IROCvsBMOPETF Comparison
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Invesco Rochester High Yield Municipal ETF (IROC) belongs to the US Aggregate Bonds segment. BNY Mellon Municipal Opportunities ETF (BMOP) is part of the Municipal Bonds segment. IROC's top 1 sector exposures are Municipal. In contrast, BMOP's top sector exposures are Municipal, Sovereign and Industrials. IROC is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.54% for BMOP. Run a side-by-side ETF comparison of IROC and BMOP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IROC vs BMOP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IROC BMOP | +0.66%+0.67% | -2.26%-1.97% | -2.14%n/a | -1.60%n/a | +14.22%n/a | n/an/a |
| Flows | IROC BMOP | +$34M-$161M | +$71M-$148M | +$98M- | +$138M- | +$173M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC BMOP | +5.73%+5.21% | +3.60%n/a | +3.52%n/a | n/an/a |
| Max drawdown | IROC BMOP | -6.05%-5.67% | -7.11%n/a | -7.11%n/a | n/an/a |
| Max drawdown duration | IROC BMOP | 71d71d | 109dn/a | 109dn/a | n/an/a |
Trading data
IROC | BMOP | |
Last sale 10/23/2026 at 1:30 PM | $48.70 | $23.92 |
| Previous close 10/22/2026 | $48.66 | $23.88 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
IROC | BMOP | |
|---|---|---|
| Last price | $48.70 | $23.92 |
| 1D performance | +0.08% | +0.19% |
| AuM | $198.29 M | $1.55 B |
| E/R | 0.4% | 0.54% |
Characteristics
IROC | BMOP | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | BNY Mellon |
| Benchmark | - | - |
| N° of holdings | 71 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
IROC
USA
40.88%
Other
59.12%
BMOP
USA
42.2%
Other
57.8%
Sectors
IROC
Municipal
40.88%
Other
59.12%
BMOP
Municipal
41.69%
Other
58.31%
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Diversification
IROC
Total weight of top 15 holdings out of 15
18.23%
BMOP
Total weight of top 15 holdings out of 15
9.9%
Top 15 holdings
Data as of August 31, 2026
IROC
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.28%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.28%
US13013JGF75
1.25%
US37353PWV74
1.25%
US812643H643
1.24%
US121342PQ61
1.24%
City of New York, FRN 1dec2047, USD
1.24%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.24%
Mississippi Business Finance Corp., FRN 1nov2035, USD (2010I)
1.24%
US677561LA84
1.24%
US686507NQ33
1.24%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
1.24%
US63608TBR05
1.09%
Texas, 5% 1aug2041, USD
1.07%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.05%
BMOP
US45884AF813
0.89%
California Community Choice Financing Authority, 5% 1nov2033, USD (2025F)
0.79%
US052398FE91
0.75%
US745160SG73
0.74%
US575579U623
0.67%
US57421CNT70
0.62%
University of Texas, 5% 1jul2041, USD (2023A)
0.62%
US544532LU62
0.62%
State of Washington, 5% 1aug2040, USD (2024A)
0.61%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.60%
US56035DHT28
0.60%
Tennergy Corp., 5% 1oct2054, USD (2024)
0.60%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.60%
US09182TLC98
0.60%
US896035DL36
0.59%
Frequently asked questions about IROC and BMOP
Which ETF is bigger: IROC or BMOP?
As of October 23, 2026, IROC holds $198.29 M in assets under management (AUM), while BMOP manages $1.55 B.
What sectors do the IROC and BMOP ETFs invest in?
IROC leans toward sectors like Municipal. Meanwhile, BMOP focuses on Municipal.
What are the top holdings of the IROC ETF and BMOP ETF?
IROC top holdings include Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A), Kentucky Public Energy Authority, 5% 1dec2033, USD (2025) and US13013JGF75. BMOP holds in its top three: US45884AF813, California Community Choice Financing Authority, 5% 1nov2033, USD (2025F) and US052398FE91.
Which ETF is more diversified: IROC or BMOP?
IROC holds 174 securities with 18.23% of its assets in the top 15. BMOP has 667 securities and a top 15 weight of 9.9%.
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