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BNY vs. SCHD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BNY and SCHD is 0.10, 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.


-0.50.00.51.00.1

Performance

BNY vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock New York Municipal Income Trust (BNY) and Schwab US Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
-1.50%
7.54%
BNY
SCHD

Key characteristics

Sharpe Ratio

BNY:

0.20

SCHD:

1.15

Sortino Ratio

BNY:

0.33

SCHD:

1.70

Omega Ratio

BNY:

1.04

SCHD:

1.20

Calmar Ratio

BNY:

0.06

SCHD:

1.63

Martin Ratio

BNY:

0.83

SCHD:

5.55

Ulcer Index

BNY:

1.91%

SCHD:

2.33%

Daily Std Dev

BNY:

7.99%

SCHD:

11.24%

Max Drawdown

BNY:

-49.55%

SCHD:

-33.37%

Current Drawdown

BNY:

-24.76%

SCHD:

-6.45%

Returns By Period

In the year-to-date period, BNY achieves a 1.98% return, which is significantly lower than SCHD's 11.86% return. Over the past 10 years, BNY has underperformed SCHD with an annualized return of 1.27%, while SCHD has yielded a comparatively higher 10.89% annualized return.


BNY

YTD

1.98%

1M

-2.48%

6M

-1.50%

1Y

1.60%

5Y*

-1.53%

10Y*

1.27%

SCHD

YTD

11.86%

1M

-5.88%

6M

6.68%

1Y

12.28%

5Y*

11.08%

10Y*

10.89%

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Risk-Adjusted Performance

BNY vs. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock New York Municipal Income Trust (BNY) and Schwab US Dividend Equity ETF (SCHD). 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.


Sharpe ratio
The chart of Sharpe ratio for BNY, currently valued at 0.20, compared to the broader market-4.00-2.000.002.000.201.09
The chart of Sortino ratio for BNY, currently valued at 0.33, compared to the broader market-4.00-2.000.002.004.000.331.62
The chart of Omega ratio for BNY, currently valued at 1.04, compared to the broader market0.501.001.502.001.041.19
The chart of Calmar ratio for BNY, currently valued at 0.06, compared to the broader market0.002.004.006.000.061.54
The chart of Martin ratio for BNY, currently valued at 0.83, compared to the broader market0.0010.0020.000.835.18
BNY
SCHD

The current BNY Sharpe Ratio is 0.20, which is lower than the SCHD Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of BNY and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.20
1.09
BNY
SCHD

Dividends

BNY vs. SCHD - Dividend Comparison

BNY's dividend yield for the trailing twelve months is around 5.29%, more than SCHD's 3.63% yield.


TTM20232022202120202019201820172016201520142013
BNY
BlackRock New York Municipal Income Trust
5.29%3.78%5.53%5.06%4.16%3.87%4.71%4.99%5.39%5.31%5.77%6.75%
SCHD
Schwab US Dividend Equity ETF
3.63%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%2.47%

Drawdowns

BNY vs. SCHD - Drawdown Comparison

The maximum BNY drawdown since its inception was -49.55%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BNY and SCHD. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-24.76%
-6.45%
BNY
SCHD

Volatility

BNY vs. SCHD - Volatility Comparison

BlackRock New York Municipal Income Trust (BNY) and Schwab US Dividend Equity ETF (SCHD) have volatilities of 3.52% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
3.52%
3.40%
BNY
SCHD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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