MLN vs. BIZD
Compare and contrast key facts about VanEck Long Muni ETF (MLN) and VanEck Vectors BDC Income ETF (BIZD).
MLN and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013. Both MLN and BIZD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MLN vs. BIZD - Performance Comparison
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MLN vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 0.10% | 1.82% | 1.54% | 8.05% | -17.20% | 2.20% | 6.22% | 10.72% | -0.77% | 8.19% |
BIZD VanEck Vectors BDC Income ETF | -9.73% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
Returns By Period
In the year-to-date period, MLN achieves a 0.10% return, which is significantly higher than BIZD's -9.73% return. Over the past 10 years, MLN has underperformed BIZD with an annualized return of 1.55%, while BIZD has yielded a comparatively higher 7.72% annualized return.
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%
BIZD
- 1D
- 2.32%
- 1M
- 0.95%
- YTD
- -9.73%
- 6M
- -9.46%
- 1Y
- -14.87%
- 3Y*
- 6.33%
- 5Y*
- 5.58%
- 10Y*
- 7.72%
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MLN vs. BIZD - Expense Ratio Comparison
MLN has a 0.24% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Return for Risk
MLN vs. BIZD — Risk / Return Rank
MLN
BIZD
MLN vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and VanEck Vectors BDC Income ETF (BIZD). 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.
| MLN | BIZD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | -0.70 | +1.32 |
Sortino ratioReturn per unit of downside risk | 0.82 | -0.88 | +1.70 |
Omega ratioGain probability vs. loss probability | 1.15 | 0.89 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.69 | +1.48 |
Martin ratioReturn relative to average drawdown | 2.06 | -1.41 | +3.47 |
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
| MLN | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | -0.70 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.33 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.36 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.30 | +0.01 |
Correlation
The correlation between MLN and BIZD is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MLN vs. BIZD - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.78%, less than BIZD's 13.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 3.44% | 3.73% | 3.59% | 3.19% | 2.67% | 2.52% | 2.69% | 2.98% | 3.09% | 2.91% | 3.16% | 3.38% |
BIZD VanEck Vectors BDC Income ETF | 9.70% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
Drawdowns
MLN vs. BIZD - Drawdown Comparison
The maximum MLN drawdown since its inception was -28.36%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for MLN and BIZD.
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Drawdown Indicators
| MLN | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.36% | -55.44% | +27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -22.22% | +16.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -22.91% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -55.44% | +30.98% |
Current DrawdownCurrent decline from peak | -8.25% | -19.94% | +11.69% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -6.58% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 10.90% | -8.66% |
Volatility
MLN vs. BIZD - Volatility Comparison
The current volatility for VanEck Long Muni ETF (MLN) is 1.95%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 6.50%. This indicates that MLN experiences smaller price fluctuations and is considered to be less risky than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLN | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 6.50% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 14.20% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.83% | 21.23% | -14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 17.16% | -9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 21.59% | -12.71% |