MLN vs. MYMI

Last updated Jun 24, 2026

MLN (VanEck Long Muni ETF) and MYMI (State Street My2029 Municipal Bond ETF) are both Municipal Bonds funds. MLN is passively managed, while MYMI is actively managed. Over the past year, MLN returned 8.68% vs 4.31% for MYMI. A 0.71 correlation means they provide meaningful diversification when combined. MLN charges 0.24%/yr vs 0.20%/yr for MYMI.

Performance

MLN vs. MYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Long Muni ETF (MLN) and State Street My2029 Municipal Bond ETF (MYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLN achieves a 2.53% return, which is significantly higher than MYMI's 1.47% return.

MLN

• 1D: 0.00%
• 1M: 2.41%
• YTD: 2.53%
• 6M: 2.00%
• 1Y: 8.68%
• 3Y*: 3.45%
• 5Y*: -0.94%
• 10Y*: 1.37%

MYMI

• 1D: 0.00%
• 1M: 0.68%
• YTD: 1.47%
• 6M: 1.49%
• 1Y: 4.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MLN vs. MYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MLN VanEck Long Muni ETF	2.53%	1.82%	-0.70%
MYMI State Street My2029 Municipal Bond ETF	1.47%	3.12%	-0.99%

Correlation

The correlation between MLN and MYMI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.71

The correlation between MLN and MYMI has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

MLN vs. MYMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLN

MLN Risk / Return Rank: 70
MLN Sharpe Ratio Rank: 65
MLN Sortino Ratio Rank: 70
MLN Omega Ratio Rank: 76
MLN Calmar Ratio Rank: 72
MLN Martin Ratio Rank: 66

MYMI

MYMI Risk / Return Rank: 82
MYMI Sharpe Ratio Rank: 89
MYMI Sortino Ratio Rank: 93
MYMI Omega Ratio Rank: 95
MYMI Calmar Ratio Rank: 69
MYMI Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLN vs. MYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and State Street My2029 Municipal Bond ETF (MYMI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MLN	MYMI	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.65	-0.68
Sortino ratio: Return per unit of downside risk	2.94	4.15	-1.21
Omega ratio: Gain probability vs. loss probability	1.41	1.64	-0.23
Calmar ratio: Return relative to maximum drawdown	3.41	3.13	+0.28
Martin ratio: Return relative to average drawdown	11.19	10.45	+0.74

MLN vs. MYMI - Sharpe Ratio Comparison

The current MLN Sharpe Ratio is 1.97, which is comparable to the MYMI Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of MLN and MYMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MLN vs. MYMI - Drawdown Comparison

The maximum MLN drawdown since its inception was -28.36%, which is greater than MYMI's maximum drawdown of -3.11%. Use the drawdown chart below to compare losses from any high point for MLN and MYMI.

Drawdown Indicators

	MLN	MYMI	Difference
Max Drawdown Largest peak-to-trough decline	-28.36%	-3.11%	-25.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.56%	-1.39%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-9.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.46%	—	—
Current Drawdown Current decline from peak	-6.02%	-0.17%	-5.85%
Average Drawdown Average peak-to-trough decline	-5.73%	-0.70%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.41%	+0.37%

Volatility

MLN vs. MYMI - Volatility Comparison

VanEck Long Muni ETF (MLN) has a higher volatility of 1.29% compared to State Street My2029 Municipal Bond ETF (MYMI) at 0.31%. This indicates that MLN's price experiences larger fluctuations and is considered to be riskier than MYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLN	MYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	0.31%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	1.20%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	1.63%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.32%	2.87%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.88%	2.87%	+6.01%

MLN vs. MYMI - Expense Ratio Comparison

MLN has a 0.24% expense ratio, which is higher than MYMI's 0.20% 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%.

Dividends

MLN vs. MYMI - Dividend Comparison

MLN's dividend yield for the trailing twelve months is around 3.69%, more than MYMI's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLN VanEck Long Muni ETF	3.69%	3.73%	3.59%	3.19%	2.67%	2.52%	2.69%	2.98%	3.09%	2.91%	3.16%	3.38%
MYMI State Street My2029 Municipal Bond ETF	2.87%	3.00%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLN and MYMI in my portfolio?

MLN and MYMI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLN or MYMI?

MLN has higher volatility (1.29%) compared to MYMI (0.31%). In terms of maximum drawdown, MLN dropped -28.36% vs MYMI's -3.11%.

Which ETF is better, MLN or MYMI?

On 1-year performance, MLN leads with 8.68% vs 4.31% for MYMI. On fees, MYMI is cheaper at 0.20% per year. On volatility, MYMI has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MLN or MYMI?

Over the 1-year period, MLN has performed better with a 8.68% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MLN or MYMI?

MYMI is cheaper with a 0.20% expense ratio, compared with 0.24% for MLN.

Which ETF pays a higher dividend yield, MLN or MYMI?

MLN has the higher dividend yield at 3.69%, compared with 2.87% for MYMI.

What is the main difference between MLN and MYMI?

They also come from different issuers: VanEck and State Street. Their fees differ too: 0.24% for MLN and 0.20% for MYMI.

Which has better risk-adjusted returns?

MYMI currently has the higher Sharpe Ratio (2.65 vs 1.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.