TMNLvsMUNXETF Comparison
VS
T. Rowe Price Long Municipal Income ETF (TMNL) and AMG GW&K Muni Income ETF (MUNX) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TMNL is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.29% for MUNX. TMNL is up 1.26% year-to-date (YTD) with +$1M in YTD flows. MUNX performs worse with 0.57% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of TMNL and MUNX 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 MUNX 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 MUNX | -0.11%-0.13% | -0.95%-1.03% | +1.26%+0.57% | n/an/a | n/an/a | n/an/a |
| Flows | TMNL MUNX | -- | -+$2M | +$1M+$10M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMNL MUNX | +2.77%+2.74% | n/an/a | n/an/a | n/an/a |
| Max drawdown | TMNL MUNX | -1.97%-1.95% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | TMNL MUNX | 56d56d | n/an/a | n/an/a | n/an/a |
Trading data
TMNL | MUNX | |
Last sale 9/2/2026 at 1:30 PM | $48.96 | $24.42 |
| Previous close 09/01/2026 | $48.95 | $24.39 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
TMNL | MUNX | |
|---|---|---|
| Last price | $48.96 | $24.42 |
| 1D performance | +0.00% | +0.12% |
| AuM | $22.13 M | $19.66 M |
| E/R | 0.26% | 0.29% |
Characteristics
TMNL | MUNX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | AMG |
| Benchmark | - | - |
| N° of holdings | 52 | 39 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | October 29, 2025 |
| ESG | No | No |
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Exposure
Countries
TMNL
USA
49.92%
Other
50.08%
MUNX
USA
50.25%
Other
49.75%
Sectors
TMNL
Municipal
49.92%
Other
50.08%
MUNX
Municipal
50.25%
Other
49.75%
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Diversification
TMNL
Total weight of top 15 holdings out of 15
34.52%
MUNX
Total weight of top 15 holdings out of 15
32.67%
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%
MUNX
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
3.06%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
2.64%
US70868YAL39
2.57%
US03843TBQ31
2.23%
Houston, 5% 1sep2038, USD (2026C)
2.19%
US717823Y444
2.16%
US65889BEL45
2.15%
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
2.13%
US46613SGA24
2.09%
Massachusetts Development Finance Agency, 5.5% 1oct2044, USD (2026A)
2.03%
Texas Private Activity Bond Surface Transportation Corp., 5% 30jun2058, USD (2019)
1.98%
US74448EAA29
1.92%
New York Urban Development Corp., 4% 31oct2034, USD (2021)
1.89%
New York Transportation Development Corp., 5% 1oct2040, USD (2020)
1.81%
US84136HCT86
1.80%
Frequently asked questions about TMNL and MUNX
How have the TMNL and MUNX ETFs performed in 2026?
As of August 31, 2026, TMNL is up 1.26% year-to-date (YTD), while MUNX has returned 0.57%. That puts TMNL better performer ahead so far this year.
Which ETF is attracting more investor money: TMNL or MUNX?
Year-to-date, the TMNL ETF saw +$1M in flows, compared to +$10M for MUNX.
Which ETF is bigger: TMNL or MUNX?
As of August 31, 2026, TMNL holds $22.13 M in assets under management (AUM), while MUNX manages $19.66 M.
What sectors do the TMNL and MUNX ETFs invest in?
TMNL leans toward sectors like Municipal. Meanwhile, MUNX focuses on Municipal.
What are the top holdings of the TMNL ETF and MUNX ETF?
TMNL top holdings include New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026), US42605KAB26 and US41423PDY07. MUNX holds in its top three: Commonwealth Financing Authority, 4% 1jun2039, USD (2018), County of Jefferson (AL), 5.5% 1oct2053, USD (2024) and US70868YAL39.
Which ETF is more diversified: TMNL or MUNX?
TMNL holds 113 securities with 34.52% of its assets in the top 15. MUNX has 74 securities and a top 15 weight of 32.67%.
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