DNYMX vs. NYF
Compare and contrast key facts about DFA NY Municipal Bond Portfolio (DNYMX) and iShares New York Muni Bond ETF (NYF).
DNYMX is managed by Dimensional. It was launched on Jun 15, 2015. NYF is a passively managed fund by iShares that tracks the performance of the S&P New York AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007.
Performance
DNYMX vs. NYF - Performance Comparison
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DNYMX vs. NYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 0.57% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
NYF iShares New York Muni Bond ETF | 0.08% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
Returns By Period
In the year-to-date period, DNYMX achieves a 0.57% return, which is significantly higher than NYF's 0.08% return. Over the past 10 years, DNYMX has underperformed NYF with an annualized return of 1.34%, while NYF has yielded a comparatively higher 1.81% annualized return.
DNYMX
- 1D
- 0.10%
- 1M
- -0.04%
- YTD
- 0.57%
- 6M
- 1.24%
- 1Y
- 2.87%
- 3Y*
- 2.67%
- 5Y*
- 1.51%
- 10Y*
- 1.34%
NYF
- 1D
- 0.30%
- 1M
- -1.77%
- YTD
- 0.08%
- 6M
- 1.30%
- 1Y
- 3.82%
- 3Y*
- 2.67%
- 5Y*
- 0.85%
- 10Y*
- 1.81%
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DNYMX vs. NYF - Expense Ratio Comparison
Both DNYMX and NYF have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
DNYMX vs. NYF — Risk / Return Rank
DNYMX
NYF
DNYMX vs. NYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA NY Municipal Bond Portfolio (DNYMX) and iShares New York Muni Bond ETF (NYF). 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.
| DNYMX | NYF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 0.96 | +2.18 |
Sortino ratioReturn per unit of downside risk | 4.88 | 1.21 | +3.67 |
Omega ratioGain probability vs. loss probability | 2.61 | 1.22 | +1.40 |
Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.30 | +1.94 |
Martin ratioReturn relative to average drawdown | 20.17 | 3.65 | +16.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DNYMX | NYF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 0.96 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.73 | 0.21 | +1.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 0.41 | +0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.46 | +0.85 |
Correlation
The correlation between DNYMX and NYF is 0.36, 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.
Dividends
DNYMX vs. NYF - Dividend Comparison
DNYMX's dividend yield for the trailing twelve months is around 2.74%, less than NYF's 3.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 2.74% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
NYF iShares New York Muni Bond ETF | 3.08% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Drawdowns
DNYMX vs. NYF - Drawdown Comparison
The maximum DNYMX drawdown since its inception was -3.19%, smaller than the maximum NYF drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for DNYMX and NYF.
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Drawdown Indicators
| DNYMX | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.19% | -13.12% | +9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -3.34% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -12.71% | +10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -3.19% | -13.12% | +9.93% |
Current DrawdownCurrent decline from peak | -0.14% | -1.97% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -2.32% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 1.19% | -1.05% |
Volatility
DNYMX vs. NYF - Volatility Comparison
The current volatility for DFA NY Municipal Bond Portfolio (DNYMX) is 0.21%, while iShares New York Muni Bond ETF (NYF) has a volatility of 1.41%. This indicates that DNYMX experiences smaller price fluctuations and is considered to be less risky than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNYMX | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.41% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.44% | 1.90% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.96% | 4.02% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.87% | 3.98% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 4.48% | -3.42% |