NYF vs. VWIUX
NYF (iShares New York Muni Bond ETF) and VWIUX (Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares) are both Municipal Bonds funds. Over the past 10 years, NYF returned 1.83%/yr vs 2.47%/yr for VWIUX. At a 0.47 correlation, their price movements are largely independent. NYF charges 0.25%/yr vs 0.09%/yr for VWIUX.
Performance
NYF vs. VWIUX - Performance Comparison
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Returns By Period
In the year-to-date period, NYF achieves a 1.63% return, which is significantly higher than VWIUX's 1.26% return. Over the past 10 years, NYF has underperformed VWIUX with an annualized return of 1.83%, while VWIUX has yielded a comparatively higher 2.47% annualized return.
NYF
- 1D
- 0.11%
- 1M
- 0.67%
- YTD
- 1.63%
- 6M
- 1.96%
- 1Y
- 6.74%
- 3Y*
- 3.29%
- 5Y*
- 0.85%
- 10Y*
- 1.83%
VWIUX
- 1D
- -0.07%
- 1M
- 0.50%
- YTD
- 1.26%
- 6M
- 1.76%
- 1Y
- 6.74%
- 3Y*
- 4.53%
- 5Y*
- 1.69%
- 10Y*
- 2.47%
NYF vs. VWIUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 1.63% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 1.26% | 5.99% | 2.34% | 5.90% | -6.83% | 0.81% | 5.23% | 7.10% | 1.34% | 4.65% |
Correlation
The correlation between NYF and VWIUX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007 | 0.47 |
Over the past year, NYF and VWIUX have become more correlated (0.70) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
NYF vs. VWIUX — Risk / Return Rank
NYF
VWIUX
NYF vs. VWIUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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 | VWIUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.79 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.32 | +0.14 |
| Martin ratioReturn relative to average drawdown | 8.79 | 7.71 | +1.08 |
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 | VWIUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.95 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.52 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.72 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.13 | -0.66 |
Drawdowns
NYF vs. VWIUX - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, which is greater than VWIUX's maximum drawdown of -11.38%. Use the drawdown chart below to compare losses from any high point for NYF and VWIUX.
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Drawdown Indicators
| NYF | VWIUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -11.38% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.99% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -4.40% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.71% | -11.38% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | -11.38% | -1.74% |
Current DrawdownCurrent decline from peak | -0.45% | -0.95% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -1.44% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.90% | -0.13% |
Volatility
NYF vs. VWIUX - Volatility Comparison
iShares New York Muni Bond ETF (NYF) has a higher volatility of 0.96% compared to Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) at 0.88%. This indicates that NYF's price experiences larger fluctuations and is considered to be riskier than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NYF | VWIUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.88% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.86% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 2.35% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 3.27% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 3.43% | +1.05% |
NYF vs. VWIUX - Expense Ratio Comparison
NYF has a 0.25% expense ratio, which is higher than VWIUX's 0.09% 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%.
Dividends
NYF vs. VWIUX - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.09%, less than VWIUX's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.33% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
Frequently Asked Questions
NYF and VWIUX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NYF has higher volatility (0.96%) compared to VWIUX (0.88%). In terms of maximum drawdown, NYF dropped -13.12% vs VWIUX's -11.38%.
VWIUX currently has the higher Sharpe Ratio (2.95 vs 2.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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