RVER vs. VOTE

Last updated Aug 2, 2026

RVER (Trenchless Fund ETF) and VOTE (TCW Transform 500 ETF) are both Large Cap Blend Equities funds. RVER is actively managed, while VOTE is passively managed. Over the past year, RVER returned 12.45% vs 21.16% for VOTE. Their 0.77 correlation means they have sometimes moved together and sometimes differently. RVER charges 0.65%/yr vs 0.05%/yr for VOTE.

Performance

RVER vs. VOTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trenchless Fund ETF (RVER) and TCW Transform 500 ETF (VOTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RVER achieves a 9.01% return, which is significantly lower than VOTE's 10.03% return.

RVER

• 1D: 0.96%
• 1M: -2.55%
• 6M: 7.63%
• YTD: 9.01%
• 1Y: 12.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.49%

VOTE

• 1D: 0.53%
• 1M: -0.05%
• 6M: 8.71%
• YTD: 10.03%
• 1Y: 21.16%
• 3Y*: 19.65%
• 5Y*: 12.43%
• 10Y*: —
• ALL TIME*: 12.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RVER Trenchless Fund ETF	$328.24K	$287.25K	$279.54K
VOTE TCW Transform 500 ETF	$1.77M	$1.64M	$2.40M

RVER vs. VOTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RVER Trenchless Fund ETF	9.01%	5.68%	18.88%
VOTE TCW Transform 500 ETF	10.03%	17.95%	14.48%

Correlation

The correlation between RVER and VOTE is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.77

The correlation between RVER and VOTE has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.

RVER vs. VOTE - Sectors Allocation Comparison

Sectors	RVER	VOTE
Technology	58.4%	38.5%
Consumer Cyclical	18.6%	9.5%
Basic Materials	11.6%	1.7%
Industrials	10.5%	8.8%
Energy	7.8%	3.0%
Healthcare	7.8%	9.0%
Communication Services	5.5%	9.8%
Utilities	5.4%	2.1%
Financial Services	3.5%	11.5%
Consumer Defensive	-	4.4%
Real Estate	-	1.7%

Return for Risk

RVER vs. VOTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RVER

RVER Risk / Return Rank: 21
RVER Sharpe Ratio Rank: 21
RVER Sortino Ratio Rank: 22
RVER Omega Ratio Rank: 21
RVER Calmar Ratio Rank: 20
RVER Martin Ratio Rank: 20

VOTE

VOTE Risk / Return Rank: 64
VOTE Sharpe Ratio Rank: 63
VOTE Sortino Ratio Rank: 61
VOTE Omega Ratio Rank: 60
VOTE Calmar Ratio Rank: 60
VOTE Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RVER vs. VOTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trenchless Fund ETF (RVER) and TCW Transform 500 ETF (VOTE). 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.

	RVER	VOTE	Difference
Sharpe ratio: Return per unit of total volatility	0.44	1.47	-1.03
Sortino ratio: Return per unit of downside risk	0.80	2.05	-1.25
Omega ratio: Gain probability vs. loss probability	1.09	1.26	-0.17
Calmar ratio: Return relative to maximum drawdown	0.50	2.12	-1.62
Martin ratio: Return relative to average drawdown	1.26	8.96	-7.70

RVER vs. VOTE - Sharpe Ratio Comparison

The current RVER Sharpe Ratio is 0.44, which is lower than the VOTE Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of RVER and VOTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RVER vs. VOTE - Drawdown Comparison

The maximum RVER drawdown since its inception was -26.21%, roughly equal to the maximum VOTE drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for RVER and VOTE.

Drawdown Indicators

	RVER	VOTE	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-25.71%	-0.50%
Max Drawdown (1Y) Largest decline over 1 year	-21.61%	-9.10%	-12.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.71%	—
Current Drawdown Current decline from peak	-10.41%	-1.59%	-8.82%
Average Drawdown Average peak-to-trough decline	-6.11%	-6.01%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.54%	2.15%	+6.39%

Volatility

RVER vs. VOTE - Volatility Comparison

Trenchless Fund ETF (RVER) has a higher volatility of 8.55% compared to TCW Transform 500 ETF (VOTE) at 3.59%. This indicates that RVER's price experiences larger fluctuations and is considered to be riskier than VOTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVER	VOTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	3.59%	+4.96%
Volatility (6M) Calculated over the trailing 6-month period	20.01%	10.29%	+9.72%
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	13.11%	+11.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.42%	17.20%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.42%	17.08%	+9.34%

RVER vs. VOTE - Expense Ratio Comparison

RVER has a 0.65% expense ratio, which is higher than VOTE's 0.05% expense ratio.

Dividends

RVER vs. VOTE - Dividend Comparison

RVER's dividend yield for the trailing twelve months is around 1.56%, more than VOTE's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021
RVER Trenchless Fund ETF	1.56%	1.71%	0.00%	0.00%	0.00%	0.00%
VOTE TCW Transform 500 ETF	0.94%	1.03%	1.18%	1.33%	1.54%	0.54%

Frequently Asked Questions

Can I hold both RVER and VOTE in my portfolio?

RVER and VOTE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVER or VOTE?

RVER has higher volatility (8.55%) compared to VOTE (3.59%). In terms of maximum drawdown, RVER dropped -26.21% vs VOTE's -25.71%.

Which ETF is better, RVER or VOTE?

On 1-year performance, VOTE leads with 21.16% vs 12.45% for RVER. On fees, VOTE is cheaper at 0.05% per year. On volatility, VOTE has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVER or VOTE?

Over the 1-year period, VOTE has performed better with a 21.16% return vs 12.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVER or VOTE?

VOTE is cheaper with a 0.05% expense ratio, compared with 0.65% for RVER.

Which ETF pays a higher dividend yield, RVER or VOTE?

RVER has the higher dividend yield at 1.56%, compared with 0.94% for VOTE.

What is the main difference between RVER and VOTE?

They also come from different issuers: River1 and TCW. Their fees differ too: 0.65% for RVER and 0.05% for VOTE.

Which has better risk-adjusted returns?

VOTE currently has the higher Sharpe Ratio (1.47 vs 0.44), 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.