RMNY vs. MEAR
Compare and contrast key facts about Rockefeller New York Municipal Bond ETF (RMNY) and iShares Short Maturity Municipal Bond ETF (MEAR).
RMNY and MEAR 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. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Performance
RMNY vs. MEAR - 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 MEAR's 0.52% return.
RMNY
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- 0.92%
- 6M
- 2.13%
- 1Y
- 2.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- -0.02%
- 1M
- -0.15%
- YTD
- 0.52%
- 6M
- 1.21%
- 1Y
- 3.40%
- 3Y*
- 3.49%
- 5Y*
- 2.32%
- 10Y*
- 1.76%
RMNY vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 0.92% | 2.35% | 0.86% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.52% | 3.76% | 0.84% |
Correlation
The correlation between RMNY and MEAR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.
RMNY vs. MEAR - Expense Ratio Comparison
RMNY has a 0.55% expense ratio, which is higher than MEAR's 0.25% expense ratio.
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Return for Risk
RMNY vs. MEAR — Risk / Return Rank
RMNY
MEAR
RMNY vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller New York Municipal Bond ETF (RMNY) and iShares Short Maturity Municipal Bond ETF (MEAR). 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 | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 3.10 | -2.61 |
Sortino ratioReturn per unit of downside risk | 0.66 | 4.28 | -3.61 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.82 | -0.71 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.76 | -3.02 |
Martin ratioReturn relative to average drawdown | 1.64 | 20.79 | -19.15 |
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 | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 3.10 | -2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.09 | -0.61 |
Drawdowns
RMNY vs. MEAR - Drawdown Comparison
The maximum RMNY drawdown since its inception was -5.70%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for RMNY and MEAR.
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Drawdown Indicators
| RMNY | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -2.68% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -0.47% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.30% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -0.19% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.15% | +1.88% |
Volatility
RMNY vs. MEAR - Volatility Comparison
Rockefeller New York Municipal Bond ETF (RMNY) has a higher volatility of 1.94% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.37%. This indicates that RMNY's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMNY | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 0.37% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.59% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 1.11% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 0.98% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 1.52% | +3.81% |
Dividends
RMNY vs. MEAR - Dividend Comparison
RMNY's dividend yield for the trailing twelve months is around 4.13%, more than MEAR's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 4.13% | 4.10% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.87% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |