TMNL vs VXUS

Quick Verdict

VXUS has a lower expense ratio. VXUS offers more diversification with 7861 holdings.

Lower Fees: VXUSHigher Returns: TiedMore Diversified: VXUS

Side-by-Side Comparison

MetricTMNLVXUSWinner
Expense Ratio0.26%0.05%
AUM$22M$156.5B
Dividend Yield2.13%2.60%
Holdings1108,747
YTD Return+1.92%+14.07%
1Y Return-+27.24%
3Y Return (annualized)-+19.27%
5Y Return (annualized)-+9.14%
Volatility (annualized)-15.1%
Max Drawdown-2.9%-39.9%
Fund FamilyT.Rowe PriceVanguard (US)
CategoryFixed IncomeEquity
InceptionNov 19, 2025Jan 26, 2011

TMNL vs VXUS Performance

T. Rowe Price Long Municipal Income ETF (TMNL) is a ETF from T.Rowe Price and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Year to date, TMNL is up 1.92% versus a gain of 14.07% for VXUS.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -2.9% for TMNL and -39.9% for VXUS. 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 VXUS charges 0.05%. On a $10,000 position that is $26 vs $5 annually, a gap of $21 per year that compounds over a long holding period. On income, TMNL currently yields 2.13% against 2.60% for VXUS.

Holdings Overlap

0.0%overlap

TMNL and VXUS share 0 holdings out of 7899 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 VXUS?

TMNL has an expense ratio of 0.26% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $21 per year of difference.

What is the holdings overlap between TMNL and VXUS?

TMNL and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7899 unique securities.

Which pays a higher dividend, TMNL or VXUS?

TMNL yields 2.13% while VXUS yields 2.60%, so VXUS currently pays the higher dividend yield.

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