T. Rowe Price Short Municipal Income ETF (TMNS) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TMNS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TMNS
TMNS charges 0.18% annually. There are 22 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | TMNS vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | TMNS vs SCMB | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.89M | Aug 2025 | TMNS vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | TMNS vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | TMNS vs TAXI |
Best Risk-Adjusted Alternatives to TMNS
Among 107 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 9.88M | Sep 2024 | TMNS vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | TMNS vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TMNS vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | TMNS vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | TMNS vs GUMI |
Top Performing TMNS Alternatives (YTD)
TMNS is at 1.60% YTD. There are 72 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | TMNS vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.35% | 19.03M | Sep 2016 | TMNS vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.16% | 25.43M | Nov 2025 | TMNS vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.87% | 18.13M | Oct 2020 | TMNS vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | TMNS vs OVM |
Lowest Volatility Alternatives to TMNS
TMNS has 1.63% 1-year volatility. There are 30 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 30.59M | Sep 2025 | TMNS vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | TMNS vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | TMNS vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.78% | 30.06M | Jul 2025 | TMNS vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | TMNS vs FUMB |
Lowest Drawdown Alternatives to TMNS
Among 107 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | TMNS vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | TMNS vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | TMNS vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | TMNS vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | TMNS vs IBMO |
Other ETFs from T. Rowe Price
The 10 most viewed T. Rowe Price ETFs shown here include TCAF, TFLR, TDVG and span 7 categories. AUM among these funds goes as high as $7B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Capital Appreciation Equity ETF | Large Cap Blend Equities | 39 | 4.89% | 7.13B | Jun 2023 | TMNS vs TCAF | |
| T. Rowe Price Floating Rate ETF | Bank Loan | 78 | 1.25% | 625.68M | Nov 2022 | TMNS vs TFLR | |
| T. Rowe Price Dividend Growth ETF | Large Cap Growth Equities, Dividend | 58 | 8.26% | 1.36B | Aug 2020 | TMNS vs TDVG | |
| T. Rowe Price Ultra Short-Term Bond ETF | Ultrashort Bond | 99 | 1.93% | 1.17B | Sep 2021 | TMNS vs TBUX | |
| T. Rowe Price Blue Chip Growth ETF | Large Cap Growth Equities | 19 | -1.95% | 2.16B | Aug 2020 | TMNS vs TCHP | |
| T. Rowe Price US Equity Research ETF | Large Cap Blend Equities | 59 | 8.72% | 3.56B | Jun 2021 | TMNS vs TSPA | |
| T. Rowe Price Growth Stock ETF | Large Cap Growth Equities | 20 | -0.25% | 1.01B | Aug 2020 | TMNS vs TGRW | |
| T. Rowe Price U.S. High Yield ETF | High Yield Bonds | 60 | 1.96% | 818.81M | Oct 2022 | TMNS vs THYF | |
| T. Rowe Price International Equity ETF | Foreign Large Cap Equities | 40 | 9.19% | 1.52B | Jun 2023 | TMNS vs TOUS | |
| T. Rowe Price Growth ETF | Large Cap Growth Equities | 22 | 0.43% | 1.24B | Jun 2023 | TMNS vs TGRT |
Often Compared With TMNS
Investors most often compare TMNS with TAXS, HYMB, BSMR. These 3 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Trust Short-Term Tax-Exempt Bond ETF | Municipal Bonds, Short-Term Bond | — | 1.06% | 116.60M | Aug 2025 | TMNS vs TAXS | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | Municipal Bonds | 61 | 3.60% | 2.99B | Apr 2011 | TMNS vs HYMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | Municipal Bonds | 94 | 1.18% | 342.74M | Sep 2019 | TMNS vs BSMR |
Compare TMNS with Any Fund or Stock
Compare TMNS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TMNS with funds that move differently
T. Rowe Price Short Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TMNS.
Explore TMNS Diversifiers