TMDV vs. RNIN

Last updated Jun 4, 2026

TMDV (ProShares Russell U.S. Dividend Growers ETF) and RNIN (Bushido Capital US SMID Cap Equity ETF) are both Mid Cap Value Equities funds. TMDV is passively managed, while RNIN is actively managed. Over the past year, TMDV returned 5.96% vs 28.56% for RNIN. A 0.63 correlation means they provide meaningful diversification when combined. TMDV charges 0.35%/yr vs 0.68%/yr for RNIN.

Performance

TMDV vs. RNIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Russell U.S. Dividend Growers ETF (TMDV) and Bushido Capital US SMID Cap Equity ETF (RNIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMDV achieves a 4.53% return, which is significantly lower than RNIN's 15.93% return.

TMDV

• 1D: -0.33%
• 1M: 0.05%
• YTD: 4.53%
• 6M: 4.29%
• 1Y: 5.96%
• 3Y*: 4.85%
• 5Y*: 2.41%
• 10Y*: —

RNIN

• 1D: -1.25%
• 1M: 1.27%
• YTD: 15.93%
• 6M: 14.64%
• 1Y: 28.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMDV vs. RNIN - Yearly Performance Comparison

	2026 (YTD)	2025
TMDV ProShares Russell U.S. Dividend Growers ETF	4.53%	1.59%
RNIN Bushido Capital US SMID Cap Equity ETF	15.93%	10.27%

Correlation

The correlation between TMDV and RNIN is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.63

The correlation between TMDV and RNIN has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

Return for Risk

TMDV vs. RNIN — Risk / Return Rank

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

TMDV

TMDV Risk / Return Rank: 16
TMDV Sharpe Ratio Rank: 16
TMDV Sortino Ratio Rank: 17
TMDV Omega Ratio Rank: 15
TMDV Calmar Ratio Rank: 17
TMDV Martin Ratio Rank: 16

RNIN

RNIN Risk / Return Rank: 70
RNIN Sharpe Ratio Rank: 58
RNIN Sortino Ratio Rank: 61
RNIN Omega Ratio Rank: 56
RNIN Calmar Ratio Rank: 88
RNIN Martin Ratio Rank: 86

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.

TMDV vs. RNIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) and Bushido Capital US SMID Cap Equity ETF (RNIN). 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.

	TMDV	RNIN	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.93	-1.44
Sortino ratio: Return per unit of downside risk	0.82	2.82	-2.00
Omega ratio: Gain probability vs. loss probability	1.09	1.34	-0.25
Calmar ratio: Return relative to maximum drawdown	0.61	5.04	-4.43
Martin ratio: Return relative to average drawdown	1.50	17.82	-16.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMDV vs. RNIN - Sharpe Ratio Comparison

The current TMDV Sharpe Ratio is 0.50, which is lower than the RNIN Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of TMDV and RNIN, 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

	TMDV	RNIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.93	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.78	-1.47

Drawdowns

TMDV vs. RNIN - Drawdown Comparison

The maximum TMDV drawdown since its inception was -33.42%, which is greater than RNIN's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for TMDV and RNIN.

Drawdown Indicators

	TMDV	RNIN	Difference
Max Drawdown Largest peak-to-trough decline	-33.42%	-5.70%	-27.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-5.70%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.11%	—	—
Current Drawdown Current decline from peak	-6.56%	-2.55%	-4.01%
Average Drawdown Average peak-to-trough decline	-5.43%	-1.24%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	1.61%	+2.38%

Volatility

TMDV vs. RNIN - Volatility Comparison

The current volatility for ProShares Russell U.S. Dividend Growers ETF (TMDV) is 2.97%, while Bushido Capital US SMID Cap Equity ETF (RNIN) has a volatility of 4.94%. This indicates that TMDV experiences smaller price fluctuations and is considered to be less risky than RNIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMDV	RNIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	4.94%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	10.50%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	14.87%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	14.97%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	14.97%	+3.67%

TMDV vs. RNIN - Expense Ratio Comparison

TMDV has a 0.35% expense ratio, which is lower than RNIN's 0.68% expense ratio.

Dividends

TMDV vs. RNIN - Dividend Comparison

TMDV's dividend yield for the trailing twelve months is around 2.62%, more than RNIN's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RNIN Bushido Capital US SMID Cap Equity ETF	0.76%	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TMDV ProShares Russell U.S. Dividend Growers ETF	2.62%	2.65%	2.70%	2.45%	2.46%	2.14%	2.28%	0.16%

Frequently Asked Questions

Can I hold both TMDV and RNIN in my portfolio?

TMDV and RNIN have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMDV or RNIN?

RNIN has higher volatility (4.94%) compared to TMDV (2.97%). In terms of maximum drawdown, TMDV dropped -33.42% vs RNIN's -5.70%.

Which ETF is better, TMDV or RNIN?

On 1-year performance, RNIN leads with 28.56% vs 5.96% for TMDV. On fees, TMDV is cheaper at 0.35% per year. On volatility, TMDV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TMDV or RNIN?

Over the 1-year period, RNIN has performed better with a 28.56% return vs 5.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TMDV or RNIN?

TMDV is cheaper with a 0.35% expense ratio, compared with 0.68% for RNIN.

Which ETF pays a higher dividend yield, TMDV or RNIN?

TMDV has the higher dividend yield at 2.62%, compared with 0.76% for RNIN.

What is the main difference between TMDV and RNIN?

They also come from different issuers: ProShares and Bushido. Their fees differ too: 0.35% for TMDV and 0.68% for RNIN.

Which has better risk-adjusted returns?

RNIN currently has the higher Sharpe Ratio (1.93 vs 0.50), 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.