RVNU vs. MMMA
RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both Municipal Bonds funds. RVNU is passively managed, while MMMA is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. RVNU charges 0.15%/yr vs 0.35%/yr for MMMA.
Performance
RVNU vs. MMMA - 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 MMMA's 3.45% 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%
MMMA
- 1D
- -0.09%
- 1M
- 1.64%
- YTD
- 3.45%
- 6M
- 3.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNU vs. MMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.08% | 0.04% |
MMMA NYLI MacKay Muni Allocation ETF | 3.45% | 0.35% |
Correlation
The correlation between RVNU and MMMA is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.66 |
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Return for Risk
RVNU vs. MMMA — Risk / Return Rank
RVNU
MMMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RVNU vs. MMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and NYLI MacKay Muni Allocation ETF (MMMA). 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 | MMMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | — | — |
| Martin ratioReturn relative to average drawdown | 10.81 | — | — |
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Drawdowns
RVNU vs. MMMA - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, which is greater than MMMA's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for RVNU and MMMA.
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Drawdown Indicators
| RVNU | MMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -2.79% | -20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | — | — |
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 | -2.46% | -0.09% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -0.55% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | — | — |
Volatility
RVNU vs. MMMA - Volatility Comparison
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Volatility by Period
| RVNU | MMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 4.04% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 4.04% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 4.04% | +3.22% |
RVNU vs. MMMA - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is lower than MMMA's 0.35% expense ratio.
Dividends
RVNU vs. MMMA - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.50%, more than MMMA's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMMA NYLI MacKay Muni Allocation ETF | 1.95% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MMMA have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RVNU is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RVNU is cheaper with a 0.15% expense ratio, compared with 0.35% for MMMA.
RVNU has the higher dividend yield at 3.50%, compared with 1.95% for MMMA.
They also come from different issuers: Deutsche Bank and NYLI. Their fees differ too: 0.15% for RVNU and 0.35% for MMMA.
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