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 -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FMNY vs. NYF - Performance Comparison
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Key characteristics
FMNY:
1.97%
NYF:
3.71%
FMNY:
-0.10%
NYF:
-0.25%
FMNY:
0.00%
NYF:
-0.06%
Returns By Period
FMNY
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NYF
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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.
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.
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Dividends
FMNY vs. NYF - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.70%, more than NYF's 2.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NYF iShares New York Muni Bond ETF | 2.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMNY vs. NYF - Drawdown Comparison
The maximum FMNY drawdown since its inception was -0.10%, smaller than the maximum NYF drawdown of -0.25%. Use the drawdown chart below to compare losses from any high point for FMNY and NYF. For additional features, visit the drawdowns tool.
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Volatility
FMNY vs. NYF - Volatility Comparison
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