RNIN vs. FOVL
RNIN (Bushido Capital US SMID Cap Equity ETF) and FOVL (iShares Focused Value Factor ETF) are both Mid Cap Value Equities funds. RNIN is actively managed, while FOVL is passively managed. Their 0.36 correlation means their historical movements had little consistent relationship. RNIN charges 0.68%/yr vs 0.25%/yr for FOVL.
Performance
RNIN vs. FOVL - Performance Comparison
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Returns By Period
RNIN
- 1D
- 0.32%
- 1M
- 8.28%
- 6M
- 27.27%
- YTD
- 30.02%
- 1Y
- 41.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.34%
FOVL
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $576.14K | $321.31K | $205.27K |
RNIN vs. FOVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RNIN Bushido Capital US SMID Cap Equity ETF | 30.02% | 10.92% |
FOVL iShares Focused Value Factor ETF | 0.00% | 4.64% |
Correlation
The correlation between RNIN and FOVL is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 15, 2025 | 0.36 |
Over the past year, the correlation between RNIN and FOVL has dropped to 0.07 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
RNIN vs. FOVL — Risk / Return Rank
RNIN
FOVL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RNIN vs. FOVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bushido Capital US SMID Cap Equity ETF (RNIN) and iShares Focused Value Factor ETF (FOVL). 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.
| RNIN | FOVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.90 | — | — |
| Martin ratioReturn relative to average drawdown | 23.80 | — | — |
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Drawdowns
RNIN vs. FOVL - Drawdown Comparison
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Drawdown Indicators
| RNIN | FOVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.27% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | — | — |
Volatility
RNIN vs. FOVL - Volatility Comparison
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Volatility by Period
| RNIN | FOVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | — | — |
RNIN vs. FOVL - Expense Ratio Comparison
RNIN has a 0.68% expense ratio, which is higher than FOVL's 0.25% expense ratio.
Dividends
RNIN vs. FOVL - Dividend Comparison
RNIN's dividend yield for the trailing twelve months is around 0.80%, while FOVL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FOVL iShares Focused Value Factor ETF | 0.00% | 1.36% | 2.08% | 2.59% | 3.38% | 2.80% | 2.88% | 2.09% |
RNIN Bushido Capital US SMID Cap Equity ETF | 0.80% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RNIN and FOVL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FOVL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FOVL is cheaper with a 0.25% expense ratio, compared with 0.68% for RNIN.
RNIN has the higher dividend yield at 0.80%, compared with 0.00% for FOVL.
They also come from different issuers: Bushido and iShares. Their fees differ too: 0.68% for RNIN and 0.25% for FOVL.
Find the right allocation for RNIN and FOVL
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