MLN vs. EMNT
Compare and contrast key facts about VanEck Long Muni ETF (MLN) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT).
MLN and EMNT 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. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLN or EMNT.
Key characteristics
| MLN | EMNT | |
|---|---|---|
| YTD Return | 1.33% | 5.07% |
| 1Y Return | 10.31% | 6.09% |
| 3Y Return (Ann) | -2.95% | 3.44% |
| Sharpe Ratio | 1.71 | 5.05 |
| Sortino Ratio | 2.48 | 7.82 |
| Omega Ratio | 1.33 | 4.55 |
| Calmar Ratio | 0.58 | 8.31 |
| Martin Ratio | 9.05 | 125.46 |
| Ulcer Index | 1.20% | 0.05% |
| Daily Std Dev | 6.34% | 1.20% |
| Max Drawdown | -28.36% | -2.28% |
| Current Drawdown | -10.16% | -0.06% |
Correlation
The correlation between MLN and EMNT is 0.22, 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.
Performance
MLN vs. EMNT - Performance Comparison
In the year-to-date period, MLN achieves a 1.33% return, which is significantly lower than EMNT's 5.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MLN vs. EMNT - Expense Ratio Comparison
MLN has a 0.24% expense ratio, which is lower than EMNT's 0.27% 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%.
Risk-Adjusted Performance
MLN vs. EMNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT). 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. EMNT - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.55%, less than EMNT's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 3.55% | 3.19% | 2.67% | 2.52% | 2.69% | 2.87% | 3.09% | 2.91% | 3.16% | 3.39% | 3.78% | 4.43% |
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.18% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLN vs. EMNT - Drawdown Comparison
The maximum MLN drawdown since its inception was -28.36%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for MLN and EMNT. For additional features, visit the drawdowns tool.
Volatility
MLN vs. EMNT - Volatility Comparison
VanEck Long Muni ETF (MLN) has a higher volatility of 3.16% compared to PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) at 0.20%. This indicates that MLN's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.