MUST vs RVNU
Columbia Multi-Sector Municipal Income ETF vs Xtrackers Municipal Infrastructure Revenue Bond Active ETF
Which is better, MUST or RVNU?
Each has led over a different period.
RVNU has a lower expense ratio. MUST led over 5Y and the full window, RVNU over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MUST | RVNU |
|---|---|---|
| Expense Ratio | 0.23% | 0.15%Best |
| AUM | $509M | $131M |
| Dividend Yield | 3.59% | 3.84% |
| Holdings | 1,292 | 513 |
| YTD Return | -4.34% | -2.34%Best |
| 1Y Return | -2.87% | -2.40%Best |
| 3Y Return (annualized) | +2.83% | +3.67%Best |
| 5Y Return (annualized) | -0.37%Best | -1.20% |
| Volatility (annualized) | 6.2%Best | 9.1% |
| Max Drawdown | -13.8%Best | -23.5% |
| $10,000 over 5 years | $9,816Best | $9,414 |
| Fund Family | Columbia Threadneedle Investments | Xtrackers ETFs |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Oct 10, 2018 | Jun 4, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2018 to Oct 14, 2026 (8 years).
MUST vs RVNU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8 years both funds cover.
MUST vs RVNU Performance
Columbia Multi-Sector Municipal Income ETF (MUST) is an ETF from Columbia Threadneedle Investments and Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs. Over the past year MUST returned -2.87% while RVNU returned -2.40%. Year to date, MUST is down 4.34% versus a loss of 2.34% for RVNU.
Over three years, MUST compounded at +2.83% per year against +3.67% for RVNU; over five years the annualized figures are -0.37% and -1.20% respectively. Across the full 8-year window we track, MUST has the edge at +1.36% annualized vs +0.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 9.1% compared with 6.2% for MUST. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.8% for MUST and -23.5% for RVNU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MUST charges 0.23% per year while RVNU charges 0.15%. On a $10,000 position that is $23 vs $15 annually, a gap of $8 per year that compounds over a long holding period. On income, MUST currently yields 3.59% against 3.84% for RVNU.
Holdings Overlap
We hold position weights for 356 holdings in MUST and 115 in RVNU, totalling 52.2% and 35.5% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 26 positions appear in both.
26 positions in common, counted across the 356 positions we hold weights for in MUST and 115 in RVNU, against full books of 1,292 and 513.
Top Shared Holdings
| Stock | Weight in MUST | Weight in RVNU | Difference |
|---|---|---|---|
| TX DALAPT 5 11/01/20Dallas Fort Worth International Airport 5 11/01/2047 | 0.20% | 0.44% | 0.24% |
| NY TRBTRN 5 11/15/20Triborough Bridge And Tunnel Authority, New York, General Purpose Revenue Bonds, Mta Bridges & Tunnels, Refunding Series 2017b | 0.18% | 0.39% | 0.21% |
| NY MTATRN 4 11/15/20Metropolitan Transportation Authority New York Revenue 4.00 11/15/2045 | 0.48% | 0.08% | 0.40% |
| OH AMEPWR 5 02/15/20American Municipal Power Inc 5.0% 02/15/2037 | 0.17% | 0.38% | 0.21% |
| TX NRTTRN 4.12 01/01Tx Nrttrn 4.12 01/01/2039 | 0.18% | 0.35% | 0.17% |
| OH OHSWTR 5 06/01/20Ohio Water Development Authority 5 06/01/2046 | 0.27% | 0.17% | 0.10% |
| NJ NJSTRN 5 01/01/20New Jersey Tpk Aut 5 1/42 | 0.21% | 0.22% | 0.01% |
| TX AUSUTL 5 11/15/20Austin (city Of), Tx, Series 2020 C, Ref. Rb | 0.21% | 0.22% | 0.01% |
| UT INTPWR 5 07/01/20Intermountain Pwr Agy Utah Pwr 5% Jul 01, 2041 | 0.10% | 0.32% | 0.22% |
| CT CTSGEN 5 07/01/20Connecticut (State Of), Series 2023 A, Rb | 0.17% | 0.23% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of MUST and RVNU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MUST or RVNU?
MUST has an expense ratio of 0.23% while RVNU charges 0.15%. RVNU is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, MUST or RVNU?
Over the past year MUST returned -2.87% vs -2.40% for RVNU, so RVNU leads on 1-year performance. Over the longest common window we track (8 years), MUST annualized +1.36% vs +0.88% for RVNU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MUST or RVNU?
RVNU has been the more volatile fund at 9.1% annualized versus 6.2% for MUST. Worst drawdown: MUST -13.8% vs RVNU -23.5%.
Should I hold both MUST and RVNU?
MUST and RVNU have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, MUST or RVNU?
MUST yields 3.59% while RVNU yields 3.84%, so RVNU currently pays the higher dividend yield.
Is RVNU better than MUST?
RVNU has a lower expense ratio. MUST led over 5Y and the full window, RVNU over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.