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RVNU vs. VTEB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RVNU vs. VTEB

Last updated Jun 3, 2026

RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both Municipal Bonds funds - RVNU tracks the Solactive Municipal Infrastructure Revenue Bond Index while VTEB tracks the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 10 years, RVNU returned 1.91%/yr vs 2.10%/yr for VTEB. A 0.57 correlation means they provide meaningful diversification when combined. RVNU charges 0.15%/yr vs 0.05%/yr for VTEB.

Performance

RVNU vs. VTEB - Performance Comparison

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

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Returns By Period

In the year-to-date period, RVNU achieves a 3.76% return, which is significantly higher than VTEB's 1.52% return. Over the past 10 years, RVNU has underperformed VTEB with an annualized return of 1.91%, while VTEB has yielded a comparatively higher 2.10% annualized 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%

VTEB

1D
0.10%
1M
0.61%
YTD
1.52%
6M
1.95%
1Y
7.14%
3Y*
3.59%
5Y*
0.93%
10Y*
2.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RVNU vs. VTEB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VTEB
Vanguard Tax-Exempt Bond ETF		1.52%3.72%1.31%6.15%-7.99%1.14%5.19%7.35%1.04%4.87%

Correlation

The correlation between RVNU and VTEB is 0.56, 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2015

0.57

The correlation between RVNU and VTEB shifts across timeframes, from 0.56 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

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Xtrackers Municipal Infrastructure Revenue Bond ETF

Vanguard Tax-Exempt Bond ETF

Often compared with RVNU:
RVNU vs. ACTHXRVNU vs. FLTMXRVNU vs. HYMURVNU vs. VWITXRVNU vs. FHIGXRVNU vs. SGOVRVNU vs. HYMB
Often compared with VTEB:
VTEB vs. MUBVTEB vs. VTESVTEB vs. BNDVTEB vs. VWIUXVTEB vs. VTEIVTEB vs. VWAHXVTEB vs. VTEAX

Return for Risk

RVNU vs. VTEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RVNU
RVNU Risk / Return Rank: 6262
Overall Rank
RVNU Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
RVNU Sortino Ratio Rank: 6262
Sortino Ratio Rank
RVNU Omega Ratio Rank: 6060
Omega Ratio Rank
RVNU Calmar Ratio Rank: 7272
Calmar Ratio Rank
RVNU Martin Ratio Rank: 6161
Martin Ratio Rank
VTEB
VTEB Risk / Return Rank: 7272
Overall Rank
VTEB Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VTEB Sortino Ratio Rank: 8686
Sortino Ratio Rank
VTEB Omega Ratio Rank: 8989
Omega Ratio Rank
VTEB Calmar Ratio Rank: 5151
Calmar Ratio Rank
VTEB Martin Ratio Rank: 5353
Martin Ratio Rank
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. VTEB - Risk-Adjusted Trends 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.

RVNUVTEBDifference

Sharpe ratio

Return per unit of total volatility

1.96

2.64

-0.68

Sortino ratio

Return per unit of downside risk

2.94

3.92

-0.98

Omega ratio

Gain probability vs. loss probability

1.37

1.58

-0.21

Calmar ratio

Return relative to maximum drawdown

3.67

2.58

+1.09

Martin ratio

Return relative to average drawdown

10.95

9.21

+1.74

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. VTEB - Sharpe Ratio Comparison

The current RVNU Sharpe Ratio is 1.96, which is comparable to the VTEB Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of RVNU and VTEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

RVNUVTEBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.96

2.64

-0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.02

0.24

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.40

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.48

-0.09

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.

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Drawdown Indicators

RVNUVTEBDifference

Max Drawdown

Largest peak-to-trough decline

-23.51%

-17.00%

-6.51%

Max Drawdown (1Y)

Largest decline over 1 year

-2.46%

-2.71%

+0.25%

Max Drawdown (3Y)

Largest decline over 3 years

-10.35%

-5.53%

-4.82%

Max Drawdown (5Y)

Largest decline over 5 years

-23.51%

-12.64%

-10.87%

Max Drawdown (10Y)

Largest decline over 10 years

-23.51%

-17.00%

-6.51%

Current Drawdown

Current decline from peak

-2.76%

-0.46%

-2.30%

Average Drawdown

Average peak-to-trough decline

-4.98%

-2.33%

-2.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

0.76%

+0.07%

Volatility

RVNU vs. VTEB - Volatility Comparison

Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 1.44% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.90%. 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.

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Volatility by Period

RVNUVTEBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.44%

0.90%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

3.42%

2.03%

+1.39%

Volatility (1Y)

Calculated over the trailing 1-year period

5.20%

2.72%

+2.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.19%

3.90%

+3.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.28%

5.26%

+2.02%

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%.

Dividends

RVNU vs. VTEB - Dividend Comparison

RVNU's dividend yield for the trailing twelve months is around 3.51%, more than VTEB's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VTEB
Vanguard Tax-Exempt Bond ETF		3.35%3.29%3.14%2.79%2.09%1.64%1.99%2.30%2.25%1.96%1.66%0.58%

Frequently Asked Questions

RVNU and VTEB have a correlation of 0.56, 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 VTEB (0.90%). In terms of maximum drawdown, RVNU dropped -23.51% vs VTEB's -17.00%.

On 10-year performance, VTEB leads with 2.10% vs 1.91% for RVNU. On fees, VTEB is cheaper at 0.05% per year. On volatility, VTEB has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTEB has performed better with a 2.10% return vs 1.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTEB is cheaper with a 0.05% expense ratio, compared with 0.15% for RVNU.

RVNU has the higher dividend yield at 3.51%, compared with 3.35% for VTEB.

RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: Deutsche Bank and Vanguard. Their fees differ too: 0.15% for RVNU and 0.05% for VTEB.

VTEB currently has the higher Sharpe Ratio (2.64 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.

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