FTFMX vs. NYF

In the year-to-date period, FTFMX achieves a -1.43% return, which is significantly lower than NYF's -0.85% return. Over the past 10 years, FTFMX has underperformed NYF with an annualized return of 1.61%, while NYF has yielded a comparatively higher 1.80% annualized return.

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FTFMX has a 0.46% expense ratio, which is higher than NYF's 0.25% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity New York Municipal Income Fund (FTFMX) 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.

The current FTFMX Sharpe Ratio is 0.07, which is comparable to the NYF Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of FTFMX and NYF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FTFMX's dividend yield for the trailing twelve months is around 2.62%, less than NYF's 2.90% yield.

The maximum FTFMX drawdown since its inception was -19.44%, which is greater than NYF's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for FTFMX and NYF. For additional features, visit the drawdowns tool.