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.
Key characteristics
| BNY | FIVA | |
|---|---|---|
| YTD Return | 5.16% | 9.15% |
| 1Y Return | 17.56% | 20.52% |
| 3Y Return (Ann) | -7.34% | 5.36% |
| 5Y Return (Ann) | -0.94% | 6.69% |
| Sharpe Ratio | 2.30 | 1.54 |
| Sortino Ratio | 3.68 | 2.13 |
| Omega Ratio | 1.44 | 1.27 |
| Calmar Ratio | 0.57 | 2.59 |
| Martin Ratio | 13.77 | 8.86 |
| Ulcer Index | 1.45% | 2.23% |
| Daily Std Dev | 8.69% | 12.85% |
| Max Drawdown | -49.56% | -39.76% |
| Current Drawdown | -22.51% | -3.51% |
Correlation
The correlation between BNY and FIVA is 0.16, 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.
Performance
BNY vs. FIVA - Performance Comparison
In the year-to-date period, BNY achieves a 5.16% return, which is significantly lower than FIVA's 9.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
BNY vs. FIVA - Dividend Comparison
BNY's dividend yield for the trailing twelve months is around 4.82%, more than FIVA's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY BlackRock New York Municipal Income Trust | 4.82% | 3.78% | 5.53% | 5.06% | 4.16% | 3.87% | 4.71% | 4.99% | 5.39% | 5.31% | 5.77% | 6.75% |
FIVA Fidelity International Value Factor ETF | 3.47% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BNY vs. FIVA - Drawdown Comparison
The maximum BNY drawdown since its inception was -49.56%, 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. For additional features, visit the drawdowns tool.
Volatility
BNY vs. FIVA - Volatility Comparison
The current volatility for BlackRock New York Municipal Income Trust (BNY) is 3.19%, while Fidelity International Value Factor ETF (FIVA) has a volatility of 3.80%. 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.