FTFMX vs. VNYUX
Compare and contrast key facts about Fidelity New York Municipal Income Fund (FTFMX) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX).
FTFMX is managed by Fidelity. It was launched on Jul 10, 1984. 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: FTFMX or VNYUX.
Key characteristics
| FTFMX | VNYUX | |
|---|---|---|
| YTD Return | 2.00% | 2.06% |
| 1Y Return | 8.60% | 9.50% |
| 3Y Return (Ann) | -0.73% | -0.55% |
| 5Y Return (Ann) | 0.80% | 1.13% |
| 10Y Return (Ann) | 1.90% | 2.42% |
| Sharpe Ratio | 1.94 | 2.28 |
| Sortino Ratio | 2.84 | 3.41 |
| Omega Ratio | 1.44 | 1.52 |
| Calmar Ratio | 0.77 | 0.87 |
| Martin Ratio | 7.30 | 9.94 |
| Ulcer Index | 1.03% | 0.96% |
| Daily Std Dev | 3.93% | 4.17% |
| Max Drawdown | -19.44% | -17.21% |
| Current Drawdown | -3.10% | -2.40% |
Correlation
The correlation between FTFMX and VNYUX is 0.89, 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. VNYUX - Performance Comparison
The year-to-date returns for both investments are quite close, with FTFMX having a 2.00% return and VNYUX slightly higher at 2.06%. Over the past 10 years, FTFMX has underperformed VNYUX with an annualized return of 1.90%, while VNYUX has yielded a comparatively higher 2.42% 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. VNYUX - Expense Ratio Comparison
FTFMX has a 0.46% expense ratio, which is higher than VNYUX's 0.09% expense ratio.
Risk-Adjusted Performance
FTFMX vs. VNYUX - 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 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
FTFMX vs. VNYUX - Dividend Comparison
FTFMX's dividend yield for the trailing twelve months is around 2.76%, less than VNYUX's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTFMX Fidelity New York Municipal Income Fund | 2.76% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% | 3.58% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.40% | 3.16% | 2.94% | 2.51% | 2.73% | 3.02% | 3.30% | 3.26% | 3.38% | 3.34% | 3.50% | 3.69% |
Drawdowns
FTFMX vs. VNYUX - Drawdown Comparison
The maximum FTFMX drawdown since its inception was -19.44%, which is greater than VNYUX's maximum drawdown of -17.21%. Use the drawdown chart below to compare losses from any high point for FTFMX and VNYUX. For additional features, visit the drawdowns tool.
Volatility
FTFMX vs. VNYUX - Volatility Comparison
The current volatility for Fidelity New York Municipal Income Fund (FTFMX) is 1.98%, while Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) has a volatility of 2.10%. This indicates that FTFMX 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.