IBMPvsTMNLETF Comparison
VS
iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and T. Rowe Price Long Municipal Income ETF (TMNL) belong to the same industry segment: Municipal Bonds. IBMP's top 2 sector exposures are Municipal and Non-Corporate. In contrast, TMNL's top sector exposures are Municipal. IBMP is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.26% for TMNL. IBMP is up 1.58% year-to-date (YTD) with +$65M in YTD flows. TMNL performs worse with 1.26% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of IBMP and TMNL 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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IBMP vs TMNL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMP TMNL | +0.30%-0.11% | +0.63%-0.95% | +1.58%+1.26% | +2.16%n/a | +9.66%n/a | +3.12%n/a |
| Flows | IBMP TMNL | +$9M- | +$20M- | +$65M+$1M | +$103M- | +$380M- | +$605M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMP TMNL | +0.34%+2.77% | +0.47%n/a | +1.34%n/a | +1.95%n/a |
| Max drawdown | IBMP TMNL | -0.10%-1.97% | -0.42%n/a | -1.69%n/a | -9.69%n/a |
| Max drawdown duration | IBMP TMNL | 20d56d | 90dn/a | 74dn/a | 1399dn/a |
Trading data
IBMP | TMNL | |
Last sale 9/1/2026 at 1:30 PM | $25.33 | $49.29 |
| Previous close 08/31/2026 | $25.40 | $49.29 |
| 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 August 31, 2026
1-year trailing difference
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TMNL
is actively managed and doesn’t replicate an indexIBMP | TMNL | |
|---|---|---|
| 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
IBMP | TMNL | |
|---|---|---|
| Last price | $25.33 | $49.29 |
| 1D performance | -0.28% | +0.01% |
| AuM | $663.67 M | $22.13 M |
| E/R | 0.1% | 0.26% |
Characteristics
IBMP | TMNL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | T. Rowe Price |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index | - |
| N° of holdings | 693 | 52 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 9, 2019 | November 19, 2025 |
| ESG | No | No |
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Exposure
Countries
IBMP
USA
51.41%
Other
48.59%
TMNL
USA
49.92%
Other
50.08%
Sectors
IBMP
Municipal
51.06%
Other
48.94%
TMNL
Municipal
49.92%
Other
50.08%
Diversification
IBMP
Total weight of top 15 holdings out of 15
5.18%
TMNL
Total weight of top 15 holdings out of 15
34.52%
Top 15 holdings
Data as of July 31, 2026
IBMP
Michigan, 5% 15mar2027, USD (2016)
0.45%
California, 5% 1apr2027, USD
0.44%
US91412HTM50
0.39%
US80585TCQ22
0.37%
Geisinger Authority Health System, 5% 1apr2043, USD (2021A)
0.36%
BlackRock Liquidity MuniCash
0.35%
US09182NCB47
0.34%
El Camino Community College District, 0% 1aug2027, USD (2012C)
0.33%
US100853UQ10
0.33%
New Jersey, 5% 1jun2027, USD
0.32%
New Jersey Transportation Trust Fund Authority, 5% 15jun2027, USD (2011A)
0.32%
California Health Facilities Financing Authority, 5% 1nov2027, USD (2017A)
0.31%
District of Columbia, 5% 1oct2027, USD (2019C)
0.29%
Illinois, 5% 1nov2027, USD (2017D)
0.28%
Triborough Bridge and Tunnel Authority, 5% 15may2027, USD (2021C-2)
0.28%
TMNL
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
4.70%
US42605KAB26
3.36%
US41423PDY07
3.07%
US914713W996
2.68%
New York Transitional Finance Authority, 5% 1may2051, USD (2026)
2.29%
Chesapeake Bay Bridge And Tunnel District, 5% 1jul2041, USD (2016)
2.25%
Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B)
2.03%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
1.88%
US249182LT15
1.84%
Salt Lake City Airport, 5.25% 1jul2053, USD (2023A)
1.82%
US574218T373
1.80%
North Carolina Turnpike Authority, 4% 1jan2039, USD
1.78%
New York Mortgage Agency, 3.4% 1oct2030, USD
1.75%
Virginia Small Business Financing Authority, 5% 31dec2056, USD (2017)
1.65%
US57419TTP65
1.60%
Frequently asked questions about IBMP and TMNL
How have the IBMP and TMNL ETFs performed in 2026?
As of August 31, 2026, IBMP is up 1.58% year-to-date (YTD), while TMNL has returned 1.26%. That puts IBMP better performer ahead so far this year.
Which ETF is attracting more investor money: IBMP or TMNL?
Year-to-date, the IBMP ETF saw +$65M in flows, compared to +$1M for TMNL.
Which ETF is bigger: IBMP or TMNL?
As of August 31, 2026, IBMP holds $663.67 M in assets under management (AUM), while TMNL manages $22.13 M.
What sectors do the IBMP and TMNL ETFs invest in?
IBMP leans toward sectors like Municipal. Meanwhile, TMNL focuses on Municipal.
What are the top holdings of the IBMP ETF and TMNL ETF?
IBMP top holdings include Michigan, 5% 15mar2027, USD (2016), California, 5% 1apr2027, USD and US91412HTM50. TMNL holds in its top three: New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026), US42605KAB26 and US41423PDY07.
Which ETF is more diversified: IBMP or TMNL?
IBMP holds 1833 securities with 5.18% of its assets in the top 15. TMNL has 113 securities and a top 15 weight of 34.52%.
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