FTFMX vs. VNYTX
Compare and contrast key facts about Fidelity New York Municipal Income Fund (FTFMX) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX).
FTFMX is managed by Fidelity. It was launched on Jul 10, 1984. VNYTX is managed by Vanguard. It was launched on Apr 7, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTFMX or VNYTX.
Correlation
The correlation between FTFMX and VNYTX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTFMX vs. VNYTX - Performance Comparison
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Key characteristics
FTFMX:
0.07
VNYTX:
0.05
FTFMX:
0.15
VNYTX:
0.11
FTFMX:
1.02
VNYTX:
1.02
FTFMX:
0.07
VNYTX:
0.04
FTFMX:
0.26
VNYTX:
0.15
FTFMX:
1.98%
VNYTX:
2.03%
FTFMX:
5.85%
VNYTX:
6.24%
FTFMX:
-19.44%
VNYTX:
-19.30%
FTFMX:
-4.74%
VNYTX:
-4.07%
Returns By Period
In the year-to-date period, FTFMX achieves a -1.43% return, which is significantly higher than VNYTX's -1.83% return. Over the past 10 years, FTFMX has underperformed VNYTX with an annualized return of 1.61%, while VNYTX has yielded a comparatively higher 2.31% annualized return.
FTFMX
-1.43%
3.08%
-1.69%
0.42%
0.92%
1.61%
VNYTX
-1.83%
3.33%
-1.91%
0.31%
1.14%
2.31%
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FTFMX vs. VNYTX - Expense Ratio Comparison
FTFMX has a 0.46% expense ratio, which is higher than VNYTX's 0.17% expense ratio.
Risk-Adjusted Performance
FTFMX vs. VNYTX — Risk-Adjusted Performance Rank
FTFMX
VNYTX
FTFMX vs. VNYTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New York Municipal Income Fund (FTFMX) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX). 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
FTFMX vs. VNYTX - Dividend Comparison
FTFMX's dividend yield for the trailing twelve months is around 2.62%, less than VNYTX's 3.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTFMX Fidelity New York Municipal Income Fund | 2.62% | 2.79% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.20% | 3.37% | 3.11% | 2.86% | 2.43% | 2.65% | 2.94% | 3.21% | 3.17% | 3.81% | 3.29% | 3.40% |
Drawdowns
FTFMX vs. VNYTX - Drawdown Comparison
The maximum FTFMX drawdown since its inception was -19.44%, roughly equal to the maximum VNYTX drawdown of -19.30%. Use the drawdown chart below to compare losses from any high point for FTFMX and VNYTX. For additional features, visit the drawdowns tool.
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Volatility
FTFMX vs. VNYTX - Volatility Comparison
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