RNMC vs. CTEF

Last updated Jun 4, 2026

RNMC (First Trust Mid Cap US Equity Select ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. RNMC is passively managed, while CTEF is actively managed. At a 0.49 correlation, their price movements are largely independent. RNMC charges 0.60%/yr vs 0.45%/yr for CTEF.

Performance

RNMC vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Mid Cap US Equity Select ETF (RNMC) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNMC achieves a -1.53% return, which is significantly lower than CTEF's 29.35% return.

RNMC

• 1D: -0.01%
• 1M: -1.54%
• YTD: -1.53%
• 6M: -1.11%
• 1Y: -1.10%
• 3Y*: 9.79%
• 5Y*: 4.93%
• 10Y*: —

CTEF

• 1D: -0.41%
• 1M: 10.65%
• YTD: 29.35%
• 6M: 31.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNMC vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
RNMC First Trust Mid Cap US Equity Select ETF	-1.53%	2.50%
CTEF Castellan Targeted Equity ETF	29.35%	33.22%

Correlation

The correlation between RNMC and CTEF is 0.49, 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 Jun 20, 2025	0.49

Return for Risk

RNMC vs. CTEF — Risk / Return Rank

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

RNMC

RNMC Risk / Return Rank: 7
RNMC Sharpe Ratio Rank: 8
RNMC Sortino Ratio Rank: 7
RNMC Omega Ratio Rank: 7
RNMC Calmar Ratio Rank: 7
RNMC Martin Ratio Rank: 7

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.

RNMC vs. CTEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap US Equity Select ETF (RNMC) and Castellan Targeted Equity ETF (CTEF). 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.

	RNMC	CTEF	Difference
Sharpe ratio Return per unit of total volatility	-0.09	—	—
Sortino ratio Return per unit of downside risk	-0.04	—	—
Omega ratio Gain probability vs. loss probability	1.00	—	—
Calmar ratio Return relative to maximum drawdown	-0.14	—	—
Martin ratio Return relative to average drawdown	-0.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RNMC	CTEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	3.54	-3.16

Drawdowns

RNMC vs. CTEF - Drawdown Comparison

The maximum RNMC drawdown since its inception was -43.57%, which is greater than CTEF's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for RNMC and CTEF.

Drawdown Indicators

	RNMC	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-43.57%	-15.00%	-28.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.25%	—	—
Current Drawdown Current decline from peak	-7.32%	-0.41%	-6.91%
Average Drawdown Average peak-to-trough decline	-5.99%	-1.80%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	RNMC	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	21.81%	-9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.09%	21.81%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	21.81%	-0.61%

RNMC vs. CTEF - Expense Ratio Comparison

RNMC has a 0.60% expense ratio, which is higher than CTEF's 0.45% expense ratio.

Dividends

RNMC vs. CTEF - Dividend Comparison

RNMC's dividend yield for the trailing twelve months is around 0.91%, more than CTEF's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTEF Castellan Targeted Equity ETF	0.06%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNMC First Trust Mid Cap US Equity Select ETF	0.91%	0.75%	1.12%	1.47%	1.71%	1.21%	1.33%	1.68%	1.67%	0.67%

Frequently Asked Questions

Can I hold both RNMC and CTEF in my portfolio?

RNMC and CTEF have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RNMC or CTEF?

On fees, CTEF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RNMC or CTEF?

CTEF is cheaper with a 0.45% expense ratio, compared with 0.60% for RNMC.

Which ETF pays a higher dividend yield, RNMC or CTEF?

RNMC has the higher dividend yield at 0.91%, compared with 0.06% for CTEF.

What is the main difference between RNMC and CTEF?

They also come from different issuers: First Trust and Castellan. Their fees differ too: 0.60% for RNMC and 0.45% for CTEF.