FOPCvsMLNETF Comparison
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Frontier Asset Opportunistic Credit ETF (FOPC) belongs to the Intl Aggregate Bonds segment. VanEck Long Muni ETF (MLN) is part of the Municipal Bonds segment. FOPC's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, MLN's top sector exposures are Municipal. FOPC is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.24% for MLN. FOPC is down -0.04% year-to-date (YTD) with -$2M in YTD flows. MLN performs worse with -0.48% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of FOPC 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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FOPC 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. | FOPC MLN | -0.12%-1.42% | -0.65%-2.58% | -0.04%-0.48% | +1.77%+5.50% | n/a+9.13% | n/a-7.71% |
| Flows | FOPC MLN | -$2K+$5M | +$3K-$16M | -$2M+$44M | +$29K+$131M | -+$242M | -+$501M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FOPC MLN | +3.28%+3.69% | +2.94%+3.60% | n/a+5.68% | n/a+5.89% |
| Max drawdown | FOPC MLN | -1.26%-3.66% | -2.16%-3.66% | n/a-8.67% | n/a-23.40% |
| Max drawdown duration | FOPC MLN | 64d58d | 184d58d | n/a394d | n/a1703d |
Trading data
FOPC | MLN | |
Last sale 9/3/2026 at 1:46 PM | $25.15 | $17.04 |
| Previous close 09/02/2026 | $25.15 | $17.03 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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FOPC
is actively managed and doesn’t replicate an indexFOPC | 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 9/3/2026 at 1:46 PM
Live
Closed
FOPC | MLN | |
|---|---|---|
| Last price | $25.15 | $17.04 |
| 1D performance | -0.00% | +0.06% |
| AuM | $32.93 M | $669.16 M |
| E/R | 0.87% | 0.24% |
Characteristics
FOPC | MLN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Frontier Asset Management | VanEck |
| Benchmark | - | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 3381 | 345 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 19, 2024 | January 2, 2008 |
| ESG | No | No |
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Exposure
Countries
FOPC
USA
53.82%
Other
46.18%
MLN
USA
56.18%
Other
43.82%
Sectors
FOPC
Sovereign
33.24%
Other
66.76%
MLN
Municipal
56.18%
Other
43.82%
Diversification
FOPC
Total weight of top 15 holdings out of 15
37.43%
MLN
Total weight of top 15 holdings out of 15
8.03%
Top 15 holdings
Data as of July 31, 2026
FOPC
US29287L7001
25.34%
US72201R5853
4.79%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
0.63%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.61%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.60%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
0.60%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
0.59%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
0.56%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
0.56%
BlackRock Cash Funds - Institutional
0.55%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
0.55%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
0.53%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
0.52%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
0.51%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
0.50%
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 FOPC and MLN
How have the FOPC and MLN ETFs performed in 2026?
As of September 1, 2026, FOPC is down -0.04% year-to-date (YTD), while MLN has lost -0.48%. That puts FOPC better performer ahead so far this year.
Which ETF is attracting more investor money: FOPC or MLN?
Year-to-date, the FOPC ETF saw -$2M in flows, compared to +$44M for MLN.
Which ETF is more volatile: FOPC or MLN?
Over the past year, FOPC had a volatility of 2.94%, while MLN experienced 3.6%.
Which ETF is bigger: FOPC or MLN?
As of September 1, 2026, FOPC holds $32.93 M in assets under management (AUM), while MLN manages $669.16 M.
What sectors do the FOPC and MLN ETFs invest in?
FOPC leans toward sectors like Sovereign. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the FOPC ETF and MLN ETF?
FOPC top holdings include US29287L7001, US72201R5853 and USA, Notes 3.625% 31aug2029, USD (AC-2029). 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: FOPC or MLN?
FOPC holds 12604 securities with 37.43% of its assets in the top 15. MLN has 629 securities and a top 15 weight of 8.03%.
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Latest news about FOPC & MLN
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FOPC
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