MLN vs. HYMU
Compare and contrast key facts about VanEck Long Muni ETF (MLN) and BlackRock High Yield Muni Income Bond ETF (HYMU).
MLN and HYMU 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. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Performance
MLN vs. HYMU - Performance Comparison
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MLN vs. HYMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 0.62% | 1.82% | 1.54% | 8.05% | -17.20% | 3.74% |
HYMU BlackRock High Yield Muni Income Bond ETF | 0.29% | 2.58% | 6.99% | 9.67% | -15.96% | 6.71% |
Returns By Period
In the year-to-date period, MLN achieves a 0.62% return, which is significantly higher than HYMU's 0.29% return.
MLN
- 1D
- 0.52%
- 1M
- -1.01%
- YTD
- 0.62%
- 6M
- 2.05%
- 1Y
- 4.26%
- 3Y*
- 2.74%
- 5Y*
- -0.82%
- 10Y*
- 1.60%
HYMU
- 1D
- 0.50%
- 1M
- -1.14%
- YTD
- 0.29%
- 6M
- 1.40%
- 1Y
- 1.57%
- 3Y*
- 5.45%
- 5Y*
- 1.45%
- 10Y*
- —
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MLN vs. HYMU - Expense Ratio Comparison
MLN has a 0.24% expense ratio, which is lower than HYMU's 0.35% expense ratio.
Return for Risk
MLN vs. HYMU — Risk / Return Rank
MLN
HYMU
MLN vs. HYMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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 | HYMU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.20 | +0.43 |
Sortino ratioReturn per unit of downside risk | 0.84 | 0.30 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.31 | +0.49 |
Martin ratioReturn relative to average drawdown | 2.11 | 1.53 | +0.58 |
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 | HYMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.20 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.21 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.23 | +0.09 |
Correlation
The correlation between MLN and HYMU is 0.62, 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.
Dividends
MLN vs. HYMU - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.78%, less than HYMU's 4.51% 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% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.51% | 4.55% | 4.35% | 4.35% | 4.01% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLN vs. HYMU - Drawdown Comparison
The maximum MLN drawdown since its inception was -28.36%, which is greater than HYMU's maximum drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for MLN and HYMU.
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Drawdown Indicators
| MLN | HYMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.36% | -22.55% | -5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -6.54% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -22.55% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -7.78% | -1.39% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -6.97% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.37% | +0.87% |
Volatility
MLN vs. HYMU - Volatility Comparison
VanEck Long Muni ETF (MLN) has a higher volatility of 1.92% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 1.29%. This indicates that MLN's price experiences larger fluctuations and is considered to be riskier than HYMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLN | HYMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.29% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 1.81% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 7.95% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 7.08% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 7.05% | +1.83% |