RMOP vs. RMNY

Last updated Jun 4, 2026

RMOP (Rockefeller Opportunistic Municipal Bond ETF) and RMNY (Rockefeller New York Municipal Bond ETF) are both exchange-traded funds - RMOP is a High Yield Muni fund actively managed by Rockefeller, while RMNY is a Municipal Bonds fund actively managed by Rockefeller. Both are actively managed. Over the past year, RMOP returned 10.23% vs 7.88% for RMNY. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

RMOP vs. RMNY - Performance Comparison

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

Returns By Period

In the year-to-date period, RMOP achieves a 3.38% return, which is significantly higher than RMNY's 2.39% return.

RMOP

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

RMNY

• 1D: -0.19%
• 1M: 0.78%
• YTD: 2.39%
• 6M: 2.78%
• 1Y: 7.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMOP vs. RMNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMOP Rockefeller Opportunistic Municipal Bond ETF	3.38%	3.90%	2.64%
RMNY Rockefeller New York Municipal Bond ETF	2.39%	2.35%	0.86%

Correlation

The correlation between RMOP and RMNY is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Aug 14, 2024	0.84

The correlation between RMOP and RMNY has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

RMOP vs. RMNY — 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

RMNY

RMNY Risk / Return Rank: 66
RMNY Sharpe Ratio Rank: 60
RMNY Sortino Ratio Rank: 66
RMNY Omega Ratio Rank: 70
RMNY Calmar Ratio Rank: 70
RMNY Martin Ratio Rank: 64

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. RMNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller Opportunistic Municipal Bond ETF (RMOP) and Rockefeller New York Municipal Bond ETF (RMNY). 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	RMNY	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.01	+0.69
Sortino ratio: Return per unit of downside risk	4.03	3.01	+1.02
Omega ratio: Gain probability vs. loss probability	1.56	1.42	+0.14
Calmar ratio: Return relative to maximum drawdown	3.87	3.47	+0.40
Martin ratio: Return relative to average drawdown	13.86	11.40	+2.46
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. RMNY - Sharpe Ratio Comparison

The current RMOP Sharpe Ratio is 2.70, which is higher than the RMNY Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of RMOP and RMNY, 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	RMNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	2.01	+0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.60	+0.38

Drawdowns

RMOP vs. RMNY - Drawdown Comparison

The maximum RMOP drawdown since its inception was -6.67%, which is greater than RMNY's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for RMOP and RMNY.

Drawdown Indicators

	RMOP	RMNY	Difference
Max Drawdown Largest peak-to-trough decline	-6.67%	-5.70%	-0.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-2.28%	-0.38%
Current Drawdown Current decline from peak	0.00%	-0.19%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.52%	-1.53%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.69%	+0.05%

Volatility

RMOP vs. RMNY - Volatility Comparison

The current volatility for Rockefeller Opportunistic Municipal Bond ETF (RMOP) is 1.21%, while Rockefeller New York Municipal Bond ETF (RMNY) has a volatility of 1.30%. This indicates that RMOP experiences smaller price fluctuations and is considered to be less risky than RMNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMOP	RMNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	1.30%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.69%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.81%	3.95%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.66%	5.19%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.66%	5.19%	+0.47%

RMOP vs. RMNY - Expense Ratio Comparison

Both RMOP and RMNY have an expense ratio of 0.55%.

Dividends

RMOP vs. RMNY - Dividend Comparison

RMOP's dividend yield for the trailing twelve months is around 5.20%, more than RMNY's 4.31% yield.

Position	TTM	2025	2024
RMNY Rockefeller New York Municipal Bond ETF	4.31%	4.10%	1.31%
RMOP Rockefeller Opportunistic Municipal Bond ETF	5.20%	5.15%	1.27%

Frequently Asked Questions

Can I hold both RMOP and RMNY in my portfolio?

RMOP and RMNY have a correlation of 0.78, 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 RMNY?

RMNY has higher volatility (1.30%) compared to RMOP (1.21%). In terms of maximum drawdown, RMOP dropped -6.67% vs RMNY's -5.70%.

Which ETF is better, RMOP or RMNY?

On 1-year performance, RMOP leads with 10.23% vs 7.88% for RMNY. Both ETFs have the same 0.55% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMOP or RMNY?

Over the 1-year period, RMOP has performed better with a 10.23% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMOP or RMNY?

RMOP and RMNY have the same expense ratio: 0.55% per year.

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

RMOP has the higher dividend yield at 5.20%, compared with 4.31% for RMNY.

What is the main difference between RMOP and RMNY?

RMOP is categorized as High Yield Muni, while RMNY is Municipal Bonds.

Which has better risk-adjusted returns?

RMOP currently has the higher Sharpe Ratio (2.70 vs 2.01), 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.