MLN vs. EMNT
Compare and contrast key facts about VanEck Long Muni ETF (MLN) and PIMCO Enhanced Short Maturity Active ESG ETF (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.
Performance
MLN vs. EMNT - Performance Comparison
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MLN vs. EMNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 0.10% | 1.82% | 1.54% | 8.05% | -17.20% | 2.20% | 6.22% | 0.20% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 0.97% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
Returns By Period
In the year-to-date period, MLN achieves a 0.10% return, which is significantly lower than EMNT's 0.97% 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%
EMNT
- 1D
- 0.05%
- 1M
- 0.24%
- YTD
- 0.97%
- 6M
- 2.04%
- 1Y
- 4.51%
- 3Y*
- 5.31%
- 5Y*
- 3.34%
- 10Y*
- —
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MLN vs. EMNT - Expense Ratio Comparison
Both MLN and EMNT 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
MLN vs. EMNT — Risk / Return Rank
MLN
EMNT
MLN vs. EMNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and PIMCO Enhanced Short Maturity Active ESG ETF (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.
| MLN | EMNT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 11.02 | -10.41 |
Sortino ratioReturn per unit of downside risk | 0.82 | 23.01 | -22.18 |
Omega ratioGain probability vs. loss probability | 1.15 | 5.88 | -4.74 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 34.06 | -33.27 |
Martin ratioReturn relative to average drawdown | 2.06 | 226.92 | -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
| MLN | EMNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 11.02 | -10.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 4.08 | -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 | 0.31 | 3.45 | -3.14 |
Correlation
The correlation between MLN and EMNT 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
MLN vs. EMNT - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.78%, less than EMNT's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
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.
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Drawdown Indicators
| MLN | EMNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.36% | -2.28% | -26.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -0.13% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -1.70% | -22.76% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -8.25% | 0.00% | -8.25% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -0.24% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.02% | +2.22% |
Volatility
MLN vs. EMNT - Volatility Comparison
VanEck Long Muni ETF (MLN) has a higher volatility of 1.95% compared to PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) at 0.24%. 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.
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Volatility by Period
| MLN | EMNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 0.24% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 0.29% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.83% | 0.41% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 0.82% | +6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 0.87% | +8.01% |