RJMI vs. THYM

Last updated Jun 5, 2026

RJMI (RJ Eagle Municipal Income ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - RJMI is a Municipal Bonds fund actively managed by Carillon Tower Advisers, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. RJMI charges 0.41%/yr vs 0.32%/yr for THYM.

Performance

RJMI vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle Municipal Income ETF (RJMI) 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, RJMI achieves a 1.72% return, which is significantly lower than THYM's 3.70% return.

RJMI

• 1D: 0.08%
• 1M: 0.91%
• YTD: 1.72%
• 6M: 2.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THYM

• 1D: 0.36%
• 1M: 1.53%
• YTD: 3.70%
• 6M: 4.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RJMI vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
RJMI RJ Eagle Municipal Income ETF	1.72%	0.64%
THYM T. Rowe Price High Income Municipal ETF	3.70%	0.27%

Correlation

The correlation between RJMI and THYM is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.68

Return for Risk

RJMI vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Municipal Income ETF (RJMI) 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

	RJMI	THYM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	1.77	+0.50

Drawdowns

RJMI vs. THYM - Drawdown Comparison

The maximum RJMI drawdown since its inception was -3.04%, roughly equal to the maximum THYM drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for RJMI and THYM.

Drawdown Indicators

	RJMI	THYM	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-2.93%	-0.11%
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-0.66%	-0.49%	-0.17%

Volatility

Volatility by Period

	RJMI	THYM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	4.35%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	4.35%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	4.35%	-1.28%

RJMI vs. THYM - Expense Ratio Comparison

RJMI has a 0.41% expense ratio, which is higher than THYM's 0.32% expense ratio.

Dividends

RJMI vs. THYM - Dividend Comparison

RJMI's dividend yield for the trailing twelve months is around 1.95%, less than THYM's 2.18% yield.

Position	TTM	2025
RJMI RJ Eagle Municipal Income ETF	1.95%	0.61%
THYM T. Rowe Price High Income Municipal ETF	2.18%	0.37%

Frequently Asked Questions

Can I hold both RJMI and THYM in my portfolio?

RJMI and THYM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJMI or THYM?

On fees, THYM is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJMI or THYM?

THYM is cheaper with a 0.32% expense ratio, compared with 0.41% for RJMI.

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

THYM has the higher dividend yield at 2.18%, compared with 1.95% for RJMI.

What is the main difference between RJMI and THYM?

RJMI is categorized as Municipal Bonds, while THYM is High Yield Muni. They also come from different issuers: Carillon Tower Advisers and T. Rowe Price. Their fees differ too: 0.41% for RJMI and 0.32% for THYM.