RMCA vs. BSMP
RMCA (Rockefeller California Municipal Bond ETF) and BSMP (Invesco BulletShares 2025 Municipal Bond ETF) are both Municipal Bonds funds. RMCA is actively managed, while BSMP is passively managed. At a 0.19 correlation, their price movements are largely independent. RMCA charges 0.55%/yr vs 0.18%/yr for BSMP.
Performance
RMCA vs. BSMP - Performance Comparison
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Returns By Period
RMCA
- 1D
- -0.12%
- 1M
- 1.62%
- YTD
- 2.75%
- 6M
- 2.99%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMCA vs. BSMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMCA Rockefeller California Municipal Bond ETF | 2.75% | 2.35% | -0.24% |
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 0.00% | 2.27% | 1.08% |
Correlation
The correlation between RMCA and BSMP is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024 | 0.19 |
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Return for Risk
RMCA vs. BSMP — Risk / Return Rank
RMCA
BSMP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RMCA vs. BSMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller California Municipal Bond ETF (RMCA) and Invesco BulletShares 2025 Municipal Bond ETF (BSMP). 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.
| RMCA | BSMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | — | — |
| Martin ratioReturn relative to average drawdown | 10.31 | — | — |
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Drawdowns
RMCA vs. BSMP - Drawdown Comparison
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Drawdown Indicators
| RMCA | BSMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.59% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
RMCA vs. BSMP - Volatility Comparison
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Volatility by Period
| RMCA | BSMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.32% | — | — |
RMCA vs. BSMP - Expense Ratio Comparison
RMCA has a 0.55% expense ratio, which is higher than BSMP's 0.18% expense ratio.
Dividends
RMCA vs. BSMP - Dividend Comparison
RMCA's dividend yield for the trailing twelve months is around 4.34%, more than BSMP's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 1.05% | 2.35% | 2.53% | 2.20% | 1.23% | 0.72% | 1.32% | 0.35% |
RMCA Rockefeller California Municipal Bond ETF | 4.34% | 4.51% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RMCA and BSMP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMP is cheaper with a 0.18% expense ratio, compared with 0.55% for RMCA.
RMCA has the higher dividend yield at 4.34%, compared with 1.05% for BSMP.
They also come from different issuers: Rockefeller and Invesco. Their fees differ too: 0.55% for RMCA and 0.18% for BSMP.
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