RMRC vs. TCV

Last updated Jul 10, 2026

RMRC (ARMOR Core Risk-Managed ETF) and TCV (Towle Value ETF) are both exchange-traded funds - RMRC is a Actively Managed fund actively managed by Exchange Traded Concepts, while TCV is a Small Cap Value Equities fund actively managed by Towle. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. RMRC charges 0.60%/yr vs 0.85%/yr for TCV.

Performance

RMRC vs. TCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARMOR Core Risk-Managed ETF (RMRC) and Towle Value ETF (TCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RMRC

• 1D: 0.03%
• 1M: 1.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCV

• 1D: 0.94%
• 1M: 2.06%
• 6M: 16.12%
• YTD: 24.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMRC vs. TCV - Yearly Performance Comparison

	2026 (YTD)
RMRC ARMOR Core Risk-Managed ETF	2.27%
TCV Towle Value ETF	12.01%

Correlation

The correlation between RMRC and TCV is 0.47, 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 Feb 24, 2026	0.47

Return for Risk

RMRC vs. TCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARMOR Core Risk-Managed ETF (RMRC) and Towle Value ETF (TCV). 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

RMRC vs. TCV - Drawdown Comparison

The maximum RMRC drawdown since its inception was -6.57%, smaller than the maximum TCV drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for RMRC and TCV.

Drawdown Indicators

	RMRC	TCV	Difference
Max Drawdown Largest peak-to-trough decline	-6.57%	-12.23%	+5.66%
Current Drawdown Current decline from peak	-0.86%	-0.69%	-0.17%
Average Drawdown Average peak-to-trough decline	-1.70%	-3.35%	+1.65%

Volatility

Volatility by Period

	RMRC	TCV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	21.26%	-10.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.37%	21.26%	-10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.37%	21.26%	-10.89%

RMRC vs. TCV - Expense Ratio Comparison

RMRC has a 0.60% expense ratio, which is lower than TCV's 0.85% expense ratio.

Dividends

RMRC vs. TCV - Dividend Comparison

RMRC's dividend yield for the trailing twelve months is around 0.59%, more than TCV's 0.58% yield.

Position	TTM	2025
RMRC ARMOR Core Risk-Managed ETF	0.59%	0.00%
TCV Towle Value ETF	0.58%	0.31%

Frequently Asked Questions

Can I hold both RMRC and TCV in my portfolio?

RMRC and TCV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RMRC or TCV?

On fees, RMRC is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RMRC or TCV?

RMRC is cheaper with a 0.60% expense ratio, compared with 0.85% for TCV.

Which ETF pays a higher dividend yield, RMRC or TCV?

RMRC has the higher dividend yield at 0.59%, compared with 0.58% for TCV.

What is the main difference between RMRC and TCV?

RMRC is categorized as Actively Managed, while TCV is Small Cap Value Equities. They also come from different issuers: Exchange Traded Concepts and Towle. Their fees differ too: 0.60% for RMRC and 0.85% for TCV.