RMNY vs. VTEB
Compare and contrast key facts about Rockefeller New York Municipal Bond ETF (RMNY) and Vanguard Tax-Exempt Bond ETF (VTEB).
RMNY and VTEB 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. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Performance
RMNY vs. VTEB - 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 VTEB's 0.19% return.
RMNY
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- 0.92%
- 6M
- 2.13%
- 1Y
- 2.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTEB
- 1D
- -0.08%
- 1M
- -0.91%
- YTD
- 0.19%
- 6M
- 1.58%
- 1Y
- 3.66%
- 3Y*
- 2.58%
- 5Y*
- 0.88%
- 10Y*
- 2.05%
RMNY vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 0.92% | 2.35% | 0.86% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.19% | 3.72% | 0.12% |
Correlation
The correlation between RMNY and VTEB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
RMNY vs. VTEB - Expense Ratio Comparison
RMNY has a 0.55% expense ratio, which is higher than VTEB's 0.05% expense ratio.
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Return for Risk
RMNY vs. VTEB — Risk / Return Rank
RMNY
VTEB
RMNY vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller New York Municipal Bond ETF (RMNY) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.93 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.66 | 1.18 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.25 | -0.51 |
Martin ratioReturn relative to average drawdown | 1.64 | 3.65 | -2.00 |
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 | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.93 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.46 | +0.02 |
Drawdowns
RMNY vs. VTEB - Drawdown Comparison
The maximum RMNY drawdown since its inception was -5.70%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for RMNY and VTEB.
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Drawdown Indicators
| RMNY | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -17.00% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.71% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.76% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -2.34% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.18% | +0.85% |
Volatility
RMNY vs. VTEB - Volatility Comparison
Rockefeller New York Municipal Bond ETF (RMNY) has a higher volatility of 1.94% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.38%. This indicates that RMNY's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMNY | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.38% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 1.88% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 3.96% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 3.88% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 5.26% | +0.07% |
Dividends
RMNY vs. VTEB - Dividend Comparison
RMNY's dividend yield for the trailing twelve months is around 4.13%, more than VTEB's 3.36% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |