RVNU vs TAFM
Xtrackers Municipal Infrastructure Revenue Bond Active ETF vs AB Tax-Aware Intermediate Municipal ETF
Which is better, RVNU or TAFM?
Nearly the same fund. RVNU costs less.
RVNU has a lower expense ratio. TAFM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | TAFM |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.28% |
| AUM | $131M | $1.0B |
| Dividend Yield | 3.84% | 3.85% |
| Holdings | 513 | 1,404 |
| YTD Return | -2.34%Best | -3.22% |
| 1Y Return | -2.40% | -2.29%Best |
| 3Y Return (annualized) | +3.67% | - |
| 5Y Return (annualized) | -1.20% | - |
| Volatility (annualized) | 6.0% | 4.5%Best |
| Max Drawdown | -9.8% | -6.6%Best |
| $10,000 over 2.8 years | $10,203 | $10,504Best |
| Fund Family | Xtrackers ETFs | AllianceBernstein L.P. |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Jun 4, 2013 | Dec 13, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
RVNU vs TAFM 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 2.8 years both funds cover.
RVNU vs TAFM Performance
Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs and AB Tax-Aware Intermediate Municipal ETF (TAFM) is an ETF from AllianceBernstein L.P.. Over the past year RVNU returned -2.40% while TAFM returned -2.29%. Year to date, RVNU is down 2.34% versus a loss of 3.22% for TAFM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 6.0% compared with 4.5% for TAFM. 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 -9.8% for RVNU and -6.6% for TAFM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 TAFM charges 0.28%. On a $10,000 position that is $15 vs $28 annually, a gap of $13 per year that compounds over a long holding period. On income, RVNU currently yields 3.84% against 3.85% for TAFM.
Holdings Overlap
We hold position weights for 115 holdings in RVNU and 234 in TAFM, totalling 35.5% and 28.8% 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, 22 positions appear in both.
22 positions in common, counted across the 115 positions we hold weights for in RVNU and 234 in TAFM, against full books of 513 and 1,404.
Top Shared Holdings
| Stock | Weight in RVNU | Weight in TAFM | Difference |
|---|---|---|---|
| KY KYSPWR 06/01/2055Kentucky Inc Ky Pub Energy Aut 5.25% Dec 01, 2029 | 0.75% | 0.13% | 0.62% |
| NY TRBTRN 5.25 05/15Triborough Bridge & Tunnel Authority 5.25 05/15/2047 | 0.74% | 0.12% | 0.62% |
| CA SFOAPT 5.5 05/01/San Francisco Calif Cit 5.5 01May55 | 0.44% | 0.20% | 0.24% |
| OH COLAPT 5.5 01/01/Columbus Ohio Regl Arpt 5.5 01Jan50 | 0.29% | 0.24% | 0.05% |
| IL CHITRN 5 12/01/20Chicago Transit Authority Sales Tax Receipts Fund 5 12/01/2052 | 0.11% | 0.41% | 0.30% |
| OH AMEPWR 5 02/15/20American Municipal Power Inc 5.0% 02/15/2037 | 0.38% | 0.13% | 0.25% |
| PA PHIUTL 5 11/01/20City Of Philadelphia Pa Water & Wastewater Revenue 5 11/01/2050 | 0.36% | 0.12% | 0.24% |
| DC METAPT 5 10/01/20Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding Series 2021A. | 0.42% | 0.03% | 0.39% |
| OR PTPAPT 4 07/01/20Port Portland Ore Airport Rev 4.00 07/01/2047 | 0.30% | 0.05% | 0.25% |
| NY LSLPWR 5 09/01/20Long Island Ny Pwr Auth Elec S Lslpwr 09/37 Fixed 5 | 0.21% | 0.12% | 0.09% |
You are not choosing between two funds in isolation.
Whichever of RVNU and TAFM 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 TAFM?
RVNU has an expense ratio of 0.15% while TAFM charges 0.28%. RVNU is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, RVNU or TAFM?
Over the past year RVNU returned -2.40% vs -2.29% for TAFM, so TAFM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RVNU or TAFM?
RVNU has been the more volatile fund at 6.0% annualized versus 4.5% for TAFM. Worst drawdown: RVNU -9.8% vs TAFM -6.6%.
Should I hold both RVNU and TAFM?
RVNU and TAFM have a monthly-return correlation of 0.95, 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 TAFM?
RVNU yields 3.84% while TAFM yields 3.85%, so TAFM currently pays the higher dividend yield.
Is TAFM better than RVNU?
RVNU has a lower expense ratio. TAFM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.