PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
MLN vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MLN and TLT is 0.43, 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.


-0.50.00.51.00.4

Performance

MLN vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Long Muni ETF (MLN) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
0.83%
-5.03%
MLN
TLT

Key characteristics

Sharpe Ratio

MLN:

0.20

TLT:

-0.55

Sortino Ratio

MLN:

0.30

TLT:

-0.68

Omega Ratio

MLN:

1.04

TLT:

0.92

Calmar Ratio

MLN:

0.08

TLT:

-0.18

Martin Ratio

MLN:

0.90

TLT:

-1.17

Ulcer Index

MLN:

1.31%

TLT:

6.79%

Daily Std Dev

MLN:

6.01%

TLT:

14.32%

Max Drawdown

MLN:

-28.36%

TLT:

-48.35%

Current Drawdown

MLN:

-10.70%

TLT:

-42.59%

Returns By Period

In the year-to-date period, MLN achieves a 0.72% return, which is significantly higher than TLT's -7.87% return. Over the past 10 years, MLN has outperformed TLT with an annualized return of 1.99%, while TLT has yielded a comparatively lower -1.00% annualized return.


MLN

YTD

0.72%

1M

-0.93%

6M

0.83%

1Y

1.20%

5Y*

-0.44%

10Y*

1.99%

TLT

YTD

-7.87%

1M

-2.48%

6M

-5.03%

1Y

-7.49%

5Y*

-6.20%

10Y*

-1.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MLN vs. TLT - Expense Ratio Comparison

MLN has a 0.24% expense ratio, which is higher than TLT's 0.15% 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%.


MLN
VanEck Long Muni ETF
Expense ratio chart for MLN: current value at 0.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.24%
Expense ratio chart for TLT: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

MLN vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Long Muni ETF (MLN) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


Sharpe ratio
The chart of Sharpe ratio for MLN, currently valued at 0.20, compared to the broader market0.002.004.000.20-0.55
The chart of Sortino ratio for MLN, currently valued at 0.30, compared to the broader market-2.000.002.004.006.008.0010.000.30-0.68
The chart of Omega ratio for MLN, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.040.92
The chart of Calmar ratio for MLN, currently valued at 0.08, compared to the broader market0.005.0010.0015.000.08-0.18
The chart of Martin ratio for MLN, currently valued at 0.90, compared to the broader market0.0020.0040.0060.0080.00100.000.90-1.17
MLN
TLT

The current MLN Sharpe Ratio is 0.20, which is higher than the TLT Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of MLN and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.20
-0.55
MLN
TLT

Dividends

MLN vs. TLT - Dividend Comparison

MLN's dividend yield for the trailing twelve months is around 3.60%, less than TLT's 4.29% yield.


TTM20232022202120202019201820172016201520142013
MLN
VanEck Long Muni ETF
3.60%3.19%2.67%2.52%2.69%2.87%3.09%2.91%3.16%3.39%3.78%4.43%
TLT
iShares 20+ Year Treasury Bond ETF
4.29%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%3.26%

Drawdowns

MLN vs. TLT - Drawdown Comparison

The maximum MLN drawdown since its inception was -28.36%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for MLN and TLT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-10.70%
-42.59%
MLN
TLT

Volatility

MLN vs. TLT - Volatility Comparison

The current volatility for VanEck Long Muni ETF (MLN) is 2.18%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.55%. This indicates that MLN experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
2.18%
4.55%
MLN
TLT
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab