VanEck Vectors AMT-Free Intermediate Municipal Index (ITM): Rolling Returns

Data Source: from January 1978 to March 2024 (~46 years)
Consolidated Returns as of 31 March 2024

Holding the VanEck Vectors AMT-Free Intermediate Municipal Index (ITM) ETF, how long should you stay invested to have high probability to obtain a positive return?

Considering all the available data source (~46 years), the longest period with a negative return lasted 74 months (from September 2016 to October 2022).

This means that every rolling period of 75 months or above has always granted a positive return.

To obtain comprehensive information, please consult the VanEck Vectors AMT-Free Intermediate Municipal Index (ITM) ETF: Historical Returns page.

Previous vs subsequent Returns

Considering all 10-year rolling periods, is there a relationship between past and future returns, at a given date?

In the following chart, we show how past returns (x-axis) and subsequent returns (y-axis) are related.

Neighboring data is aggregated and occurrences are indicated. It is possible to zoom by clicking or drawing the desired area

VANECK VECTORS AMT-FREE INTERMEDIATE MUNICIPAL INDEX (ITM) ETF
Previous vs Next Returns - 10 Years annualized
Updated to March 2024

The annualized return of the last 10 years has been 2.46% (updated at Mar 31, 2024).

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.

VANECK VECTORS AMT-FREE INTERMEDIATE MUNICIPAL INDEX (ITM) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 April 1994 - 31 March 2024 (30 Years)
Data Source: 1 January 1978 - 31 March 2024 (~46 years)
Inflation Adjusted:

