RMNY vs. HYMB

Last updated Jun 4, 2026

RMNY (Rockefeller New York Municipal Bond ETF) and HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) are both Municipal Bonds funds. RMNY is actively managed, while HYMB is passively managed. Over the past year, RMNY returned 7.88% vs 7.43% for HYMB. A 0.79 correlation means they provide meaningful diversification when combined. RMNY charges 0.55%/yr vs 0.35%/yr for HYMB.

Performance

RMNY vs. HYMB - Performance Comparison

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

Returns By Period

In the year-to-date period, RMNY achieves a 2.39% return, which is significantly lower than HYMB's 2.87% return.

RMNY

• 1D: -0.19%
• 1M: 0.78%
• YTD: 2.39%
• 6M: 2.78%
• 1Y: 7.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYMB

• 1D: -0.04%
• 1M: 1.19%
• YTD: 2.87%
• 6M: 3.18%
• 1Y: 7.43%
• 3Y*: 5.09%
• 5Y*: 0.42%
• 10Y*: 2.46%

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

RMNY vs. HYMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMNY Rockefeller New York Municipal Bond ETF	2.39%	2.35%	0.86%
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	2.87%	2.04%	0.10%

Correlation

The correlation between RMNY and HYMB is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 14, 2024	0.79

The correlation between RMNY and HYMB has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

Return for Risk

RMNY vs. HYMB — Risk / Return Rank

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

RMNY

RMNY Risk / Return Rank: 66
RMNY Sharpe Ratio Rank: 60
RMNY Sortino Ratio Rank: 66
RMNY Omega Ratio Rank: 70
RMNY Calmar Ratio Rank: 70
RMNY Martin Ratio Rank: 64

HYMB

HYMB Risk / Return Rank: 53
HYMB Sharpe Ratio Rank: 53
HYMB Sortino Ratio Rank: 54
HYMB Omega Ratio Rank: 60
HYMB Calmar Ratio Rank: 48
HYMB Martin Ratio Rank: 49

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.

RMNY vs. HYMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller New York Municipal Bond ETF (RMNY) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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	HYMB	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.84	+0.16
Sortino ratio: Return per unit of downside risk	3.01	2.63	+0.38
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	3.47	2.40	+1.07
Martin ratio: Return relative to average drawdown	11.40	8.51	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMNY vs. HYMB - Sharpe Ratio Comparison

The current RMNY Sharpe Ratio is 2.01, which is comparable to the HYMB Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of RMNY and HYMB, 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

	RMNY	HYMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.84	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.45	+0.16

Drawdowns

RMNY vs. HYMB - Drawdown Comparison

The maximum RMNY drawdown since its inception was -5.70%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for RMNY and HYMB.

Drawdown Indicators

	RMNY	HYMB	Difference
Max Drawdown Largest peak-to-trough decline	-5.70%	-29.57%	+23.87%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-3.11%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-0.19%	-0.04%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.53%	-3.81%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.88%	-0.19%

Volatility

RMNY vs. HYMB - Volatility Comparison

Rockefeller New York Municipal Bond ETF (RMNY) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) have volatilities of 1.30% and 1.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMNY	HYMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	1.35%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	3.14%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	4.05%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.19%	6.66%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.19%	11.36%	-6.17%

RMNY vs. HYMB - Expense Ratio Comparison

RMNY has a 0.55% expense ratio, which is higher than HYMB's 0.35% expense ratio.

Dividends

RMNY vs. HYMB - Dividend Comparison

RMNY's dividend yield for the trailing twelve months is around 4.31%, less than HYMB's 4.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	4.54%	4.55%	4.29%	4.07%	3.77%	3.19%	3.55%	3.95%	4.03%	3.78%	4.08%	4.54%
RMNY Rockefeller New York Municipal Bond ETF	4.31%	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 RMNY and HYMB in my portfolio?

RMNY and HYMB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMNY or HYMB?

HYMB has higher volatility (1.35%) compared to RMNY (1.30%). In terms of maximum drawdown, RMNY dropped -5.70% vs HYMB's -29.57%.

Which ETF is better, RMNY or HYMB?

On 1-year performance, RMNY leads with 7.88% vs 7.43% for HYMB. On fees, HYMB is cheaper at 0.35% 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, RMNY or HYMB?

Over the 1-year period, RMNY has performed better with a 7.88% return vs 7.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMNY or HYMB?

HYMB is cheaper with a 0.35% expense ratio, compared with 0.55% for RMNY.

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

HYMB has the higher dividend yield at 4.54%, compared with 4.31% for RMNY.

What is the main difference between RMNY and HYMB?

They also come from different issuers: Rockefeller and State Street. Their fees differ too: 0.55% for RMNY and 0.35% for HYMB.

Which has better risk-adjusted returns?

RMNY currently has the higher Sharpe Ratio (2.01 vs 1.84), 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.