TMNS vs VYM
T. Rowe Price Short Municipal Income ETF vs Vanguard High Dividend Yield ETF
Which is better, TMNS or VYM?
Short Term Municipal Bond against Large Cap Value.
VYM 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 | TMNS | VYM |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $24M | $81.6B |
| Dividend Yield | 2.56% | 2.22% |
| Holdings | 185 | 613 |
| YTD Return | +0.32% | +10.96%Best |
| 1Y Return | - | +15.42% |
| 3Y Return (annualized) | - | +17.78% |
| 5Y Return (annualized) | - | +12.05% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Short Term Municipal Bond | Large Cap Value |
| Inception | Nov 19, 2025 | Nov 10, 2006 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
TMNS vs VYM 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.
TMNS vs VYM Performance
T. Rowe Price Short Municipal Income ETF (TMNS) is an ETF from T.Rowe Price and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Year to date, TMNS is up 0.32% versus a gain of 10.96% for VYM.
Past performance does not guarantee future results.
Fees and Cost Over Time
TMNS charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, TMNS currently yields 2.56% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 44 holdings in TMNS and 557 in VYM, totalling 24.5% and 99.2% 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 44 positions we hold weights for in TMNS and 557 in VYM, against full books of 185 and 613.
You are not choosing between two funds in isolation.
Whichever of TMNS and VYM 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, TMNS or VYM?
TMNS has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option, by $14 a year on a $10,000 investment.
Which pays a higher dividend, TMNS or VYM?
TMNS yields 2.56% while VYM yields 2.22%, so TMNS currently pays the higher dividend yield.
Is VYM better than TMNS?
VYM has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.