Correlation
The correlation between BNY and FIVA is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BNY vs. FIVA
Compare and contrast key facts about BlackRock New York Municipal Income Trust (BNY) and Fidelity International Value Factor ETF (FIVA).
FIVA is a passively managed fund by Fidelity that tracks the performance of the Fidelity® International Value Factor Index. It was launched on Jan 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNY or FIVA.
Performance
BNY vs. FIVA - Performance Comparison
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Key characteristics
BNY:
-0.31
FIVA:
0.85
BNY:
-0.56
FIVA:
1.20
BNY:
0.93
FIVA:
1.16
BNY:
-0.15
FIVA:
0.93
BNY:
-0.96
FIVA:
2.99
BNY:
4.39%
FIVA:
4.61%
BNY:
9.15%
FIVA:
17.38%
BNY:
-49.55%
FIVA:
-39.76%
BNY:
-26.91%
FIVA:
-0.58%
Returns By Period
In the year-to-date period, BNY achieves a -2.67% return, which is significantly lower than FIVA's 20.61% return.
BNY
-2.67%
-2.31%
-7.46%
-2.93%
-2.05%
-1.71%
1.03%
FIVA
20.61%
5.51%
16.54%
13.66%
12.33%
13.85%
N/A
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Risk-Adjusted Performance
BNY vs. FIVA — Risk-Adjusted Performance Rank
BNY
FIVA
BNY vs. FIVA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock New York Municipal Income Trust (BNY) and Fidelity International Value Factor ETF (FIVA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BNY vs. FIVA - Dividend Comparison
BNY's dividend yield for the trailing twelve months is around 6.00%, more than FIVA's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY BlackRock New York Municipal Income Trust | 6.00% | 5.30% | 3.78% | 5.53% | 5.06% | 4.16% | 3.87% | 4.71% | 4.99% | 5.39% | 5.31% | 5.77% |
FIVA Fidelity International Value Factor ETF | 3.02% | 3.52% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BNY vs. FIVA - Drawdown Comparison
The maximum BNY drawdown since its inception was -49.55%, which is greater than FIVA's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for BNY and FIVA.
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Volatility
BNY vs. FIVA - Volatility Comparison
The current volatility for BlackRock New York Municipal Income Trust (BNY) is 2.75%, while Fidelity International Value Factor ETF (FIVA) has a volatility of 3.24%. This indicates that BNY experiences smaller price fluctuations and is considered to be less risky than FIVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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