TMNL vs MUSQ
Comparison between T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF) and MUSQ GLOBAL MUSIC INDUSTRY INDEX ETF (MUSQ, ETF).
TMNL vs MUSQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TMNL
$23M
Winner
MUSQ
$23M
Expense Ratio
Winner
TMNL
0.26%
MUSQ
0.76%
Max Drawdown
Winner
TMNL
3.18%
MUSQ
23.60%
Sharpe Ratio
Winner
TMNL
0.27
MUSQ
-0.62
5Y Beta
Winner
TMNL
0.13
MUSQ
0.86
P/E Ratio
TMNL
N/A
MUSQ
52.96
Forward P/E
TMNL
N/A
MUSQ
25.43
PEG Ratio
TMNL
N/A
MUSQ
0.63
Debt to Equity
TMNL
N/A
MUSQ
169.45%
P/S Ratio
TMNL
N/A
MUSQ
1.77
P/B Ratio
TMNL
N/A
MUSQ
5.85
TMNL vs MUSQ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TMNL
+0.73%
MUSQ
-0.97%
3M
Winner
TMNL
+1.60%
MUSQ
-1.66%
6M
Winner
TMNL
+2.75%
MUSQ
-7.94%
1Y
TMNL
N/A
MUSQ
-8.38%
Max(CAGR)
Winner
TMNL
+4.89%
MUSQ
+1.51%
TMNL vs MUSQ - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | TMNL | MUSQ |
|---|---|---|
| 2026 | +2.28% | -9.94% |
| 2025 | +0.34% | +19.92% |
| 2024 | N/A | -3.31% |
| 2023 | N/A | +1.76% |
TMNL vs MUSQ Drawdown Comparison
The maximum drawdown for TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The maximum drawdown for MUSQ was -23.12%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The current TMNL drawdown is -0.18%. The current MUSQ drawdown is -15.73%.
| Rank | TMNL | MUSQ |
|---|---|---|
| #1 | -2.94% Feb 26, 2026 - Jun 1, 2026 | -23.12% Sep 16, 2025 - Mar 27, 2026 |
| #2 | -0.56% Nov 26, 2025 - Jan 5, 2026 | -18.82% Feb 14, 2025 - May 20, 2025 |
| #3 | -0.54% Jan 14, 2026 - Jan 30, 2026 | -15.69% Jul 18, 2023 - May 6, 2024 |
| #4 | -0.44% Jun 4, 2026 - Jun 10, 2026 | -14.51% May 6, 2024 - Jan 30, 2025 |
| #5 | -0.25% Jan 9, 2026 - Jan 14, 2026 | -7.33% Jul 23, 2025 - Aug 13, 2025 |
| #6 | -0.22% Feb 10, 2026 - Feb 12, 2026 | -2.50% Aug 18, 2025 - Sep 8, 2025 |
| #7 | -0.20% Jun 2, 2026 - Jun 4, 2026 | -1.91% Jun 30, 2025 - Jul 17, 2025 |
| #8 | -0.16% Jan 7, 2026 - Jan 9, 2026 | -1.61% Jun 10, 2025 - Jun 23, 2025 |
| #9 | -0.15% Feb 5, 2026 - Feb 9, 2026 | -1.57% May 27, 2025 - Jun 4, 2025 |
| #10 | -0.08% Feb 2, 2026 - Feb 5, 2026 | -1.09% May 20, 2025 - May 27, 2025 |
| #11 | -0.08% Feb 24, 2026 - Feb 26, 2026 | -0.94% Jan 30, 2025 - Feb 4, 2025 |
| #12 | -0.05% Nov 20, 2025 - Nov 24, 2025 | -0.93% Jul 13, 2023 - Jul 18, 2023 |
| #13 | -0.03% Feb 17, 2026 - Feb 19, 2026 | -0.92% Jul 17, 2025 - Jul 22, 2025 |
| #14 | -0.01% Feb 19, 2026 - Feb 24, 2026 | -0.91% Jun 24, 2025 - Jun 26, 2025 |
| #15 | N/A | -0.53% Jul 7, 2023 - Jul 11, 2023 |
Correlation
Correlation between TMNL and MUSQ is -0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.20
-101
Dividend Comparison (2023 - 2026)
TMNL vs MUSQ dividend yield comparison.
| Year | TMNL | MUSQ |
|---|---|---|
| 2026 | 1.74% | 0.00% |
| 2025 | 0.39% | 0.63% |
| 2024 | 0.00% | 1.08% |
| 2023 | 0.00% | 0.74% |
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