TFIvsTHYMETF Comparison
VS
State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) and T. Rowe Price High Income Municipal ETF (THYM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TFI is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.32% for THYM. TFI is down -3.04% year-to-date (YTD) with -$855K in YTD flows. THYM performs better with 0.39% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of TFI and THYM 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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TFI vs THYM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TFI THYM | -3.31%-2.06% | -4.42%-3.22% | -3.04%+0.39% | -1.80%n/a | +7.78%n/a | -4.66%n/a |
| Flows | TFI THYM | -$136M+$2M | -$100M+$5M | -$855K+$7M | -$281M- | -$667M- | -$287M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TFI THYM | +3.61%+3.84% | +2.69%n/a | +4.03%n/a | +4.04%n/a |
| Max drawdown | TFI THYM | -4.83%-4.07% | -4.98%n/a | -6.06%n/a | -14.88%n/a |
| Max drawdown duration | TFI THYM | 79d79d | 206dn/a | 277dn/a | 1513dn/a |
Trading data
TFI | THYM | |
Last sale 9/24/2026 at 1:30 PM | $43.06 | $48.22 |
| Previous close 09/23/2026 | $43.26 | $48.27 |
| Consolidated volume 09/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 25, 2026
1-year trailing difference
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THYM
is actively managed and doesn’t replicate an indexTFI | THYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/24/2026 at 1:30 PM
Live
Closed
TFI | THYM | |
|---|---|---|
| Last price | $43.06 | $48.22 |
| 1D performance | -0.46% | -0.11% |
| AuM | $2.85 B | $29.24 M |
| E/R | 0.23% | 0.32% |
Characteristics
TFI | THYM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | T. Rowe Price |
| Benchmark | ICE 1+ Year AMT‑Free Broad Municipal Index | - |
| N° of holdings | 818 | 93 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2007 | November 19, 2025 |
| ESG | No | No |
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Exposure
Countries
TFI
USA
42.65%
Other
57.35%
THYM
USA
42.5%
Other
57.5%
Sectors
TFI
Municipal
42.65%
Other
57.35%
THYM
Municipal
42.5%
Other
57.5%
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Diversification
TFI
Total weight of top 15 holdings out of 15
2.89%
THYM
Total weight of top 15 holdings out of 15
17.54%
Top 15 holdings
Data as of July 31, 2026
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%
US64972GE598
0.19%
US373385LV30
0.19%
US574204S201
0.19%
US574193VL92
0.19%
US764581KP80
0.18%
California, 5% 1nov2032, USD
0.18%
US677523KE13
0.18%
US010831EC55
0.18%
City of New York, 5% 1aug2029, USD
0.17%
THYM
US74529JQM08
1.81%
Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B)
1.69%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.44%
US13078YXQ33
1.19%
Puerto Rico, FRN 1nov2051, USD
1.17%
US717901CE01
1.15%
US246372BC95
1.14%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
1.09%
Puerto Rico, 4% 1jul2046, USD
1.04%
US246387RS50
1.03%
US86607JAD63
1.01%
US13048V6W31
1.00%
US574218T373
0.96%
US60416UW684
0.94%
US165588FN90
0.89%
Frequently asked questions about TFI and THYM
How have the TFI and THYM ETFs performed in 2026?
As of September 23, 2026, TFI is down -3.04% year-to-date (YTD), while THYM has returned 0.39%. That puts THYM better performer ahead so far this year.
Which ETF is attracting more investor money: TFI or THYM?
Year-to-date, the TFI ETF saw -$855K in flows, compared to +$7M for THYM.
Which ETF is bigger: TFI or THYM?
As of September 23, 2026, TFI holds $2.85 B in assets under management (AUM), while THYM manages $29.24 M.
What sectors do the TFI and THYM ETFs invest in?
TFI leans toward sectors like Municipal. Meanwhile, THYM focuses on Municipal.
What are the top holdings of the TFI ETF and THYM ETF?
TFI top holdings include California, 5% 1nov2027, USD, City of New York, 5% 1aug2033, USD (2018) and US91412HWK57. THYM holds in its top three: US74529JQM08, Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B) and Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2).
Which ETF is more diversified: TFI or THYM?
TFI holds 1904 securities with 2.89% of its assets in the top 15. THYM has 226 securities and a top 15 weight of 17.54%.
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