DFCA vs MLN
Comparison between DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF (DFCA, ETF) and VANECK LONG MUNI ETF (MLN, ETF).
DFCA vs MLN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
DFCA
$703M
MLN
$700M
Expense Ratio
Winner
DFCA
0.19%
MLN
0.24%
Max Drawdown
Winner
DFCA
4.35%
MLN
31.30%
Sharpe Ratio
DFCA
0.35
Winner
MLN
1.41
5Y Beta
Winner
DFCA
0.02
MLN
0.03
5Y Dividends CAGR
DFCA
N/A
MLN
3.92%
DFCA vs MLN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
DFCA
-0.34%
MLN
-0.52%
3M
DFCA
+0.01%
Winner
MLN
+0.06%
6M
DFCA
+0.21%
Winner
MLN
+2.18%
1Y
DFCA
+4.36%
Winner
MLN
+9.92%
5Y(CAGR)
DFCA
N/A
MLN
-1.31%
10Y(CAGR)
DFCA
N/A
MLN
+1.35%
Max(CAGR)
DFCA
+2.56%
Winner
MLN
+2.90%
DFCA vs MLN - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | DFCA | MLN |
|---|---|---|
| 2026 | +0.70% | +1.65% |
| 2025 | +2.96% | +1.99% |
| 2024 | +1.71% | +1.76% |
| 2023 | +2.59% | +7.86% |
| 2022 | N/A | -17.07% |
| 2021 | N/A | +1.78% |
| 2020 | N/A | +6.12% |
| 2019 | N/A | +10.69% |
| 2018 | N/A | -0.67% |
| 2017 | N/A | +8.58% |
| 2016 | N/A | +0.27% |
| 2015 | N/A | +3.85% |
| 2014 | N/A | +17.42% |
| 2013 | N/A | -9.33% |
| 2012 | N/A | +10.23% |
| 2011 | N/A | +16.10% |
| 2010 | N/A | -1.29% |
| 2009 | N/A | +17.85% |
| 2008 | N/A | -18.51% |
DFCA vs MLN Drawdown Comparison
The maximum drawdown for DFCA was -3.28%, occurring on Apr 11, 2025. Recovery took 131 trading sessions.
The maximum drawdown for MLN was -28.35%, occurring on Dec 15, 2008. Recovery took 423 trading sessions.
The current DFCA drawdown is -0.82%. The current MLN drawdown is -6.53%.
| Rank | DFCA | MLN |
|---|---|---|
| #1 | -3.28% Feb 28, 2025 - Sep 8, 2025 | -28.35% Jan 23, 2008 - Sep 25, 2009 |
| #2 | -3.07% Jul 26, 2023 - Nov 29, 2023 | -24.46% Jul 20, 2021 - Oct 26, 2022 |
| #3 | -1.77% Feb 27, 2026 - Mar 27, 2026 | -23.59% Mar 9, 2020 - Aug 10, 2020 |
| #4 | -1.63% Dec 6, 2024 - Feb 28, 2025 | -16.46% Nov 30, 2012 - Aug 25, 2014 |
| #5 | -1.27% Mar 7, 2024 - Jul 5, 2024 | -14.34% Oct 12, 2010 - Aug 3, 2011 |
| #6 | -1.13% Oct 1, 2024 - Nov 27, 2024 | -10.51% Jul 7, 2016 - Dec 5, 2017 |
| #7 | -0.60% Jan 8, 2024 - Jan 31, 2024 | -4.94% Oct 2, 2009 - May 17, 2010 |
| #8 | -0.57% Feb 1, 2024 - Mar 5, 2024 | -4.94% Jan 30, 2015 - Nov 30, 2015 |
| #9 | -0.42% Aug 5, 2024 - Sep 4, 2024 | -4.69% Dec 6, 2017 - Feb 8, 2019 |
| #10 | -0.37% Nov 28, 2025 - Dec 19, 2025 | -3.65% Feb 10, 2021 - Jun 7, 2021 |
| #11 | -0.37% Sep 22, 2025 - Oct 13, 2025 | -2.98% Aug 4, 2011 - Sep 6, 2011 |
| #12 | -0.28% Jul 19, 2024 - Jul 26, 2024 | -2.94% Feb 28, 2012 - Apr 10, 2012 |
| #13 | -0.22% Dec 29, 2023 - Jan 8, 2024 | -2.72% Oct 4, 2011 - Nov 1, 2011 |
| #14 | -0.22% Nov 11, 2025 - Nov 19, 2025 | -2.63% Aug 28, 2019 - Jan 7, 2020 |
| #15 | -0.20% Oct 24, 2025 - Nov 10, 2025 | -2.09% Aug 10, 2020 - Nov 19, 2020 |
Correlation
Correlation between DFCA and MLN is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2008 - 2026)
DFCA vs MLN dividend yield comparison.
| Year | DFCA | MLN |
|---|---|---|
| 2026 | 1.43% | 1.93% |
| 2025 | 2.86% | 3.73% |
| 2024 | 2.86% | 3.59% |
| 2023 | 1.24% | 3.19% |
| 2022 | 0.00% | 2.67% |
| 2021 | 0.00% | 2.52% |
| 2020 | 0.00% | 2.69% |
| 2019 | 0.00% | 2.98% |
| 2018 | 0.00% | 3.09% |
| 2017 | 0.00% | 2.91% |
| 2016 | 0.00% | 3.16% |
| 2015 | 0.00% | 3.38% |
| 2014 | 0.00% | 3.78% |
| 2013 | 0.00% | 4.42% |
| 2012 | 0.00% | 3.88% |
| 2011 | 0.00% | 4.45% |
| 2010 | 0.00% | 4.76% |
| 2009 | 0.00% | 4.72% |
| 2008 | 0.00% | 5.23% |
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