MLNvsVTEIETF Comparison
VS
VanEck Long Muni ETF (MLN) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MLN is more expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.08% for VTEI. MLN is down -1.79% year-to-date (YTD) with +$126M in YTD flows. VTEI performs better with -0.37% YTD performance, and +$1.11B in YTD flows. Run a side-by-side ETF comparison of MLN and VTEI 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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MLN vs VTEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLN VTEI | +4.14%+3.86% | -3.20%-0.63% | -1.79%-0.37% | -1.89%+0.14% | +15.06%n/a | -7.72%n/a |
| Flows | MLN VTEI | +$82M+$581M | +$87M+$692M | +$126M+$1.11B | +$135M+$1.25B | +$342M- | +$578M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLN VTEI | +7.36%+4.64% | +4.72%+2.96% | +5.74%n/a | +6.08%n/a |
| Max drawdown | MLN VTEI | -7.80%-4.97% | -9.02%-6.13% | -9.02%n/a | -23.40%n/a |
| Max drawdown duration | MLN VTEI | 76d76d | 114d241d | 114dn/a | 1759dn/a |
Trading data
MLN | VTEI | |
Last sale 10/29/2026 at 3:03 PM | $16.83 | $98.17 |
| Previous close 10/28/2026 | $16.86 | $98.04 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MLN | VTEI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 3:03 PM
Live
Closed
MLN | VTEI | |
|---|---|---|
| Last price | $16.83 | $98.17 |
| 1D performance | -0.18% | +0.13% |
| AuM | $741.93 M | $2.22 B |
| E/R | 0.24% | 0.08% |
Characteristics
MLN | VTEI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Vanguard |
| Benchmark | ICE Long AMT-Free Broad National Municipal Index | S&P Intermediate Term National AMT-Free Municipal Bond Index |
| N° of holdings | 346 | 2950 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 2, 2008 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
MLN
USA
56.14%
Other
43.86%
VTEI
USA
53.74%
Other
46.26%
Sectors
MLN
Municipal
56.14%
Other
43.86%
VTEI
Municipal
53.74%
Other
46.26%
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Diversification
MLN
Total weight of top 15 holdings out of 15
7.99%
VTEI
Total weight of top 15 holdings out of 15
2.61%
Top 15 holdings
Data as of August 31, 2026
MLN
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.76%
City of New York, 5% 1sep2048, USD (2025)
0.74%
Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025)
0.52%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
0.52%
US677523JU73
0.51%
Los Angeles Department of Airports, 5.25% 15may2051, USD (2025)
0.51%
US64990KHZ93
0.51%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.50%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
0.50%
Colorado Bridge and Tunnel Enterprise, 5.25% 1dec2054, USD (2025A)
0.50%
City of New York, 5% 1oct2045, USD (2026)
0.50%
Massachusetts, 5% 1aug2054, USD (2024)
0.49%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.49%
US93978LJN73
0.49%
US677632N648
0.47%
VTEI
US13063EUS35
0.51%
US13063EUP95
0.40%
California, 5% 1mar2035, USD
0.15%
California, 5% 1oct2035, USD
0.15%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.14%
US13063EUV63
0.14%
University of California, 5% 15may2036, USD (2025)
0.13%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.12%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.12%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2039, USD
0.12%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.12%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
Frequently asked questions about MLN and VTEI
How have the MLN and VTEI ETFs performed in 2026?
As of October 28, 2026, MLN is down -1.79% year-to-date (YTD), while VTEI has lost -0.37%. That puts VTEI better performer ahead so far this year.
Which ETF is attracting more investor money: MLN or VTEI?
Year-to-date, the MLN ETF saw +$126M in flows, compared to +$1.11B for VTEI.
Which ETF is more volatile: MLN or VTEI?
Over the past year, MLN had a volatility of 4.72%, while VTEI experienced 2.96%.
Which ETF is bigger: MLN or VTEI?
As of October 28, 2026, MLN holds $741.93 M in assets under management (AUM), while VTEI manages $2.22 B.
What sectors do the MLN and VTEI ETFs invest in?
MLN leans toward sectors like Municipal. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the MLN ETF and VTEI ETF?
MLN top holdings include Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C), City of New York, 5% 1sep2048, USD (2025) and Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025). VTEI holds in its top three: US13063EUS35, US13063EUP95 and California, 5% 1mar2035, USD.
Which ETF is more diversified: MLN or VTEI?
MLN holds 633 securities with 7.99% of its assets in the top 15. VTEI has 6052 securities and a top 15 weight of 2.61%.
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