RTAI vs. FTNJ
RTAI (Rareview Tax Advantaged Income ETF) and FTNJ (Franklin New Jersey Municipal Income ETF) are both Municipal Bonds funds. RTAI is actively managed, while FTNJ is passively managed. At a 0.44 correlation, their price movements are largely independent. RTAI charges 3.78%/yr vs 0.35%/yr for FTNJ.
Performance
RTAI vs. FTNJ - Performance Comparison
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Returns By Period
In the year-to-date period, RTAI achieves a 2.45% return, which is significantly higher than FTNJ's 1.80% return.
RTAI
- 1D
- -0.33%
- 1M
- 1.63%
- YTD
- 2.45%
- 6M
- 2.47%
- 1Y
- 10.41%
- 3Y*
- 7.25%
- 5Y*
- -0.79%
- 10Y*
- —
FTNJ
- 1D
- -0.06%
- 1M
- 0.63%
- YTD
- 1.80%
- 6M
- 2.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RTAI vs. FTNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 2.45% | -0.08% |
FTNJ Franklin New Jersey Municipal Income ETF | 1.80% | 0.34% |
Correlation
The correlation between RTAI and FTNJ is 0.44, 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 Nov 11, 2025 | 0.44 |
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Return for Risk
RTAI vs. FTNJ — Risk / Return Rank
RTAI
FTNJ
RTAI vs. FTNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) and Franklin New Jersey Municipal Income ETF (FTNJ). 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.
| RTAI | FTNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | — | — |
| Martin ratioReturn relative to average drawdown | 6.90 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RTAI | FTNJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.17 | -1.00 |
Drawdowns
RTAI vs. FTNJ - Drawdown Comparison
The maximum RTAI drawdown since its inception was -34.32%, which is greater than FTNJ's maximum drawdown of -2.72%. Use the drawdown chart below to compare losses from any high point for RTAI and FTNJ.
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Drawdown Indicators
| RTAI | FTNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -2.72% | -31.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -0.20% | -7.44% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -0.61% | -13.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | — | — |
Volatility
RTAI vs. FTNJ - Volatility Comparison
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Volatility by Period
| RTAI | FTNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 3.35% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.34% | 3.35% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 3.35% | +5.70% |
RTAI vs. FTNJ - Expense Ratio Comparison
RTAI has a 3.78% expense ratio, which is higher than FTNJ's 0.35% expense ratio.
Dividends
RTAI vs. FTNJ - Dividend Comparison
RTAI's dividend yield for the trailing twelve months is around 5.05%, more than FTNJ's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FTNJ Franklin New Jersey Municipal Income ETF | 1.98% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RTAI Rareview Tax Advantaged Income ETF | 5.05% | 5.66% | 5.02% | 3.07% | 3.71% | 4.73% | 0.48% |
Frequently Asked Questions
RTAI and FTNJ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTNJ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTNJ is cheaper with a 0.35% expense ratio, compared with 3.78% for RTAI.
RTAI has the higher dividend yield at 5.05%, compared with 1.98% for FTNJ.
They also come from different issuers: Rareview Funds and Franklin Templeton. Their fees differ too: 3.78% for RTAI and 0.35% for FTNJ.
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