VTELvsMLNETF Comparison
VS
Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and VanEck Long Muni ETF (MLN) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEL is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.24% for MLN. VTEL is down -2.99% year-to-date (YTD) with +$320M in YTD flows. MLN performs worse with -3.29% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of VTEL 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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VTEL vs MLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEL MLN | -0.39%-0.84% | -4.81%-5.48% | -2.99%-3.29% | -2.48%-3.06% | n/a+10.54% | n/a-9.18% |
| Flows | VTEL MLN | +$84M+$46M | +$203M+$51M | +$320M+$95M | +$387M+$120M | -+$313M | -+$549M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEL MLN | +6.79%+7.33% | +4.27%+4.62% | n/a+5.77% | n/a+6.07% |
| Max drawdown | VTEL MLN | -7.63%-8.15% | -8.55%-9.02% | n/a-9.02% | n/a-23.40% |
| Max drawdown duration | VTEL MLN | 92d92d | 102d102d | n/a102d | n/a1747d |
Trading data
VTEL | MLN | |
Last sale 10/16/2026 at 1:30 PM | $97.32 | $16.55 |
| Previous close 10/15/2026 | $97.49 | $16.63 |
| Consolidated volume 10/15/2026 | ||
| 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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VTEL | 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 10/16/2026 at 1:30 PM
Live
Closed
VTEL | MLN | |
|---|---|---|
| Last price | $97.32 | $16.55 |
| 1D performance | -0.17% | -0.48% |
| AuM | $477.65 M | $699.23 M |
| E/R | 0.09% | 0.24% |
Characteristics
VTEL | MLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | VanEck |
| Benchmark | S&P 10+ Year National AMT-Free Municipal Bond Index | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 2379 | 346 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | January 2, 2008 |
| ESG | No | No |
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Exposure
Countries
VTEL
USA
56.27%
Other
43.73%
MLN
USA
56.14%
Other
43.86%
Sectors
VTEL
Municipal
56.27%
Other
43.73%
MLN
Municipal
56.14%
Other
43.86%
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Diversification
VTEL
Total weight of top 15 holdings out of 15
1.79%
MLN
Total weight of top 15 holdings out of 15
7.99%
Top 15 holdings
Data as of August 31, 2026
VTEL
US13063EVD56
0.17%
US13063EUG96
0.16%
California, 5% 1aug2050, USD
0.14%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.13%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
0.13%
US64972JN619
0.13%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.12%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.11%
US64972JDG04
0.11%
California, 5% 1aug2042, USD
0.11%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.10%
New Jersey Turnpike Authority, 5% 1jan2052, USD (2026)
0.10%
New York Urban Development Corp., 5% 15mar2043, USD (2020C)
0.10%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.10%
New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B)
0.10%
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%
Frequently asked questions about VTEL and MLN
How have the VTEL and MLN ETFs performed in 2026?
As of October 16, 2026, VTEL is down -2.99% year-to-date (YTD), while MLN has lost -3.29%. That puts VTEL better performer ahead so far this year.
Which ETF is attracting more investor money: VTEL or MLN?
Year-to-date, the VTEL ETF saw +$320M in flows, compared to +$95M for MLN.
Which ETF is more volatile: VTEL or MLN?
Over the past year, VTEL had a volatility of 4.27%, while MLN experienced 4.62%.
Which ETF is bigger: VTEL or MLN?
As of October 16, 2026, VTEL holds $477.65 M in assets under management (AUM), while MLN manages $699.23 M.
What sectors do the VTEL and MLN ETFs invest in?
VTEL leans toward sectors like Municipal. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the VTEL ETF and MLN ETF?
VTEL top holdings include US13063EVD56, US13063EUG96 and California, 5% 1aug2050, 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 Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025).
Which ETF is more diversified: VTEL or MLN?
VTEL holds 4654 securities with 1.79% of its assets in the top 15. MLN has 633 securities and a top 15 weight of 7.99%.
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