RVNU vs. APMU
RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and APMU (ActivePassive Intermediate Municipal Bond ETF) are both Municipal Bonds funds. RVNU is passively managed, while APMU is actively managed. Over the past 3 years, RVNU returned 3.65%/yr vs 3.03%/yr for APMU. A 0.60 correlation means they provide meaningful diversification when combined. RVNU charges 0.15%/yr vs 0.36%/yr for APMU.
Performance
RVNU vs. APMU - Performance Comparison
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Returns By Period
In the year-to-date period, RVNU achieves a 3.71% return, which is significantly higher than APMU's 0.44% return.
RVNU
- 1D
- -0.04%
- 1M
- 1.38%
- YTD
- 3.71%
- 6M
- 3.08%
- 1Y
- 9.62%
- 3Y*
- 3.65%
- 5Y*
- -0.23%
- 10Y*
- 1.90%
APMU
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 0.44%
- 6M
- 0.72%
- 1Y
- 4.28%
- 3Y*
- 3.03%
- 5Y*
- —
- 10Y*
- —
RVNU vs. APMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.71% | 0.58% | 1.46% | 4.18% |
APMU ActivePassive Intermediate Municipal Bond ETF | 0.44% | 4.50% | 0.86% | 1.24% |
Correlation
The correlation between RVNU and APMU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 4, 2023 | 0.60 |
The correlation between RVNU and APMU shifts across timeframes, from 0.41 (1 year) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RVNU vs. APMU — Risk / Return Rank
RVNU
APMU
RVNU vs. APMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and ActivePassive Intermediate Municipal Bond ETF (APMU). 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.
| RVNU | APMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.79 | +2.13 |
| Martin ratioReturn relative to average drawdown | 11.69 | 5.30 | +6.38 |
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
| RVNU | APMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.81 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.82 | -0.43 |
Drawdowns
RVNU vs. APMU - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, which is greater than APMU's maximum drawdown of -4.39%. Use the drawdown chart below to compare losses from any high point for RVNU and APMU.
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Drawdown Indicators
| RVNU | APMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -4.39% | -19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.40% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | -3.41% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -1.17% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -0.93% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.81% | +0.02% |
Volatility
RVNU vs. APMU - Volatility Comparison
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 1.42% compared to ActivePassive Intermediate Municipal Bond ETF (APMU) at 0.75%. This indicates that RVNU's price experiences larger fluctuations and is considered to be riskier than APMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RVNU | APMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.75% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 1.68% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 2.37% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 2.81% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.27% | 2.81% | +4.46% |
RVNU vs. APMU - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is lower than APMU's 0.36% expense ratio.
Dividends
RVNU vs. APMU - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.52%, more than APMU's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APMU ActivePassive Intermediate Municipal Bond ETF | 2.66% | 2.63% | 2.42% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.52% | 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 APMU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.42%) compared to APMU (0.75%). In terms of maximum drawdown, RVNU dropped -23.51% vs APMU's -4.39%.
On 3-year performance, RVNU leads with 3.65% vs 3.03% for APMU. On fees, RVNU is cheaper at 0.15% per year. On volatility, APMU has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RVNU has performed better with a 3.65% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RVNU is cheaper with a 0.15% expense ratio, compared with 0.36% for APMU.
RVNU has the higher dividend yield at 3.52%, compared with 2.66% for APMU.
They also come from different issuers: Deutsche Bank and ActivePassive. Their fees differ too: 0.15% for RVNU and 0.36% for APMU.
RVNU currently has the higher Sharpe Ratio (1.89 vs 1.81), 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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