RVNU vs. MFLX
RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and MFLX (First Trust Flexible Municipal High Income ETF) are both Municipal Bonds funds. RVNU is passively managed, while MFLX is actively managed. Over the past 5 years, RVNU returned -0.18%/yr vs -0.01%/yr for MFLX. At a 0.27 correlation, their price movements are largely independent. RVNU charges 0.15%/yr vs 0.88%/yr for MFLX.
Performance
RVNU vs. MFLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RVNU achieves a 3.76% return, which is significantly higher than MFLX's 3.39% return.
RVNU
- 1D
- 0.08%
- 1M
- 1.22%
- YTD
- 3.76%
- 6M
- 3.09%
- 1Y
- 10.00%
- 3Y*
- 3.67%
- 5Y*
- -0.18%
- 10Y*
- 1.91%
MFLX
- 1D
- 0.12%
- 1M
- 1.48%
- YTD
- 3.39%
- 6M
- 3.96%
- 1Y
- 9.15%
- 3Y*
- 5.50%
- 5Y*
- -0.01%
- 10Y*
- —
RVNU vs. MFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.76% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | -0.56% | 8.24% |
MFLX First Trust Flexible Municipal High Income ETF | 3.39% | 3.94% | 3.74% | 8.98% | -19.94% | 8.43% | 7.19% | 16.89% | -4.66% | 5.57% |
Correlation
The correlation between RVNU and MFLX is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.27 |
Over the past year, RVNU and MFLX have become more correlated (0.51) than their long-term average of 0.27, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RVNU vs. MFLX — Risk / Return Rank
RVNU
MFLX
RVNU vs. MFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and First Trust Flexible Municipal High Income ETF (MFLX). 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 | MFLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 2.25 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.94 | 3.44 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.87 | +0.80 |
Martin ratioReturn relative to average drawdown | 10.95 | 11.58 | -0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RVNU | MFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.25 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.00 | -0.02 |
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 | 0.19 | +0.20 |
Drawdowns
RVNU vs. MFLX - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, smaller than the maximum MFLX drawdown of -26.76%. Use the drawdown chart below to compare losses from any high point for RVNU and MFLX.
Loading charts...
Drawdown Indicators
| RVNU | MFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -26.76% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.11% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | -8.18% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -25.88% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -3.72% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -8.17% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.77% | +0.06% |
Volatility
RVNU vs. MFLX - Volatility Comparison
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and First Trust Flexible Municipal High Income ETF (MFLX) have volatilities of 1.44% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RVNU | MFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.41% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 3.00% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 4.09% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 10.36% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 11.29% | -4.01% |
RVNU vs. MFLX - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is lower than MFLX's 0.88% expense ratio.
Dividends
RVNU vs. MFLX - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.51%, less than MFLX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFLX First Trust Flexible Municipal High Income ETF | 4.07% | 4.06% | 3.81% | 3.65% | 4.27% | 3.69% | 3.21% | 2.94% | 3.74% | 3.80% | 0.98% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.51% | 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 MFLX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.44%) compared to MFLX (1.41%). In terms of maximum drawdown, RVNU dropped -23.51% vs MFLX's -26.76%.
On 5-year performance, MFLX leads with -0.01% vs -0.18% for RVNU. On fees, RVNU is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MFLX has performed better with a -0.01% return vs -0.18%. 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 0.88% for MFLX.
MFLX has the higher dividend yield at 4.07%, compared with 3.51% for RVNU.
They also come from different issuers: Deutsche Bank and First Trust. Their fees differ too: 0.15% for RVNU and 0.88% for MFLX.
MFLX currently has the higher Sharpe Ratio (2.25 vs 1.96), 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.
Find the right allocation for RVNU and MFLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer