RMOP vs. HIMU
RMOP (Rockefeller Opportunistic Municipal Bond ETF) and HIMU (iShares High Yield Muni Active ETF) are both High Yield Muni funds. Both are actively managed. Over the past year, RMOP returned 9.29% vs 7.32% for HIMU. A 0.60 correlation means they provide meaningful diversification when combined. RMOP charges 0.55%/yr vs 0.42%/yr for HIMU.
Performance
RMOP vs. HIMU - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RMOP having a 3.85% return and HIMU slightly lower at 3.66%.
RMOP
- 1D
- -0.14%
- 1M
- 2.28%
- YTD
- 3.85%
- 6M
- 4.10%
- 1Y
- 9.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIMU
- 1D
- 0.26%
- 1M
- 2.47%
- YTD
- 3.66%
- 6M
- 3.75%
- 1Y
- 7.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMOP vs. HIMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RMOP Rockefeller Opportunistic Municipal Bond ETF | 3.85% | 2.59% |
HIMU iShares High Yield Muni Active ETF | 3.66% | 1.48% |
Correlation
The correlation between RMOP and HIMU is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.60 |
The correlation between RMOP and HIMU has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
RMOP vs. HIMU — Risk / Return Rank
RMOP
HIMU
RMOP vs. HIMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller Opportunistic Municipal Bond ETF (RMOP) and iShares High Yield Muni Active ETF (HIMU). 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 | HIMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.32 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.24 | +1.27 |
| Martin ratioReturn relative to average drawdown | 12.59 | 7.03 | +5.56 |
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Drawdowns
RMOP vs. HIMU - Drawdown Comparison
The maximum RMOP drawdown since its inception was -6.67%, smaller than the maximum HIMU drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for RMOP and HIMU.
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Drawdown Indicators
| RMOP | HIMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.67% | -8.01% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.29% | +0.63% |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -1.69% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.04% | -0.30% |
Volatility
RMOP vs. HIMU - Volatility Comparison
Rockefeller Opportunistic Municipal Bond ETF (RMOP) and iShares High Yield Muni Active ETF (HIMU) have volatilities of 0.95% and 0.99%, 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.
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Volatility by Period
| RMOP | HIMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.99% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 3.23% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 4.42% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 7.31% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 7.31% | -1.72% |
RMOP vs. HIMU - Expense Ratio Comparison
RMOP has a 0.55% expense ratio, which is higher than HIMU's 0.42% expense ratio.
Dividends
RMOP vs. HIMU - Dividend Comparison
RMOP's dividend yield for the trailing twelve months is around 5.18%, more than HIMU's 5.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HIMU iShares High Yield Muni Active ETF | 5.10% | 4.57% | 0.00% |
RMOP Rockefeller Opportunistic Municipal Bond ETF | 5.18% | 5.15% | 1.27% |
Frequently Asked Questions
RMOP and HIMU have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMU has higher volatility (0.99%) compared to RMOP (0.95%). In terms of maximum drawdown, RMOP dropped -6.67% vs HIMU's -8.01%.
On 1-year performance, RMOP leads with 9.29% vs 7.32% for HIMU. On fees, HIMU is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RMOP has performed better with a 9.29% return vs 7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIMU is cheaper with a 0.42% expense ratio, compared with 0.55% for RMOP.
RMOP has the higher dividend yield at 5.18%, compared with 5.10% for HIMU.
They also come from different issuers: Rockefeller and iShares. Their fees differ too: 0.55% for RMOP and 0.42% for HIMU.
RMOP currently has the higher Sharpe Ratio (2.48 vs 1.66), 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.
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