TMB vs. RJVI

Last updated Jun 25, 2026

TMB (Thornburg Multi Sector Bond ETF) and RJVI (RJ Eagle Vertical Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. TMB charges 0.55%/yr vs 0.51%/yr for RJVI.

Performance

TMB vs. RJVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg Multi Sector Bond ETF (TMB) and RJ Eagle Vertical Income ETF (RJVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TMB

• 1D: 0.16%
• 1M: 0.68%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RJVI

• 1D: 0.22%
• 1M: 0.50%
• YTD: 2.32%
• 6M: 2.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMB vs. RJVI - Yearly Performance Comparison

	2026 (YTD)
TMB Thornburg Multi Sector Bond ETF	0.68%
RJVI RJ Eagle Vertical Income ETF	0.50%

Correlation

The correlation between TMB and RJVI is 0.72, 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 May 26, 2026	0.72

Return for Risk

TMB vs. RJVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg Multi Sector Bond ETF (TMB) and RJ Eagle Vertical Income ETF (RJVI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

TMB vs. RJVI - Drawdown Comparison

The maximum TMB drawdown since its inception was -0.59%, smaller than the maximum RJVI drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for TMB and RJVI.

Drawdown Indicators

	TMB	RJVI	Difference
Max Drawdown Largest peak-to-trough decline	-0.59%	-3.12%	+2.53%
Current Drawdown Current decline from peak	-0.14%	-0.86%	+0.72%
Average Drawdown Average peak-to-trough decline	-0.17%	-1.03%	+0.86%

Volatility

Volatility by Period

	TMB	RJVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	4.16%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.52%	4.16%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.52%	4.16%	-0.64%

TMB vs. RJVI - Expense Ratio Comparison

TMB has a 0.55% expense ratio, which is higher than RJVI's 0.51% expense ratio.

Dividends

TMB vs. RJVI - Dividend Comparison

TMB's dividend yield for the trailing twelve months is around 0.36%, less than RJVI's 2.60% yield.

Position	TTM	2025
RJVI RJ Eagle Vertical Income ETF	2.60%	0.93%
TMB Thornburg Multi Sector Bond ETF	0.36%	0.00%

Frequently Asked Questions

Can I hold both TMB and RJVI in my portfolio?

TMB and RJVI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMB or RJVI?

On fees, RJVI is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMB or RJVI?

RJVI is cheaper with a 0.51% expense ratio, compared with 0.55% for TMB.

Which ETF pays a higher dividend yield, TMB or RJVI?

RJVI has the higher dividend yield at 2.60%, compared with 0.36% for TMB.

What is the main difference between TMB and RJVI?

They also come from different issuers: Thornburg and Carillon Tower Advisers. Their fees differ too: 0.55% for TMB and 0.51% for RJVI.