RMOP vs. THYM
RMOP (Rockefeller Opportunistic Municipal Bond ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both High Yield Muni funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. RMOP charges 0.55%/yr vs 0.32%/yr for THYM.
Performance
RMOP vs. THYM - Performance Comparison
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Returns By Period
In the year-to-date period, RMOP achieves a 3.85% return, which is significantly higher than THYM's 3.61% return.
RMOP
- 1D
- -0.14%
- 1M
- 2.28%
- YTD
- 3.85%
- 6M
- 4.10%
- 1Y
- 9.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
THYM
- 1D
- -0.21%
- 1M
- 1.68%
- YTD
- 3.61%
- 6M
- 3.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMOP vs. THYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RMOP Rockefeller Opportunistic Municipal Bond ETF | 3.85% | 0.22% |
THYM T. Rowe Price High Income Municipal ETF | 3.61% | 0.25% |
Correlation
The correlation between RMOP and THYM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.75 |
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Return for Risk
RMOP vs. THYM — Risk / Return Rank
RMOP
THYM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RMOP vs. THYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller Opportunistic Municipal Bond ETF (RMOP) and T. Rowe Price High Income Municipal ETF (THYM). 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 | THYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.50 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | — | — |
| Martin ratioReturn relative to average drawdown | 12.59 | — | — |
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Drawdowns
RMOP vs. THYM - Drawdown Comparison
The maximum RMOP drawdown since its inception was -6.67%, which is greater than THYM's maximum drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for RMOP and THYM.
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Drawdown Indicators
| RMOP | THYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.67% | -2.93% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.24% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -0.47% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | — | — |
Volatility
RMOP vs. THYM - Volatility Comparison
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Volatility by Period
| RMOP | THYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 4.31% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 4.31% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 4.31% | +1.28% |
RMOP vs. THYM - Expense Ratio Comparison
RMOP has a 0.55% expense ratio, which is higher than THYM's 0.32% expense ratio.
Dividends
RMOP vs. THYM - Dividend Comparison
RMOP's dividend yield for the trailing twelve months is around 5.18%, more than THYM's 2.18% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
RMOP Rockefeller Opportunistic Municipal Bond ETF | 5.18% | 5.15% | 1.27% |
THYM T. Rowe Price High Income Municipal ETF | 2.18% | 0.37% | 0.00% |
Frequently Asked Questions
RMOP and THYM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, THYM is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THYM is cheaper with a 0.32% expense ratio, compared with 0.55% for RMOP.
RMOP has the higher dividend yield at 5.18%, compared with 2.18% for THYM.
They also come from different issuers: Rockefeller and T. Rowe Price. Their fees differ too: 0.55% for RMOP and 0.32% for THYM.
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