RMOP vs. FXN

Last updated Jul 14, 2026

RMOP (Rockefeller Opportunistic Municipal Bond ETF) and FXN (First Trust Energy AlphaDEX Fund) are both exchange-traded funds - RMOP is a High Yield Muni fund actively managed by Rockefeller, while FXN is a Energy Equities fund tracking the StrataQuant Energy Index. RMOP is actively managed, while FXN is passively managed. Over the past year, RMOP returned 10.30% vs 33.33% for FXN. At a correlation of -0.10, they often move in opposite directions. RMOP charges 0.55%/yr vs 0.64%/yr for FXN.

Performance

RMOP vs. FXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rockefeller Opportunistic Municipal Bond ETF (RMOP) and First Trust Energy AlphaDEX Fund (FXN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMOP achieves a 4.29% return, which is significantly lower than FXN's 28.86% return.

RMOP

• 1D: -0.16%
• 1M: 0.76%
• 6M: 3.91%
• YTD: 4.29%
• 1Y: 10.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXN

• 1D: 2.23%
• 1M: -1.86%
• 6M: 26.93%
• YTD: 28.86%
• 1Y: 33.33%
• 3Y*: 12.51%
• 5Y*: 17.39%
• 10Y*: 5.91%

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

RMOP vs. FXN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMOP Rockefeller Opportunistic Municipal Bond ETF	4.29%	3.90%	2.55%
FXN First Trust Energy AlphaDEX Fund	28.86%	3.39%	-3.95%

Correlation

The correlation between RMOP and FXN is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024	-0.10

Return for Risk

RMOP vs. FXN — Risk / Return Rank

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

RMOP

RMOP Risk / Return Rank: 92
RMOP Sharpe Ratio Rank: 94
RMOP Sortino Ratio Rank: 95
RMOP Omega Ratio Rank: 95
RMOP Calmar Ratio Rank: 87
RMOP Martin Ratio Rank: 90

FXN

FXN Risk / Return Rank: 52
FXN Sharpe Ratio Rank: 52
FXN Sortino Ratio Rank: 49
FXN Omega Ratio Rank: 46
FXN Calmar Ratio Rank: 63
FXN Martin Ratio Rank: 48

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. FXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller Opportunistic Municipal Bond ETF (RMOP) and First Trust Energy AlphaDEX Fund (FXN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RMOP	FXN	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.43	+1.33
Sortino ratio: Return per unit of downside risk	4.14	1.94	+2.20
Omega ratio: Gain probability vs. loss probability	1.56	1.24	+0.33
Calmar ratio: Return relative to maximum drawdown	3.89	2.50	+1.40
Martin ratio: Return relative to average drawdown	15.98	6.37	+9.61

RMOP vs. FXN - Sharpe Ratio Comparison

The current RMOP Sharpe Ratio is 2.76, which is higher than the FXN Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of RMOP and FXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RMOP vs. FXN - Drawdown Comparison

The maximum RMOP drawdown since its inception was -6.67%, smaller than the maximum FXN drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for RMOP and FXN.

Drawdown Indicators

	RMOP	FXN	Difference
Max Drawdown Largest peak-to-trough decline	-6.67%	-87.39%	+80.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-13.41%	+10.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.63%	—
Current Drawdown Current decline from peak	-0.49%	-8.78%	+8.29%
Average Drawdown Average peak-to-trough decline	-1.44%	-37.83%	+36.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	5.28%	-4.63%

Volatility

RMOP vs. FXN - Volatility Comparison

The current volatility for Rockefeller Opportunistic Municipal Bond ETF (RMOP) is 0.84%, while First Trust Energy AlphaDEX Fund (FXN) has a volatility of 6.44%. This indicates that RMOP experiences smaller price fluctuations and is considered to be less risky than FXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMOP	FXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	6.44%	-5.60%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	17.05%	-14.35%
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	23.47%	-19.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.54%	28.89%	-23.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.54%	34.83%	-29.29%

RMOP vs. FXN - Expense Ratio Comparison

RMOP has a 0.55% expense ratio, which is lower than FXN's 0.64% expense ratio.

Dividends

RMOP vs. FXN - Dividend Comparison

RMOP's dividend yield for the trailing twelve months is around 5.18%, more than FXN's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXN First Trust Energy AlphaDEX Fund	1.70%	2.53%	2.50%	3.09%	2.28%	0.87%	4.71%	1.47%	1.43%	1.17%	1.05%	2.36%
RMOP Rockefeller Opportunistic Municipal Bond ETF	5.18%	5.15%	1.27%	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 RMOP and FXN in my portfolio?

RMOP and FXN have a correlation of -0.19, 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 FXN?

FXN has higher volatility (6.44%) compared to RMOP (0.84%). In terms of maximum drawdown, RMOP dropped -6.67% vs FXN's -87.39%.

Which ETF is better, RMOP or FXN?

On 1-year performance, FXN leads with 33.33% vs 10.30% for RMOP. On fees, RMOP is cheaper at 0.55% per year. On volatility, RMOP has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMOP or FXN?

Over the 1-year period, FXN has performed better with a 33.33% return vs 10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMOP or FXN?

RMOP is cheaper with a 0.55% expense ratio, compared with 0.64% for FXN.

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

RMOP has the higher dividend yield at 5.18%, compared with 1.70% for FXN.

What is the main difference between RMOP and FXN?

RMOP is categorized as High Yield Muni, while FXN is Energy Equities. They also come from different issuers: Rockefeller and First Trust. Their fees differ too: 0.55% for RMOP and 0.64% for FXN.

Which has better risk-adjusted returns?

RMOP currently has the higher Sharpe Ratio (2.76 vs 1.43), 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.