RVNU vs. ACTHX
RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and ACTHX (Invesco High Yield Municipal Fund) are both funds - RVNU is a Municipal Bonds fund tracking the Solactive Municipal Infrastructure Revenue Bond Index, while ACTHX is a High Yield Muni fund managed by Invesco. Over the past 10 years, RVNU returned 1.77%/yr vs 2.66%/yr for ACTHX. At a 0.45 correlation, their price movements are largely independent. RVNU charges 0.15%/yr vs 1.39%/yr for ACTHX.
Performance
RVNU vs. ACTHX - Performance Comparison
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Returns By Period
In the year-to-date period, RVNU achieves a 4.08% return, which is significantly higher than ACTHX's 2.88% return. Over the past 10 years, RVNU has underperformed ACTHX with an annualized return of 1.77%, while ACTHX has yielded a comparatively higher 2.66% annualized return.
RVNU
- 1D
- -0.11%
- 1M
- 1.92%
- YTD
- 4.08%
- 6M
- 4.15%
- 1Y
- 8.86%
- 3Y*
- 3.26%
- 5Y*
- -0.19%
- 10Y*
- 1.77%
ACTHX
- 1D
- 0.00%
- 1M
- 2.16%
- YTD
- 2.88%
- 6M
- 3.34%
- 1Y
- 7.88%
- 3Y*
- 4.49%
- 5Y*
- 0.63%
- 10Y*
- 2.66%
RVNU vs. ACTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.08% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | -0.56% | 8.24% |
ACTHX Invesco High Yield Municipal Fund | 2.88% | 4.38% | 5.54% | 4.34% | -13.94% | 6.29% | 3.25% | 10.12% | 1.44% | 9.10% |
Correlation
The correlation between RVNU and ACTHX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.45 |
The correlation between RVNU and ACTHX shifts across timeframes, from 0.45 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RVNU vs. ACTHX — Risk / Return Rank
RVNU
ACTHX
RVNU vs. ACTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Invesco High Yield Municipal Fund (ACTHX). 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.
| RVNU | ACTHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.51 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.71 | +0.91 |
| Martin ratioReturn relative to average drawdown | 10.81 | 8.84 | +1.96 |
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Drawdowns
RVNU vs. ACTHX - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for RVNU and ACTHX.
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Drawdown Indicators
| RVNU | ACTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -27.29% | +3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.98% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | -10.13% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -19.83% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | -19.83% | -3.68% |
Current DrawdownCurrent decline from peak | -2.46% | 0.00% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -3.55% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.91% | -0.09% |
Volatility
RVNU vs. ACTHX - Volatility Comparison
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 1.18% compared to Invesco High Yield Municipal Fund (ACTHX) at 1.00%. This indicates that RVNU's price experiences larger fluctuations and is considered to be riskier than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RVNU | ACTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.00% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.68% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 3.79% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 5.73% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 5.39% | +1.87% |
RVNU vs. ACTHX - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Dividends
RVNU vs. ACTHX - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.50%, less than ACTHX's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.32% | 7.14% | 5.64% | 4.22% | 4.72% | 3.95% | 4.33% | 4.70% | 4.78% | 4.71% | 5.11% | 4.93% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.50% | 3.46% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% |
Frequently Asked Questions
RVNU and ACTHX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.18%) compared to ACTHX (1.00%). In terms of maximum drawdown, RVNU dropped -23.51% vs ACTHX's -27.29%.
ACTHX currently has the higher Sharpe Ratio (2.14 vs 1.79), 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.
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