RMDFX vs. BINC

Last updated Apr 1, 2026

Compare and contrast key facts about Aspiriant Defensive Allocation Fund (RMDFX) and iShares Flexible Income Active ETF (BINC).

RMDFX is managed by Aspiriant. It was launched on Dec 13, 2015. BINC is an actively managed fund by iShares. It was launched on May 19, 2023.

Performance

RMDFX vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aspiriant Defensive Allocation Fund (RMDFX) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

RMDFX vs. BINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RMDFX Aspiriant Defensive Allocation Fund	2.53%	18.85%	1.45%	5.98%
BINC iShares Flexible Income Active ETF	-0.78%	7.57%	5.76%	7.08%

Returns By Period

In the year-to-date period, RMDFX achieves a 2.53% return, which is significantly higher than BINC's -0.78% return.

RMDFX

• 1D: 0.25%
• 1M: -3.79%
• YTD: 2.53%
• 6M: 7.56%
• 1Y: 17.15%
• 3Y*: 9.46%
• 5Y*: 5.23%
• 10Y*: 4.91%

BINC

• 1D: 0.33%
• 1M: -2.11%
• YTD: -0.78%
• 6M: 0.65%
• 1Y: 5.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMDFX vs. BINC - Expense Ratio Comparison

RMDFX has a 0.18% expense ratio, which is lower than BINC's 0.40% expense ratio.

BINC

iShares Flexible Income Active ETF

RMDFX

Aspiriant Defensive Allocation Fund

Return for Risk

RMDFX vs. BINC — Risk / Return Rank

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

RMDFX

RMDFX Risk / Return Rank: 98
RMDFX Sharpe Ratio Rank: 99
RMDFX Sortino Ratio Rank: 98
RMDFX Omega Ratio Rank: 98
RMDFX Calmar Ratio Rank: 97
RMDFX Martin Ratio Rank: 97

BINC

BINC Risk / Return Rank: 84
BINC Sharpe Ratio Rank: 87
BINC Sortino Ratio Rank: 87
BINC Omega Ratio Rank: 91
BINC Calmar Ratio Rank: 76
BINC Martin Ratio Rank: 79

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.

RMDFX vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aspiriant Defensive Allocation Fund (RMDFX) and iShares Flexible Income Active ETF (BINC). 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.

	RMDFX	BINC	Difference
Sharpe ratio Return per unit of total volatility	3.47	1.74	+1.73
Sortino ratio Return per unit of downside risk	4.74	2.29	+2.45
Omega ratio Gain probability vs. loss probability	1.75	1.38	+0.38
Calmar ratio Return relative to maximum drawdown	4.07	1.91	+2.16
Martin ratio Return relative to average drawdown	17.19	7.93	+9.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMDFX vs. BINC - Sharpe Ratio Comparison

The current RMDFX Sharpe Ratio is 3.47, which is higher than the BINC Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of RMDFX and BINC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RMDFX	BINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.47	1.74	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	2.28	-1.51

Correlation

The correlation between RMDFX and BINC is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RMDFX vs. BINC - Dividend Comparison

RMDFX's dividend yield for the trailing twelve months is around 4.52%, less than BINC's 5.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RMDFX Aspiriant Defensive Allocation Fund	4.52%	4.63%	0.00%	3.69%	0.78%	5.37%	2.28%	3.78%	4.11%	2.16%	1.16%
BINC iShares Flexible Income Active ETF	5.91%	5.86%	6.14%	3.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RMDFX vs. BINC - Drawdown Comparison

The maximum RMDFX drawdown since its inception was -15.96%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for RMDFX and BINC.

Drawdown Indicators

	RMDFX	BINC	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-2.69%	-13.27%
Max Drawdown (1Y) Largest decline over 1 year	-4.19%	-2.69%	-1.50%
Max Drawdown (5Y) Largest decline over 5 years	-14.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.96%	—	—
Current Drawdown Current decline from peak	-3.79%	-2.14%	-1.65%
Average Drawdown Average peak-to-trough decline	-3.37%	-0.33%	-3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.65%	+0.34%

Volatility

RMDFX vs. BINC - Volatility Comparison

Aspiriant Defensive Allocation Fund (RMDFX) has a higher volatility of 1.99% compared to iShares Flexible Income Active ETF (BINC) at 1.25%. This indicates that RMDFX's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMDFX	BINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.25%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	3.83%	1.69%	+2.14%
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	2.94%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.34%	3.03%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.20%	3.03%	+3.17%