Correlation
The correlation between MLN and HYMU is 0.15, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLN or HYMU.
Performance
MLN vs. HYMU - Performance Comparison
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Key characteristics
MLN:
-0.10
HYMU:
0.51
MLN:
-0.12
HYMU:
0.64
MLN:
0.98
HYMU:
1.12
MLN:
-0.07
HYMU:
0.46
MLN:
-0.36
HYMU:
2.20
MLN:
2.95%
HYMU:
1.83%
MLN:
7.87%
HYMU:
8.70%
MLN:
-28.36%
HYMU:
-23.22%
MLN:
-13.97%
HYMU:
-3.62%
Returns By Period
In the year-to-date period, MLN achieves a -4.43% return, which is significantly lower than HYMU's -0.24% return.
MLN
-4.43%
-1.11%
-5.85%
-1.07%
0.06%
-1.31%
1.69%
HYMU
-0.24%
-0.18%
-1.86%
3.84%
3.65%
N/A
N/A
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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.
Risk-Adjusted Performance
MLN vs. HYMU — Risk-Adjusted Performance Rank
MLN
HYMU
MLN vs. HYMU - Risk-Adjusted Performance 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.
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Dividends
MLN vs. HYMU - Dividend Comparison
MLN's dividend yield for the trailing twelve months is around 3.82%, less than HYMU's 4.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLN VanEck Long Muni ETF | 3.82% | 3.59% | 3.19% | 2.67% | 2.52% | 2.50% | 2.77% | 3.09% | 2.91% | 3.16% | 3.38% | 3.78% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.46% | 4.35% | 4.35% | 4.01% | 2.10% | 0.00% | 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 -23.22%. Use the drawdown chart below to compare losses from any high point for MLN and HYMU.
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Volatility
MLN vs. HYMU - Volatility Comparison
VanEck Long Muni ETF (MLN) has a higher volatility of 1.86% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 1.59%. 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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