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TEQI vs TMNS

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

TEQI

T. Rowe Price Equity Income ETF

T. Rowe Price

Annual cost

0.54%

Fund size

$403M

TMNS

T. Rowe Price Short Municipal Income ETF

T. Rowe Price

Annual cost

0.18%

Fund size

$21M

Key differences

  • TMNS costs 0.36% less per year.
  • TEQI is significantly larger than TMNS — larger funds tend to be more liquid and less likely to close.
  • TEQI is classified as equity, while TMNS is fixed income — different risk/return profiles.
  • TEQI follows a active selection strategy; TMNS uses index tracking.
  • TEQI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TEQITMNS
Annual cost (TER)0.54%0.18%
Fund size (AUM)$403M$21M
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%-1.28%

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

Similar to TEQI and TMNS