TMNLvsIBMPETF Comparison
VS
T. Rowe Price Long Municipal Income ETF (TMNL) and iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) belong to the same industry segment: Municipal Bonds. TMNL's top 1 sector exposures are Municipal. In contrast, IBMP's top sector exposures are Municipal and Non-Corporate. TMNL is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.1% for IBMP. TMNL is up 1.26% year-to-date (YTD) with +$1M in YTD flows. IBMP performs better with 1.55% YTD performance, and +$65M in YTD flows. Run a side-by-side ETF comparison of TMNL and IBMP 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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TMNL vs IBMP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMNL IBMP | -0.11%+0.22% | -0.95%+0.60% | +1.26%+1.55% | n/a+2.12% | n/a+9.67% | n/a+3.11% |
| Flows | TMNL IBMP | -+$8M | -+$20M | +$1M+$65M | -+$103M | -+$380M | -+$605M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMNL IBMP | +2.77%+0.35% | n/a+0.47% | n/a+1.34% | n/a+1.95% |
| Max drawdown | TMNL IBMP | -1.97%-0.10% | n/a-0.42% | n/a-1.67% | n/a-9.68% |
| Max drawdown duration | TMNL IBMP | 56d20d | n/a90d | n/a63d | n/a1375d |
Trading data
TMNL | IBMP | |
Last sale 9/2/2026 at 1:30 PM | $48.96 | $25.33 |
| Previous close 09/01/2026 | $48.95 | $25.33 |
| Consolidated volume 09/01/2026 | ||
| 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 indexTMNL | IBMP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
TMNL | IBMP | |
|---|---|---|
| Last price | $48.96 | $25.33 |
| 1D performance | +0.00% | +0.00% |
| AuM | $22.13 M | $661.99 M |
| E/R | 0.26% | 0.1% |
Characteristics
TMNL | IBMP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index |
| N° of holdings | 52 | 693 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | August 9, 2019 |
| ESG | No | No |
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Exposure
Countries
TMNL
USA
49.92%
Other
50.08%
IBMP
USA
51.41%
Other
48.59%
Sectors
TMNL
Municipal
49.92%
Other
50.08%
IBMP
Municipal
51.06%
Other
48.94%
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Diversification
TMNL
Total weight of top 15 holdings out of 15
34.52%
IBMP
Total weight of top 15 holdings out of 15
5.18%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about TMNL and IBMP
How have the TMNL and IBMP ETFs performed in 2026?
As of August 31, 2026, TMNL is up 1.26% year-to-date (YTD), while IBMP has returned 1.55%. That puts IBMP better performer ahead so far this year.
Which ETF is attracting more investor money: TMNL or IBMP?
Year-to-date, the TMNL ETF saw +$1M in flows, compared to +$65M for IBMP.
Which ETF is bigger: TMNL or IBMP?
As of August 31, 2026, TMNL holds $22.13 M in assets under management (AUM), while IBMP manages $661.99 M.
What sectors do the TMNL and IBMP ETFs invest in?
TMNL leans toward sectors like Municipal. Meanwhile, IBMP focuses on Municipal.
What are the top holdings of the TMNL ETF and IBMP ETF?
TMNL top holdings include New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026), US42605KAB26 and US41423PDY07. IBMP holds in its top three: Michigan, 5% 15mar2027, USD (2016), California, 5% 1apr2027, USD and US91412HTM50.
Which ETF is more diversified: TMNL or IBMP?
TMNL holds 113 securities with 34.52% of its assets in the top 15. IBMP has 1833 securities and a top 15 weight of 5.18%.
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