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ETFs

Rareview Tax Advantaged Income ETF

RTAI
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 21 2020
Expense Ratio
2.76%
Type
US Closed End Funds
Fund Owner
Rareview Funds
Volume (1m avg. daily)
$18,559
AUM
$19,786,970
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NZF
NUVEEN MUNICIPAL CREDIT I
13.94%
NVG
NUVEEN ENH AMT-FR MUNI CR FD
13.70%
NAD
NUVEEN QUAL MUNI INCOME FD
13.07%
MYD
BLACKROCK MUNIYIELD FUND
12.90%
MYI
BLACKROCK MUNIYIELD QUALITY
9.44%
IQI
INVESCO QUALITY MUNI INC TR
8.60%
VKQ
INVESCO MUNICIPAL TRUST
8.48%
BLE
BLACKROCK MUNICIPAL INCOME
7.30%
MQY
BlackRock MuniYield Quality Fund Inc
7.24%
NEA
NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
4.17%
Invest with RTAI

What is RTAI?

The Fund is an actively managed exchange-traded fund (ETF). The Fund seeks to achieve its investment objective principally through investments in closed-end funds. Under normal market conditions, the Fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions.

ETFs related toRTAI

ETFs correlated to RTAI include PYLD, SCMB, HYD

RTAI
Collaborative Investment Series Trust - Rareview Tax Advantaged Income ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

RTAI is a US Closed End Funds ETF. The Fund is an actively managed exchange-traded fund (ETF). The Fund seeks to achieve its investment objective principally through investments in closed-end funds. Under normal market conditions, the Fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions.

Yes, RTAI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, RTAI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RTAI is -0.0412%. This is the percent change in the value of RTAI over the most recent 1-month period. The 3-month return on RTAI is -0.0797%. This is the percent change in the value of RTAI over the most recent 3-month period.

The standard deviation of RTAI for the past year is 0.1081%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RTAI include AOR, DRSK, and FPEI.

ETFs correlated to RTAI include PYLD, SCMB, and HYD.

ETFs that are inversely correlated to RTAI include TBX, PST, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.