VTEIvsMLNETF Comparison
VS
Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and VanEck Long Muni ETF (MLN) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEI is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.24% for MLN. VTEI is down -0.54% year-to-date (YTD) with +$481M in YTD flows. MLN performs better with -0.45% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of VTEI 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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VTEI 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. | VTEI MLN | -0.56%-1.39% | -1.53%-2.28% | -0.54%-0.45% | +2.75%+5.54% | n/a+8.98% | n/a-7.68% |
| Flows | VTEI MLN | +$62M+$5M | +$162M-$16M | +$481M+$44M | +$735M+$131M | -+$244M | -+$502M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEI MLN | +2.29%+3.75% | +2.13%+3.61% | n/a+5.68% | n/a+5.89% |
| Max drawdown | VTEI MLN | -2.11%-3.63% | -2.55%-3.63% | n/a-8.67% | n/a-23.40% |
| Max drawdown duration | VTEI MLN | 57d57d | 184d57d | n/a394d | n/a1702d |
Trading data
VTEI | MLN | |
Last sale 9/2/2026 at 1:30 PM | $98.09 | $17.03 |
| Previous close 09/01/2026 | $98.19 | $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 August 31, 2026
1-year trailing difference
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VTEI | 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 1:30 PM
Live
Closed
VTEI | MLN | |
|---|---|---|
| Last price | $98.09 | $17.03 |
| 1D performance | -0.10% | -0.21% |
| AuM | $1.58 B | $669.37 M |
| E/R | 0.08% | 0.24% |
Characteristics
VTEI | MLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | VanEck |
| Benchmark | S&P Intermediate Term National AMT-Free Municipal Bond Index | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 2991 | 345 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | January 2, 2008 |
| ESG | No | No |
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Exposure
Countries
VTEI
USA
56.56%
Other
43.44%
MLN
USA
56.18%
Other
43.82%
Sectors
VTEI
Municipal
56.56%
Other
43.44%
MLN
Municipal
56.18%
Other
43.82%
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Diversification
VTEI
Total weight of top 15 holdings out of 15
1.97%
MLN
Total weight of top 15 holdings out of 15
8.03%
Top 15 holdings
Data as of July 31, 2026
VTEI
California, 5% 1oct2035, USD
0.16%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.16%
California Public Works Board, 5% 1apr2035, USD
0.14%
University of California, 5% 15may2036, USD (2025)
0.14%
US697379YS89
0.14%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.13%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.13%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.13%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.13%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.13%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
US67766WV741
0.12%
US677523LK63
0.11%
US419792MM53
0.11%
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 VTEI and MLN
How have the VTEI and MLN ETFs performed in 2026?
As of September 1, 2026, VTEI is down -0.54% 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: VTEI or MLN?
Year-to-date, the VTEI ETF saw +$481M in flows, compared to +$44M for MLN.
Which ETF is more volatile: VTEI or MLN?
Over the past year, VTEI had a volatility of 2.13%, while MLN experienced 3.61%.
Which ETF is bigger: VTEI or MLN?
As of September 1, 2026, VTEI holds $1.58 B in assets under management (AUM), while MLN manages $669.37 M.
What sectors do the VTEI and MLN ETFs invest in?
VTEI leans toward sectors like Municipal. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the VTEI ETF and MLN ETF?
VTEI top holdings include California, 5% 1oct2035, USD, Bay Area Toll Authority, 5% 1apr2061, USD (2026) and California Public Works Board, 5% 1apr2035, 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: VTEI or MLN?
VTEI holds 6057 securities with 1.97% of its assets in the top 15. MLN has 629 securities and a top 15 weight of 8.03%.
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