RNIN vs. IBMO
RNIN (Bushido Capital US SMID Cap Equity ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both exchange-traded funds - RNIN is a Mid Cap Value Equities fund actively managed by Bushido, while IBMO is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. RNIN is actively managed, while IBMO is passively managed. Over the past year, RNIN returned 29.78% vs 2.43% for IBMO. At a correlation of -0.04, they often move in opposite directions. RNIN charges 0.68%/yr vs 0.18%/yr for IBMO.
Performance
RNIN vs. IBMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RNIN achieves a 22.87% return, which is significantly higher than IBMO's 1.10% return.
RNIN
- 1D
- 1.40%
- 1M
- 4.83%
- 6M
- 19.86%
- YTD
- 22.87%
- 1Y
- 29.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO
- 1D
- -0.02%
- 1M
- 0.09%
- 6M
- 0.97%
- YTD
- 1.10%
- 1Y
- 2.43%
- 3Y*
- 2.77%
- 5Y*
- 0.63%
- 10Y*
- —
RNIN vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RNIN Bushido Capital US SMID Cap Equity ETF | 22.87% | 10.92% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.10% | 2.15% |
Correlation
The correlation between RNIN and IBMO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since May 15, 2025 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RNIN vs. IBMO — Risk / Return Rank
RNIN
IBMO
RNIN vs. IBMO - 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 iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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 | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | 6.44 | -1.19 |
| Martin ratioReturn relative to average drawdown | 17.34 | 19.02 | -1.68 |
Loading charts...
Drawdowns
RNIN vs. IBMO - Drawdown Comparison
The maximum RNIN drawdown since its inception was -5.70%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for RNIN and IBMO.
Loading charts...
Drawdown Indicators
| RNIN | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -14.77% | +9.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -0.38% | -5.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.86% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -2.29% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.13% | +1.59% |
Volatility
RNIN vs. IBMO - Volatility Comparison
Bushido Capital US SMID Cap Equity ETF (RNIN) has a higher volatility of 4.90% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.32%. This indicates that RNIN's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RNIN | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 0.32% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 0.72% | +10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 1.13% | +14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 2.14% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 4.49% | +10.59% |
RNIN vs. IBMO - Expense Ratio Comparison
RNIN has a 0.68% expense ratio, which is higher than IBMO's 0.18% expense ratio.
Dividends
RNIN vs. IBMO - Dividend Comparison
RNIN's dividend yield for the trailing twelve months is around 0.85%, less than IBMO's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.40% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
RNIN Bushido Capital US SMID Cap Equity ETF | 0.85% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RNIN and IBMO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNIN has higher volatility (4.90%) compared to IBMO (0.32%). In terms of maximum drawdown, RNIN dropped -5.70% vs IBMO's -14.77%.
On 1-year performance, RNIN leads with 29.78% vs 2.43% for IBMO. On fees, IBMO is cheaper at 0.18% per year. On volatility, IBMO has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RNIN has performed better with a 29.78% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.68% for RNIN.
IBMO has the higher dividend yield at 2.40%, compared with 0.85% for RNIN.
RNIN is categorized as Mid Cap Value Equities, while IBMO is Municipal Bonds. They also come from different issuers: Bushido and iShares. Their fees differ too: 0.68% for RNIN and 0.18% for IBMO.
IBMO currently has the higher Sharpe Ratio (2.16 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for RNIN and IBMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer