PSNYX vs. PL

In the year-to-date period, PSNYX achieves a -2.55% return, which is significantly higher than PL's -4.95% return.

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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.

The current PSNYX Sharpe Ratio is 0.08, which is lower than the PL Sharpe Ratio of 1.18. 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.

PSNYX's dividend yield for the trailing twelve months is around 2.61%, while PL has not paid dividends to shareholders.

The maximum PSNYX drawdown since its inception was -15.30%, 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.

The current volatility for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) is 0.80%, while Planet Labs PBC (PL) has a volatility of 13.00%. 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.