PVI vs RVNU
Invesco Floating Rate Municipal Income ETF vs Xtrackers Municipal Infrastructure Revenue Bond Active ETF
Which is better, PVI or RVNU?
Each has led over a different period.
RVNU has a lower expense ratio. PVI led over 1Y and 5Y, RVNU over 3Y.
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 | PVI | RVNU |
|---|---|---|
| Expense Ratio | 0.25% | 0.15%Best |
| AUM | $34M | $131M |
| Dividend Yield | 2.21% | 3.84% |
| Holdings | 307 | 513 |
| YTD Return | +1.76%Best | -2.34% |
| 1Y Return | +2.28%Best | -2.40% |
| 3Y Return (annualized) | +2.60% | +3.67%Best |
| 5Y Return (annualized) | +2.11%Best | -1.20% |
| Volatility (annualized) | 0.6%Best | 8.1% |
| Max Drawdown | -1.2%Best | -23.5% |
| $10,000 over 5 years | $11,100Best | $9,414 |
| Fund Family | Invesco (US) | Xtrackers ETFs |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 15, 2007 | Jun 4, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2013 to Oct 14, 2026 (13.4 years).
PVI 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 13.4 years both funds cover.
PVI vs RVNU Performance
Invesco Floating Rate Municipal Income ETF (PVI) is an ETF from Invesco (US) and Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs. Over the past year PVI returned +2.28% while RVNU returned -2.40%. Year to date, PVI is up 1.76% versus a loss of 2.34% for RVNU.
Over three years, PVI compounded at +2.60% per year against +3.67% for RVNU; over five years the annualized figures are +2.11% and -1.20% respectively. Across the full 13-year window we track, PVI has the edge at +0.75% annualized vs +0.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 8.1% compared with 0.6% for PVI. 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 -1.2% for PVI 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 -0.16. They move largely independently of each other.
Fees and Cost Over Time
PVI charges 0.25% per year while RVNU charges 0.15%. On a $10,000 position that is $25 vs $15 annually, a gap of $10 per year that compounds over a long holding period. On income, PVI currently yields 2.21% against 3.84% for RVNU.
Holdings Overlap
We hold position weights for 66 holdings in PVI and 115 in RVNU, totalling 53.8% and 35.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 66 positions we hold weights for in PVI and 115 in RVNU, against full books of 307 and 513.
You are not choosing between two funds in isolation.
Whichever of PVI 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, PVI or RVNU?
PVI has an expense ratio of 0.25% while RVNU charges 0.15%. RVNU is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, PVI or RVNU?
Over the past year PVI returned +2.28% vs -2.40% for RVNU, so PVI leads on 1-year performance. Over the longest common window we track (13 years), PVI annualized +0.75% vs +0.75% for RVNU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PVI or RVNU?
RVNU has been the more volatile fund at 8.1% annualized versus 0.6% for PVI. Worst drawdown: PVI -1.2% vs RVNU -23.5%.
Should I hold both PVI and RVNU?
PVI and RVNU have a monthly-return correlation of -0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PVI or RVNU?
PVI yields 2.21% while RVNU yields 3.84%, so RVNU currently pays the higher dividend yield.
Is RVNU better than PVI?
RVNU has a lower expense ratio. PVI led over 1Y and 5Y, RVNU over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.