RMUNX vs. VNYTX
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX).
RMUNX is managed by Invesco. It was launched on May 14, 1986. VNYTX is managed by Vanguard. It was launched on Apr 7, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or VNYTX.
Performance
RMUNX vs. VNYTX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with RMUNX having a 2.36% return and VNYTX slightly lower at 2.26%. Over the past 10 years, RMUNX has outperformed VNYTX with an annualized return of 4.28%, while VNYTX has yielded a comparatively lower 2.40% annualized return.
RMUNX
2.36%
1.61%
3.47%
8.59%
1.80%
4.28%
VNYTX
2.26%
1.40%
3.79%
7.42%
1.04%
2.40%
Key characteristics
| RMUNX | VNYTX | |
|---|---|---|
| Sharpe Ratio | 1.58 | 1.83 |
| Sortino Ratio | 2.29 | 2.69 |
| Omega Ratio | 1.35 | 1.41 |
| Calmar Ratio | 0.74 | 0.81 |
| Martin Ratio | 6.88 | 7.53 |
| Ulcer Index | 1.25% | 0.99% |
| Daily Std Dev | 5.43% | 4.07% |
| Max Drawdown | -36.54% | -19.30% |
| Current Drawdown | -4.02% | -2.37% |
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RMUNX vs. VNYTX - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than VNYTX's 0.17% expense ratio.
Correlation
The correlation between RMUNX and VNYTX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
RMUNX vs. VNYTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX). 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
RMUNX vs. VNYTX - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.02%, more than VNYTX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.02% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% | 13.31% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.32% | 3.11% | 2.86% | 2.43% | 2.65% | 2.94% | 3.21% | 3.17% | 3.81% | 3.29% | 3.40% | 3.60% |
Drawdowns
RMUNX vs. VNYTX - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, which is greater than VNYTX's maximum drawdown of -19.30%. Use the drawdown chart below to compare losses from any high point for RMUNX and VNYTX. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. VNYTX - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 2.41% compared to Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) at 1.80%. This indicates that RMUNX's price experiences larger fluctuations and is considered to be riskier than VNYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.