RVNU vs. RMCA

Last updated Jun 4, 2026

RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and RMCA (Rockefeller California Municipal Bond ETF) are both Municipal Bonds funds. RVNU is passively managed, while RMCA is actively managed. Over the past year, RVNU returned 9.62% vs 7.66% for RMCA. A 0.65 correlation means they provide meaningful diversification when combined. RVNU charges 0.15%/yr vs 0.55%/yr for RMCA.

Performance

RVNU vs. RMCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Rockefeller California Municipal Bond ETF (RMCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RVNU achieves a 3.71% return, which is significantly higher than RMCA's 2.53% 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%

RMCA

• 1D: 0.23%
• 1M: 0.85%
• YTD: 2.53%
• 6M: 2.48%
• 1Y: 7.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RVNU vs. RMCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF	3.71%	0.58%	-0.95%
RMCA Rockefeller California Municipal Bond ETF	2.53%	2.35%	-0.14%

Correlation

The correlation between RVNU and RMCA is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Aug 14, 2024	0.65

The correlation between RVNU and RMCA has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

RVNU vs. RMCA — Risk / Return Rank

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

RVNU

RVNU Risk / Return Rank: 63
RVNU Sharpe Ratio Rank: 56
RVNU Sortino Ratio Rank: 59
RVNU Omega Ratio Rank: 57
RVNU Calmar Ratio Rank: 77
RVNU Martin Ratio Rank: 65

RMCA

RMCA Risk / Return Rank: 62
RMCA Sharpe Ratio Rank: 59
RMCA Sortino Ratio Rank: 65
RMCA Omega Ratio Rank: 70
RMCA Calmar Ratio Rank: 60
RMCA Martin Ratio Rank: 56

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. RMCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Rockefeller California Municipal Bond ETF (RMCA). 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	RMCA	Difference
Sharpe ratio Return per unit of total volatility	1.89	2.05	-0.16
Sortino ratio Return per unit of downside risk	2.83	3.08	-0.24
Omega ratio Gain probability vs. loss probability	1.36	1.43	-0.08
Calmar ratio Return relative to maximum drawdown	3.92	3.01	+0.91
Martin ratio Return relative to average drawdown	11.69	10.00	+1.69
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. RMCA - Sharpe Ratio Comparison

The current RVNU Sharpe Ratio is 1.89, which is comparable to the RMCA Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of RVNU and RMCA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RVNU	RMCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.05	-0.16
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	0.49	-0.10

Drawdowns

RVNU vs. RMCA - Drawdown Comparison

The maximum RVNU drawdown since its inception was -23.51%, which is greater than RMCA's maximum drawdown of -5.95%. Use the drawdown chart below to compare losses from any high point for RVNU and RMCA.

Drawdown Indicators

	RVNU	RMCA	Difference
Max Drawdown Largest peak-to-trough decline	-23.51%	-5.95%	-17.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-2.35%	-0.11%
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 Drawdown Current decline from peak	-2.80%	0.00%	-2.80%
Average Drawdown Average peak-to-trough decline	-4.98%	-1.64%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.71%	+0.12%

Volatility

RVNU vs. RMCA - Volatility Comparison

Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 1.42% compared to Rockefeller California Municipal Bond ETF (RMCA) at 1.13%. This indicates that RVNU's price experiences larger fluctuations and is considered to be riskier than RMCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVNU	RMCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	1.13%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	3.41%	2.50%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	5.12%	3.80%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.19%	5.39%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.27%	5.39%	+1.88%

RVNU vs. RMCA - Expense Ratio Comparison

RVNU has a 0.15% expense ratio, which is lower than RMCA's 0.55% expense ratio.

Dividends

RVNU vs. RMCA - Dividend Comparison

RVNU's dividend yield for the trailing twelve months is around 3.52%, less than RMCA's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RMCA Rockefeller California Municipal Bond ETF	4.35%	4.51%	1.20%	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	3.52%	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

Can I hold both RVNU and RMCA in my portfolio?

RVNU and RMCA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVNU or RMCA?

RVNU has higher volatility (1.42%) compared to RMCA (1.13%). In terms of maximum drawdown, RVNU dropped -23.51% vs RMCA's -5.95%.

Which ETF is better, RVNU or RMCA?

On 1-year performance, RVNU leads with 9.62% vs 7.66% for RMCA. On fees, RVNU is cheaper at 0.15% per year. On volatility, RMCA has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVNU or RMCA?

Over the 1-year period, RVNU has performed better with a 9.62% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVNU or RMCA?

RVNU is cheaper with a 0.15% expense ratio, compared with 0.55% for RMCA.

Which ETF pays a higher dividend yield, RVNU or RMCA?

RMCA has the higher dividend yield at 4.35%, compared with 3.52% for RVNU.

What is the main difference between RVNU and RMCA?

They also come from different issuers: Deutsche Bank and Rockefeller. Their fees differ too: 0.15% for RVNU and 0.55% for RMCA.

Which has better risk-adjusted returns?

RMCA currently has the higher Sharpe Ratio (2.05 vs 1.89), 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.