RDFIvsFMUBETF Comparison
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Rareview Dynamic Fixed Income ETF (RDFI) belongs to the Intl Aggregate Bonds segment. Fidelity Municipal Bond Opportunities ETF (FMUB) is part of the Municipal Bonds segment. RDFI's top 2 sector exposures are Non-Corporate and Finance. In contrast, FMUB's top sector exposures are Municipal and Non-Corporate. RDFI is more expensive with a Total Expense Ratio (TER) of 4.23%, versus 0.3% for FMUB. RDFI is up 2.51% year-to-date (YTD) with +$27M in YTD flows. FMUB performs worse with 0.53% YTD performance, and +$111M in YTD flows. Run a side-by-side ETF comparison of RDFI and FMUB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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RDFI vs FMUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RDFI FMUB | -0.08%-0.43% | +0.64%-1.26% | +2.51%+0.53% | +5.23%+4.10% | +34.88%n/a | +11.58%n/a |
| Flows | RDFI FMUB | +$4M+$14M | +$9M+$48M | +$27M+$111M | +$32M+$136M | +$49M- | +$42M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RDFI FMUB | +5.33%+2.45% | +6.85%+2.37% | +7.48%n/a | +7.86%n/a |
| Max drawdown | RDFI FMUB | -1.90%-1.91% | -7.38%-2.57% | -7.75%n/a | -24.01%n/a |
| Max drawdown duration | RDFI FMUB | 49d58d | 184d115d | 71dn/a | 1078dn/a |
Trading data
RDFI | FMUB | |
Last sale 9/3/2026 at 2:57 PM | $23.06 | $49.98 |
| Previous close 09/02/2026 | $22.89 | $49.85 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 2:57 PM
Live
Closed
RDFI | FMUB | |
|---|---|---|
| Last price | $23.06 | $49.98 |
| 1D performance | +0.74% | +0.26% |
| AuM | $86.86 M | $255.10 M |
| E/R | 4.23% | 0.3% |
Characteristics
RDFI | FMUB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Rareview Capital | Fidelity |
| Benchmark | - | - |
| N° of holdings | 12 | 163 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2020 | April 8, 2025 |
| ESG | No | No |
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Exposure
Countries
RDFI
USA
30.92%
Other
69.08%
FMUB
USA
37.88%
Other
62.12%
Sectors
RDFI
Non-Corporate
28.24%
Other
71.76%
FMUB
Municipal
27.48%
Non-Corporate
10.4%
Other
62.12%
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Diversification
RDFI
Total weight of top 15 holdings out of 15
63.47%
FMUB
Total weight of top 15 holdings out of 15
21.9%
Top 15 holdings
Data as of July 31, 2026
RDFI
US19423L3915
6.19%
US6174771047
6.02%
US0925081004
5.13%
US8801921094
4.92%
abrdn Asia Pacific Income Fund Inc.
4.67%
BlackRock Corporate High Yield Fund, Inc.
4.63%
US1128301041
4.35%
Western Asset Emerging Markets Debt Fund, Inc.
3.98%
US25862D1054
3.92%
Western Asset High Income Opportunity Fund, Inc.
3.90%
US09253N1046
3.78%
US19248C1053
3.67%
US33718W1036
2.88%
US61744H1059
2.77%
KKR Income Opportunities Fund
2.68%
FMUB
Fidelity Municipal Cash Central Fund
10.40%
US54659LDS07
1.78%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.98%
US56035DJJ28
0.86%
US23503CFM47
0.82%
San Antonio Electric and Gas Systems, FRN 1feb2055, USD (2026A)
0.80%
US64987KDJ43
0.80%
US84136HCT86
0.77%
US52349EEY23
0.72%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.71%
US88256FAU66
0.67%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.65%
Black Belt Energy Gas District, 5% 1oct2033, USD (2026)
0.65%
University of Kansas Hospital Authority, 5.5% 1mar2054, USD (2026A)
0.65%
Illinois Finance Authority, 5.25% 1jul2035, USD (2019)
0.64%
Frequently asked questions about RDFI and FMUB
How have the RDFI and FMUB ETFs performed in 2026?
As of September 2, 2026, RDFI is up 2.51% year-to-date (YTD), while FMUB has returned 0.53%. That puts RDFI better performer ahead so far this year.
Which ETF is attracting more investor money: RDFI or FMUB?
Year-to-date, the RDFI ETF saw +$27M in flows, compared to +$111M for FMUB.
Which ETF is more volatile: RDFI or FMUB?
Over the past year, RDFI had a volatility of 6.85%, while FMUB experienced 2.37%.
Which ETF is bigger: RDFI or FMUB?
As of September 2, 2026, RDFI holds $86.86 M in assets under management (AUM), while FMUB manages $255.10 M.
What sectors do the RDFI and FMUB ETFs invest in?
RDFI leans toward sectors like Non-Corporate. Meanwhile, FMUB focuses on Municipal and Non-Corporate.
What are the top holdings of the RDFI ETF and FMUB ETF?
RDFI top holdings include US19423L3915, US6174771047 and US0925081004. FMUB holds in its top three: Fidelity Municipal Cash Central Fund, US54659LDS07 and Black Belt Energy Gas District, 5% 1jun2031, USD (2026).
Which ETF is more diversified: RDFI or FMUB?
RDFI holds 35 securities with 63.47% of its assets in the top 15. FMUB has 554 securities and a top 15 weight of 21.9%.
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