TPLSvsHYDETF Comparison
VS
Thornburg Core Plus Bond ETF (TPLS) belongs to the Intl Aggregate Bonds segment. VanEck High Yield Muni ETF (HYD) is part of the Municipal Bonds segment. TPLS's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, HYD's top sector exposures are Municipal. TPLS is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.32% for HYD. TPLS is down -1.27% year-to-date (YTD) with +$2M in YTD flows. HYD performs worse with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of TPLS and HYD 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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TPLS vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TPLS HYD | -0.29%-0.86% | -1.61%-3.95% | -1.27%-1.57% | -1.42%-0.91% | n/a+13.01% | n/a-4.06% |
| Flows | TPLS HYD | +$6M+$368M | +$6M+$62M | +$2M+$535M | +$2M+$981M | -+$1.81B | -+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS HYD | +4.34%+5.81% | +3.95%+3.64% | n/a+4.51% | n/a+4.67% |
| Max drawdown | TPLS HYD | -3.17%-6.17% | -4.59%-6.77% | n/a-6.77% | n/a-19.44% |
| Max drawdown duration | TPLS HYD | 52d92d | 229d102d | n/a102d | n/a1747d |
Trading data
TPLS | HYD | |
Last sale 10/16/2026 at 1:30 PM | $24.26 | $48.74 |
| Previous close 10/16/2026 | $24.23 | $48.82 |
| 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 October 19, 2026
1-year trailing difference
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TPLS
is actively managed and doesn’t replicate an indexTPLS | HYD | |
|---|---|---|
| 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
TPLS | HYD | |
|---|---|---|
| Last price | $24.26 | $48.74 |
| 1D performance | +0.12% | -0.16% |
| AuM | $20.38 M | $4.35 B |
| E/R | 0.45% | 0.32% |
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Exposure
Countries
TPLS
USA
56.46%
Other
43.54%
HYD
USA
60.08%
Other
39.92%
Sectors
TPLS
Sovereign
16.96%
Finance
11.36%
Industrials
7.18%
Other
64.5%
HYD
Municipal
60.08%
Other
39.92%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
29.4%
HYD
Total weight of top 15 holdings out of 15
8.65%
Top 15 holdings
Data as of August 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.61%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.61%
Thornburg Capital Management Fund
3.80%
US31427NEK19
2.04%
US693981AC68
1.61%
USA, TIPS 0.125% 15feb2051, USD
1.21%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
US3132DP3J51
0.93%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.91%
US3140W6XM92
0.73%
US00969YAA29
0.72%
US233824AA90
0.68%
US19688RAF64
0.68%
US85573HAA86
0.67%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about TPLS and HYD
How have the TPLS and HYD ETFs performed in 2026?
As of October 16, 2026, TPLS is down -1.27% year-to-date (YTD), while HYD has lost -1.57%. That puts TPLS better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or HYD?
Year-to-date, the TPLS ETF saw +$2M in flows, compared to +$535M for HYD.
Which ETF is more volatile: TPLS or HYD?
Over the past year, TPLS had a volatility of 3.95%, while HYD experienced 3.64%.
Which ETF is bigger: TPLS or HYD?
As of October 16, 2026, TPLS holds $20.38 M in assets under management (AUM), while HYD manages $4.35 B.
What sectors do the TPLS and HYD ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the TPLS ETF and HYD ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: TPLS or HYD?
TPLS holds 344 securities with 29.4% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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Latest news about TPLS & HYD
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