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.
Performance
NYF vs. VNYTX - Performance Comparison
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NYF vs. VNYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 0.08% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | -0.32% | 4.72% | 2.49% | 8.00% | -11.00% | 2.01% | 5.52% | 8.61% | 0.51% | 5.79% |
Returns By Period
In the year-to-date period, NYF achieves a 0.08% return, which is significantly higher than VNYTX's -0.32% return. Over the past 10 years, NYF has underperformed VNYTX with an annualized return of 1.81%, while VNYTX has yielded a comparatively higher 2.35% annualized return.
NYF
- 1D
- 0.30%
- 1M
- -1.77%
- YTD
- 0.08%
- 6M
- 1.30%
- 1Y
- 3.82%
- 3Y*
- 2.67%
- 5Y*
- 0.85%
- 10Y*
- 1.81%
VNYTX
- 1D
- 0.28%
- 1M
- -2.27%
- YTD
- -0.32%
- 6M
- 1.17%
- 1Y
- 4.23%
- 3Y*
- 3.78%
- 5Y*
- 1.12%
- 10Y*
- 2.35%
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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%.
Return for Risk
NYF vs. VNYTX — Risk / Return Rank
NYF
VNYTX
NYF vs. VNYTX - Risk-Adjusted Trends 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.
| NYF | VNYTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.85 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.16 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.00 | +0.30 |
Martin ratioReturn relative to average drawdown | 3.65 | 3.22 | +0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NYF | VNYTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.85 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.24 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.51 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.00 | -0.54 |
Correlation
The correlation between NYF and VNYTX is 0.48, 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.
Dividends
NYF vs. VNYTX - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.08%, less than VNYTX's 3.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 3.08% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.65% | 4.44% | 3.93% | 2.85% | 2.86% | 2.75% | 3.43% | 3.52% | 3.44% | 3.64% | 3.82% | 3.36% |
Drawdowns
NYF vs. VNYTX - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, smaller than the maximum VNYTX drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for NYF and VNYTX.
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Drawdown Indicators
| NYF | VNYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -21.73% | +8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -5.55% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.71% | -16.67% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | -16.67% | +3.55% |
Current DrawdownCurrent decline from peak | -1.97% | -2.63% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -2.51% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.72% | -0.53% |
Volatility
NYF vs. VNYTX - Volatility Comparison
iShares New York Muni Bond ETF (NYF) has a higher volatility of 1.41% compared to Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) at 1.32%. This indicates that NYF's price experiences larger fluctuations and is considered to be riskier than VNYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NYF | VNYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.32% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 2.04% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 5.63% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.98% | 4.73% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 4.58% | -0.10% |