared with 3.78% for RTAI.

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

RTAI has the higher dividend yield at 4.95%, compared with 2.24% for RJMI.

What is the main difference between RJMI and RTAI?

They also come from different issuers: Carillon Tower Advisers and Rareview Funds. Their fees differ too: 0.41% for RJMI and 3.78% for RTAI.