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VanEck Long Muni ETF (MLN)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

VanEck Long Muni ETF (MLN)

ETF · Currency in USD · Last updated May 30, 2025

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.

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.

VanEck Long Muni ETF

Popular comparisons:
MLN vs. ESEB MLN vs. LKOR MLN vs. HYMU MLN vs. VCLT MLN vs. TLT MLN vs. SGOV MLN vs. BLV MLN vs. BND MLN vs. EMNT MLN vs. FALN
Popular comparisons:
MLN vs. ESEB MLN vs. LKOR MLN vs. HYMU MLN vs. VCLT MLN vs. TLT MLN vs. SGOV MLN vs. BLV MLN vs. BND MLN vs. EMNT MLN vs. FALN

Performance

Performance Chart

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S&P 500

Returns By Period

VanEck Long Muni ETF (MLN) returned -4.43% year-to-date (YTD) and -0.62% over the past 12 months. Over the past 10 years, MLN returned 1.65% annually, underperforming the S&P 500 benchmark at 10.84%.

MLN

YTD

-4.43%

1M

-0.87%

6M

-5.65%

1Y

-0.62%

3Y*

-0.13%

5Y*

-1.31%

10Y*

1.65%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-0.56%1.55%-3.13%-0.93%-1.38%-4.43%
2024-0.82%0.41%-0.32%-1.58%0.40%1.27%1.59%0.06%1.70%-1.85%2.28%-1.49%1.54%
20234.35%-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%-4.90%4.94%-3.98%-5.86%-2.00%8.89%-0.74%-17.20%
20210.90%-2.78%0.73%1.40%1.02%0.65%0.68%-0.61%-1.31%-0.11%1.54%0.14%2.20%
20202.33%1.81%-6.26%-2.86%5.89%1.33%1.44%0.22%0.12%-0.50%2.25%0.58%6.02%
20190.61%0.83%2.87%0.80%2.05%0.10%0.72%2.93%-1.05%0.17%-0.06%0.11%10.48%
2018-2.43%-1.12%1.87%-1.45%2.12%-0.02%-0.16%-0.15%-1.37%-1.09%1.54%1.61%-0.77%
20170.21%1.04%0.29%0.47%2.09%-0.20%0.80%1.30%-0.84%0.90%-0.15%2.05%8.19%
20161.46%0.13%0.77%1.50%0.50%2.71%-0.10%-0.04%-0.53%-1.83%-7.08%3.06%0.16%
20152.52%-1.65%0.06%-1.32%-0.99%-0.46%1.96%-0.53%1.19%0.85%1.15%1.09%3.85%
20144.67%1.92%0.66%1.69%2.56%0.02%-0.15%2.24%0.07%0.95%0.36%1.51%17.69%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MLN is 10, meaning it’s performing worse than 90% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of MLN is 1010
Overall Rank
The Sharpe Ratio Rank of MLN is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of MLN is 99
Sortino Ratio Rank
The Omega Ratio Rank of MLN is 99
Omega Ratio Rank
The Calmar Ratio Rank of MLN is 1111
Calmar Ratio Rank
The Martin Ratio Rank of MLN is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

VanEck Long Muni ETF Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: -0.08
  • 5-Year: -0.18
  • 10-Year: 0.19
  • All Time: 0.28

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of VanEck Long Muni ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

VanEck Long Muni ETF provided a 3.82% dividend yield over the last twelve months, with an annual payout of $0.64 per share. The fund has been increasing its distributions for 2 consecutive years.

2.60%2.80%3.00%3.20%3.40%3.60%3.80%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.64$0.64$0.58$0.47$0.54$0.54$0.58$0.60$0.59$0.61$0.67$0.75

Dividend yield

3.82%3.59%3.19%2.67%2.52%2.50%2.77%3.09%2.91%3.16%3.38%3.78%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.05$0.05$0.06$0.05$0.21
2024$0.00$0.05$0.05$0.06$0.05$0.05$0.05$0.06$0.05$0.05$0.06$0.11$0.64
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$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.14$0.54
2020$0.00$0.05$0.04$0.05$0.04$0.05$0.04$0.05$0.05$0.04$0.05$0.09$0.54
2019$0.00$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.09$0.58
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$0.60
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$0.67
2014$0.07$0.06$0.07$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.12$0.75

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.

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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 13.97%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-28.36%Jan 24, 2008215Dec 15, 2008196Sep 25, 2009411
-24.46%Jul 21, 2021321Oct 26, 2022———
-23.59%Mar 10, 20208Mar 19, 202099Aug 10, 2020107
-16.46%Dec 3, 2012182Aug 22, 2013253Aug 25, 2014435
-14.34%Oct 13, 201067Jan 18, 2011137Aug 3, 2011204
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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