MLN vs SPY
Comparison between VANECK LONG MUNI ETF (MLN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MLN, delivering a return of +13.3% compared to -1.1%
MLN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MLN
$701M
Winner
SPY
$735B
Expense Ratio
MLN
0.24%
Winner
SPY
0.09%
Max Drawdown
Winner
MLN
31.30%
SPY
56.47%
Sharpe Ratio
MLN
1.08
Winner
SPY
1.62
5Y Beta
Winner
MLN
0.02
SPY
1.00
P/E Ratio
MLN
N/A
SPY
28.99
Forward P/E
MLN
N/A
SPY
22.37
5Y Dividends CAGR
MLN
3.25%
Winner
SPY
5.43%
5Y EPS CAGR
MLN
N/A
SPY
26.05%
Debt to Equity
MLN
N/A
SPY
32.40%
P/S Ratio
MLN
N/A
SPY
3.74
P/B Ratio
MLN
N/A
SPY
5.61
MLN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MLN
+0.18%
Winner
SPY
+1.90%
3M
MLN
+0.81%
Winner
SPY
+8.55%
6M
MLN
+2.31%
Winner
SPY
+8.18%
1Y
MLN
+8.87%
Winner
SPY
+25.79%
5Y(CAGR)
MLN
-1.07%
Winner
SPY
+13.32%
10Y(CAGR)
MLN
+1.51%
Winner
SPY
+15.19%
Max(CAGR)
MLN
+2.91%
Winner
SPY
+8.47%
MLN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MLN | SPY |
|---|---|---|
| 2026 | +1.46% | +8.26% |
| 2025 | +1.99% | +18.00% |
| 2024 | +1.76% | +25.59% |
| 2023 | +7.86% | +26.72% |
| 2022 | -17.07% | -18.64% |
| 2021 | +1.78% | +30.52% |
| 2020 | +6.12% | +17.28% |
| 2019 | +10.69% | +31.09% |
| 2018 | -0.67% | -5.24% |
| 2017 | +8.58% | +20.78% |
| 2016 | +0.27% | +13.59% |
| 2015 | +3.85% | +1.31% |
| 2014 | +17.42% | +14.56% |
| 2013 | -9.33% | +29.00% |
| 2012 | +10.23% | +14.17% |
| 2011 | +16.10% | +0.85% |
| 2010 | -1.29% | +13.14% |
| 2009 | +17.85% | +22.67% |
| 2008 | -18.51% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MLN vs SPY Drawdown Comparison
The maximum drawdown for MLN was -28.35%, occurring on Dec 15, 2008. Recovery took 423 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MLN drawdown is -6.70%. The current SPY drawdown is -2.90%.
| Rank | MLN | SPY |
|---|---|---|
| #1 | -28.35% Jan 23, 2008 - Sep 25, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -24.46% Jul 20, 2021 - Oct 26, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -23.59% Mar 9, 2020 - Aug 10, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -16.46% Nov 30, 2012 - Aug 25, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.34% Oct 12, 2010 - Aug 3, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.51% Jul 7, 2016 - Dec 5, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.94% Oct 2, 2009 - May 17, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.94% Jan 30, 2015 - Nov 30, 2015 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.69% Dec 6, 2017 - Feb 8, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.65% Feb 10, 2021 - Jun 7, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.98% Aug 4, 2011 - Sep 6, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.94% Feb 28, 2012 - Apr 10, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.72% Oct 4, 2011 - Nov 1, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.63% Aug 28, 2019 - Jan 7, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.09% Aug 10, 2020 - Nov 19, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MLN and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.
0.78
-101
Dividend Comparison (1999 - 2026)
MLN vs SPY dividend yield comparison.
| Year | MLN | SPY |
|---|---|---|
| 2026 | 1.54% | 0.24% |
| 2025 | 3.73% | 1.07% |
| 2024 | 3.59% | 1.21% |
| 2023 | 3.19% | 1.40% |
| 2022 | 2.67% | 1.65% |
| 2021 | 2.52% | 1.20% |
| 2020 | 2.69% | 1.52% |
| 2019 | 2.98% | 1.75% |
| 2018 | 3.09% | 2.04% |
| 2017 | 2.91% | 1.80% |
| 2016 | 3.16% | 2.03% |
| 2015 | 3.38% | 2.06% |
| 2014 | 3.78% | 1.87% |
| 2013 | 4.42% | 1.81% |
| 2012 | 3.88% | 2.18% |
| 2011 | 4.45% | 2.05% |
| 2010 | 4.76% | 1.80% |
| 2009 | 4.72% | 1.95% |
| 2008 | 5.23% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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