FMNY vs. VNYUX
Compare and contrast key facts about First Trust New York High Income Municipal ETF (FMNY) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX).
FMNY is an actively managed fund by First Trust. It was launched on May 12, 2021. VNYUX is managed by Vanguard. It was launched on May 14, 2001.
Performance
FMNY vs. VNYUX - Performance Comparison
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FMNY vs. VNYUX - 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% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 0.06% | 4.79% | 2.58% | 8.05% | -10.92% | 1.57% |
Returns By Period
In the year-to-date period, FMNY achieves a 0.49% return, which is significantly higher than VNYUX's 0.06% return.
FMNY
- 1D
- 0.55%
- 1M
- -1.00%
- YTD
- 0.49%
- 6M
- 2.34%
- 1Y
- 4.49%
- 3Y*
- 3.36%
- 5Y*
- —
- 10Y*
- —
VNYUX
- 1D
- 0.37%
- 1M
- -1.28%
- YTD
- 0.06%
- 6M
- 1.66%
- 1Y
- 4.67%
- 3Y*
- 3.98%
- 5Y*
- 1.27%
- 10Y*
- 2.47%
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FMNY vs. VNYUX - Expense Ratio Comparison
FMNY has a 0.65% expense ratio, which is higher than VNYUX's 0.09% expense ratio.
Return for Risk
FMNY vs. VNYUX — Risk / Return Rank
FMNY
VNYUX
FMNY vs. VNYUX - 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 Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX). 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 | VNYUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.84 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.15 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.93 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.72 | 3.00 | +0.72 |
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 | VNYUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.84 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.93 | -0.81 |
Correlation
The correlation between FMNY and VNYUX 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. VNYUX - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.69%, which matches VNYUX's 3.68% 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% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.68% | 4.50% | 4.02% | 2.89% | 2.94% | 2.82% | 3.51% | 3.61% | 3.52% | 3.73% | 3.93% | 3.44% |
Drawdowns
FMNY vs. VNYUX - Drawdown Comparison
The maximum FMNY drawdown since its inception was -15.90%, roughly equal to the maximum VNYUX drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FMNY and VNYUX.
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Drawdown Indicators
| FMNY | VNYUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.90% | -16.59% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -5.55% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.59% | — |
Current DrawdownCurrent decline from peak | -2.06% | -2.26% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -2.09% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.72% | -0.40% |
Volatility
FMNY vs. VNYUX - Volatility Comparison
First Trust New York High Income Municipal ETF (FMNY) has a higher volatility of 1.52% compared to Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) at 1.28%. This indicates that FMNY's price experiences larger fluctuations and is considered to be riskier than VNYUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMNY | VNYUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.28% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.04% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 5.60% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 4.73% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 4.59% | -0.56% |