PSNYX vs. PL

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) and Planet Labs PBC (PL).

PSNYX is managed by BNY Mellon. It was launched on Dec 30, 1986.

Performance

PSNYX vs. PL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) and Planet Labs PBC (PL). The values are adjusted to include any dividend payments, if applicable.

PSNYX vs. PL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund	-0.56%	3.47%	1.93%	5.66%	-10.84%	1.10%
PL Planet Labs PBC	41.73%	388.12%	63.56%	-43.22%	-29.27%	-37.88%

Returns By Period

In the year-to-date period, PSNYX achieves a -0.56% return, which is significantly lower than PL's 41.73% return.

PSNYX

• 1D: 0.22%
• 1M: -2.55%
• YTD: -0.56%
• 6M: 0.70%
• 1Y: 3.06%
• 3Y*: 2.62%
• 5Y*: 0.17%
• 10Y*: 1.47%

PL

• 1D: 0.22%
• 1M: 15.78%
• YTD: 41.73%
• 6M: 115.33%
• 1Y: 726.92%
• 3Y*: 92.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PSNYX vs. PL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSNYX

PSNYX Risk / Return Rank: 29
PSNYX Sharpe Ratio Rank: 27
PSNYX Sortino Ratio Rank: 22
PSNYX Omega Ratio Rank: 45
PSNYX Calmar Ratio Rank: 29
PSNYX Martin Ratio Rank: 22

PL

PL Risk / Return Rank: 99
PL Sharpe Ratio Rank: 100
PL Sortino Ratio Rank: 99
PL Omega Ratio Rank: 98
PL Calmar Ratio Rank: 100
PL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSNYX vs. PL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) and Planet Labs PBC (PL). 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.

	PSNYX	PL	Difference
Sharpe ratio Return per unit of total volatility	0.66	6.89	-6.23
Sortino ratio Return per unit of downside risk	0.92	5.89	-4.96
Omega ratio Gain probability vs. loss probability	1.19	1.72	-0.52
Calmar ratio Return relative to maximum drawdown	0.82	24.40	-23.57
Martin ratio Return relative to average drawdown	2.35	60.27	-57.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSNYX vs. PL - Sharpe Ratio Comparison

The current PSNYX Sharpe Ratio is 0.66, which is lower than the PL Sharpe Ratio of 6.89. The chart below compares the historical Sharpe Ratios of PSNYX and PL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSNYX	PL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	6.89	-6.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.30	+0.61

Correlation

The correlation between PSNYX and PL is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PSNYX vs. PL - Dividend Comparison

PSNYX's dividend yield for the trailing twelve months is around 2.93%, while PL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund	2.93%	3.80%	2.72%	2.12%	2.16%	2.09%	3.15%	3.13%	2.68%	2.63%	2.85%	3.00%
PL Planet Labs PBC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PSNYX vs. PL - Drawdown Comparison

The maximum PSNYX drawdown since its inception was -27.64%, smaller than the maximum PL drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for PSNYX and PL.

Drawdown Indicators

	PSNYX	PL	Difference
Max Drawdown Largest peak-to-trough decline	-27.64%	-85.73%	+58.09%
Max Drawdown (1Y) Largest decline over 1 year	-4.87%	-29.01%	+24.14%
Max Drawdown (5Y) Largest decline over 5 years	-15.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.65%	—	—
Current Drawdown Current decline from peak	-2.55%	-20.98%	+18.43%
Average Drawdown Average peak-to-trough decline	-3.09%	-51.63%	+48.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	11.74%	-10.03%

Volatility

PSNYX vs. PL - Volatility Comparison

The current volatility for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) is 1.16%, while Planet Labs PBC (PL) has a volatility of 35.16%. This indicates that PSNYX experiences smaller price fluctuations and is considered to be less risky than PL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSNYX	PL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	35.16%	-34.00%
Volatility (6M) Calculated over the trailing 6-month period	1.73%	65.74%	-64.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	106.56%	-100.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.11%	78.34%	-74.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.04%	78.34%	-74.30%