RJVI vs. VGMS

Last updated Jun 5, 2026

RJVI (RJ Eagle Vertical Income ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. RJVI charges 0.51%/yr vs 0.30%/yr for VGMS.

Performance

RJVI vs. VGMS - Performance Comparison

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

Returns By Period

In the year-to-date period, RJVI achieves a 2.14% return, which is significantly higher than VGMS's 1.29% return.

RJVI

• 1D: 0.22%
• 1M: 0.79%
• YTD: 2.14%
• 6M: 2.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGMS

• 1D: 0.23%
• 1M: 0.38%
• YTD: 1.29%
• 6M: 1.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RJVI vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
RJVI RJ Eagle Vertical Income ETF	2.14%	0.50%
VGMS Vanguard Multi-Sector Income Bond ETF	1.29%	1.27%

Correlation

The correlation between RJVI and VGMS is 0.78, 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 3, 2025	0.78

Return for Risk

RJVI vs. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Vertical Income ETF (RJVI) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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

	RJVI	VGMS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	2.18	-1.21

Drawdowns

RJVI vs. VGMS - Drawdown Comparison

The maximum RJVI drawdown since its inception was -3.12%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for RJVI and VGMS.

Drawdown Indicators

	RJVI	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-2.46%	-0.66%
Current Drawdown Current decline from peak	-1.04%	-0.16%	-0.88%
Average Drawdown Average peak-to-trough decline	-1.02%	-0.31%	-0.71%

Volatility

Volatility by Period

	RJVI	VGMS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	3.21%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.14%	3.21%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	3.21%	+0.93%

RJVI vs. VGMS - Expense Ratio Comparison

RJVI has a 0.51% expense ratio, which is higher than VGMS's 0.30% expense ratio.

Dividends

RJVI vs. VGMS - Dividend Comparison

RJVI's dividend yield for the trailing twelve months is around 2.60%, less than VGMS's 5.15% yield.

Position	TTM	2025
RJVI RJ Eagle Vertical Income ETF	2.60%	0.93%
VGMS Vanguard Multi-Sector Income Bond ETF	5.15%	2.94%

Frequently Asked Questions

Can I hold both RJVI and VGMS in my portfolio?

RJVI and VGMS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJVI or VGMS?

On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJVI or VGMS?

VGMS is cheaper with a 0.30% expense ratio, compared with 0.51% for RJVI.

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

VGMS has the higher dividend yield at 5.15%, compared with 2.60% for RJVI.

What is the main difference between RJVI and VGMS?

They also come from different issuers: Carillon Tower Advisers and Vanguard. Their fees differ too: 0.51% for RJVI and 0.30% for VGMS.