THYM vs. TGRW
THYM (T. Rowe Price High Income Municipal ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both exchange-traded funds - THYM is a High Yield Muni fund actively managed by T. Rowe Price, while TGRW is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Both are actively managed. Their 0.30 correlation means their historical movements had little consistent relationship. THYM charges 0.32%/yr vs 0.52%/yr for TGRW.
Performance
THYM vs. TGRW - Performance Comparison
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Returns By Period
In the year-to-date period, THYM achieves a 2.25% return, which is significantly higher than TGRW's -0.41% return.
THYM
- 1D
- 0.00%
- 1M
- -2.31%
- 6M
- 1.43%
- YTD
- 2.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TGRW
- 1D
- 1.18%
- 1M
- -2.97%
- 6M
- 2.03%
- YTD
- -0.41%
- 1Y
- 8.07%
- 3Y*
- 17.00%
- 5Y*
- 6.77%
- 10Y*
- —
- ALL TIME*
- 10.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $159.62K | $239.67K | $596.13K | |
| $170.69K | $138.29K | $131.50K |
THYM vs. TGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
THYM T. Rowe Price High Income Municipal ETF | 2.25% | 0.25% |
TGRW T. Rowe Price Growth Stock ETF | -0.41% | 1.98% |
Correlation
The correlation between THYM and TGRW is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.30 |
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Return for Risk
THYM vs. TGRW — Risk / Return Rank
THYM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TGRW
THYM vs. TGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Income Municipal ETF (THYM) and T. Rowe Price Growth Stock ETF (TGRW). 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.
| THYM | TGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.29 | — |
| Martin ratioReturn relative to average drawdown | — | 0.86 | — |
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Drawdowns
THYM vs. TGRW - Drawdown Comparison
The maximum THYM drawdown since its inception was -2.93%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for THYM and TGRW.
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Drawdown Indicators
| THYM | TGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.93% | -43.33% | +40.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.33% | — |
Current DrawdownCurrent decline from peak | -2.31% | -7.58% | +5.27% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -12.29% | +11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.43% | — |
Volatility
THYM vs. TGRW - Volatility Comparison
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Volatility by Period
| THYM | TGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 18.24% | -13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 23.49% | -19.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 22.99% | -18.58% |
THYM vs. TGRW - Expense Ratio Comparison
THYM has a 0.32% expense ratio, which is lower than TGRW's 0.52% expense ratio.
Dividends
THYM vs. TGRW - Dividend Comparison
THYM's dividend yield for the trailing twelve months is around 2.99%, while TGRW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TGRW T. Rowe Price Growth Stock ETF | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.40% | 0.21% |
THYM T. Rowe Price High Income Municipal ETF | 2.99% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THYM and TGRW have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
THYM is cheaper with a 0.32% expense ratio, compared with 0.52% for TGRW.
THYM has the higher dividend yield at 2.99%, compared with 0.00% for TGRW.
THYM is categorized as High Yield Muni, while TGRW is Large Cap Growth Equities. Their fees differ too: 0.32% for THYM and 0.52% for TGRW.
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