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MLN vs VTEL

VanEck Long Muni ETF

MLNBCboe

Vanguard Long-Term Tax-Exempt Bond ETF

VTELBCboe

Overlap

Expense ratio

VTEL −0.15pt a year

MLN0.24%VTEL0.09%

Avg volume · 30D

MLN 5.2×the volume

MLN560KVTEL108K

MLN vs VTEL Performance

Oct 31, 2025 – Oct 30, 2026

−0.4%MLN−1.0%VTEL

Oct 31, 2025 to Oct 30, 2026. MLN −0.4%. VTEL −1.0%. Use the arrow keys to read each point.−6%−4%2%Oct 2025Apr 2026Oct 2026
Expense ratio
MLN 0.24%
VTEL 0.09%, better
Fund size
MLN $755M
VTEL $417M
1Y total return
MLN −0.4%, better
VTEL −1.0%
Yield (12M)
MLN 4.00%, better
VTEL 3.93%
Holdings
MLN 703
VTEL 4926
Avg volume (30D)
MLN 560K sh, better
VTEL 108K sh
NAV per share
MLN $16.83
VTEL $99.55
52W range

ETF.net Grade

MLN: Cost 55, Risk 48, Mission 64, Tradability 42, Holdings 63, Durability 70. VTEL: Cost 80, Risk 48, Mission 59, Tradability 63, Holdings 77, Durability 53.
Pillar letters and Scores for MLN, VTEL, with each pillar’s weight
PillarMLNVTEL
Cost30% weightB55A80Higher
Mission25% weightB64HigherB59
Risk15% weightC48C48
Tradability15% weightC42B63Higher
Holdings10% weightB63A77Higher
Durability5% weightA70HigherC53

Rank among Long-Duration Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MLN and VTEL are both graded against the same 5 Long-Duration Municipal Bonds funds, so their Grades compare head to head.

Long-Duration Municipal Bonds⁠

Category · 5 funds
See all 5 ›

VTEL ranks 1st and MLN 3rd of 5 funds in the Long-Duration Municipal Bonds Category.

  1. Rank 1BVTELVanguard Long-Term Tax-Exempt Bond ETFScore 65
  2. Rank 2BLMUBiShares Long-Term National Muni Bond ETFScore 63
  3. Rank 3BMLNVanEck Long Muni ETFScore 55
  4. Rank 4CTMNLT. Rowe Price Long Municipal Income ETFScore 45

Our read on each fund

ETF.net Research

MLNBVanEck Long Muni ETF

VTELBVanguard Long-Term Tax-Exempt Bond ETF

In short

MLN Most muni funds hug the middle of the maturity curve. MLN goes long on purpose: an index of long-dated, AMT-free national munis, running since 2008, paying tax-exempt income monthly and carrying the bigger rate swings that come with the long end.

VTEL No data

Stated mandate

MLN MLN seeks to track, before fees and expenses, the price and yield performance of the ICE Long AMT-Free Broad National Municipal Index, representing the U.S. dollar-denominated long-term tax-exempt bond market.

VTEL No data

Why people hold it

  • MLN Costs 0.24% a year, below the 0.30% median for muni bond ETFs.
  • AMT-free by design: the index leaves out bonds whose income can trigger the alternative minimum tax. Roughly 700 holdings, spread across the country rather than one state.
  • Open since 2008, so it has traded through a full rate cycle, and it pays out monthly.
  • Sits in the upper half of a crowded national muni field on our review of cost, tracking and structure.

VTEL No data

Worth knowing

  • MLN Long maturities move harder on rate shifts than intermediate muni funds do. That duration is the entire point of the fund, and it works in both directions.
  • All-maturity rivals VTEB (0.03%) and MUB (0.05%) charge a fraction as much. The premium here buys a long-end-only mandate they do not run.
  • Mid-sized and moderately traded, so bid-ask spreads carry more weight than in the muni aisle's biggest funds.

