ITM vs. RMNY

Last updated Aug 4, 2026

ITM (VanEck Intermediate Muni ETF) and RMNY (Rockefeller New York Municipal Bond ETF) are both Municipal Bonds funds. ITM is passively managed, while RMNY is actively managed. Over the past year, ITM returned 3.71% vs 6.48% for RMNY. Their 0.79 correlation means they have sometimes moved together and sometimes differently. ITM charges 0.24%/yr vs 0.55%/yr for RMNY.

Performance

ITM vs. RMNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Intermediate Muni ETF (ITM) and Rockefeller New York Municipal Bond ETF (RMNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITM achieves a -1.01% return, which is significantly lower than RMNY's 1.72% return.

ITM

• 1D: 0.17%
• 1M: -1.89%
• 6M: -1.61%
• YTD: -1.01%
• 1Y: 3.71%
• 3Y*: 3.04%
• 5Y*: -0.05%
• 10Y*: 1.65%
• ALL TIME*: 3.22%

RMNY

• 1D: 0.00%
• 1M: -1.69%
• 6M: 1.39%
• YTD: 1.72%
• 1Y: 6.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ITM VanEck Intermediate Muni ETF	$17.85M	$12.61M	$10.53M
RMNY Rockefeller New York Municipal Bond ETF	$119.80K	$72.02K	$97.04K

ITM vs. RMNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITM VanEck Intermediate Muni ETF	-1.01%	5.34%	0.51%
RMNY Rockefeller New York Municipal Bond ETF	1.72%	2.35%	0.80%

Correlation

The correlation between ITM and RMNY is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024	0.79

The correlation between ITM and RMNY has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

Return for Risk

ITM vs. RMNY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ITM

ITM Risk / Return Rank: 42
ITM Sharpe Ratio Rank: 49
ITM Sortino Ratio Rank: 46
ITM Omega Ratio Rank: 53
ITM Calmar Ratio Rank: 32
ITM Martin Ratio Rank: 31

RMNY

RMNY Risk / Return Rank: 74
RMNY Sharpe Ratio Rank: 71
RMNY Sortino Ratio Rank: 73
RMNY Omega Ratio Rank: 80
RMNY Calmar Ratio Rank: 75
RMNY Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ITM vs. RMNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and Rockefeller New York Municipal Bond ETF (RMNY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ITM	RMNY	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.74	-0.46
Sortino ratio: Return per unit of downside risk	1.76	2.52	-0.77
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio: Return relative to maximum drawdown	1.09	2.85	-1.76
Martin ratio: Return relative to average drawdown	2.87	9.84	-6.97

ITM vs. RMNY - Sharpe Ratio Comparison

The current ITM Sharpe Ratio is 1.28, which is comparable to the RMNY Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of ITM and RMNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ITM vs. RMNY - Drawdown Comparison

The maximum ITM drawdown since its inception was -24.75%, which is greater than RMNY's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for ITM and RMNY.

Drawdown Indicators

	ITM	RMNY	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-5.70%	-19.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-2.28%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-4.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	—	—
Current Drawdown Current decline from peak	-2.91%	-1.77%	-1.14%
Average Drawdown Average peak-to-trough decline	-2.97%	-1.45%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	0.66%	+0.64%

Volatility

ITM vs. RMNY - Volatility Comparison

The current volatility for VanEck Intermediate Muni ETF (ITM) is 0.99%, while Rockefeller New York Municipal Bond ETF (RMNY) has a volatility of 1.06%. This indicates that ITM experiences smaller price fluctuations and is considered to be less risky than RMNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITM	RMNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	1.06%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.36%	2.95%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	3.74%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	5.08%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.10%	5.08%	+2.02%

ITM vs. RMNY - Expense Ratio Comparison

ITM has a 0.24% expense ratio, which is lower than RMNY's 0.55% expense ratio.

Dividends

ITM vs. RMNY - Dividend Comparison

ITM's dividend yield for the trailing twelve months is around 3.05%, less than RMNY's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITM VanEck Intermediate Muni ETF	3.05%	2.86%	2.73%	2.40%	1.92%	1.70%	2.13%	2.44%	2.33%	2.21%	2.29%	2.28%
RMNY Rockefeller New York Municipal Bond ETF	4.38%	4.10%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITM and RMNY in my portfolio?

ITM and RMNY have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITM or RMNY?

RMNY has higher volatility (1.06%) compared to ITM (0.99%). In terms of maximum drawdown, ITM dropped -24.75% vs RMNY's -5.70%.

Which ETF is better, ITM or RMNY?

On 1-year performance, RMNY leads with 6.48% vs 3.71% for ITM. On fees, ITM is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITM or RMNY?

Over the 1-year period, RMNY has performed better with a 6.48% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITM or RMNY?

ITM is cheaper with a 0.24% expense ratio, compared with 0.55% for RMNY.

Which ETF pays a higher dividend yield, ITM or RMNY?

RMNY has the higher dividend yield at 4.38%, compared with 3.05% for ITM.

What is the main difference between ITM and RMNY?

They also come from different issuers: VanEck and Rockefeller. Their fees differ too: 0.24% for ITM and 0.55% for RMNY.

Which has better risk-adjusted returns?

RMNY currently has the higher Sharpe Ratio (1.74 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.