RMNY vs SPY
Rockefeller New York Municipal Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RMNY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 4.68% | 1.01% | |
| Holdings | 84 | 505 | |
| YTD Return | +2.26% | +13.39% | |
| 1Y Return | +7.36% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 4.5% | 15.3% | |
| Max Drawdown | -5.9% | -56.5% | |
| Fund Family | Rockefeller Capital Management | State Street Investment Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 12, 2024 | Jan 22, 1993 |
RMNY vs SPY Performance
Rockefeller New York Municipal Bond ETF (RMNY) is a ETF from Rockefeller Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RMNY returned +7.36% while SPY returned +22.52%. Year to date, RMNY is up 2.26% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.5% for RMNY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.9% for RMNY and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RMNY charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, RMNY currently yields 4.68% against 1.01% for SPY.
Holdings Overlap
RMNY and SPY share 0 holdings out of 533 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RMNY or SPY?
RMNY has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, RMNY or SPY?
Over the past year RMNY returned +7.36% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RMNY annualized +2.68% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, RMNY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.5% for RMNY. Worst drawdown: RMNY -5.9% vs SPY -56.5%.
Should I hold both RMNY and SPY?
RMNY and SPY have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMNY and SPY?
RMNY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, RMNY or SPY?
RMNY yields 4.68% while SPY yields 1.01%, so RMNY currently pays the higher dividend yield.
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