AVMUvsMLNETF Comparison
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Avantis Core Municipal Fixed Income ETF (AVMU) and VanEck Long Muni ETF (MLN) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. AVMU is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.24% for MLN. AVMU is down -1.21% year-to-date (YTD) with +$25M in YTD flows. MLN performs better with -0.45% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of AVMU and MLN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AVMU vs MLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AVMU MLN | -0.98%-1.39% | -2.54%-2.28% | -1.21%-0.45% | +3.88%+5.54% | +8.27%+8.98% | +1.46%-7.68% |
| Flows | AVMU MLN | +$2M+$5M | +$14M-$16M | +$25M+$44M | +$23M+$131M | +$87M+$244M | +$149M+$502M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AVMU MLN | +3.38%+3.75% | +2.87%+3.61% | +4.11%+5.68% | +3.85%+5.89% |
| Max drawdown | AVMU MLN | -3.11%-3.63% | -3.23%-3.63% | -6.27%-8.67% | -12.02%-23.40% |
| Max drawdown duration | AVMU MLN | 58d57d | 184d57d | 276d394d | 1168d1702d |
Trading data
AVMU | MLN | |
Last sale 9/2/2026 at 3:18 PM | $44.47 | $17.03 |
| Previous close 09/01/2026 | $44.49 | $17.06 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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AVMU
is actively managed and doesn’t replicate an indexAVMU | MLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 3:18 PM
Live
Closed
AVMU | MLN | |
|---|---|---|
| Last price | $44.47 | $17.03 |
| 1D performance | -0.04% | -0.18% |
| AuM | $169.92 M | $669.37 M |
| E/R | 0.15% | 0.24% |
Characteristics
AVMU | MLN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | VanEck |
| Benchmark | - | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 314 | 345 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2020 | January 2, 2008 |
| ESG | No | No |
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Exposure
Countries
AVMU
USA
55.91%
Other
44.09%
MLN
USA
56.18%
Other
43.82%
Sectors
AVMU
Municipal
55.91%
Other
44.09%
MLN
Municipal
56.18%
Other
43.82%
Diversification
AVMU
Total weight of top 15 holdings out of 15
15.84%
MLN
Total weight of top 15 holdings out of 15
8.03%
Top 15 holdings
Data as of July 31, 2026
AVMU
San Antonio, 4% 15sep2042, USD
2.16%
US47770VCC28
1.68%
US798025ML35
1.63%
Miami Beach, 5% 1sep2040, USD (2015)
1.50%
City of New York, 5% 1aug2032, USD (2025)
1.06%
Grand Parkway Transportation Corp., 4% 1oct2045, USD (2020C)
0.94%
Colorado, 4% 15dec2040, USD (2021A)
0.87%
State of Washington, 5% 1feb2045, USD (2026C)
0.82%
US64985TCL35
0.81%
District of Columbia, 4% 1mar2040, USD (2019A)
0.76%
New York Dormitory Authority, 5% 1jul2041, USD (2016A)
0.76%
US544532GP33
0.73%
University of Michigan, 4% 15feb2044, USD (2019C)
0.72%
Mississippi, 5% 1oct2029, USD (2017A)
0.72%
Delaware Valley Regional Finance Authority, 5.75% 1jul2032, USD
0.69%
MLN
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.77%
City of New York, 5% 1sep2048, USD (2025)
0.74%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
0.52%
Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025)
0.52%
Los Angeles Department of Airports, 5.25% 15may2051, USD (2025)
0.51%
US677523JU73
0.51%
US64990KHZ93
0.51%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.51%
City of New York, 5% 1oct2045, USD (2026)
0.50%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
0.50%
US57582TFG22
0.50%
US59334DQP23
0.49%
Massachusetts, 5% 1aug2054, USD (2024)
0.49%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.49%
US93978LJN73
0.48%
Frequently asked questions about AVMU and MLN
How have the AVMU and MLN ETFs performed in 2026?
As of September 1, 2026, AVMU is down -1.21% year-to-date (YTD), while MLN has lost -0.45%. That puts MLN better performer ahead so far this year.
Which ETF is attracting more investor money: AVMU or MLN?
Year-to-date, the AVMU ETF saw +$25M in flows, compared to +$44M for MLN.
Which ETF is more volatile: AVMU or MLN?
Over the past year, AVMU had a volatility of 2.87%, while MLN experienced 3.61%.
Which ETF is bigger: AVMU or MLN?
As of September 1, 2026, AVMU holds $169.92 M in assets under management (AUM), while MLN manages $669.37 M.
What sectors do the AVMU and MLN ETFs invest in?
AVMU leans toward sectors like Municipal. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the AVMU ETF and MLN ETF?
AVMU top holdings include San Antonio, 4% 15sep2042, USD, US47770VCC28 and US798025ML35. MLN holds in its top three: Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C), City of New York, 5% 1sep2048, USD (2025) and Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A).
Which ETF is more diversified: AVMU or MLN?
AVMU holds 540 securities with 15.84% of its assets in the top 15. MLN has 629 securities and a top 15 weight of 8.03%.
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