TMNL vs VOO
T. Rowe Price Long Municipal Income ETF vs Vanguard S&P 500 ETF
Which is better, TMNL or VOO?
Long Term Municipal Bond against Large Cap Blend.
VOO has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TMNL | VOO |
|---|---|---|
| Expense Ratio | 0.26% | 0.03%Best |
| AUM | $22M | $997.4B |
| Dividend Yield | 3.26% | 1.04% |
| Holdings | 114 | 509 |
| YTD Return | -1.21% | +11.55%Best |
| 1Y Return | - | +17.54% |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Municipal Bond | Large Cap Blend |
| Inception | Nov 19, 2025 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
TMNL vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
TMNL vs VOO Performance
T. Rowe Price Long Municipal Income ETF (TMNL) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, TMNL is down 1.21% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
TMNL charges 0.26% per year while VOO charges 0.03%. On a $10,000 position that is $26 vs $3 annually, a gap of $23 per year that compounds over a long holding period. On income, TMNL currently yields 3.26% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 38 holdings in TMNL and 505 in VOO, totalling 32.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 38 positions we hold weights for in TMNL and 505 in VOO, against full books of 114 and 509.
You are not choosing between two funds in isolation.
Whichever of TMNL and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TMNL or VOO?
TMNL has an expense ratio of 0.26% while VOO charges 0.03%. VOO is the cheaper option, by $23 a year on a $10,000 investment.
Which pays a higher dividend, TMNL or VOO?
TMNL yields 3.26% while VOO yields 1.04%, so TMNL currently pays the higher dividend yield.
Is VOO better than TMNL?
VOO has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.