RVNU vs. HDEF

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF).

RVNU and HDEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RVNU is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive Municipal Infrastructure Revenue Bond Index. It was launched on Jun 4, 2013. HDEF is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI EAFE High Dividend Yield US Dollar Hedged Index. It was launched on Aug 12, 2015. Both RVNU and HDEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RVNU vs. HDEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). The values are adjusted to include any dividend payments, if applicable.

RVNU vs. HDEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF	1.36%	0.58%	1.46%	11.19%	-16.60%	2.28%	6.54%	10.16%	-0.56%	8.24%
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	5.22%	33.01%	2.85%	18.53%	-2.51%	6.95%	-1.90%	25.02%	-13.74%	9.89%

Returns By Period

In the year-to-date period, RVNU achieves a 1.36% return, which is significantly lower than HDEF's 5.22% return. Over the past 10 years, RVNU has underperformed HDEF with an annualized return of 1.93%, while HDEF has yielded a comparatively higher 8.88% annualized return.

RVNU

• 1D: 0.36%
• 1M: -0.87%
• YTD: 1.36%
• 6M: 2.16%
• 1Y: 2.94%
• 3Y*: 2.82%
• 5Y*: -0.24%
• 10Y*: 1.93%

HDEF

• 1D: 0.15%
• 1M: -2.98%
• YTD: 5.22%
• 6M: 10.37%
• 1Y: 24.35%
• 3Y*: 16.78%
• 5Y*: 11.20%
• 10Y*: 8.88%

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

RVNU vs. HDEF - Expense Ratio Comparison

RVNU has a 0.15% expense ratio, which is lower than HDEF's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

HDEF

Xtrackers MSCI EAFE High Dividend Yield Equity ETF

RVNU

Xtrackers Municipal Infrastructure Revenue Bond ETF

Return for Risk

RVNU vs. HDEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RVNU

RVNU Risk / Return Rank: 22
RVNU Sharpe Ratio Rank: 22
RVNU Sortino Ratio Rank: 19
RVNU Omega Ratio Rank: 21
RVNU Calmar Ratio Rank: 26
RVNU Martin Ratio Rank: 22

HDEF

HDEF Risk / Return Rank: 84
HDEF Sharpe Ratio Rank: 83
HDEF Sortino Ratio Rank: 83
HDEF Omega Ratio Rank: 85
HDEF Calmar Ratio Rank: 85
HDEF Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RVNU vs. HDEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). 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	HDEF	Difference
Sharpe ratio Return per unit of total volatility	0.37	1.69	-1.31
Sortino ratio Return per unit of downside risk	0.53	2.26	-1.73
Omega ratio Gain probability vs. loss probability	1.08	1.35	-0.27
Calmar ratio Return relative to maximum drawdown	0.65	2.62	-1.97
Martin ratio Return relative to average drawdown	1.55	10.05	-8.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RVNU vs. HDEF - Sharpe Ratio Comparison

The current RVNU Sharpe Ratio is 0.37, which is lower than the HDEF Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of RVNU and HDEF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RVNU	HDEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	1.69	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.80	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.55	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.46	-0.09

Correlation

The correlation between RVNU and HDEF is 0.05, 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.

Dividends

RVNU vs. HDEF - Dividend Comparison

RVNU's dividend yield for the trailing twelve months is around 3.53%, less than HDEF's 3.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF	3.53%	3.46%	3.06%	2.79%	2.81%	2.18%	2.43%	2.75%	2.76%	2.49%	2.72%	3.01%
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	3.60%	3.88%	4.53%	4.38%	5.41%	4.76%	3.93%	4.20%	3.55%	3.38%	9.53%	1.87%

Drawdowns

RVNU vs. HDEF - Drawdown Comparison

The maximum RVNU drawdown since its inception was -23.51%, smaller than the maximum HDEF drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for RVNU and HDEF.

Drawdown Indicators

	RVNU	HDEF	Difference
Max Drawdown Largest peak-to-trough decline	-23.51%	-36.43%	+12.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-9.28%	+3.16%
Max Drawdown (5Y) Largest decline over 5 years	-23.51%	-23.63%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-23.51%	-36.43%	+12.92%
Current Drawdown Current decline from peak	-5.01%	-4.57%	-0.44%
Average Drawdown Average peak-to-trough decline	-4.99%	-5.07%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.43%	+0.14%

Volatility

RVNU vs. HDEF - Volatility Comparison

The current volatility for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) is 2.09%, while Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) has a volatility of 4.91%. This indicates that RVNU experiences smaller price fluctuations and is considered to be less risky than HDEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVNU	HDEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.09%	4.91%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	8.52%	-5.02%
Volatility (1Y) Calculated over the trailing 1-year period	7.94%	14.52%	-6.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	14.10%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.30%	16.21%	-8.91%