RVNU vs. VTEB
Compare and contrast key facts about Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Vanguard Tax-Exempt Bond ETF (VTEB).
RVNU and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RVNU is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive Municipal Infrastructure Revenue Bond Index. It was launched on Jun 4, 2013. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015. Both RVNU and VTEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RVNU or VTEB.
Key characteristics
| RVNU | VTEB | |
|---|---|---|
| YTD Return | 2.83% | 1.60% |
| 1Y Return | 11.91% | 7.56% |
| 3Y Return (Ann) | -1.42% | -0.17% |
| 5Y Return (Ann) | 1.08% | 1.30% |
| Sharpe Ratio | 1.92 | 1.80 |
| Sortino Ratio | 2.95 | 2.67 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 0.75 | 0.88 |
| Martin Ratio | 9.81 | 7.97 |
| Ulcer Index | 1.20% | 0.90% |
| Daily Std Dev | 6.11% | 3.98% |
| Max Drawdown | -23.51% | -17.00% |
| Current Drawdown | -5.57% | -1.20% |
Correlation
The correlation between RVNU and VTEB is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RVNU vs. VTEB - Performance Comparison
In the year-to-date period, RVNU achieves a 2.83% return, which is significantly higher than VTEB's 1.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RVNU vs. VTEB - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is higher than VTEB'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%.
Risk-Adjusted Performance
RVNU vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
Dividends
RVNU vs. VTEB - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 2.93%, less than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 2.93% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.00% | 3.15% | 1.95% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
RVNU vs. VTEB - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for RVNU and VTEB. For additional features, visit the drawdowns tool.
Volatility
RVNU vs. VTEB - Volatility Comparison
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 2.87% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.96%. This indicates that RVNU's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.