RVNU vs SCMB
Xtrackers Municipal Infrastructure Revenue Bond Active ETF vs Schwab Municipal Bond ETF
Which is better, RVNU or SCMB?
Nearly the same fund. SCMB costs less.
SCMB has a lower expense ratio. RVNU led over 3Y and the full window, SCMB over 1Y. The two have moved almost in lockstep, correlation 0.96.
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 | RVNU | SCMB |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $131M | $3.1B |
| Dividend Yield | 3.84% | 3.74% |
| Holdings | 513 | 7,278 |
| YTD Return | -2.34%Best | -3.06% |
| 1Y Return | -2.40% | -2.05%Best |
| 3Y Return (annualized) | +3.67%Best | +2.76% |
| 5Y Return (annualized) | -1.20% | - |
| Volatility (annualized) | 9.9% | 6.2%Best |
| Max Drawdown | -10.3% | -6.7%Best |
| $10,000 over 4 years | $11,308Best | $11,042 |
| Fund Family | Xtrackers ETFs | Charles Schwab Investment Mangement |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Jun 4, 2013 | Oct 11, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 12, 2022 to Oct 14, 2026 (4 years).
RVNU vs SCMB 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 4 years both funds cover.
RVNU vs SCMB Performance
Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs and Schwab Municipal Bond ETF (SCMB) is an ETF from Charles Schwab Investment Mangement. Over the past year RVNU returned -2.40% while SCMB returned -2.05%. Year to date, RVNU is down 2.34% versus a loss of 3.06% for SCMB.
Over three years, RVNU compounded at +3.67% per year against +2.76% for SCMB. Across the full 4-year window we track, RVNU has the edge at +3.12% annualized vs +2.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 9.9% compared with 6.2% for SCMB. 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 -10.3% for RVNU and -6.7% for SCMB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RVNU charges 0.15% per year while SCMB charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, RVNU currently yields 3.84% against 3.74% for SCMB.
Holdings Overlap
We hold position weights for 115 holdings in RVNU and 2,477 in SCMB, totalling 35.5% and 23.7% 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, 95 positions appear in both.
95 positions in common, counted across the 115 positions we hold weights for in RVNU and 2,477 in SCMB, against full books of 513 and 7,278.
Top Shared Holdings
| Stock | Weight in RVNU | Weight in SCMB | Difference |
|---|---|---|---|
| AZ SALAGR 5.25 01/01Salt River Project Agricultural Improvement & Power District 5.25 01-01-2053 | 1.95% | 0.01% | 1.94% |
| CA SFOAPT 5.25 05/01San Francisco Calif Ci 5.25 01May55 | 1.26% | 0.01% | 1.25% |
| FL MIATRN 5.25 10/01County Of Miami-Dade Fl Aviation Revenue 5.25 10/01/2055 | 1.07% | 0.01% | 1.06% |
| FL JACUTL 5.25 10/01Jea Water & Sewer System Revenue 5.25 10/01/2049 | 0.92% | 0.01% | 0.91% |
| NY TRBGEN 5.5 12/01/Triborough Ny Bridge Tunnel Trbgen 12/59 Fixed 5.5 | 0.75% | 0.06% | 0.69% |
| CA BAYTRN 5 04/01/20Bay Area Toll Authority 5 04/01/2041 | 0.76% | 0.00% | 0.76% |
| IL CHITRN 5.5 01/01/Chicago Il O'Hare Internationa 5.5 2059-01-01 | 0.74% | 0.01% | 0.73% |
| NY TRBTRN 5.25 05/15Triborough Bridge & Tunnel Authority 5.25 05/15/2047 | 0.74% | 0.01% | 0.73% |
| AZ AZSTRN 5 07/01/20Arizona Department Of Transportation State Highway Fund Revenue 5 07/01/2027 | 0.74% | 0.00% | 0.74% |
| NJ NJSTRN 5.25 01/01New Jersey St Turnpike Authority Tpk Rev 5.25 01/01/2052 | 0.74% | 0.00% | 0.74% |
You are not choosing between two funds in isolation.
Whichever of RVNU and SCMB 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, RVNU or SCMB?
RVNU has an expense ratio of 0.15% while SCMB charges 0.03%. SCMB is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, RVNU or SCMB?
Over the past year RVNU returned -2.40% vs -2.05% for SCMB, so SCMB leads on 1-year performance. Over the longest common window we track (4 years), RVNU annualized +3.12% vs +2.51% for SCMB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RVNU or SCMB?
RVNU has been the more volatile fund at 9.9% annualized versus 6.2% for SCMB. Worst drawdown: RVNU -10.3% vs SCMB -6.7%.
Should I hold both RVNU and SCMB?
RVNU and SCMB have a monthly-return correlation of 0.96, 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, RVNU or SCMB?
RVNU yields 3.84% while SCMB yields 3.74%, so RVNU currently pays the higher dividend yield.
Is SCMB better than RVNU?
SCMB has a lower expense ratio. RVNU led over 3Y and the full window, SCMB over 1Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.