RVNU vs. TAXI
RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) are both Municipal Bonds funds - RVNU tracks the Solactive Municipal Infrastructure Revenue Bond Index while TAXI tracks the ICE Intermediate Term Focused Municipal Bond Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. RVNU charges 0.15%/yr vs 0.05%/yr for TAXI.
Performance
RVNU vs. TAXI - 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 TAXI's 0.98% 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%
TAXI
- 1D
- -0.08%
- 1M
- 0.89%
- YTD
- 0.98%
- 6M
- 1.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNU vs. TAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 4.08% | 5.43% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 0.98% | 3.35% |
Correlation
The correlation between RVNU and TAXI 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 (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.51 |
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Return for Risk
RVNU vs. TAXI — Risk / Return Rank
RVNU
TAXI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RVNU vs. TAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI). 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 | TAXI | 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. TAXI - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, which is greater than TAXI's maximum drawdown of -2.23%. Use the drawdown chart below to compare losses from any high point for RVNU and TAXI.
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Drawdown Indicators
| RVNU | TAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -2.23% | -21.28% |
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% | -0.76% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -0.48% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | — | — |
Volatility
RVNU vs. TAXI - Volatility Comparison
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Volatility by Period
| RVNU | TAXI | 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% | 1.89% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 1.89% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 1.89% | +5.37% |
RVNU vs. TAXI - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is higher than TAXI's 0.05% expense ratio. However, 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. TAXI - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.50%, more than TAXI's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 2.00% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RVNU and TAXI 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.
On fees, TAXI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXI is cheaper with a 0.05% expense ratio, compared with 0.15% for RVNU.
RVNU has the higher dividend yield at 3.50%, compared with 2.00% for TAXI.
RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index, while TAXI tracks ICE Intermediate Term Focused Municipal Bond Index. They also come from different issuers: Deutsche Bank and Northern Trust. Their fees differ too: 0.15% for RVNU and 0.05% for TAXI.
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