SBNYX vs. VOO
Compare and contrast key facts about Western Asset New York Municipals Fund (SBNYX) and Vanguard S&P 500 ETF (VOO).
SBNYX is managed by Franklin Templeton Investments. It was launched on Jan 15, 1987. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBNYX or VOO.
Key characteristics
| SBNYX | VOO | |
|---|---|---|
| YTD Return | 3.00% | 18.91% |
| 1Y Return | 8.13% | 28.20% |
| 3Y Return (Ann) | -1.09% | 9.93% |
| 5Y Return (Ann) | 0.90% | 15.31% |
| 10Y Return (Ann) | 2.00% | 12.87% |
| Sharpe Ratio | 1.92 | 2.21 |
| Daily Std Dev | 4.14% | 12.64% |
| Max Drawdown | -16.87% | -33.99% |
| Current Drawdown | -4.15% | -0.60% |
Correlation
The correlation between SBNYX and VOO is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SBNYX vs. VOO - Performance Comparison
In the year-to-date period, SBNYX achieves a 3.00% return, which is significantly lower than VOO's 18.91% return. Over the past 10 years, SBNYX has underperformed VOO with an annualized return of 2.00%, while VOO has yielded a comparatively higher 12.87% annualized 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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SBNYX vs. VOO - Expense Ratio Comparison
SBNYX has a 0.77% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SBNYX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset New York Municipals Fund (SBNYX) and Vanguard S&P 500 ETF (VOO). 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
SBNYX vs. VOO - Dividend Comparison
SBNYX's dividend yield for the trailing twelve months is around 3.01%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBNYX Western Asset New York Municipals Fund | 3.01% | 2.90% | 2.57% | 2.11% | 2.66% | 3.29% | 3.62% | 3.63% | 3.64% | 3.68% | 3.78% | 4.12% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SBNYX vs. VOO - Drawdown Comparison
The maximum SBNYX drawdown since its inception was -16.87%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SBNYX and VOO. For additional features, visit the drawdowns tool.
Volatility
SBNYX vs. VOO - Volatility Comparison
The current volatility for Western Asset New York Municipals Fund (SBNYX) is 0.50%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.83%. This indicates that SBNYX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.