When holding the VanEck Vectors AMT-Free Long Municipal Index (MLN) ETF, how long should you stay invested to have high probability to achieve a positive return?
Over the selected period (~48 years), the longest duration with a negative return was 92 months (from March 2016 to October 2023).
This indicates that, within the same timeframe, any rolling period of 93 months or more has consistently resulted in a positive return.
Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.
VanEck Vectors AMT-Free Long Municipal Index (MLN) ETF: Historical Returns
Previous vs subsequent Returns
Is there a correlation between past and future returns over all 10-year rolling periods?
The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).
Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.
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As of Oct 31, 2025, the annualized return of the previous 10 years has been 2.02%.
Rolling Returns
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
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Rolling Period Analysis
By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.
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| Worst | Median | Best | Negative Periods |
|---|---|---|---|
|
-22.25%
Apr 1979 - Mar 1980 |
+5.81% |
+38.56%
Jan 1982 - Dec 1982 |
20.43%
115 out of 563 |
|
-32.15%
Apr 1979 - Mar 1980 |
+2.92% |
+33.45%
Jan 1982 - Dec 1982 |
36.06%
203 out of 563 |
|
-17.99%
Sep 1979 - Aug 1981 |
+5.78% |
+24.30%
Oct 1981 - Sep 1983 |
11.98%
66 out of 551 |
|
-26.68%
Sep 1979 - Aug 1981 |
+3.03% |
+19.70%
Oct 1981 - Sep 1983 |
22.32%
123 out of 551 |
|
-11.43%
Oct 1978 - Sep 1981 |
+5.93% |
+19.33%
Feb 1982 - Jan 1985 |
11.13%
60 out of 539 |
|
-20.83%
Oct 1978 - Sep 1981 |
+3.37% |
+14.91%
Feb 1982 - Jan 1985 |
16.33%
88 out of 539 |
|
-6.41%
Jan 1978 - Dec 1981 |
+5.92% |
+19.46%
Feb 1982 - Jan 1986 |
9.68%
51 out of 527 |
|
-15.58%
Jan 1978 - Dec 1981 |
+3.32% |
+15.20%
Apr 1982 - Mar 1986 |
16.13%
85 out of 527 |
|
-1.97%
Aug 2020 - Jul 2025 |
+6.08% |
+19.01%
Feb 1982 - Jan 1987 |
4.08%
21 out of 515 |
|
-7.48%
Jan 1978 - Dec 1982 |
+3.41% |
+15.13%
Feb 1982 - Jan 1987 |
14.95%
77 out of 515 |
|
-0.96%
Sep 2019 - Aug 2025 |
+6.09% |
+15.38%
Sep 1981 - Aug 1987 |
1.99%
10 out of 503 |
|
-6.69%
Jun 1978 - May 1984 |
+3.58% |
+11.32%
Sep 1981 - Aug 1987 |
13.92%
70 out of 503 |
|
-0.43%
Nov 2016 - Oct 2023 |
+6.19% |
+14.32%
Jan 1982 - Dec 1988 |
0.41%
2 out of 491 |
|
-4.10%
Jan 1978 - Dec 1984 |
+3.66% |
+10.33%
Jan 1982 - Dec 1988 |
13.03%
64 out of 491 |
|
+0.46%
Nov 2015 - Oct 2023 |
+6.09% |
+13.74%
Jan 1982 - Dec 1989 |
0.00%
0 out of 479 |
|
-2.72%
Nov 2015 - Oct 2023 |
