PRNYX vs. VNYUX
Compare and contrast key facts about T. Rowe Price New York Tax Free Bond Fund (PRNYX) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX).
PRNYX is managed by T. Rowe Price. It was launched on Aug 27, 1986. VNYUX is managed by Vanguard. It was launched on May 14, 2001.
Performance
PRNYX vs. VNYUX - Performance Comparison
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PRNYX vs. VNYUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRNYX T. Rowe Price New York Tax Free Bond Fund | 0.43% | 6.11% | 2.22% | 8.08% | -11.19% | 3.27% | 4.08% | 6.59% | 0.80% | 4.69% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | -0.31% | 4.79% | 2.58% | 8.05% | -10.92% | 2.09% | 5.60% | 8.71% | 0.59% | 5.89% |
Returns By Period
In the year-to-date period, PRNYX achieves a 0.43% return, which is significantly higher than VNYUX's -0.31% return. Over the past 10 years, PRNYX has underperformed VNYUX with an annualized return of 2.25%, while VNYUX has yielded a comparatively higher 2.43% annualized return.
PRNYX
- 1D
- 0.38%
- 1M
- -2.11%
- YTD
- 0.43%
- 6M
- 2.87%
- 1Y
- 7.17%
- 3Y*
- 4.39%
- 5Y*
- 1.53%
- 10Y*
- 2.25%
VNYUX
- 1D
- 0.28%
- 1M
- -2.27%
- YTD
- -0.31%
- 6M
- 1.19%
- 1Y
- 4.29%
- 3Y*
- 3.85%
- 5Y*
- 1.19%
- 10Y*
- 2.43%
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PRNYX vs. VNYUX - Expense Ratio Comparison
PRNYX has a 0.53% expense ratio, which is higher than VNYUX's 0.09% expense ratio.
Return for Risk
PRNYX vs. VNYUX — Risk / Return Rank
PRNYX
VNYUX
PRNYX vs. VNYUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New York Tax Free Bond Fund (PRNYX) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX). 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.
| PRNYX | VNYUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.86 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.17 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.01 | +0.46 |
Martin ratioReturn relative to average drawdown | 4.98 | 3.27 | +1.71 |
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
| PRNYX | VNYUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.86 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.25 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.53 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.93 | +0.14 |
Correlation
The correlation between PRNYX and VNYUX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PRNYX vs. VNYUX - Dividend Comparison
PRNYX's dividend yield for the trailing twelve months is around 6.58%, more than VNYUX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNYX T. Rowe Price New York Tax Free Bond Fund | 6.58% | 6.19% | 3.22% | 3.33% | 2.15% | 2.46% | 2.86% | 2.90% | 3.24% | 3.19% | 3.34% | 3.43% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.70% | 4.50% | 4.02% | 2.89% | 2.94% | 2.82% | 3.51% | 3.61% | 3.52% | 3.73% | 3.93% | 3.44% |
Drawdowns
PRNYX vs. VNYUX - Drawdown Comparison
The maximum PRNYX drawdown since its inception was -19.17%, which is greater than VNYUX's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for PRNYX and VNYUX.
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Drawdown Indicators
| PRNYX | VNYUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.17% | -16.59% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.50% | -5.55% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -16.59% | +0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -16.01% | -16.59% | +0.58% |
Current DrawdownCurrent decline from peak | -2.47% | -2.63% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -2.09% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.71% | -0.09% |
Volatility
PRNYX vs. VNYUX - Volatility Comparison
T. Rowe Price New York Tax Free Bond Fund (PRNYX) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) have volatilities of 1.36% and 1.32%, 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.
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Volatility by Period
| PRNYX | VNYUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.32% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 2.05% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 5.64% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 4.73% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 4.59% | -0.41% |