TMNL vs VYM
T. Rowe Price Long Municipal Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | TMNL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.04% | |
| AUM | $22M | $79.0B | |
| Dividend Yield | 2.13% | 2.86% | |
| Holdings | 110 | 568 | |
| YTD Return | +2.15% | +16.78% | |
| 1Y Return | - | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | - | 14.6% | |
| Max Drawdown | -2.9% | -58.8% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 19, 2025 | Nov 10, 2006 |
TMNL vs VYM Performance
T. Rowe Price Long Municipal Income ETF (TMNL) is a ETF from T.Rowe Price and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, TMNL is up 2.15% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for TMNL and -58.8% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $26 vs $4 annually, a gap of $22 per year that compounds over a long holding period. On income, TMNL currently yields 2.13% against 2.86% for VYM.
Holdings Overlap
TMNL and VYM share 0 holdings out of 596 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 VYM?
TMNL has an expense ratio of 0.26% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
What is the holdings overlap between TMNL and VYM?
TMNL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 596 unique securities.
Which pays a higher dividend, TMNL or VYM?
TMNL yields 2.13% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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