NYM vs. VTEB
NYM (AB New York Intermediate Municipal ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both Municipal Bonds funds. NYM is actively managed, while VTEB is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. NYM charges 0.27%/yr vs 0.03%/yr for VTEB.
Performance
NYM vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, NYM achieves a 1.43% return, which is significantly lower than VTEB's 1.60% return.
NYM
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 1.43%
- 6M
- 1.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTEB
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 1.60%
- 6M
- 2.05%
- 1Y
- 7.03%
- 3Y*
- 3.54%
- 5Y*
- 0.91%
- 10Y*
- 2.12%
NYM vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NYM AB New York Intermediate Municipal ETF | 1.43% | 0.41% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.60% | 0.35% |
Correlation
The correlation between NYM and VTEB 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 (All Time) Calculated using the full available price history since Nov 11, 2025 | 0.70 |
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Return for Risk
NYM vs. VTEB — Risk / Return Rank
NYM
VTEB
NYM vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NYM | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.61 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.48 | +1.14 |
Drawdowns
NYM vs. VTEB - Drawdown Comparison
The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for NYM and VTEB.
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Drawdown Indicators
| NYM | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.76% | -17.00% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.71% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.38% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -2.33% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.76% | — |
Volatility
NYM vs. VTEB - Volatility Comparison
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Volatility by Period
| NYM | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 2.72% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.06% | 3.90% | -1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.06% | 5.26% | -3.20% |
NYM vs. VTEB - Expense Ratio Comparison
NYM has a 0.27% expense ratio, which is higher than VTEB's 0.03% 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
NYM vs. VTEB - Dividend Comparison
NYM's dividend yield for the trailing twelve months is around 1.73%, less than VTEB's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYM AB New York Intermediate Municipal ETF | 1.73% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.35% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
NYM and VTEB 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.
On fees, VTEB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.27% for NYM.
VTEB has the higher dividend yield at 3.35%, compared with 1.73% for NYM.
They also come from different issuers: AllianceBernstein and Vanguard. Their fees differ too: 0.27% for NYM and 0.03% for VTEB.
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