RJMI vs VOO
RJ Eagle Municipal Income ETF vs Vanguard S&P 500 ETF
Which is better, RJMI or VOO?
Municipal Bond against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
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 | RJMI | VOO |
|---|---|---|
| Expense Ratio | 0.41% | 0.03%Best |
| AUM | $37M | $1.0T |
| Dividend Yield | 3.34% | 1.06% |
| Holdings | 115 | 506 |
| YTD Return | -3.40% | +13.57%Best |
| 1Y Return | -2.03% | +17.55%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 6.0%Best | 13.2% |
| Max Drawdown | -7.1%Best | -8.9% |
| $10,000 over 1 years | $9,942 | $11,576Best |
| Fund Family | Raymond James Financial, Inc. | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Oct 2, 2025 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 2, 2025 to Oct 14, 2026 (1 years).
RJMI vs VOO 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 1 years both funds cover.
RJMI vs VOO Performance
RJ Eagle Municipal Income ETF (RJMI) is an ETF from Raymond James Financial, Inc. and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year RJMI returned -2.03% while VOO returned +17.55%. Year to date, RJMI is down 3.40% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 6.0% for RJMI. 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 -7.1% for RJMI and -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RJMI charges 0.41% per year while VOO charges 0.03%. On a $10,000 position that is $41 vs $3 annually, a gap of $38 per year that compounds over a long holding period. On income, RJMI currently yields 3.34% against 1.06% for VOO.
Holdings Overlap
We hold position weights for 22 holdings in RJMI and 504 in VOO, totalling 19.9% and 100.1% 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 22 positions we hold weights for in RJMI and 504 in VOO, against full books of 115 and 506.
You are not choosing between two funds in isolation.
Whichever of RJMI and VOO 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, RJMI or VOO?
RJMI has an expense ratio of 0.41% while VOO charges 0.03%. VOO is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, RJMI or VOO?
Over the past year RJMI returned -2.03% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), RJMI annualized -0.58% vs +15.76% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RJMI or VOO?
VOO has been the more volatile fund at 13.2% annualized versus 6.0% for RJMI. Worst drawdown: RJMI -7.1% vs VOO -8.9%.
Should I hold both RJMI and VOO?
RJMI and VOO have a monthly-return correlation of 0.43, 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, RJMI or VOO?
RJMI yields 3.34% while VOO yields 1.06%, so RJMI currently pays the higher dividend yield.
Is VOO better than RJMI?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.