BVATX vs. DNYMX
BVATX (Sterling Capital Virginia Intermediate Tax Free Fund) and DNYMX (DFA NY Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, BVATX returned 1.36%/yr vs 1.30%/yr for DNYMX. At a 0.47 correlation, their price movements are largely independent. BVATX charges 0.58%/yr vs 0.25%/yr for DNYMX.
Performance
BVATX vs. DNYMX - Performance Comparison
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Returns By Period
In the year-to-date period, BVATX achieves a 0.70% return, which is significantly lower than DNYMX's 1.18% return. Both investments have delivered pretty close results over the past 10 years, with BVATX having a 1.36% annualized return and DNYMX not far behind at 1.30%.
BVATX
- 1D
- -0.09%
- 1M
- 1.13%
- YTD
- 0.70%
- 6M
- 1.01%
- 1Y
- 4.27%
- 3Y*
- 2.81%
- 5Y*
- 0.68%
- 10Y*
- 1.36%
DNYMX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.18%
- 6M
- 1.28%
- 1Y
- 2.89%
- 3Y*
- 2.82%
- 5Y*
- 1.63%
- 10Y*
- 1.30%
BVATX vs. DNYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BVATX Sterling Capital Virginia Intermediate Tax Free Fund | 0.70% | 4.70% | 0.32% | 3.60% | -5.59% | -0.59% | 4.28% | 6.32% | 0.79% | 3.28% |
DNYMX DFA NY Municipal Bond Portfolio | 1.18% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
Correlation
The correlation between BVATX and DNYMX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.47 |
Over the past year, the correlation between BVATX and DNYMX has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
BVATX vs. DNYMX — Risk / Return Rank
BVATX
DNYMX
BVATX vs. DNYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) and DFA NY Municipal Bond Portfolio (DNYMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BVATX | DNYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -6.77 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 4.07 | -2.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 12.12 | -10.42 |
| Martin ratioReturn relative to average drawdown | 5.27 | 54.48 | -49.21 |
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Drawdowns
BVATX vs. DNYMX - Drawdown Comparison
The maximum BVATX drawdown since its inception was -10.24%, which is greater than DNYMX's maximum drawdown of -3.19%. Use the drawdown chart below to compare losses from any high point for BVATX and DNYMX.
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Drawdown Indicators
| BVATX | DNYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -3.19% | -7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -0.24% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -0.98% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -2.53% | -7.44% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -3.19% | -7.05% |
Current DrawdownCurrent decline from peak | -0.95% | 0.00% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -0.41% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.05% | +0.78% |
Volatility
BVATX vs. DNYMX - Volatility Comparison
Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) has a higher volatility of 0.57% compared to DFA NY Municipal Bond Portfolio (DNYMX) at 0.18%. This indicates that BVATX's price experiences larger fluctuations and is considered to be riskier than DNYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BVATX | DNYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.18% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 0.48% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 0.65% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 0.88% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 1.05% | +2.14% |
BVATX vs. DNYMX - Expense Ratio Comparison
BVATX has a 0.58% expense ratio, which is higher than DNYMX's 0.25% expense ratio.
Dividends
BVATX vs. DNYMX - Dividend Comparison
BVATX's dividend yield for the trailing twelve months is around 2.54%, less than DNYMX's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVATX Sterling Capital Virginia Intermediate Tax Free Fund | 2.54% | 3.36% | 2.67% | 1.89% | 1.81% | 1.65% | 2.03% | 2.27% | 2.24% | 2.20% | 3.06% | 2.71% |
DNYMX DFA NY Municipal Bond Portfolio | 2.65% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
Frequently Asked Questions
BVATX and DNYMX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BVATX has higher volatility (0.57%) compared to DNYMX (0.18%). In terms of maximum drawdown, BVATX dropped -10.24% vs DNYMX's -3.19%.
DNYMX currently has the higher Sharpe Ratio (4.52 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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