TMNL vs VOO
T. Rowe Price Long Municipal Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | TMNL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.03% | |
| AUM | $22M | $997.4B | |
| Dividend Yield | 2.88% | 1.08% | |
| Holdings | 110 | 509 | |
| YTD Return | +1.29% | +12.25% | |
| 1Y Return | - | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -2.9% | -34.3% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 19, 2025 | Sep 7, 2010 |
TMNL vs VOO Performance
T. Rowe Price Long Municipal Income ETF (TMNL) is a ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, TMNL is up 1.29% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for TMNL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 2.88% against 1.08% for VOO.
Holdings Overlap
TMNL and VOO share 0 holdings out of 543 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, TMNL or VOO?
TMNL has an expense ratio of 0.26% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
What is the holdings overlap between TMNL and VOO?
TMNL and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, TMNL or VOO?
TMNL yields 2.88% while VOO yields 1.08%, so TMNL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.