MIY vs. VFAIX
Compare and contrast key facts about BlackRock MuniYield Michigan Quality Fund (MIY) and Vanguard Financials Index Fund Admiral Shares (VFAIX).
MIY is an actively managed fund by BlackRock. It was launched on Oct 30, 1992. VFAIX is managed by BlackRock. It was launched on Feb 4, 2004.
Performance
MIY vs. VFAIX - Performance Comparison
Loading graphics...
MIY vs. VFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIY BlackRock MuniYield Michigan Quality Fund | 2.55% | 11.24% | 3.48% | 6.60% | -24.10% | 10.04% | 7.27% | 19.51% | -6.71% | 8.86% |
VFAIX Vanguard Financials Index Fund Admiral Shares | -9.18% | 14.90% | 30.46% | 14.07% | -12.26% | 36.27% | -2.15% | 31.63% | -13.47% | 20.05% |
Returns By Period
In the year-to-date period, MIY achieves a 2.55% return, which is significantly higher than VFAIX's -9.18% return. Over the past 10 years, MIY has underperformed VFAIX with an annualized return of 2.91%, while VFAIX has yielded a comparatively higher 12.36% annualized return.
MIY
- 1D
- 1.54%
- 1M
- -5.15%
- YTD
- 2.55%
- 6M
- 8.25%
- 1Y
- 10.47%
- 3Y*
- 7.28%
- 5Y*
- 0.01%
- 10Y*
- 2.91%
VFAIX
- 1D
- 2.18%
- 1M
- -3.59%
- YTD
- -9.18%
- 6M
- -6.35%
- 1Y
- 2.77%
- 3Y*
- 17.93%
- 5Y*
- 9.49%
- 10Y*
- 12.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MIY vs. VFAIX - Expense Ratio Comparison
MIY has a 2.25% expense ratio, which is higher than VFAIX's 0.10% expense ratio.
Return for Risk
MIY vs. VFAIX — Risk / Return Rank
MIY
VFAIX
MIY vs. VFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Michigan Quality Fund (MIY) and Vanguard Financials Index Fund Admiral Shares (VFAIX). 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.
| MIY | VFAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.14 | +0.79 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.32 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.26 | +1.12 |
Martin ratioReturn relative to average drawdown | 3.77 | 0.78 | +2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MIY | VFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.14 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.49 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.55 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.23 | +0.14 |
Correlation
The correlation between MIY and VFAIX is 0.09, 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.
Dividends
MIY vs. VFAIX - Dividend Comparison
MIY's dividend yield for the trailing twelve months is around 5.51%, more than VFAIX's 1.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIY BlackRock MuniYield Michigan Quality Fund | 5.51% | 5.57% | 5.21% | 3.86% | 5.70% | 4.38% | 4.23% | 4.27% | 5.27% | 5.46% | 5.85% | 5.66% |
VFAIX Vanguard Financials Index Fund Admiral Shares | 1.61% | 1.56% | 1.75% | 2.08% | 2.31% | 2.62% | 2.21% | 2.17% | 2.30% | 1.54% | 1.64% | 2.00% |
Drawdowns
MIY vs. VFAIX - Drawdown Comparison
The maximum MIY drawdown since its inception was -42.19%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for MIY and VFAIX.
Loading graphics...
Drawdown Indicators
| MIY | VFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -78.64% | +36.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -14.72% | +6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | -25.71% | -8.88% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -44.37% | +9.78% |
Current DrawdownCurrent decline from peak | -6.70% | -11.94% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -18.69% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 4.92% | -1.94% |
Volatility
MIY vs. VFAIX - Volatility Comparison
BlackRock MuniYield Michigan Quality Fund (MIY) and Vanguard Financials Index Fund Admiral Shares (VFAIX) have volatilities of 4.61% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MIY | VFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 4.84% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 11.74% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 19.94% | -8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 19.42% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.83% | 22.63% | -10.80% |