VanEck Long Muni ETF (MLN)
MLN is a passive ETF by VanEck tracking the investment results of the Bloomberg AMT-Free Long Continuous. MLN launched on Jan 2, 2008 and has a 0.24% expense ratio.
ETF Info
| ISIN | US92189F5364 |
|---|---|
| CUSIP | 92189F536 |
| Issuer | VanEck |
| Inception Date | Jan 2, 2008 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg AMT-Free Long Continuous |
| Asset Class | Bond |
Expense Ratio
MLN has an expense ratio of 0.24%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MLN vs. ESEB, MLN vs. LKOR, MLN vs. VCLT, MLN vs. TLT, MLN vs. BLV, MLN vs. FALN, MLN vs. EMNT, MLN vs. SGOV, MLN vs. SJNK, MLN vs. BND
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VanEck Long Muni ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
VanEck Long Muni ETF had a return of 0.99% year-to-date (YTD) and 9.88% in the last 12 months. Over the past 10 years, VanEck Long Muni ETF had an annualized return of 2.17%, while the S&P 500 had an annualized return of 11.39%, indicating that VanEck Long Muni ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.99% | 25.45% |
| 1 month | -0.74% | 2.91% |
| 6 months | 1.41% | 14.05% |
| 1 year | 9.88% | 35.64% |
| 5 years (annualized) | -0.23% | 14.13% |
| 10 years (annualized) | 2.17% | 11.39% |
Monthly Returns
The table below presents the monthly returns of MLN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.82% | 0.41% | -0.32% | -1.58% | 0.40% | 1.27% | 1.59% | 0.06% | 1.70% | -1.85% | 0.99% | ||
| 2023 | 4.35% | -3.43% | 2.85% | 0.23% | -0.81% | 1.06% | 0.22% | -2.44% | -4.01% | -2.87% | 9.70% | 3.75% | 8.05% |
| 2022 | -4.42% | -0.69% | -5.24% | -6.24% | 2.75% | -4.91% | 4.94% | -3.98% | -5.86% | -1.99% | 8.89% | -0.74% | -17.19% |
| 2021 | 0.90% | -2.78% | 0.73% | 1.41% | 1.02% | 0.65% | 0.68% | -0.61% | -1.31% | -0.11% | 1.54% | 0.14% | 2.20% |
| 2020 | 2.33% | 1.81% | -6.26% | -2.86% | 5.89% | 1.33% | 1.44% | 0.22% | 0.12% | -0.50% | 2.25% | 0.77% | 6.22% |
| 2019 | 0.61% | 0.83% | 2.87% | 0.80% | 2.05% | 0.10% | 0.71% | 2.93% | -1.05% | 0.18% | -0.06% | 0.21% | 10.59% |
| 2018 | -2.44% | -1.12% | 1.87% | -1.44% | 2.12% | -0.02% | -0.16% | -0.15% | -1.37% | -1.09% | 1.54% | 1.61% | -0.77% |
| 2017 | 0.21% | 1.04% | 0.29% | 0.47% | 2.09% | -0.20% | 0.80% | 1.30% | -0.84% | 0.89% | -0.15% | 2.05% | 8.19% |
| 2016 | 1.46% | 0.13% | 0.77% | 1.50% | 0.50% | 2.71% | -0.10% | -0.04% | -0.53% | -1.83% | -7.08% | 3.06% | 0.16% |
| 2015 | 2.52% | -1.65% | 0.06% | -1.31% | -0.99% | -0.46% | 1.96% | -0.53% | 1.19% | 0.85% | 1.15% | 1.09% | 3.86% |
| 2014 | 4.67% | 1.92% | 0.66% | 1.69% | 2.56% | 0.03% | -0.15% | 2.24% | 0.07% | 0.94% | 0.36% | 1.51% | 17.69% |
| 2013 | 1.29% | 0.09% | -2.03% | 2.35% | -3.50% | -6.31% | -2.19% | -3.48% | 6.41% | 0.64% | -0.58% | -1.60% | -9.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MLN is 42, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VanEck Long Muni ETF provided a 3.56% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.58 | $0.47 | $0.55 | $0.58 | $0.60 | $0.61 | $0.59 | $0.61 | $0.68 | $0.75 | $0.78 |
Dividend yield | 3.56% | 3.19% | 2.67% | 2.52% | 2.69% | 2.87% | 3.09% | 2.91% | 3.16% | 3.39% | 3.78% | 4.43% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Long Muni ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.53 | |
| 2023 | $0.00 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.10 | $0.58 |
| 2022 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.47 |
| 2021 | $0.00 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.14 | $0.55 |
| 2020 | $0.00 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.13 | $0.58 |
| 2019 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.60 |
| 2018 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.61 |
| 2017 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.59 |
| 2016 | $0.00 | $0.06 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.61 |
| 2015 | $0.00 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.68 |
| 2014 | $0.00 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 | $0.75 |
| 2013 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.78 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Long Muni ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Long Muni ETF was 28.36%, occurring on Dec 15, 2008. Recovery took 196 trading sessions.
The current VanEck Long Muni ETF drawdown is 10.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.36% | Jan 24, 2008 | 215 | Dec 15, 2008 | 196 | Sep 25, 2009 | 411 |
| -24.45% | Jul 21, 2021 | 321 | Oct 26, 2022 | — | — | — |
| -23.59% | Mar 10, 2020 | 8 | Mar 19, 2020 | 99 | Aug 10, 2020 | 107 |
| -16.46% | Dec 3, 2012 | 182 | Aug 22, 2013 | 253 | Aug 25, 2014 | 435 |
| -14.34% | Oct 13, 2010 | 67 | Jan 18, 2011 | 137 | Aug 3, 2011 | 204 |
Volatility
Volatility Chart
The current VanEck Long Muni ETF volatility is 3.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.