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TEQI vs TMNL

T. Rowe Price Equity Income ETF vs T. Rowe Price Long Municipal Income ETF

TEQI

T. Rowe Price Equity Income ETF

T. Rowe Price

Annual cost

0.54%

Fund size

$403M

TMNL

T. Rowe Price Long Municipal Income ETF

T. Rowe Price

Annual cost

0.26%

Fund size

$23M

Key differences

  • TMNL costs 0.28% less per year.
  • TEQI is significantly larger than TMNL — larger funds tend to be more liquid and less likely to close.
  • TEQI is classified as equity, while TMNL is fixed income — different risk/return profiles.
  • TEQI follows a active selection strategy; TMNL uses index tracking.
  • TEQI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TEQITMNL
Annual cost (TER)0.54%0.26%
Fund size (AUM)$403M$23M
Since20202025
Dividend yield1.57%
Asset classequityfixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+23.3%N/A
CAGR 3Y+16.8%N/A
CAGR 5Y+9.4%N/A
Sharpe 3Y1.00N/A
Volatility 1Y10.62%
Max drawdown-17.82%-2.94%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to TEQI and TMNL