MLNvsVTESETF Comparison
VS
VanEck Long Muni ETF (MLN) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES) 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 0.05% for VTES. MLN is down -1.75% year-to-date (YTD) with +$126M in YTD flows. VTES performs better with 0.9% YTD performance, and +$2.55B in YTD flows. Run a side-by-side ETF comparison of MLN and VTES 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 VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLN VTES | +4.18%+2.60% | -2.90%+0.46% | -1.75%+0.90% | -1.86%+1.46% | +14.82%+10.92% | -7.51%n/a |
| Flows | MLN VTES | +$82M+$873M | +$87M+$1.96B | +$126M+$2.55B | +$135M+$2.72B | +$342M+$3.89B | +$578M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLN VTES | +7.39%+2.69% | +4.72%+1.67% | +5.74%+1.61% | +6.09%n/a |
| Max drawdown | MLN VTES | -7.80%-2.66% | -9.02%-2.95% | -9.02%-2.95% | -23.40%n/a |
| Max drawdown duration | MLN VTES | 75d75d | 113d243d | 113d243d | 1758dn/a |
Trading data
MLN | VTES | |
Last sale 10/27/2026 at 1:30 PM | $16.85 | $100.44 |
| Previous close 10/27/2026 | $16.80 | $100.46 |
| Consolidated volume 10/27/2026 | ||
| 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 | VTES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
MLN | VTES | |
|---|---|---|
| Last price | $16.85 | $100.44 |
| 1D performance | +0.30% | -0.02% |
| AuM | $742.22 M | $4.15 B |
| E/R | 0.24% | 0.05% |
Characteristics
MLN | VTES | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Vanguard |
| Benchmark | ICE Long AMT-Free Broad National Municipal Index | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 346 | 1671 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 2, 2008 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
MLN
USA
56.14%
Other
43.86%
VTES
USA
52.32%
Other
47.68%
Sectors
MLN
Municipal
56.14%
Other
43.86%
VTES
Municipal
52.32%
Other
47.68%
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Diversification
MLN
Total weight of top 15 holdings out of 15
7.99%
VTES
Total weight of top 15 holdings out of 15
5.61%
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%
VTES
US13063EUN48
0.91%
US13063EUM64
0.86%
US13063EUP95
0.78%
US13063EUU80
0.42%
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.40%
US13063EUQ78
0.38%
US13063EUS35
0.30%
Illinois, 5% 1nov2028, USD (2017D)
0.22%
US64972JQM35
0.21%
US13063ENN21
0.19%
Illinois, 5% 1nov2027, USD (2017D)
0.19%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.19%
New Jersey, 5% 1jun2029, USD
0.19%
Pennsylvania Public School Building Authority, 5% 1jun2033, USD (2016A)
0.18%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.18%
Frequently asked questions about MLN and VTES
How have the MLN and VTES ETFs performed in 2026?
As of October 27, 2026, MLN is down -1.75% year-to-date (YTD), while VTES has returned 0.9%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: MLN or VTES?
Year-to-date, the MLN ETF saw +$126M in flows, compared to +$2.55B for VTES.
Which ETF is more volatile: MLN or VTES?
Over the past year, MLN had a volatility of 4.72%, while VTES experienced 1.67%.
Which ETF is bigger: MLN or VTES?
As of October 27, 2026, MLN holds $742.22 M in assets under management (AUM), while VTES manages $4.15 B.
What sectors do the MLN and VTES ETFs invest in?
MLN leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the MLN ETF and VTES 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). VTES holds in its top three: US13063EUN48, US13063EUM64 and US13063EUP95.
Which ETF is more diversified: MLN or VTES?
MLN holds 633 securities with 7.99% of its assets in the top 15. VTES has 3442 securities and a top 15 weight of 5.61%.
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