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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNY or VNYUX.
Correlation
The correlation between FMNY and VNYUX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMNY vs. VNYUX - Performance Comparison
Key characteristics
FMNY:
0.74
VNYUX:
0.74
FMNY:
1.05
VNYUX:
1.02
FMNY:
1.14
VNYUX:
1.15
FMNY:
0.41
VNYUX:
0.49
FMNY:
2.61
VNYUX:
2.30
FMNY:
1.08%
VNYUX:
1.32%
FMNY:
3.81%
VNYUX:
4.12%
FMNY:
-15.90%
VNYUX:
-17.21%
FMNY:
-3.12%
VNYUX:
-2.09%
Returns By Period
In the year-to-date period, FMNY achieves a 0.86% return, which is significantly higher than VNYUX's 0.38% return.
FMNY
0.86%
0.80%
0.85%
2.80%
N/A
N/A
VNYUX
0.38%
0.75%
0.73%
2.95%
0.58%
2.28%
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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.
Risk-Adjusted Performance
FMNY vs. VNYUX — Risk-Adjusted Performance Rank
FMNY
VNYUX
FMNY vs. VNYUX - 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 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.
Dividends
FMNY vs. VNYUX - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.27%, less than VNYUX's 3.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.27% | 3.57% | 3.25% | 2.35% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.46% | 3.45% | 3.16% | 2.94% | 2.51% | 2.73% | 3.02% | 3.30% | 3.26% | 3.38% | 3.34% | 3.50% |
Drawdowns
FMNY vs. VNYUX - Drawdown Comparison
The maximum FMNY drawdown since its inception was -15.90%, smaller than the maximum VNYUX drawdown of -17.21%. Use the drawdown chart below to compare losses from any high point for FMNY and VNYUX. For additional features, visit the drawdowns tool.
Volatility
FMNY vs. VNYUX - Volatility Comparison
The current volatility for First Trust New York High Income Municipal ETF (FMNY) is 0.92%, while Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) has a volatility of 1.26%. This indicates that FMNY experiences smaller price fluctuations and is considered to be less risky than VNYUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.