MLN vs. AMUN
MLN (VanEck Long Muni ETF) and AMUN (abrdn Ultra Short Municipal Income Active ETF) are both Municipal Bonds funds. MLN is passively managed, while AMUN is actively managed. At a 0.15 correlation, their price movements are largely independent. MLN charges 0.24%/yr vs 0.25%/yr for AMUN.
Performance
MLN vs. AMUN - Performance Comparison
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Returns By Period
In the year-to-date period, MLN achieves a 2.53% return, which is significantly higher than AMUN's 1.25% return.
MLN
- 1D
- 0.00%
- 1M
- 2.41%
- YTD
- 2.53%
- 6M
- 2.00%
- 1Y
- 8.68%
- 3Y*
- 3.45%
- 5Y*
- -0.94%
- 10Y*
- 1.37%
AMUN
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.25%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLN vs. AMUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLN VanEck Long Muni ETF | 2.53% | -0.15% |
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.25% | 0.14% |
Correlation
The correlation between MLN and AMUN 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 20, 2025 | 0.15 |
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Return for Risk
MLN vs. AMUN — Risk / Return Rank
MLN
AMUN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLN vs. AMUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and abrdn Ultra Short Municipal Income Active ETF (AMUN). 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.
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.
| MLN | AMUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | — | — |
| Martin ratioReturn relative to average drawdown | 11.19 | — | — |
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Drawdowns
MLN vs. AMUN - Drawdown Comparison
The maximum MLN drawdown since its inception was -28.36%, which is greater than AMUN's maximum drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for MLN and AMUN.
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Drawdown Indicators
| MLN | AMUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.36% | -0.61% | -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 | -6.02% | 0.00% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -0.08% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | — | — |
Volatility
MLN vs. AMUN - Volatility Comparison
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Volatility by Period
| MLN | AMUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 0.98% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 0.98% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 0.98% | +7.90% |
MLN vs. AMUN - Expense Ratio Comparison
MLN has a 0.24% expense ratio, which is lower than AMUN's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MLN vs. AMUN - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.69%, more than AMUN's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.88% | 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 | 3.69% | 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
MLN and AMUN 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 3.69%, compared with 1.88% for AMUN.
They also come from different issuers: VanEck and abrdn. Their fees differ too: 0.24% for MLN and 0.25% for AMUN.
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