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 | 5.95% | 27.26% |
| 1Y Return | 19.84% | 37.86% |
| 3Y Return (Ann) | -6.75% | 10.35% |
| 5Y Return (Ann) | -0.78% | 16.03% |
| 10Y Return (Ann) | 1.71% | 13.45% |
| Sharpe Ratio | 2.33 | 3.25 |
| Sortino Ratio | 3.71 | 4.31 |
| Omega Ratio | 1.45 | 1.61 |
| Calmar Ratio | 0.57 | 4.74 |
| Martin Ratio | 13.47 | 21.63 |
| Ulcer Index | 1.46% | 1.85% |
| Daily Std Dev | 8.47% | 12.25% |
| Max Drawdown | -49.56% | -33.99% |
| Current Drawdown | -21.93% | 0.00% |
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 5.95% return, which is significantly lower than VOO's 27.26% return. Over the past 10 years, BNY has underperformed VOO with an annualized return of 1.71%, while VOO has yielded a comparatively higher 13.45% 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 4.78%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY BlackRock New York Municipal Income Trust | 4.78% | 3.78% | 5.53% | 5.06% | 4.16% | 3.87% | 4.71% | 4.99% | 5.39% | 5.31% | 5.77% | 6.75% |
VOO Vanguard S&P 500 ETF | 1.23% | 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 3.36%, 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.