TGRT vs. THYM

Last updated Jun 25, 2026

TGRT (T. Rowe Price Growth ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - TGRT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. TGRT charges 0.38%/yr vs 0.32%/yr for THYM.

Performance

TGRT vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth ETF (TGRT) 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, TGRT achieves a 0.43% return, which is significantly lower than THYM's 4.16% return.

TGRT

• 1D: 0.25%
• 1M: -3.77%
• YTD: 0.43%
• 6M: -0.83%
• 1Y: 13.17%
• 3Y*: 21.20%
• 5Y*: —
• 10Y*: —

THYM

• 1D: 0.53%
• 1M: 2.22%
• YTD: 4.16%
• 6M: 4.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TGRT vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
TGRT T. Rowe Price Growth ETF	0.43%	2.30%
THYM T. Rowe Price High Income Municipal ETF	4.16%	0.25%

Correlation

The correlation between TGRT and THYM is 0.36, 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 20, 2025	0.36

Return for Risk

TGRT vs. THYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGRT

TGRT Risk / Return Rank: 22
TGRT Sharpe Ratio Rank: 24
TGRT Sortino Ratio Rank: 22
TGRT Omega Ratio Rank: 22
TGRT Calmar Ratio Rank: 19
TGRT Martin Ratio Rank: 21

THYM

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGRT vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TGRT	THYM	Difference
Sharpe ratio: Return per unit of total volatility	0.78	—	—
Sortino ratio: Return per unit of downside risk	1.16	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.74	—	—
Martin ratio: Return relative to average drawdown	2.37	—	—

Drawdowns

TGRT vs. THYM - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, which is greater than THYM's maximum drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for TGRT and THYM.

Drawdown Indicators

	TGRT	THYM	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-2.93%	-19.11%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	—	—
Current Drawdown Current decline from peak	-6.48%	0.00%	-6.48%
Average Drawdown Average peak-to-trough decline	-3.30%	-0.46%	-2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	—	—

Volatility

Volatility by Period

	TGRT	THYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	4.35%	+12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	4.35%	+14.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	4.35%	+14.88%

TGRT vs. THYM - Expense Ratio Comparison

TGRT has a 0.38% expense ratio, which is higher than THYM's 0.32% expense ratio.

Dividends

TGRT vs. THYM - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.08%, less than THYM's 2.17% yield.

Position	TTM	2025	2024	2023
TGRT T. Rowe Price Growth ETF	0.08%	0.08%	0.09%	0.06%
THYM T. Rowe Price High Income Municipal ETF	2.17%	0.37%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TGRT and THYM in my portfolio?

TGRT and THYM have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TGRT 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, TGRT or THYM?

THYM is cheaper with a 0.32% expense ratio, compared with 0.38% for TGRT.

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

THYM has the higher dividend yield at 2.17%, compared with 0.08% for TGRT.

What is the main difference between TGRT and THYM?

TGRT is categorized as Large Cap Growth Equities, while THYM is High Yield Muni. Their fees differ too: 0.38% for TGRT and 0.32% for THYM.