MLN vs. BND
Compare and contrast key facts about VanEck Long Muni ETF (MLN) and Vanguard Total Bond Market ETF (BND).
MLN and BND 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both MLN and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLN or BND.
Key characteristics
| MLN | BND | |
|---|---|---|
| YTD Return | 1.50% | 2.40% |
| 1Y Return | 11.02% | 8.91% |
| 3Y Return (Ann) | -3.01% | -2.38% |
| 5Y Return (Ann) | -0.02% | 0.01% |
| 10Y Return (Ann) | 2.23% | 1.50% |
| Sharpe Ratio | 1.59 | 1.38 |
| Sortino Ratio | 2.30 | 2.03 |
| Omega Ratio | 1.31 | 1.24 |
| Calmar Ratio | 0.54 | 0.51 |
| Martin Ratio | 8.52 | 4.99 |
| Ulcer Index | 1.19% | 1.62% |
| Daily Std Dev | 6.39% | 5.85% |
| Max Drawdown | -28.36% | -18.84% |
| Current Drawdown | -10.01% | -8.44% |
Correlation
The correlation between MLN and BND is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MLN vs. BND - Performance Comparison
In the year-to-date period, MLN achieves a 1.50% return, which is significantly lower than BND's 2.40% return. Over the past 10 years, MLN has outperformed BND with an annualized return of 2.23%, while BND has yielded a comparatively lower 1.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MLN vs. BND - Expense Ratio Comparison
MLN has a 0.24% expense ratio, which is higher than BND's 0.03% 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%.
Risk-Adjusted Performance
MLN vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
MLN vs. BND - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.54%, which matches BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 3.54% | 3.19% | 2.67% | 2.52% | 2.69% | 2.87% | 3.09% | 2.91% | 3.16% | 3.39% | 3.78% | 4.43% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
MLN vs. BND - Drawdown Comparison
The maximum MLN drawdown since its inception was -28.36%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for MLN and BND. For additional features, visit the drawdowns tool.
Volatility
MLN vs. BND - Volatility Comparison
VanEck Long Muni ETF (MLN) has a higher volatility of 3.18% compared to Vanguard Total Bond Market ETF (BND) at 1.67%. This indicates that MLN's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.