PSNYX vs. PL
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSNYX or PL.
Key characteristics
| PSNYX | PL | |
|---|---|---|
| YTD Return | 2.24% | 21.46% |
| 1Y Return | 6.75% | 23.97% |
| 3Y Return (Ann) | -0.95% | -34.13% |
| Sharpe Ratio | 2.07 | 0.48 |
| Sortino Ratio | 3.02 | 1.10 |
| Omega Ratio | 1.48 | 1.15 |
| Calmar Ratio | 0.68 | 0.40 |
| Martin Ratio | 9.70 | 1.76 |
| Ulcer Index | 0.70% | 19.33% |
| Daily Std Dev | 3.31% | 69.99% |
| Max Drawdown | -15.53% | -85.73% |
| Current Drawdown | -3.77% | -74.66% |
Correlation
The correlation between PSNYX and PL is 0.09, 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.
Performance
PSNYX vs. PL - Performance Comparison
In the year-to-date period, PSNYX achieves a 2.24% return, which is significantly lower than PL's 21.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PSNYX vs. PL - Risk-Adjusted Performance 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.
Dividends
PSNYX vs. PL - Dividend Comparison
PSNYX's dividend yield for the trailing twelve months is around 2.64%, while PL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund | 2.64% | 2.56% | 2.56% | 2.19% | 2.41% | 2.53% | 2.70% | 2.63% | 2.84% | 3.01% | 3.15% | 3.27% |
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 -15.53%, 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. For additional features, visit the drawdowns tool.
Volatility
PSNYX vs. PL - Volatility Comparison
The current volatility for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) is 1.75%, while Planet Labs PBC (PL) has a volatility of 18.12%. 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.