FTNY vs. NYVTX

Last updated Aug 6, 2026

FTNY (Franklin New York Municipal Income ETF) and NYVTX (Davis New York Venture Fund) are both funds - FTNY is a Municipal Bonds fund actively managed by Franklin Templeton, while NYVTX is a Large Cap Blend Equities fund managed by Davis. Their 0.29 correlation means their historical movements had little consistent relationship. FTNY charges 0.36%/yr vs 0.89%/yr for NYVTX.

Performance

FTNY vs. NYVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin New York Municipal Income ETF (FTNY) and Davis New York Venture Fund (NYVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTNY achieves a 1.56% return, which is significantly lower than NYVTX's 15.92% return.

FTNY

• 1D: 0.13%
• 1M: -1.87%
• 6M: 0.73%
• YTD: 1.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NYVTX

• 1D: 0.74%
• 1M: 3.21%
• 6M: 10.75%
• YTD: 15.92%
• 1Y: 33.85%
• 3Y*: 22.14%
• 5Y*: 12.45%
• 10Y*: 13.25%
• ALL TIME*: 9.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTNY Franklin New York Municipal Income ETF	$1.07M	$1.35M	$1.42M
NYVTX Davis New York Venture Fund	$0.00	$0.00	$0.00

FTNY vs. NYVTX - Yearly Performance Comparison

	2026 (YTD)	2025
FTNY Franklin New York Municipal Income ETF	1.56%	-0.24%
NYVTX Davis New York Venture Fund	15.92%	6.18%

Correlation

The correlation between FTNY and NYVTX is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.29

Return for Risk

FTNY vs. NYVTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTNY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NYVTX

NYVTX Risk / Return Rank: 94
NYVTX Sharpe Ratio Rank: 96
NYVTX Sortino Ratio Rank: 93
NYVTX Omega Ratio Rank: 91
NYVTX Calmar Ratio Rank: 93
NYVTX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTNY vs. NYVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin New York Municipal Income ETF (FTNY) and Davis New York Venture Fund (NYVTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTNY	NYVTX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.77	—
Sortino ratio: Return per unit of downside risk	—	3.73	—
Omega ratio: Gain probability vs. loss probability	—	1.48	—
Calmar ratio: Return relative to maximum drawdown	—	4.27	—
Martin ratio: Return relative to average drawdown	—	16.87	—

Drawdowns

FTNY vs. NYVTX - Drawdown Comparison

The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum NYVTX drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for FTNY and NYVTX.

Drawdown Indicators

	FTNY	NYVTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-58.56%	+55.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.98%	—
Current Drawdown Current decline from peak	-1.87%	0.00%	-1.87%
Average Drawdown Average peak-to-trough decline	-0.72%	-10.14%	+9.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FTNY	NYVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	12.39%	-8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.11%	19.64%	-15.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.11%	19.94%	-15.83%

FTNY vs. NYVTX - Expense Ratio Comparison

FTNY has a 0.36% expense ratio, which is lower than NYVTX's 0.89% expense ratio.

Dividends

FTNY vs. NYVTX - Dividend Comparison

FTNY's dividend yield for the trailing twelve months is around 3.00%, less than NYVTX's 9.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTNY Franklin New York Municipal Income ETF	3.00%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NYVTX Davis New York Venture Fund	9.38%	11.46%	21.31%	7.92%	7.48%	21.93%	5.88%	7.54%	24.08%	8.32%	12.85%	22.97%

Frequently Asked Questions

Can I hold both FTNY and NYVTX in my portfolio?

FTNY and NYVTX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.