VTEL No data

Full MLN profile⁠

Full VTEL profile⁠

MLN vs VTEL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MLN vs VTEL Cost

Overpaying MLN vs VTEL

$3,061

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MLN 0.24%

    $4,959

  • VTEL 0.09%

    $1,898

$10,000
30 years

Cost over time

  • MLN 0.24%
  • VTEL 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530MLN $4,959VTEL $1,898

Year by year

YearMLNVTELOverpaying
10$437$165$272
20$1,699$646$1,053
30$4,959$1,898$3,061

Expense ratio

  • 0.24%MLN
  • 0.09%VTEL, cheaper
  • Middle half of Long-Duration Municipal Bonds funds
  • Median 0.24%

VTEL cheapest of 5 funds

MLN 3rd cheapest of 5 funds

MLN vs VTEL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MLN 4.00%, better
VTEL 3.93%
Payout (12M)
MLN $0.68
VTEL $3.91
Last payment
MLN $0.05
VTEL $0.32
Ex-dividend
MLN Oct 1, 2026
VTEL Oct 1, 2026
Paid on
MLN Oct 6, 2026
VTEL Oct 5, 2026
Frequency
MLN Monthly
VTEL Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

MLNMonthly · 45 paymentsAll MLN payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.05; Mar 1, 2023 $0.04; Apr 3, 2023 $0.05; May 1, 2023 $0.04; Jun 1, 2023 $0.05; Jul 3, 2023 $0.05; Aug 1, 2023 $0.04; Sep 1, 2023 $0.05; Oct 2, 2023 $0.05; Nov 1, 2023 $0.05; Dec 1, 2023 $0.05; Dec 27, 2023 $0.05; Feb 1, 2024 $0.05; Mar 1, 2024 $0.05; Apr 1, 2024 $0.06; May 1, 2024 $0.05; Jun 3, 2024 $0.05; Jul 1, 2024 $0.05; Aug 1, 2024 $0.06; Sep 3, 2024 $0.05; Oct 1, 2024 $0.05; Nov 1, 2024 $0.06; Dec 2, 2024 $0.05; Dec 27, 2024 $0.06; Feb 3, 2025 $0.05; Mar 3, 2025 $0.05; Apr 1, 2025 $0.06; May 1, 2025 $0.05; Jun 2, 2025 $0.06; Jul 1, 2025 $0.05; Aug 1, 2025 $0.06; Sep 2, 2025 $0.05; Oct 1, 2025 $0.05; Nov 3, 2025 $0.06; Nov 28, 2025 $0.05; Dec 29, 2025 $0.06; Feb 2, 2026 $0.06; Mar 2, 2026 $0.05; Apr 1, 2026 $0.06; May 1, 2026 $0.05; Jun 1, 2026 $0.05; Jul 1, 2026 $0.07; Aug 3, 2026 $0.06; Sep 1, 2026 $0.06; Oct 1, 2026 $0.05. Use the arrow keys to read each point.$0$0.5020232026YTD
VTELMonthly · 16 paymentsAll VTEL payments⁠
One bar per payment. 16 payments from 2023 to 2026 YTD. Jul 1, 2025 $0.47; Aug 1, 2025 $0.25; Sep 2, 2025 $0.32; Oct 1, 2025 $0.30; Nov 3, 2025 $0.31; Dec 1, 2025 $0.33; Dec 18, 2025 $0.34; Feb 2, 2026 $0.33; Mar 2, 2026 $0.31; Apr 1, 2026 $0.34; May 1, 2026 $0.34; Jun 1, 2026 $0.33; Jul 1, 2026 $0.34; Aug 3, 2026 $0.31; Sep 1, 2026 $0.31; Oct 1, 2026 $0.32. Use the arrow keys to read each point.$0$0.5020232026YTD

MLN vs VTEL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MLN 8.6%VTEL 7.4%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
MLN 0.14VTEL −0.03since Jun 2025
Worst fallMax drawdown, 5 years
MLN −23.9%VTEL −8.6%since May 2025
Market sensitivityBeta, 5 years
MLN 1.30VTEL 0.22

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