NYF vs. VNYTX
Compare and contrast key facts about iShares New York Muni Bond ETF (NYF) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX).
NYF is a passively managed fund by iShares that tracks the performance of the S&P New York AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007. 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: NYF or VNYTX.
Key characteristics
| NYF | VNYTX | |
|---|---|---|
| YTD Return | 1.32% | 1.98% |
| 1Y Return | 5.74% | 8.47% |
| 3Y Return (Ann) | -0.27% | -0.63% |
| 5Y Return (Ann) | 0.98% | 1.03% |
| 10Y Return (Ann) | 2.03% | 2.39% |
| Sharpe Ratio | 1.86 | 2.26 |
| Sortino Ratio | 2.73 | 3.38 |
| Omega Ratio | 1.37 | 1.52 |
| Calmar Ratio | 0.92 | 0.92 |
| Martin Ratio | 7.71 | 9.76 |
| Ulcer Index | 0.86% | 0.96% |
| Daily Std Dev | 3.57% | 4.17% |
| Max Drawdown | -13.12% | -19.30% |
| Current Drawdown | -1.66% | -2.64% |
Correlation
The correlation between NYF and VNYTX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NYF vs. VNYTX - Performance Comparison
In the year-to-date period, NYF achieves a 1.32% return, which is significantly lower than VNYTX's 1.98% return. Over the past 10 years, NYF has underperformed VNYTX with an annualized return of 2.03%, while VNYTX has yielded a comparatively higher 2.39% 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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NYF vs. VNYTX - Expense Ratio Comparison
NYF has a 0.25% expense ratio, which is higher than VNYTX's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
NYF vs. VNYTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) 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.
Dividends
NYF vs. VNYTX - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 2.72%, less than VNYTX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 2.72% | 2.36% | 2.04% | 1.84% | 1.97% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% | 3.05% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.32% | 3.11% | 2.86% | 2.43% | 2.65% | 2.94% | 3.21% | 3.17% | 3.81% | 3.29% | 3.40% | 3.60% |
Drawdowns
NYF vs. VNYTX - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, smaller than the maximum VNYTX drawdown of -19.30%. Use the drawdown chart below to compare losses from any high point for NYF and VNYTX. For additional features, visit the drawdowns tool.
Volatility
NYF vs. VNYTX - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 1.77%, while Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a volatility of 2.08%. This indicates that NYF experiences smaller price fluctuations and is considered to be less risky than VNYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.