FTFMX vs. USNYX
Compare and contrast key facts about Fidelity New York Municipal Income Fund (FTFMX) and USAA New York Bond Fund (USNYX).
FTFMX is managed by Fidelity. It was launched on Jul 10, 1984. USNYX is managed by Victory Capital. It was launched on Oct 9, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTFMX or USNYX.
Key characteristics
| FTFMX | USNYX | |
|---|---|---|
| YTD Return | 1.18% | 1.15% |
| 1Y Return | 7.82% | 9.52% |
| 3Y Return (Ann) | -0.95% | -0.81% |
| 5Y Return (Ann) | 0.71% | 0.98% |
| 10Y Return (Ann) | 1.81% | 2.08% |
| Sharpe Ratio | 1.99 | 2.13 |
| Sortino Ratio | 2.92 | 3.30 |
| Omega Ratio | 1.45 | 1.50 |
| Calmar Ratio | 0.76 | 0.85 |
| Martin Ratio | 7.62 | 10.13 |
| Ulcer Index | 1.01% | 1.03% |
| Daily Std Dev | 3.88% | 4.87% |
| Max Drawdown | -19.44% | -18.01% |
| Current Drawdown | -3.89% | -3.65% |
Correlation
The correlation between FTFMX and USNYX is 0.87, 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
FTFMX vs. USNYX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FTFMX having a 1.18% return and USNYX slightly lower at 1.15%. Over the past 10 years, FTFMX has underperformed USNYX with an annualized return of 1.81%, while USNYX has yielded a comparatively higher 2.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTFMX vs. USNYX - Expense Ratio Comparison
FTFMX has a 0.46% expense ratio, which is lower than USNYX's 0.67% expense ratio.
Risk-Adjusted Performance
FTFMX vs. USNYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New York Municipal Income Fund (FTFMX) and USAA New York Bond Fund (USNYX). 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
FTFMX vs. USNYX - Dividend Comparison
FTFMX's dividend yield for the trailing twelve months is around 2.78%, less than USNYX's 3.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTFMX Fidelity New York Municipal Income Fund | 2.78% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% | 3.58% |
USNYX USAA New York Bond Fund | 3.48% | 3.42% | 3.21% | 2.69% | 2.92% | 3.17% | 3.44% | 3.41% | 3.54% | 3.54% | 3.62% | 3.84% |
Drawdowns
FTFMX vs. USNYX - Drawdown Comparison
The maximum FTFMX drawdown since its inception was -19.44%, which is greater than USNYX's maximum drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for FTFMX and USNYX. For additional features, visit the drawdowns tool.
Volatility
FTFMX vs. USNYX - Volatility Comparison
The current volatility for Fidelity New York Municipal Income Fund (FTFMX) is 1.78%, while USAA New York Bond Fund (USNYX) has a volatility of 2.33%. This indicates that FTFMX experiences smaller price fluctuations and is considered to be less risky than USNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.