BMOPvsTFIETF Comparison
VS
BNY Mellon Municipal Opportunities ETF (BMOP) and State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belong to the same industry segment: Municipal Bonds. BMOP's top 3 sector exposures are Municipal, Sovereign and Industrials. In contrast, TFI's top sector exposures are Municipal. BMOP is more expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.23% for TFI. Run a side-by-side ETF comparison of BMOP and TFI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BMOP vs TFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BMOP TFI | -0.23%-0.15% | -0.85%-1.20% | n/a-0.13% | n/a+3.64% | n/a+8.35% | n/a-2.02% |
| Flows | BMOP TFI | +$985K-$58M | -$13M-$93K | -+$108M | --$158M | --$625M | --$43M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BMOP TFI | +2.51%+2.54% | n/a+2.47% | n/a+4.00% | n/a+3.99% |
| Max drawdown | BMOP TFI | -1.97%-2.01% | n/a-2.76% | n/a-6.06% | n/a-14.91% |
| Max drawdown duration | BMOP TFI | 56d56d | n/a183d | n/a277d | n/a1639d |
Trading data
BMOP | TFI | |
Last sale 9/1/2026 at 1:30 PM | $24.42 | $44.32 |
| Previous close 08/31/2026 | $24.60 | $44.66 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 1, 2026
1-year trailing difference
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BMOP
is actively managed and doesn’t replicate an indexBMOP | TFI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
BMOP | TFI | |
|---|---|---|
| Last price | $24.42 | $44.32 |
| 1D performance | -0.72% | -0.77% |
| AuM | $1.75 B | $3.05 B |
| E/R | 0.54% | 0.23% |
Characteristics
BMOP | TFI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | BNY Mellon | State Street Investment Management |
| Benchmark | - | ICE 1+ Year AMT‑Free Broad Municipal Index |
| N° of holdings | 244 | 818 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
BMOP
USA
43.44%
Other
56.56%
TFI
USA
42.65%
Other
57.35%
Sectors
BMOP
Municipal
42.76%
Other
57.24%
TFI
Municipal
42.65%
Other
57.35%
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Diversification
BMOP
Total weight of top 15 holdings out of 15
9.93%
TFI
Total weight of top 15 holdings out of 15
2.89%
Top 15 holdings
Data as of July 31, 2026
BMOP
US45884AF813
0.90%
California Community Choice Financing Authority, 5% 1nov2033, USD (2025F)
0.79%
US052398FE91
0.76%
US745160SG73
0.74%
US575579U623
0.67%
University of Texas, 5% 1jul2041, USD (2023A)
0.63%
US57421CNT70
0.62%
US544532LU62
0.62%
State of Washington, 5% 1aug2040, USD (2024A)
0.62%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.60%
Tennergy Corp., 5% 1oct2054, USD (2024)
0.60%
US56035DHT28
0.60%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.59%
US45130ABS33
0.59%
US896035DL36
0.59%
TFI
California, 5% 1nov2027, USD
0.23%
City of New York, 5% 1aug2033, USD (2018)
0.21%
US91412HWK57
0.20%
US55844RWX87
0.20%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US574193VL92
0.19%
US373385LV30
0.19%
US574204S201
0.19%
US64972GE598
0.19%
California, 5% 1nov2032, USD
0.18%
US764581KP80
0.18%
US010831EC55
0.18%
US677523KE13
0.18%
California, 5% 1nov2031, USD
0.17%
Frequently asked questions about BMOP and TFI
Which ETF is bigger: BMOP or TFI?
As of August 31, 2026, BMOP holds $1.75 B in assets under management (AUM), while TFI manages $3.05 B.
What sectors do the BMOP and TFI ETFs invest in?
BMOP leans toward sectors like Municipal. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the BMOP ETF and TFI ETF?
BMOP top holdings include US45884AF813, California Community Choice Financing Authority, 5% 1nov2033, USD (2025F) and US052398FE91. TFI holds in its top three: California, 5% 1nov2027, USD, City of New York, 5% 1aug2033, USD (2018) and US91412HWK57.
Which ETF is more diversified: BMOP or TFI?
BMOP holds 666 securities with 9.93% of its assets in the top 15. TFI has 1904 securities and a top 15 weight of 2.89%.
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