+3.59% |
+9.63%
Jan 1982 - Dec 1989 |
11.69%
56 out of 479 |
|
+0.41%
Aug 2016 - Jul 2025 |
+6.02% |
+12.74%
Jan 1982 - Dec 1990 |
0.00%
0 out of 467 |
|
-2.82%
Aug 2016 - Jul 2025 |
+3.60% |
+8.38%
Jan 1982 - Dec 1990 |
10.49%
49 out of 467 |
|
+0.93%
Nov 2012 - Oct 2022 |
+6.07% |
+12.61%
Jan 1982 - Dec 1991 |
0.00%
0 out of 455 |
|
-1.58%
Aug 2015 - Jul 2025 |
+3.65% |
+8.37%
Jan 1982 - Dec 1991 |
9.89%
45 out of 455 |
|
+1.08%
Nov 2012 - Oct 2023 |
+6.03% |
+12.31%
Jan 1982 - Dec 1992 |
0.00%
0 out of 443 |
|
-1.49%
Nov 2012 - Oct 2023 |
+3.56% |
+8.16%
Jan 1982 - Dec 1992 |
6.55%
29 out of 443 |
|
+1.83%
May 2013 - Apr 2025 |
+6.07% |
+12.45%
Oct 1981 - Sep 1993 |
0.00%
0 out of 431 |
|
-0.88%
May 2013 - Apr 2025 |
+3.50% |
+8.37%
Oct 1981 - Sep 1993 |
5.34%
23 out of 431 |
|
+1.74%
Aug 2012 - Jul 2025 |
+5.93% |
+11.28%
Sep 1981 - Aug 1994 |
0.00%
0 out of 419 |
|
-0.91%
Aug 2012 - Jul 2025 |
+3.42% |
+7.24%
Sep 1981 - Aug 1994 |
2.86%
12 out of 419 |
|
+2.59%
Oct 2009 - Sep 2023 |
+5.94% |
+11.43%
Jan 1982 - Dec 1995 |
0.00%
0 out of 407 |
|
+0.03%
Oct 2009 - Sep 2023 |
+3.41% |
+7.58%
Jan 1982 - Dec 1995 |
0.00%
0 out of 407 |
|
+2.59%
Sep 2010 - Aug 2025 |
+6.09% |
+10.95%
Jan 1982 - Dec 1996 |
0.00%
0 out of 395 |
|
-0.07%
Sep 2010 - Aug 2025 |
+3.49% |
+7.13%
Jan 1982 - Dec 1996 |
0.25%
1 out of 395 |
|
+3.02%
Oct 2009 - Sep 2025 |
+6.15% |
+10.84%
Jan 1982 - Dec 1997 |
0.00%
0 out of 383 |
|
+0.43%
Oct 2009 - Sep 2025 |
+3.35% |
+7.15%
Jan 1982 - Dec 1997 |
0.00%
0 out of 383 |
|
+3.18%
Nov 2006 - Oct 2023 |
+6.09% |
+10.66%
Oct 1981 - Sep 1998 |
0.00%
0 out of 371 |
|
+0.66%
Nov 2006 - Oct 2023 |
+3.36% |
+7.05%
Oct 1981 - Sep 1998 |
0.00%
0 out of 371 |
|
+3.29%
Nov 2004 - Oct 2022 |
+6.20% |
+9.88%
Oct 1981 - Sep 1999 |
0.00%
0 out of 359 |
|
+0.77%
Nov 2004 - Oct 2022 |
+3.38% |
+6.34%
Oct 1981 - Sep 1999 |
0.00%
0 out of 359 |
|
+3.25%
Nov 2004 - Oct 2023 |
+6.12% |
+9.91%
Jan 1982 - Dec 2000 |
0.00%
0 out of 347 |
|
+0.69%
Nov 2004 - Oct 2023 |
+3.44% |
+6.39%
Jan 1982 - Dec 2000 |
0.00%
0 out of 347 |
|
+3.40%
Nov 2003 - Oct 2023 |
+6.28% |
+9.82%
Sep 1981 - Aug 2001 |
0.00%
0 out of 335 |
|
+0.80%
Nov 2003 - Oct 2023 |
+3.43% |
+6.30%
Oct 1981 - Sep 2001 |
0.00%
0 out of 335 |
|
+3.81%
Nov 1998 - Oct 2023 |
+6.35% |
+8.82%
Oct 1981 - Sep 2006 |
0.00%
0 out of 275 |
|
+1.23%
Nov 1998 - Oct 2023 |
+3.51% |
+5.50%
Jan 1982 - Dec 2006 |
0.00%
0 out of 275 |
|
+4.24%
Nov 1993 - Oct 2023 |
+6.24% |
+8.45%
Feb 1982 - Jan 2012 |
0.00%
0 out of 215 |
|
+1.67%
Nov 1993 - Oct 2023 |
+3.58% |
+5.31%
Feb 1982 - Jan 2012 |
0.00%
0 out of 215 |
VanEck Vectors AMT-Free Long Municipal Index (MLN) ETF: Historical Returns

