EMNT vs. MLN
Compare and contrast key facts about PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and VanEck Long Muni ETF (MLN).
EMNT and MLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019. MLN is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Long Continuous. It was launched on Jan 2, 2008.
Performance
EMNT vs. MLN - Performance Comparison
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EMNT vs. MLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 0.97% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
MLN VanEck Long Muni ETF | 0.10% | 1.82% | 1.54% | 8.05% | -17.20% | 2.20% | 6.22% | 0.20% |
Returns By Period
In the year-to-date period, EMNT achieves a 0.97% return, which is significantly higher than MLN's 0.10% return.
EMNT
- 1D
- 0.05%
- 1M
- 0.24%
- YTD
- 0.97%
- 6M
- 2.04%
- 1Y
- 4.51%
- 3Y*
- 5.31%
- 5Y*
- 3.34%
- 10Y*
- —
MLN
- 1D
- 0.35%
- 1M
- -1.74%
- YTD
- 0.10%
- 6M
- 1.65%
- 1Y
- 4.19%
- 3Y*
- 2.56%
- 5Y*
- -0.92%
- 10Y*
- 1.55%
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EMNT vs. MLN - Expense Ratio Comparison
Both EMNT and MLN have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
EMNT vs. MLN — Risk / Return Rank
EMNT
MLN
EMNT vs. MLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) 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.
| EMNT | MLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 11.02 | 0.62 | +10.41 |
Sortino ratioReturn per unit of downside risk | 23.01 | 0.82 | +22.18 |
Omega ratioGain probability vs. loss probability | 5.88 | 1.15 | +4.74 |
Calmar ratioReturn relative to maximum drawdown | 34.06 | 0.78 | +33.27 |
Martin ratioReturn relative to average drawdown | 226.92 | 2.06 | +224.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMNT | MLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.02 | 0.62 | +10.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.08 | -0.13 | +4.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.45 | 0.31 | +3.14 |
Correlation
The correlation between EMNT and MLN is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EMNT vs. MLN - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 4.23%, more than MLN's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.23% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLN VanEck Long Muni ETF | 3.78% | 3.73% | 3.59% | 3.19% | 2.67% | 2.52% | 2.69% | 2.98% | 3.09% | 2.91% | 3.16% | 3.38% |
Drawdowns
EMNT vs. MLN - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum MLN drawdown of -28.36%. Use the drawdown chart below to compare losses from any high point for EMNT and MLN.
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Drawdown Indicators
| EMNT | MLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -28.36% | +26.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -5.88% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -1.70% | -24.46% | +22.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.25% | +8.25% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -5.71% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.24% | -2.22% |
Volatility
EMNT vs. MLN - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) is 0.24%, while VanEck Long Muni ETF (MLN) has a volatility of 1.95%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than MLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNT | MLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 1.95% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 0.29% | 2.81% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 6.83% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 7.28% | -6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.87% | 8.88% | -8.01% |