RMNY vs. BSMS
Compare and contrast key facts about Rockefeller New York Municipal Bond ETF (RMNY) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS).
RMNY and BSMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RMNY is an actively managed fund by Rockefeller. It was launched on Aug 12, 2024. BSMS is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2028 Index. It was launched on Sep 25, 2019.
Performance
RMNY vs. BSMS - Performance Comparison
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Returns By Period
In the year-to-date period, RMNY achieves a 0.92% return, which is significantly higher than BSMS's 0.32% return.
RMNY
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- 0.92%
- 6M
- 2.13%
- 1Y
- 2.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMS
- 1D
- -0.12%
- 1M
- -0.54%
- YTD
- 0.32%
- 6M
- 1.24%
- 1Y
- 3.13%
- 3Y*
- 2.20%
- 5Y*
- 0.30%
- 10Y*
- —
RMNY vs. BSMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 0.92% | 2.35% | 0.86% |
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 0.32% | 3.61% | 0.91% |
Correlation
The correlation between RMNY and BSMS is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
RMNY vs. BSMS - Expense Ratio Comparison
RMNY has a 0.55% expense ratio, which is higher than BSMS's 0.18% expense ratio.
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Return for Risk
RMNY vs. BSMS — Risk / Return Rank
RMNY
BSMS
RMNY vs. BSMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller New York Municipal Bond ETF (RMNY) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS). 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.
| RMNY | BSMS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 1.07 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.66 | 1.32 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.24 | -0.50 |
Martin ratioReturn relative to average drawdown | 1.64 | 5.37 | -3.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMNY | BSMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.07 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.18 | +0.29 |
Drawdowns
RMNY vs. BSMS - Drawdown Comparison
The maximum RMNY drawdown since its inception was -5.70%, smaller than the maximum BSMS drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for RMNY and BSMS.
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Drawdown Indicators
| RMNY | BSMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -14.95% | +9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -1.05% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.95% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.59% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -5.06% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.68% | +1.35% |
Volatility
RMNY vs. BSMS - Volatility Comparison
Rockefeller New York Municipal Bond ETF (RMNY) has a higher volatility of 1.94% compared to Invesco BulletShares 2028 Municipal Bond ETF (BSMS) at 0.49%. This indicates that RMNY's price experiences larger fluctuations and is considered to be riskier than BSMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMNY | BSMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 0.49% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.93% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 2.95% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 3.61% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 6.28% | -0.95% |
Dividends
RMNY vs. BSMS - Dividend Comparison
RMNY's dividend yield for the trailing twelve months is around 4.13%, more than BSMS's 2.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 4.13% | 4.10% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 2.79% | 2.79% | 2.81% | 2.58% | 1.56% | 1.49% | 1.61% | 0.46% |