Invesco Rochester High Yield Municipal ETF (IROC) belongs to the High Yield Muni category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IROC. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IROC
IROC charges 0.39% annually. There are 7 ETFs in the High Yield Muni category with lower expense ratios, going as low as 0.32%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price High Income Municipal ETF | 0.32% | 25.43M | Nov 2025 | IROC vs THYM | |
| Capital Group Municipal High-Income ETF | 0.34% | 3.13B | Jun 2024 | IROC vs CGHM | |
| JPMorgan High Yield Municipal ETF | 0.35% | 279.52M | Jul 2023 | IROC vs JMHI | |
| Nuveen High Yield Municipal Income ETF | 0.35% | 140.42M | Jan 2025 | IROC vs NHYM | |
| WisdomTree High Income Laddered Municipal ETF | 0.35% | 6.11M | Apr 2025 | IROC vs WTMY |
Best Risk-Adjusted Alternatives to IROC
IROC has a PortfoliosLab risk / return rank of 81. There are 3 ETFs in the High Yield Muni category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Income Municipal ETF | 89 | 56.78M | Feb 2025 | IROC vs EVYM | |
| Capital Group Municipal High-Income ETF | 89 | 3.13B | Jun 2024 | IROC vs CGHM | |
| Rockefeller Opportunistic Municipal Bond ETF | 88 | 209.80M | Aug 2024 | IROC vs RMOP | |
| Nuveen High Yield Municipal Income ETF | 70 | 140.42M | Jan 2025 | IROC vs NHYM | |
| WisdomTree High Income Laddered Municipal ETF | 69 | 6.11M | Apr 2025 | IROC vs WTMY |
Top Performing IROC Alternatives (YTD)
IROC is at 3.53% YTD. There are 7 ETFs in the High Yield Muni category with higher YTD returns, going as high as 4.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura National High-Yield Municipal Bond ETF | 4.58% | 30.14M | Mar 2025 | IROC vs HTAX | |
| Franklin Municipal High Yield ETF | 4.45% | 588.78M | May 2018 | IROC vs FTMH | |
| Rockefeller Opportunistic Municipal Bond ETF | 4.44% | 209.80M | Aug 2024 | IROC vs RMOP | |
| Eaton Vance High Income Municipal ETF | 4.36% | 56.78M | Feb 2025 | IROC vs EVYM | |
| VanEck CEF Municipal Income ETF | 4.32% | 215.76M | Jul 2011 | IROC vs XMPT |
Lowest Volatility Alternatives to IROC
IROC has 3.03% 1-year volatility. There are 2 ETFs in the High Yield Muni category with lower 1-year volatility, going as low as 2.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree High Income Laddered Municipal ETF | 2.50% | 6.11M | Apr 2025 | IROC vs WTMY | |
| iShares Short Duration High Yield Muni Active ETF | 2.86% | 757.47M | Mar 2021 | IROC vs SHYM | |
| Capital Group Municipal High-Income ETF | 3.10% | 3.13B | Jun 2024 | IROC vs CGHM | |
| JPMorgan High Yield Municipal ETF | 3.18% | 279.52M | Jul 2023 | IROC vs JMHI | |
| Eaton Vance High Income Municipal ETF | 3.69% | 56.78M | Feb 2025 | IROC vs EVYM |
Lowest Drawdown Alternatives to IROC
IROC has a 1-year max drawdown of -2.64%. There are 2 ETFs in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -2.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Short Duration High Yield Muni Active ETF | -2.23% | 757.47M | Mar 2021 | IROC vs SHYM | |
| Capital Group Municipal High-Income ETF | -2.55% | 3.13B | Jun 2024 | IROC vs CGHM | |
| Rockefeller Opportunistic Municipal Bond ETF | -2.66% | 209.80M | Aug 2024 | IROC vs RMOP | |
| WisdomTree High Income Laddered Municipal ETF | -2.71% | 6.11M | Apr 2025 | IROC vs WTMY | |
| Nuveen High Yield Municipal Income ETF | -2.77% | 140.42M | Jan 2025 | IROC vs NHYM |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 55 | 15.28% | 493.17B | Mar 1999 | IROC vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 67 | 29.80% | 21.99B | Oct 2015 | IROC vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 55 | 15.33% | 101.29B | Oct 2020 | IROC vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 53 | 10.68% | 92.57B | Apr 2003 | IROC vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 94 | 86.27% | 3.22B | Jun 2021 | IROC vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 31 | 0.40% | 10.60B | May 2005 | IROC vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.43% | 21.05B | Dec 2005 | IROC vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 39 | 10.46% | 3.27B | Oct 2012 | IROC vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 63 | 21.05% | 8.18B | Mar 2005 | IROC vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 36 | 9.63% | 8.26B | Oct 2005 | IROC vs PPA |
Often Compared With IROC
Investors most often compare IROC with YYYM, HIMU, ORNAX. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Amplify Municipal CEF High Income ETF | High Yield Muni | — | — | 1.20M | Mar 2026 | IROC vs YYYM | |
| iShares High Yield Muni Active ETF | High Yield Muni | 62 | 4.31% | — | Feb 2025 | IROC vs HIMU | |
| Invesco Rochester Municipal Opportunities Fund | High Yield Muni | 53 | 2.14% | — | Sep 1993 | IROC vs ORNAX |
Compare IROC with Any Fund or Stock
Compare IROC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IROC with funds that move differently
Invesco Rochester High Yield Municipal ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IROC.
Explore IROC Diversifiers