FMNY vs. NYF
Compare and contrast key facts about First Trust New York High Income Municipal ETF (FMNY) and iShares New York Muni Bond ETF (NYF).
FMNY and NYF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMNY is an actively managed fund by First Trust. It was launched on May 12, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNY or NYF.
Correlation
The correlation between FMNY and NYF is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FMNY vs. NYF - Performance Comparison
Key characteristics
FMNY:
0.68
NYF:
0.66
FMNY:
0.95
NYF:
0.92
FMNY:
1.12
NYF:
1.12
FMNY:
0.37
NYF:
0.52
FMNY:
2.37
NYF:
2.26
FMNY:
1.09%
NYF:
1.03%
FMNY:
3.82%
NYF:
3.54%
FMNY:
-15.90%
NYF:
-13.12%
FMNY:
-3.35%
NYF:
-0.93%
Returns By Period
In the year-to-date period, FMNY achieves a 0.62% return, which is significantly lower than NYF's 0.93% return.
FMNY
0.62%
0.51%
0.20%
2.60%
N/A
N/A
NYF
0.93%
0.72%
0.47%
2.24%
0.61%
1.91%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMNY vs. NYF - Expense Ratio Comparison
FMNY has a 0.65% expense ratio, which is higher than NYF's 0.25% expense ratio.
Risk-Adjusted Performance
FMNY vs. NYF — Risk-Adjusted Performance Rank
FMNY
NYF
FMNY vs. NYF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust New York High Income Municipal ETF (FMNY) 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.
Dividends
FMNY vs. NYF - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.28%, more than NYF's 2.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.28% | 3.57% | 3.25% | 2.35% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NYF iShares New York Muni Bond ETF | 2.77% | 2.77% | 2.36% | 2.04% | 1.84% | 1.97% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% |
Drawdowns
FMNY vs. NYF - Drawdown Comparison
The maximum FMNY drawdown since its inception was -15.90%, which is greater than NYF's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for FMNY and NYF. For additional features, visit the drawdowns tool.
Volatility
FMNY vs. NYF - Volatility Comparison
The current volatility for First Trust New York High Income Municipal ETF (FMNY) is 0.96%, while iShares New York Muni Bond ETF (NYF) has a volatility of 1.13%. This indicates that FMNY 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.