RMCA vs. RMNY

Last updated Jun 3, 2026

RMCA (Rockefeller California Municipal Bond ETF) and RMNY (Rockefeller New York Municipal Bond ETF) are both Municipal Bonds funds from Rockefeller. Both are actively managed. Over the past year, RMCA returned 7.66% vs 8.14% for RMNY. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

RMCA vs. RMNY - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with RMCA having a 2.53% return and RMNY slightly higher at 2.59%.

RMCA

• 1D: 0.23%
• 1M: 0.85%
• YTD: 2.53%
• 6M: 2.48%
• 1Y: 7.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RMNY

• 1D: 0.27%
• 1M: 0.93%
• YTD: 2.59%
• 6M: 2.95%
• 1Y: 8.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMCA vs. RMNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMCA Rockefeller California Municipal Bond ETF	2.53%	2.35%	-0.14%
RMNY Rockefeller New York Municipal Bond ETF	2.59%	2.35%	0.86%

Correlation

The correlation between RMCA and RMNY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 14, 2024	0.91

The correlation between RMCA and RMNY has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

RMCA vs. RMNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMCA

RMCA Risk / Return Rank: 62
RMCA Sharpe Ratio Rank: 59
RMCA Sortino Ratio Rank: 65
RMCA Omega Ratio Rank: 70
RMCA Calmar Ratio Rank: 60
RMCA Martin Ratio Rank: 56

RMNY

RMNY Risk / Return Rank: 64
RMNY Sharpe Ratio Rank: 60
RMNY Sortino Ratio Rank: 66
RMNY Omega Ratio Rank: 71
RMNY Calmar Ratio Rank: 65
RMNY Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMCA vs. RMNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller California Municipal Bond ETF (RMCA) 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.

	RMCA	RMNY	Difference
Sharpe ratio Return per unit of total volatility	2.05	2.07	-0.03
Sortino ratio Return per unit of downside risk	3.08	3.11	-0.04
Omega ratio Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio Return relative to maximum drawdown	3.01	3.30	-0.29
Martin ratio Return relative to average drawdown	10.00	10.86	-0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMCA vs. RMNY - Sharpe Ratio Comparison

The current RMCA Sharpe Ratio is 2.05, which is comparable to the RMNY Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of RMCA 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.

Sharpe Ratios by Period

	RMCA	RMNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.07	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.63	-0.13

Drawdowns

RMCA vs. RMNY - Drawdown Comparison

The maximum RMCA drawdown since its inception was -5.95%, roughly equal to the maximum RMNY drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for RMCA and RMNY.

Drawdown Indicators

	RMCA	RMNY	Difference
Max Drawdown Largest peak-to-trough decline	-5.95%	-5.70%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-2.28%	-0.07%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.64%	-1.54%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.69%	+0.02%

Volatility

RMCA vs. RMNY - Volatility Comparison

The current volatility for Rockefeller California Municipal Bond ETF (RMCA) is 1.13%, while Rockefeller New York Municipal Bond ETF (RMNY) has a volatility of 1.28%. This indicates that RMCA 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

	RMCA	RMNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	1.28%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	2.69%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	3.99%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	5.19%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	5.19%	+0.20%

RMCA vs. RMNY - Expense Ratio Comparison

Both RMCA and RMNY have an expense ratio of 0.55%.

Dividends

RMCA vs. RMNY - Dividend Comparison

RMCA's dividend yield for the trailing twelve months is around 4.35%, more than RMNY's 4.30% yield.

Position	TTM	2025	2024
RMCA Rockefeller California Municipal Bond ETF	4.35%	4.51%	1.20%
RMNY Rockefeller New York Municipal Bond ETF	4.30%	4.10%	1.31%

Frequently Asked Questions

Can I hold both RMCA and RMNY in my portfolio?

RMCA and RMNY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMCA or RMNY?

RMNY has higher volatility (1.28%) compared to RMCA (1.13%). In terms of maximum drawdown, RMCA dropped -5.95% vs RMNY's -5.70%.

Which ETF is better, RMCA or RMNY?

On 1-year performance, RMNY leads with 8.14% vs 7.66% for RMCA. Both ETFs have the same 0.55% expense ratio. On volatility, RMCA has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMCA or RMNY?

Over the 1-year period, RMNY has performed better with a 8.14% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMCA or RMNY?

RMCA and RMNY have the same expense ratio: 0.55% per year.

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

RMCA has the higher dividend yield at 4.35%, compared with 4.30% for RMNY.

Which has better risk-adjusted returns?

RMNY currently has the higher Sharpe Ratio (2.07 vs 2.05), 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.