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.
Performance
FMNY vs. NYF - Performance Comparison
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FMNY vs. NYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 0.49% | 3.94% | 1.74% | 6.14% | -10.65% | 1.60% |
NYF iShares New York Muni Bond ETF | 0.08% | 3.64% | 1.13% | 5.76% | -7.75% | 0.80% |
Returns By Period
In the year-to-date period, FMNY achieves a 0.49% return, which is significantly higher than NYF's 0.08% return.
FMNY
- 1D
- 0.55%
- 1M
- -1.72%
- YTD
- 0.49%
- 6M
- 2.06%
- 1Y
- 4.53%
- 3Y*
- 3.36%
- 5Y*
- —
- 10Y*
- —
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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FMNY vs. NYF - Expense Ratio Comparison
FMNY has a 0.65% expense ratio, which is higher than NYF's 0.25% expense ratio.
Return for Risk
FMNY vs. NYF — Risk / Return Rank
FMNY
NYF
FMNY vs. NYF - Risk-Adjusted Trends 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.
| FMNY | NYF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.96 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.21 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.30 | -0.04 |
Martin ratioReturn relative to average drawdown | 3.72 | 3.65 | +0.07 |
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
| FMNY | NYF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.96 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.46 | -0.34 |
Correlation
The correlation between FMNY and NYF is 0.69, 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.
Dividends
FMNY vs. NYF - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.69%, more than NYF's 3.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.69% | 3.64% | 3.56% | 3.25% | 2.34% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
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.
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Drawdown Indicators
| FMNY | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.90% | -13.12% | -2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -3.34% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.12% | — |
Current DrawdownCurrent decline from peak | -2.06% | -1.97% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -2.32% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.19% | +0.13% |
Volatility
FMNY vs. NYF - Volatility Comparison
First Trust New York High Income Municipal ETF (FMNY) has a higher volatility of 1.52% compared to iShares New York Muni Bond ETF (NYF) at 1.41%. This indicates that FMNY's price experiences larger fluctuations and is considered to be riskier 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
| FMNY | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.41% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.90% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 4.02% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 3.98% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 4.48% | -0.45% |