AMUN vs. MLN
AMUN (abrdn Ultra Short Municipal Income Active ETF) and MLN (VanEck Long Muni ETF) are both Municipal Bonds funds. AMUN is actively managed, while MLN is passively managed. At a 0.15 correlation, their price movements are largely independent. AMUN charges 0.25%/yr vs 0.24%/yr for MLN.
Performance
AMUN vs. MLN - Performance Comparison
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Returns By Period
In the year-to-date period, AMUN achieves a 1.11% return, which is significantly lower than MLN's 1.92% return.
AMUN
- 1D
- -0.02%
- 1M
- 0.32%
- YTD
- 1.11%
- 6M
- 1.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLN
- 1D
- -0.26%
- 1M
- 0.46%
- YTD
- 1.92%
- 6M
- 2.58%
- 1Y
- 9.33%
- 3Y*
- 3.46%
- 5Y*
- -1.05%
- 10Y*
- 1.49%
AMUN vs. MLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.11% | 0.14% |
MLN VanEck Long Muni ETF | 1.92% | -0.18% |
Correlation
The correlation between AMUN and MLN is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.15 |
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Return for Risk
AMUN vs. MLN — Risk / Return Rank
AMUN
MLN
AMUN vs. MLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Active ETF (AMUN) and VanEck Long Muni ETF (MLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AMUN | MLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.11 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.05 | 0.32 | +1.73 |
Drawdowns
AMUN vs. MLN - Drawdown Comparison
The maximum AMUN drawdown since its inception was -0.61%, smaller than the maximum MLN drawdown of -28.36%. Use the drawdown chart below to compare losses from any high point for AMUN and MLN.
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Drawdown Indicators
| AMUN | MLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.61% | -28.36% | +27.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.56% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.46% | — |
Current DrawdownCurrent decline from peak | -0.02% | -6.58% | +6.56% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -5.73% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.78% | — |
Volatility
AMUN vs. MLN - Volatility Comparison
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Volatility by Period
| AMUN | MLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.01% | 4.45% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 7.31% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.01% | 8.88% | -7.87% |
AMUN vs. MLN - Expense Ratio Comparison
AMUN has a 0.25% expense ratio, which is higher than MLN's 0.24% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AMUN vs. MLN - Dividend Comparison
AMUN's dividend yield for the trailing twelve months is around 1.89%, less than MLN's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.89% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLN VanEck Long Muni ETF | 3.71% | 3.73% | 3.59% | 3.19% | 2.67% | 2.52% | 2.69% | 2.98% | 3.09% | 2.91% | 3.16% | 3.38% |
Frequently Asked Questions
AMUN and MLN have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLN is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLN is cheaper with a 0.24% expense ratio, compared with 0.25% for AMUN.
MLN has the higher dividend yield at 3.71%, compared with 1.89% for AMUN.
They also come from different issuers: abrdn and VanEck. Their fees differ too: 0.25% for AMUN and 0.24% for MLN.
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