RMOP vs. EVYM

Last updated Jun 4, 2026

RMOP (Rockefeller Opportunistic Municipal Bond ETF) and EVYM (Eaton Vance High Income Municipal ETF) are both High Yield Muni funds. Both are actively managed. Over the past year, RMOP returned 10.23% vs 10.52% for EVYM. A 0.76 correlation means they provide meaningful diversification when combined. RMOP charges 0.55%/yr vs 0.40%/yr for EVYM.

Performance

RMOP vs. EVYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rockefeller Opportunistic Municipal Bond ETF (RMOP) and Eaton Vance High Income Municipal ETF (EVYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RMOP having a 3.38% return and EVYM slightly lower at 3.30%.

RMOP

• 1D: 0.02%
• 1M: 1.17%
• YTD: 3.38%
• 6M: 3.85%
• 1Y: 10.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVYM

• 1D: -0.15%
• 1M: 1.16%
• YTD: 3.30%
• 6M: 3.97%
• 1Y: 10.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMOP vs. EVYM - Yearly Performance Comparison

	2026 (YTD)	2025
RMOP Rockefeller Opportunistic Municipal Bond ETF	3.38%	1.68%
EVYM Eaton Vance High Income Municipal ETF	3.30%	3.70%

Correlation

The correlation between RMOP and EVYM is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	0.76

The correlation between RMOP and EVYM has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

RMOP vs. EVYM — Risk / Return Rank

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

RMOP

RMOP Risk / Return Rank: 82
RMOP Sharpe Ratio Rank: 83
RMOP Sortino Ratio Rank: 88
RMOP Omega Ratio Rank: 89
RMOP Calmar Ratio Rank: 77
RMOP Martin Ratio Rank: 74

EVYM

EVYM Risk / Return Rank: 85
EVYM Sharpe Ratio Rank: 87
EVYM Sortino Ratio Rank: 92
EVYM Omega Ratio Rank: 91
EVYM Calmar Ratio Rank: 77
EVYM Martin Ratio Rank: 77

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.

RMOP vs. EVYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller Opportunistic Municipal Bond ETF (RMOP) and Eaton Vance High Income Municipal ETF (EVYM). 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.

	RMOP	EVYM	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.87	-0.17
Sortino ratio: Return per unit of downside risk	4.03	4.44	-0.41
Omega ratio: Gain probability vs. loss probability	1.56	1.60	-0.05
Calmar ratio: Return relative to maximum drawdown	3.87	3.81	+0.05
Martin ratio: Return relative to average drawdown	13.86	14.44	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMOP vs. EVYM - Sharpe Ratio Comparison

The current RMOP Sharpe Ratio is 2.70, which is comparable to the EVYM Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of RMOP and EVYM, 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

	RMOP	EVYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	2.87	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.93	+0.06

Drawdowns

RMOP vs. EVYM - Drawdown Comparison

The maximum RMOP drawdown since its inception was -6.67%, which is greater than EVYM's maximum drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for RMOP and EVYM.

Drawdown Indicators

	RMOP	EVYM	Difference
Max Drawdown Largest peak-to-trough decline	-6.67%	-6.08%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-2.77%	+0.11%
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.52%	-1.49%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.73%	+0.01%

Volatility

RMOP vs. EVYM - Volatility Comparison

Rockefeller Opportunistic Municipal Bond ETF (RMOP) has a higher volatility of 1.21% compared to Eaton Vance High Income Municipal ETF (EVYM) at 0.94%. This indicates that RMOP's price experiences larger fluctuations and is considered to be riskier than EVYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMOP	EVYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	0.94%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.59%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.81%	3.69%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.66%	6.08%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.66%	6.08%	-0.42%

RMOP vs. EVYM - Expense Ratio Comparison

RMOP has a 0.55% expense ratio, which is higher than EVYM's 0.40% expense ratio.

Dividends

RMOP vs. EVYM - Dividend Comparison

RMOP's dividend yield for the trailing twelve months is around 5.20%, more than EVYM's 4.78% yield.

Position	TTM	2025	2024
EVYM Eaton Vance High Income Municipal ETF	4.78%	3.72%	0.00%
RMOP Rockefeller Opportunistic Municipal Bond ETF	5.20%	5.15%	1.27%

Frequently Asked Questions

Can I hold both RMOP and EVYM in my portfolio?

RMOP and EVYM have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMOP or EVYM?

RMOP has higher volatility (1.21%) compared to EVYM (0.94%). In terms of maximum drawdown, RMOP dropped -6.67% vs EVYM's -6.08%.

Which ETF is better, RMOP or EVYM?

On 1-year performance, EVYM leads with 10.52% vs 10.23% for RMOP. On fees, EVYM is cheaper at 0.40% per year. On volatility, EVYM has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMOP or EVYM?

Over the 1-year period, EVYM has performed better with a 10.52% return vs 10.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMOP or EVYM?

EVYM is cheaper with a 0.40% expense ratio, compared with 0.55% for RMOP.

Which ETF pays a higher dividend yield, RMOP or EVYM?

RMOP has the higher dividend yield at 5.20%, compared with 4.78% for EVYM.

What is the main difference between RMOP and EVYM?

They also come from different issuers: Rockefeller and Eaton Vance. Their fees differ too: 0.55% for RMOP and 0.40% for EVYM.

Which has better risk-adjusted returns?

EVYM currently has the higher Sharpe Ratio (2.87 vs 2.70), 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.