RMNY vs. GSG
RMNY (Rockefeller New York Municipal Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RMNY is a Municipal Bonds fund actively managed by Rockefeller, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. RMNY is actively managed, while GSG is passively managed. Over the past year, RMNY returned 7.77% vs 49.68% for GSG. At a correlation of -0.15, they often move in opposite directions. RMNY charges 0.55%/yr vs 0.75%/yr for GSG.
Performance
RMNY vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RMNY achieves a 2.63% return, which is significantly lower than GSG's 40.46% return.
RMNY
- 1D
- 0.24%
- 1M
- 1.04%
- YTD
- 2.63%
- 6M
- 3.04%
- 1Y
- 7.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.49%
- 1M
- -5.32%
- YTD
- 40.46%
- 6M
- 38.18%
- 1Y
- 49.68%
- 3Y*
- 18.78%
- 5Y*
- 15.39%
- 10Y*
- 7.42%
RMNY vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 2.63% | 2.35% | 0.86% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 40.46% | 5.93% | 2.30% |
Correlation
The correlation between RMNY and GSG is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2024 | -0.15 |
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Return for Risk
RMNY vs. GSG — Risk / Return Rank
RMNY
GSG
RMNY vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller New York Municipal Bond ETF (RMNY) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 5.28 | -1.86 |
| Martin ratioReturn relative to average drawdown | 11.25 | 13.78 | -2.53 |
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 | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.17 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | -0.09 | +0.72 |
Drawdowns
RMNY vs. GSG - Drawdown Comparison
The maximum RMNY drawdown since its inception was -5.70%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RMNY and GSG.
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Drawdown Indicators
| RMNY | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -89.62% | +83.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -9.46% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -57.59% | +57.59% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -63.71% | +62.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 3.62% | -2.93% |
Volatility
RMNY vs. GSG - Volatility Comparison
The current volatility for Rockefeller New York Municipal Bond ETF (RMNY) is 1.31%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.72%. This indicates that RMNY experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMNY | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 7.72% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 20.48% | -17.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 23.01% | -19.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.19% | 22.61% | -17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 22.03% | -16.84% |
RMNY vs. GSG - Expense Ratio Comparison
RMNY has a 0.55% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RMNY vs. GSG - Dividend Comparison
RMNY's dividend yield for the trailing twelve months is around 4.30%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
RMNY Rockefeller New York Municipal Bond ETF | 4.30% | 4.10% | 1.31% |
Frequently Asked Questions
RMNY and GSG have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.72%) compared to RMNY (1.31%). In terms of maximum drawdown, RMNY dropped -5.70% vs GSG's -89.62%.
On 1-year performance, GSG leads with 49.68% vs 7.77% for RMNY. On fees, RMNY is cheaper at 0.55% per year. On volatility, RMNY has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 49.68% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RMNY is cheaper with a 0.55% expense ratio, compared with 0.75% for GSG.
RMNY has the higher dividend yield at 4.30%, compared with 0.00% for GSG.
RMNY is categorized as Municipal Bonds, while GSG is Commodities. They also come from different issuers: Rockefeller and iShares. Their fees differ too: 0.55% for RMNY and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.17 vs 1.98), 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.
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