RTAI vs. QVMS
Compare and contrast key facts about Rareview Tax Advantaged Income ETF (RTAI) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS).
RTAI and QVMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RTAI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020. QVMS is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600. It was launched on Jun 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RTAI or QVMS.
Key characteristics
| RTAI | QVMS | |
|---|---|---|
| YTD Return | 9.76% | 17.31% |
| 1Y Return | 23.01% | 40.06% |
| 3Y Return (Ann) | -3.82% | 4.34% |
| Sharpe Ratio | 2.60 | 1.86 |
| Sortino Ratio | 3.88 | 2.76 |
| Omega Ratio | 1.49 | 1.33 |
| Calmar Ratio | 0.76 | 2.01 |
| Martin Ratio | 14.25 | 11.10 |
| Ulcer Index | 1.53% | 3.46% |
| Daily Std Dev | 8.42% | 20.72% |
| Max Drawdown | -34.32% | -24.77% |
| Current Drawdown | -12.53% | -0.18% |
Correlation
The correlation between RTAI and QVMS is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RTAI vs. QVMS - Performance Comparison
In the year-to-date period, RTAI achieves a 9.76% return, which is significantly lower than QVMS's 17.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RTAI vs. QVMS - Expense Ratio Comparison
RTAI has a 3.78% expense ratio, which is higher than QVMS's 0.15% expense ratio.
Risk-Adjusted Performance
RTAI vs. QVMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS). 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.
Dividends
RTAI vs. QVMS - Dividend Comparison
RTAI's dividend yield for the trailing twelve months is around 4.65%, more than QVMS's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 4.65% | 3.06% | 3.71% | 4.73% | 0.47% |
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF | 1.21% | 1.51% | 1.58% | 0.64% | 0.00% |
Drawdowns
RTAI vs. QVMS - Drawdown Comparison
The maximum RTAI drawdown since its inception was -34.32%, which is greater than QVMS's maximum drawdown of -24.77%. Use the drawdown chart below to compare losses from any high point for RTAI and QVMS. For additional features, visit the drawdowns tool.
Volatility
RTAI vs. QVMS - Volatility Comparison
The current volatility for Rareview Tax Advantaged Income ETF (RTAI) is 2.94%, while Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) has a volatility of 7.66%. This indicates that RTAI experiences smaller price fluctuations and is considered to be less risky than QVMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.