RVNU vs. HYDW
RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and HYDW (Xtrackers Low Beta High Yield Bond ETF) are both exchange-traded funds - RVNU is a Municipal Bonds fund tracking the Solactive Municipal Infrastructure Revenue Bond Index, while HYDW is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Low Beta Index. Both are passively managed. Over the past 5 years, RVNU returned -0.33%/yr vs 3.45%/yr for HYDW. At a 0.25 correlation, their price movements are largely independent. RVNU charges 0.15%/yr vs 0.20%/yr for HYDW.
Performance
RVNU vs. HYDW - Performance Comparison
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Returns By Period
In the year-to-date period, RVNU achieves a 4.58% return, which is significantly higher than HYDW's 1.35% return.
RVNU
- 1D
- 0.00%
- 1M
- 0.86%
- 6M
- 3.55%
- YTD
- 4.58%
- 1Y
- 10.18%
- 3Y*
- 3.35%
- 5Y*
- -0.33%
- 10Y*
- 1.84%
HYDW
- 1D
- -0.17%
- 1M
- 0.16%
- 6M
- 1.17%
- YTD
- 1.35%
- 1Y
- 5.17%
- 3Y*
- 6.86%
- 5Y*
- 3.45%
- 10Y*
- —
RVNU vs. HYDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.58% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | 0.21% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 1.35% | 8.47% | 5.42% | 9.84% | -7.86% | 2.77% | 5.51% | 11.44% | -1.15% |
Correlation
The correlation between RVNU and HYDW is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.25 |
The correlation between RVNU and HYDW shifts across timeframes, from 0.25 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RVNU vs. HYDW — Risk / Return Rank
RVNU
HYDW
RVNU vs. HYDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Xtrackers Low Beta High Yield Bond ETF (HYDW). 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 | HYDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 2.48 | +1.67 |
| Martin ratioReturn relative to average drawdown | 14.75 | 11.95 | +2.80 |
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Drawdowns
RVNU vs. HYDW - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, which is greater than HYDW's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for RVNU and HYDW.
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Drawdown Indicators
| RVNU | HYDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -17.75% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.09% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | -3.54% | -6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -12.68% | -10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -0.32% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -1.87% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.43% | +0.26% |
Volatility
RVNU vs. HYDW - Volatility Comparison
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 1.19% compared to Xtrackers Low Beta High Yield Bond ETF (HYDW) at 0.58%. This indicates that RVNU's price experiences larger fluctuations and is considered to be riskier than HYDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RVNU | HYDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.58% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 2.29% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 2.91% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 6.41% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.24% | 6.95% | +0.29% |
RVNU vs. HYDW - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is lower than HYDW'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%.
Dividends
RVNU vs. HYDW - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.52%, less than HYDW's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.75% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% | 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 HYDW have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.19%) compared to HYDW (0.58%). In terms of maximum drawdown, RVNU dropped -23.51% vs HYDW's -17.75%.
On 5-year performance, HYDW leads with 3.45% vs -0.33% for RVNU. On fees, RVNU is cheaper at 0.15% per year. On volatility, HYDW has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYDW has performed better with a 3.45% return vs -0.33%. 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 0.20% for HYDW.
HYDW has the higher dividend yield at 5.75%, compared with 3.52% for RVNU.
RVNU is categorized as Municipal Bonds, while HYDW is High Yield Bonds. RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index, while HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index. Their fees differ too: 0.15% for RVNU and 0.20% for HYDW.
RVNU currently has the higher Sharpe Ratio (2.09 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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