SHYDvsMLNETF Comparison
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VanEck Short High Yield Muni ETF (SHYD) and VanEck Long Muni ETF (MLN) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. SHYD is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.24% for MLN. SHYD is up 0.96% year-to-date (YTD) with +$69M in YTD flows. MLN performs worse with -0.48% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of SHYD 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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SHYD vs MLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHYD MLN | -0.01%-1.42% | -0.07%-2.58% | +0.96%-0.48% | +2.86%+5.50% | +12.42%+9.13% | +3.37%-7.71% |
| Flows | SHYD MLN | +$7M+$5M | +$35M-$16M | +$69M+$44M | +$113M+$131M | +$68M+$242M | +$95M+$501M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHYD MLN | +1.50%+3.69% | +1.57%+3.60% | +2.27%+5.68% | +2.39%+5.89% |
| Max drawdown | SHYD MLN | -0.98%-3.66% | -2.14%-3.66% | -2.95%-8.67% | -12.22%-23.40% |
| Max drawdown duration | SHYD MLN | 58d58d | 123d58d | 114d394d | 1421d1703d |
Trading data
SHYD | MLN | |
Last sale 9/3/2026 at 1:30 PM | $22.52 | $17.00 |
| Previous close 09/02/2026 | $22.55 | $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 4, 2026
1-year trailing difference
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SHYD | 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 1:30 PM
Live
Closed
SHYD | MLN | |
|---|---|---|
| Last price | $22.52 | $17.00 |
| 1D performance | -0.13% | -0.18% |
| AuM | $454.66 M | $669.16 M |
| E/R | 0.32% | 0.24% |
Characteristics
SHYD | MLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | VanEck |
| Benchmark | ICE 1-12 Year Broad High Yield Crossover Municipal Index | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 270 | 345 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 13, 2014 | January 2, 2008 |
| ESG | No | No |
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Exposure
Countries
SHYD
USA
57.85%
Other
42.15%
MLN
USA
56.18%
Other
43.82%
Sectors
SHYD
Municipal
57.85%
Other
42.15%
MLN
Municipal
56.18%
Other
43.82%
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Diversification
SHYD
Total weight of top 15 holdings out of 15
13.22%
MLN
Total weight of top 15 holdings out of 15
8.03%
Top 15 holdings
Data as of July 31, 2026
SHYD
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
1.58%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
1.20%
Puerto Rico, 5.75% 1jul2031, USD
0.94%
Puerto Rico, 4% 1jul2033, USD
0.87%
Denver, 5% 1oct2032, USD (2017)
0.87%
US13034A7E44
0.84%
Greater Orlando Aviation Authority, 5.5% 1nov2037, USD (2025)
0.84%
US09182TGC53
0.81%
US05786PAA12
0.81%
Mission Economic Development Corp., 4.625% 1oct2031, USD (2018)
0.79%
New York Transportation Development Corp., 4% 1jul2035, USD (2016A)
0.77%
Puerto Rico, 5.625% 1jul2029, USD
0.74%
US74440DFN93
0.73%
US650116FD37
0.73%
Baldwin Industrial Development Authority, 4.3% 1mar2056, USD (2026A)
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 SHYD and MLN
How have the SHYD and MLN ETFs performed in 2026?
As of September 2, 2026, SHYD is up 0.96% year-to-date (YTD), while MLN has lost -0.48%. That puts SHYD better performer ahead so far this year.
Which ETF is attracting more investor money: SHYD or MLN?
Year-to-date, the SHYD ETF saw +$69M in flows, compared to +$44M for MLN.
Which ETF is more volatile: SHYD or MLN?
Over the past year, SHYD had a volatility of 1.57%, while MLN experienced 3.6%.
Which ETF is bigger: SHYD or MLN?
As of September 2, 2026, SHYD holds $454.66 M in assets under management (AUM), while MLN manages $669.16 M.
What sectors do the SHYD and MLN ETFs invest in?
SHYD leans toward sectors like Municipal. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the SHYD ETF and MLN ETF?
SHYD top holdings include California Municipal Finance Authority, 4% 15jul2029, USD (2019), Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1) and Puerto Rico, 5.75% 1jul2031, USD. 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: SHYD or MLN?
SHYD holds 514 securities with 13.22% of its assets in the top 15. MLN has 629 securities and a top 15 weight of 8.03%.
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