BNY vs. VOO
Compare and contrast key facts about BlackRock New York Municipal Income Trust (BNY) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNY or VOO.
Key characteristics
| BNY | VOO | |
|---|---|---|
| YTD Return | -0.28% | 5.98% |
| 1Y Return | 6.19% | 22.69% |
| 3Y Return (Ann) | -6.58% | 8.02% |
| 5Y Return (Ann) | -0.68% | 13.41% |
| 10Y Return (Ann) | 1.67% | 12.42% |
| Sharpe Ratio | 0.52 | 1.93 |
| Daily Std Dev | 10.48% | 11.69% |
| Max Drawdown | -49.56% | -33.99% |
| Current Drawdown | -26.52% | -4.14% |
Correlation
The correlation between BNY and VOO 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.
Performance
BNY vs. VOO - Performance Comparison
In the year-to-date period, BNY achieves a -0.28% return, which is significantly lower than VOO's 5.98% return. Over the past 10 years, BNY has underperformed VOO with an annualized return of 1.67%, while VOO has yielded a comparatively higher 12.42% annualized 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock New York Municipal Income Trust (BNY) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
BNY's dividend yield for the trailing twelve months is around 4.15%, more than VOO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY BlackRock New York Municipal Income Trust | 4.15% | 3.73% | 5.47% | 5.02% | 4.12% | 3.81% | 4.63% | 4.94% | 5.35% | 5.27% | 5.72% | 6.69% |
VOO Vanguard S&P 500 ETF | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BNY vs. VOO - Drawdown Comparison
The maximum BNY drawdown since its inception was -49.56%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BNY and VOO. For additional features, visit the drawdowns tool.
Volatility
BNY vs. VOO - Volatility Comparison
The current volatility for BlackRock New York Municipal Income Trust (BNY) is 1.97%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that BNY experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.