NYM vs. THYM

Last updated Jun 4, 2026

NYM (AB New York Intermediate Municipal ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - NYM is a Municipal Bonds fund actively managed by AllianceBernstein, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. NYM charges 0.27%/yr vs 0.32%/yr for THYM.

Performance

NYM vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB New York Intermediate Municipal ETF (NYM) and T. Rowe Price High Income Municipal ETF (THYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NYM achieves a 1.43% return, which is significantly lower than THYM's 3.33% return.

NYM

• 1D: 0.04%
• 1M: 0.48%
• YTD: 1.43%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THYM

• 1D: 0.14%
• 1M: 1.14%
• YTD: 3.33%
• 6M: 3.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NYM vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
NYM AB New York Intermediate Municipal ETF	1.43%	0.43%
THYM T. Rowe Price High Income Municipal ETF	3.33%	0.27%

Correlation

The correlation between NYM and THYM is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.49

Return for Risk

NYM vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) and T. Rowe Price High Income Municipal ETF (THYM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NYM	THYM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	1.62	+0.01

Drawdowns

NYM vs. THYM - Drawdown Comparison

The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum THYM drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for NYM and THYM.

Drawdown Indicators

	NYM	THYM	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-2.93%	+1.17%
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.42%	-0.49%	+0.07%

Volatility

Volatility by Period

	NYM	THYM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	4.35%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	4.35%	-2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	4.35%	-2.29%

NYM vs. THYM - Expense Ratio Comparison

NYM has a 0.27% expense ratio, which is lower than THYM's 0.32% expense ratio.

Dividends

NYM vs. THYM - Dividend Comparison

NYM's dividend yield for the trailing twelve months is around 1.73%, less than THYM's 2.18% yield.

Position	TTM	2025
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%
THYM T. Rowe Price High Income Municipal ETF	2.18%	0.37%

Frequently Asked Questions

Can I hold both NYM and THYM in my portfolio?

NYM and THYM have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYM or THYM?

On fees, NYM is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NYM or THYM?

NYM is cheaper with a 0.27% expense ratio, compared with 0.32% for THYM.

Which ETF pays a higher dividend yield, NYM or THYM?

THYM has the higher dividend yield at 2.18%, compared with 1.73% for NYM.

What is the main difference between NYM and THYM?

NYM is categorized as Municipal Bonds, while THYM is High Yield Muni. They also come from different issuers: AllianceBernstein and T. Rowe Price. Their fees differ too: 0.27% for NYM and 0.32% for THYM.