- Issuer
- Vanguard
- Inception Date
- May 20, 2025
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P New York AMT-Free Municipal USD10 Million Par Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MUNY Performance Chart
Vanguard New York Tax-Exempt Bond ETF (MUNY) is up 1.8% since the beginning of the year. MUNY is currently trading at $104 per share.
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Returns By Period
Vanguard New York Tax-Exempt Bond ETF (MUNY) has returned 1.81% so far this year and 6.68% over the past 12 months.
Vanguard New York Tax-Exempt Bond ETF
- 1D
- 0.08%
- 1M
- 1.52%
- YTD
- 1.81%
- 6M
- 2.07%
- 1Y
- 6.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MUNY Monthly Returns History
Based on dividend-adjusted daily data since May 22, 2025, MUNY's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 86% of months were positive and 14% were negative. The best month was Sep 2025 with a return of +2.6%, while the worst month was Mar 2026 at -2.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MUNY closed higher 60% of trading days. The best single day was Jun 4, 2025 with a return of +1.9%, while the worst single day was Jun 5, 2025 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 1.39% | -2.21% | 1.19% | 0.26% | 0.60% | 1.81% | ||||||
| 2025 | 0.51% | 0.97% | -0.76% | 0.82% | 2.60% | 1.13% | 0.06% | 0.17% | 5.60% |
Benchmark Metrics
Vanguard New York Tax-Exempt Bond ETF has an annualized alpha of 5.40%, beta of 0.07, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 22, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.50%) than losses (1.02%) - typical of diversified or defensive assets.
- Beta of 0.07 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.40%
- Beta
- 0.07
- R²
- 0.04
- Upside Capture
- 19.50%
- Downside Capture
- 1.02%
Expense Ratio
MUNY has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
MUNY ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard New York Tax-Exempt Bond ETF (MUNY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUNY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.78 | -0.30 |
| Martin ratioReturn relative to average drawdown | 8.34 | 12.44 | -4.10 |
Dividends
Dividend History
Vanguard New York Tax-Exempt Bond ETF provided a 3.10% dividend yield over the last twelve months, with an annual payout of $3.22 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $3.22 | $1.86 |
Dividend yield | 3.10% | 1.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard New York Tax-Exempt Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.25 | $0.28 | $0.27 | $0.28 | $0.27 | $1.36 | ||||||
| 2025 | $0.26 | $0.21 | $0.27 | $0.27 | $0.29 | $0.55 | $1.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard New York Tax-Exempt Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard New York Tax-Exempt Bond ETF was 2.70%, occurring on Mar 24, 2026. The portfolio has not yet recovered.
The current Vanguard New York Tax-Exempt Bond ETF drawdown is 0.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.70%Mar 2026 | 22d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -1.98%Jun 2025 | 1d | 3mo 1d | 3mo 2dJun 2025 - Sep 2025 |
2025 selloff2025 | -0.49%Jun 2025 | 6d | 1d | 7dMay 2025 - Jun 2025 |
2025 pullback2025 | -0.35%Dec 2025 | 20d | 21d | 1mo 11dNov 2025 - Dec 2025 |
2026 pullback2026 | -0.35%Jan 2026 | 4d | 10d | 14dJan 2026 - Jan 2026 |
Drawdown Indicators
| MUNY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.70% | -56.78% | +54.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -9.10% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.80% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -10.71% | +10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.03% | -1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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