- ISIN
- US92189F4607
- CUSIP
- 92189F460
- Issuer
- VanEck
- Inception Date
- Jul 12, 2011
- Region
- North America (U.S.)
- Category
- High Yield Muni
- Leveraged
- 1x (No leverage)
- Index Tracked
- S-Network Municipal Bond Closed-End Fund Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $219M
Highlights
- Avg. Volume (1M)
- 45K
- Avg. Volume Value (1M)
- $988.01K
Share Price Chart
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Performance
XMPT Performance Chart
VanEck CEF Municipal Income ETF (XMPT) is up 1.8% since the beginning of the year. XMPT is currently trading at $22 per share. Investors who bought $1,000 worth of XMPT shares 5 years ago would now be looking at an investment worth $911.
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Compare this symbol against anything
Returns By Period
VanEck CEF Municipal Income ETF (XMPT) has returned 1.83% so far this year and 9.87% over the past 12 months. Over the last ten years, XMPT has returned 1.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
VanEck CEF Municipal Income ETF
- 1D
- -0.41%
- 1M
- -3.10%
- 6M
- 0.54%
- YTD
- 1.83%
- 1Y
- 9.87%
- 3Y*
- 6.07%
- 5Y*
- -1.85%
- 10Y*
- 1.69%
- ALL TIME*
- 4.07%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XMPT Monthly Returns History
Based on dividend-adjusted daily data since Jul 13, 2011, XMPT's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +12.2%, while the worst month was Sep 2022 at -10.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XMPT closed higher 53% of trading days. The best single day was Mar 25, 2020 with a return of +7.6%, while the worst single day was Mar 18, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.28% | 2.47% | -4.42% | 1.90% | 1.88% | 2.07% | -3.13% | 1.83% | |||||
| 2025 | 2.43% | 2.22% | -2.98% | -2.43% | -0.06% | 1.04% | -0.96% | 2.18% | 4.65% | 1.53% | -0.31% | 0.66% | 8.01% |
| 2024 | 0.66% | 0.85% | 1.45% | -3.27% | 2.07% | 4.19% | 1.71% | 1.52% | 3.42% | -2.64% | 2.46% | -5.18% | 7.01% |
| 2023 | 5.15% | -5.43% | 2.30% | -0.67% | -2.95% | 2.02% | 1.50% | -4.61% | -6.87% | -2.82% | 12.17% | 4.30% | 2.55% |
| 2022 | -8.40% | -1.56% | -4.58% | -6.96% | 3.82% | -4.76% | 5.80% | -4.35% | -10.36% | -3.14% | 11.77% | -2.28% | -24.02% |
| 2021 | 0.80% | -2.02% | 2.30% | 1.84% | 2.60% | 1.71% | 1.21% | 0.34% | -3.19% | -0.90% | 1.23% | 1.91% | 7.94% |
Benchmark Metrics
VanEck CEF Municipal Income ETF has an annualized alpha of 2.15%, beta of 0.18, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since July 13, 2011.
- This ETF participated in 40.21% of S&P 500 Index downside but only 30.66% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.18 may look defensive, but with R2 of 0.10 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.10 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.15%
- Beta
- 0.18
- R²
- 0.10
- Upside Capture
- 30.66%
- Downside Capture
- 40.21%
Expense Ratio
XMPT has a high expense ratio of 1.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
XMPT ranks 60 for risk / return — above 60% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMPT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.00 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.70 | 8.49 | -1.79 |
Dividends
Dividend History
VanEck CEF Municipal Income ETF provided a 5.92% dividend yield over the last twelve months, with an annual payout of $1.28 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.28 | $1.28 | $1.15 | $0.81 | $1.10 | $1.11 | $1.08 | $1.12 | $1.21 | $1.29 | $1.38 | $1.41 |
Dividend yield | 5.92% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck CEF Municipal Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.11 | $0.11 | $0.22 | $0.11 | $0.10 | $0.11 | $0.74 | |||||
| 2025 | $0.00 | $0.12 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.10 | $0.11 | $0.10 | $0.21 | $0.10 | $1.28 |
| 2024 | $0.00 | $0.08 | $0.08 | $0.17 | $0.00 | $0.09 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.21 | $1.15 |
| 2023 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.15 | $0.81 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.10 | $0.08 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.08 | $0.16 | $1.10 |
| 2021 | $0.00 | $0.09 | $0.09 | $0.10 | $0.09 | $0.09 | $0.07 | $0.09 | $0.09 | $0.10 | $0.10 | $0.20 | $1.11 |
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 CEF Municipal Income 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 CEF Municipal Income ETF was 35.24%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
The current VanEck CEF Municipal Income ETF drawdown is 9.39%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-35.24%Oct 2023 | 2y 1mo | — | 4y 11moSep 2021 - now | — |
-25.28%Mar 2020 | 21d | 8mo 14d | 9mo 5dFeb 2020 - Nov 2020 | COVID crash2020 |
-21.89%Aug 2013 | 6mo 26d | 1y 4mo | 1y 11moJan 2013 - Jan 2015 | — |
-13.26%Dec 2016 | 4mo 23d | 2y 3mo | 2y 8moJul 2016 - Mar 2019 | — |
-7.80%Jun 2015 | 4mo 7d | 5mo 25d | 10mo 2dFeb 2015 - Dec 2015 | — |
Drawdown Indicators
| XMPT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -56.78% | +21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -9.10% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | -18.90% | +6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -25.43% | -9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | -33.92% | -1.32% |
Current DrawdownCurrent decline from peak | -9.39% | -1.58% | -7.81% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -10.70% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.14% | -0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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