Annualized Rolling Returns - 1 Year (12 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.26% +31.07%
Jan 1982 - Dec 1982 		-15.66%
Apr 1979 - Mar 1980 		15.99%
87 out of 544
US Inflation Adjusted +2.70% +26.24%
Jan 1982 - Dec 1982 		-26.40%
Apr 1979 - Mar 1980 		32.35%
176 out of 544
1 Year Annualized Rolling Returns
Timeframes ending in every month
1 Year Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 2 Years (24 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.47% +19.81%
Oct 1981 - Sep 1983 		-13.12%
Sep 1979 - Aug 1981 		11.84%
63 out of 532
US Inflation Adjusted +2.92% +15.37%
Oct 1981 - Sep 1983 		-22.33%
Sep 1979 - Aug 1981 		22.18%
118 out of 532
2 Years Annualized Rolling Returns
Timeframes ending in every month
2 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 3 Years (36 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.33% +16.24%
Feb 1982 - Jan 1985 		-8.45%
Oct 1978 - Sep 1981 		8.46%
44 out of 520
US Inflation Adjusted +2.81% +11.94%
Feb 1982 - Jan 1985 		-18.16%
Oct 1978 - Sep 1981 		16.73%
87 out of 520
3 Years Annualized Rolling Returns
Timeframes ending in every month
3 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 4 Years (48 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.27% +16.41%
Feb 1982 - Jan 1986 		-6.05%
Jan 1978 - Dec 1981 		3.54%
18 out of 508
US Inflation Adjusted +2.74% +12.07%
Feb 1982 - Jan 1986 		-15.25%
Jan 1978 - Dec 1981 		13.39%
68 out of 508
4 Years Annualized Rolling Returns
Timeframes ending in every month
4 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 5 Years (60 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.37% +16.05%
Feb 1982 - Jan 1987 		+0.04%
Nov 2017 - Oct 2022 		0.00%
0 out of 496
US Inflation Adjusted +3.02% +12.27%
Feb 1982 - Jan 1987 		-8.22%
Jan 1978 - Dec 1982 		11.90%
59 out of 496
5 Years Annualized Rolling Returns
Timeframes ending in every month
5 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 6 Years (72 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.23% +13.67%
Feb 1982 - Jan 1988 		+0.10%
Oct 2016 - Sep 2022 		0.00%
0 out of 484
US Inflation Adjusted +2.95% +9.83%
Feb 1982 - Jan 1988 		-6.50%
Jan 1978 - Dec 1983 		10.74%
52 out of 484
6 Years Annualized Rolling Returns
Timeframes ending in every month
6 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 7 Years (84 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.23% +12.90%
Oct 1981 - Sep 1988 		+0.57%
Nov 2016 - Oct 2023 		0.00%
0 out of 472
US Inflation Adjusted +2.91% +8.95%
Oct 1981 - Sep 1988 		-4.90%
Jan 1978 - Dec 1984 		10.17%
48 out of 472
7 Years Annualized Rolling Returns
Timeframes ending in every month
7 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 8 Years (96 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.24% +12.49%
Jan 1982 - Dec 1989 		+1.10%
Nov 2015 - Oct 2023 		0.00%
0 out of 460
US Inflation Adjusted +2.84% +8.42%
Jan 1982 - Dec 1989 		-2.83%
Jan 1978 - Dec 1985 		8.04%
37 out of 460
8 Years Annualized Rolling Returns
Timeframes ending in every month
8 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 9 Years (108 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.12% +11.89%
Jan 1982 - Dec 1990 		+1.29%
Nov 2014 - Oct 2023 		0.00%
0 out of 448
US Inflation Adjusted +2.75% +7.56%
Jan 1982 - Dec 1990 		-1.58%
Nov 2014 - Oct 2023 		7.81%
35 out of 448
9 Years Annualized Rolling Returns
Timeframes ending in every month
9 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 10 Years (120 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.07% +11.91%
Jan 1982 - Dec 1991 		+1.37%
Nov 2012 - Oct 2022 		0.00%
0 out of 436
US Inflation Adjusted +2.69% +7.69%
Jan 1982 - Dec 1991 		-1.16%
Jan 1978 - Dec 1987 		7.57%
33 out of 436
10 Years Annualized Rolling Returns
Timeframes ending in every month
10 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 11 Years (132 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.12% +11.63%
Jan 1982 - Dec 1992 		+1.46%
Nov 2012 - Oct 2023 		0.00%
0 out of 424
US Inflation Adjusted +2.63% +7.51%
Jan 1982 - Dec 1992 		-1.12%
Nov 2012 - Oct 2023 		5.66%
24 out of 424
11 Years Annualized Rolling Returns
Timeframes ending in every month
11 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 12 Years (144 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.20% +11.71%
Oct 1981 - Sep 1993 		+2.14%
Nov 2011 - Oct 2023 		0.00%
0 out of 412
US Inflation Adjusted +2.62% +7.66%
Oct 1981 - Sep 1993 		-0.43%
Nov 2011 - Oct 2023 		3.88%
16 out of 412
12 Years Annualized Rolling Returns
Timeframes ending in every month
12 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 13 Years (156 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.16% +10.83%
Sep 1981 - Aug 1994 		+2.27%
Nov 2010 - Oct 2023 		0.00%
0 out of 400
US Inflation Adjusted +2.55% +6.81%
Sep 1981 - Aug 1994 		-0.37%
Nov 2010 - Oct 2023 		1.00%
4 out of 400
13 Years Annualized Rolling Returns
Timeframes ending in every month
13 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 14 Years (168 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.01% +10.72%
Jan 1982 - Dec 1995 		+2.56%
Oct 2009 - Sep 2023 		0.00%
0 out of 388
US Inflation Adjusted +2.47% +6.90%
Jan 1982 - Dec 1995 		+0.00%
Oct 2009 - Sep 2023 		0.00%
0 out of 388
14 Years Annualized Rolling Returns
Timeframes ending in every month
14 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 15 Years (180 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.17% +10.28%
Jan 1982 - Dec 1996 		+2.94%
Nov 2007 - Oct 2022 		0.00%
0 out of 376
US Inflation Adjusted +2.54% +6.48%
Jan 1982 - Dec 1996 		+0.55%
Nov 2007 - Oct 2022 		0.00%
0 out of 376
15 Years Annualized Rolling Returns
Timeframes ending in every month
15 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 16 Years (192 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.22% +10.09%
Oct 1981 - Sep 1997 		+2.91%
Nov 2007 - Oct 2023 		0.00%
0 out of 364
US Inflation Adjusted +2.58% +6.41%
Jan 1982 - Dec 1997 		+0.46%
Nov 2006 - Oct 2022 		0.00%
0 out of 364
16 Years Annualized Rolling Returns
Timeframes ending in every month
16 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 17 Years (204 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.28% +9.90%
Oct 1981 - Sep 1998 		+2.90%
Nov 2006 - Oct 2023 		0.00%
0 out of 352
US Inflation Adjusted +2.57% +6.32%
Oct 1981 - Sep 1998 		+0.38%
Nov 2006 - Oct 2023 		0.00%
0 out of 352
17 Years Annualized Rolling Returns
Timeframes ending in every month
17 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 18 Years (216 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.43% +9.35%
Oct 1981 - Sep 1999 		+2.94%
Nov 2004 - Oct 2022 		0.00%
0 out of 340
US Inflation Adjusted +2.68% +5.83%
Oct 1981 - Sep 1999 		+0.43%
Nov 2004 - Oct 2022 		0.00%
0 out of 340
18 Years Annualized Rolling Returns
Timeframes ending in every month
18 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 19 Years (228 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.53% +9.22%
Jan 1982 - Dec 2000 		+2.92%
Nov 2004 - Oct 2023 		0.00%
0 out of 328
US Inflation Adjusted +2.66% +5.72%
Jan 1982 - Dec 2000 		+0.36%
Nov 2004 - Oct 2023 		0.00%
0 out of 328
19 Years Annualized Rolling Returns
Timeframes ending in every month
19 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 20 Years (240 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.61% +9.17%
Sep 1981 - Aug 2001 		+3.01%
Nov 2003 - Oct 2023 		0.00%
0 out of 316
US Inflation Adjusted +2.78% +5.68%
Oct 1981 - Sep 2001 		+0.42%
Nov 2003 - Oct 2023 		0.00%
0 out of 316
20 Years Annualized Rolling Returns
Timeframes ending in every month
20 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

To obtain comprehensive information, please consult the VanEck Vectors AMT-Free Intermediate Municipal Index (ITM) ETF: Historical Returns page.