IBMQvsTMNLETF Comparison
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iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) and T. Rowe Price Long Municipal Income ETF (TMNL) belong to the same industry segment: Municipal Bonds. IBMQ's top 2 sector exposures are Municipal and Non-Corporate. In contrast, TMNL's top sector exposures are Municipal. IBMQ is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.26% for TMNL. IBMQ is up 0.95% year-to-date (YTD) with +$112M in YTD flows. TMNL performs worse with -0.79% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of IBMQ 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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IBMQ vs TMNL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMQ TMNL | +0.01%-0.08% | -0.28%-3.52% | +0.95%-0.79% | +1.38%n/a | +11.22%n/a | +3.03%n/a |
| Flows | IBMQ TMNL | +$13M+$2M | +$34M+$2M | +$112M+$4M | +$172M- | +$468M- | +$617M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMQ TMNL | +1.51%+5.96% | +0.99%n/a | +1.79%n/a | +2.37%n/a |
| Max drawdown | IBMQ TMNL | -1.57%-6.36% | -1.57%n/a | -2.26%n/a | -10.68%n/a |
| Max drawdown duration | IBMQ TMNL | 52d92d | 52dn/a | 212dn/a | 1300dn/a |
Trading data
IBMQ | TMNL | |
Last sale 10/19/2026 at 3:59 PM | $25.26 | $48.00 |
| Previous close 10/16/2026 | $25.27 | $48.04 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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TMNL
is actively managed and doesn’t replicate an indexIBMQ | 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 10/19/2026 at 3:59 PM
Live
Closed
IBMQ | TMNL | |
|---|---|---|
| Last price | $25.26 | $48.00 |
| 1D performance | -0.02% | -0.08% |
| AuM | $683.47 M | $24.00 M |
| E/R | 0.1% | 0.26% |
Characteristics
IBMQ | TMNL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | T. Rowe Price |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index | - |
| N° of holdings | 908 | 52 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 16, 2019 | November 19, 2025 |
| ESG | No | No |
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Exposure
Countries
IBMQ
USA
48.81%
Other
51.19%
TMNL
USA
48.25%
Other
51.75%
Sectors
IBMQ
Municipal
48.73%
Other
51.27%
TMNL
Municipal
48.25%
Other
51.75%
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Diversification
IBMQ
Total weight of top 15 holdings out of 15
5.74%
TMNL
Total weight of top 15 holdings out of 15
32.75%
Top 15 holdings
Data as of August 31, 2026
IBMQ
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.56%
US13034A5B23
0.51%
New York Metropolitan Transportation Authority, 5% 15nov2028, USD (2020E)
0.48%
Pennsylvania, 5% 1jan2028, USD (2017)
0.42%
US235219UU41
0.40%
California, 5% 1oct2030, USD
0.39%
Kentucky Public Energy Authority, 4% 1feb2050, USD
0.38%
New Jersey, 5% 1jun2028, USD
0.38%
New York Transitional Finance Authority, 5% 15jul2031, USD
0.36%
Illinois, 5% 1oct2028, USD (2018A)
0.33%
US60374VEW90
0.32%
Missouri Board of Public Buildings, 4% 1oct2028, USD
0.31%
US18085PTE42
0.30%
North Texas Tollway Authority, 0% 1jan2028, USD (2008D, 7212D)
0.30%
US161045NS42
0.30%
TMNL
US42605KAB26
3.39%
US41423PDY07
3.08%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
3.04%
US914713W996
2.67%
New York Transitional Finance Authority, 5% 1may2051, USD (2026)
2.27%
Chesapeake Bay Bridge And Tunnel District, 5% 1jul2041, USD (2016)
2.26%
Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B)
2.04%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
1.89%
US249182LT15
1.84%
Salt Lake City Airport, 5.25% 1jul2053, USD (2023A)
1.83%
US574218T373
1.81%
New York Mortgage Agency, 3.4% 1oct2030, USD
1.78%
North Carolina Turnpike Authority, 4% 1jan2039, USD
1.78%
Virginia Small Business Financing Authority, 5% 31dec2056, USD (2017)
1.63%
US57419TTP65
1.43%
Frequently asked questions about IBMQ and TMNL
How have the IBMQ and TMNL ETFs performed in 2026?
As of October 16, 2026, IBMQ is up 0.95% year-to-date (YTD), while TMNL has lost -0.79%. That puts IBMQ better performer ahead so far this year.
Which ETF is attracting more investor money: IBMQ or TMNL?
Year-to-date, the IBMQ ETF saw +$112M in flows, compared to +$4M for TMNL.
Which ETF is bigger: IBMQ or TMNL?
As of October 16, 2026, IBMQ holds $683.47 M in assets under management (AUM), while TMNL manages $24.00 M.
What sectors do the IBMQ and TMNL ETFs invest in?
IBMQ leans toward sectors like Municipal. Meanwhile, TMNL focuses on Municipal.
What are the top holdings of the IBMQ ETF and TMNL ETF?
IBMQ top holdings include New Jersey Economic Development Authority, 5% 1mar2028, USD (2023), US13034A5B23 and New York Metropolitan Transportation Authority, 5% 15nov2028, USD (2020E). TMNL holds in its top three: US42605KAB26, US41423PDY07 and New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026).
Which ETF is more diversified: IBMQ or TMNL?
IBMQ holds 2776 securities with 5.74% of its assets in the top 15. TMNL has 115 securities and a top 15 weight of 32.75%.
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