TMNSvsBSMYETF Comparison
VS
T. Rowe Price Short Municipal Income ETF (TMNS) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both TMNS and BSMY have the same Total Expense Ratio (TER) of 0.18%. TMNS is up 0.4% year-to-date (YTD) with +$1M in YTD flows. BSMY performs worse with -2.78% YTD performance, and +$70M in YTD flows. Run a side-by-side ETF comparison of TMNS and BSMY 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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TMNS vs BSMY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMNS BSMY | -0.14%-0.01% | -1.05%-3.82% | +0.40%-2.78% | n/a-2.01% | n/an/a | n/an/a |
| Flows | TMNS BSMY | -$1M+$16M | +$1M+$23M | +$1M+$70M | -+$89M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMNS BSMY | +2.73%+5.92% | n/a+3.78% | n/an/a | n/an/a |
| Max drawdown | TMNS BSMY | -2.76%-6.71% | n/a-7.85% | n/an/a | n/an/a |
| Max drawdown duration | TMNS BSMY | 51d92d | n/a229d | n/an/a | n/an/a |
Trading data
TMNS | BSMY | |
Last sale 10/16/2026 at 1:30 PM | $49.10 | $23.27 |
| Previous close 10/15/2026 | $49.08 | $23.26 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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TMNS
is actively managed and doesn’t replicate an indexTMNS | BSMY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TMNS | BSMY | |
|---|---|---|
| Last price | $49.10 | $23.27 |
| 1D performance | +0.02% | +0.06% |
| AuM | $22.08 M | $155.44 M |
| E/R | 0.18% | 0.18% |
Characteristics
TMNS | BSMY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Invesco |
| Benchmark | - | ICE BulletShares Municipal Bond 2034 Index |
| N° of holdings | 58 | 380 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | September 11, 2024 |
| ESG | No | No |
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Exposure
Countries
TMNS
USA
29.18%
Other
70.82%
BSMY
USA
29.17%
Other
70.83%
Sectors
TMNS
Municipal
29.18%
Other
70.82%
BSMY
Municipal
29.17%
Other
70.83%
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Diversification
TMNS
Total weight of top 15 holdings out of 15
25.29%
BSMY
Total weight of top 15 holdings out of 15
5.69%
Top 15 holdings
Data as of August 31, 2026
TMNS
US23503CFK80
2.22%
US735240L842
2.13%
New York Housing Finance Agency, FRN 1may2049, USD
2.11%
US09182TCG04
1.87%
California Community Choice Financing Authority, 5.5% 1oct2054, USD (2023F)
1.82%
US650116DJ25
1.78%
New York Mortgage Agency, 3.4% 1oct2030, USD
1.67%
US735389D620
1.67%
US546068AZ00
1.55%
Illinois Toll Highway Authority, 5% 1jan2031, USD
1.55%
US425507GL89
1.44%
US64988YQ831
1.40%
US04052FDU66
1.38%
Puerto Rico, 5.75% 1jul2031, USD
1.37%
US187145WS29
1.35%
BSMY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.61%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.52%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.50%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.44%
Massachusetts, 5% 1jan2054, USD (2024)
0.44%
Triborough Bridge and Tunnel Authority, 3% 15nov2034, USD
0.40%
University of Missouri System Facilities, 5% 1nov2034, USD (2024)
0.40%
South Carolina Public Service Authority, 5.25% 1dec2054, USD (2024)
0.35%
US64972JGW27
0.31%
US89602HHH30
0.30%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.29%
US59260XCG16
0.28%
US65000B8S01
0.28%
US97705MJ897
0.28%
US57584Y7K96
0.27%
Frequently asked questions about TMNS and BSMY
How have the TMNS and BSMY ETFs performed in 2026?
As of October 15, 2026, TMNS is up 0.4% year-to-date (YTD), while BSMY has lost -2.78%. That puts TMNS better performer ahead so far this year.
Which ETF is attracting more investor money: TMNS or BSMY?
Year-to-date, the TMNS ETF saw +$1M in flows, compared to +$70M for BSMY.
Which ETF is bigger: TMNS or BSMY?
As of October 15, 2026, TMNS holds $22.08 M in assets under management (AUM), while BSMY manages $155.44 M.
What sectors do the TMNS and BSMY ETFs invest in?
TMNS leans toward sectors like Municipal. Meanwhile, BSMY focuses on Municipal.
What are the top holdings of the TMNS ETF and BSMY ETF?
TMNS top holdings include US23503CFK80, US735240L842 and New York Housing Finance Agency, FRN 1may2049, USD. BSMY holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1) and Los Angeles Unified School District, 5% 1jul2034, USD (2024A).
Which ETF is more diversified: TMNS or BSMY?
TMNS holds 208 securities with 25.29% of its assets in the top 15. BSMY has 1972 securities and a top 15 weight of 5.69%.
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