USNYX vs. FTFMX
Compare and contrast key facts about USAA New York Bond Fund (USNYX) and Fidelity New York Municipal Income Fund (FTFMX).
USNYX is managed by Victory Capital. It was launched on Oct 9, 1990. FTFMX is managed by Fidelity. It was launched on Jul 10, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USNYX or FTFMX.
Key characteristics
| USNYX | FTFMX | |
|---|---|---|
| YTD Return | 2.28% | 2.00% |
| 1Y Return | 11.07% | 8.60% |
| 3Y Return (Ann) | -0.53% | -0.76% |
| 5Y Return (Ann) | 1.20% | 0.87% |
| 10Y Return (Ann) | 2.19% | 1.89% |
| Sharpe Ratio | 2.18 | 2.00 |
| Sortino Ratio | 3.41 | 2.94 |
| Omega Ratio | 1.51 | 1.46 |
| Calmar Ratio | 0.87 | 0.76 |
| Martin Ratio | 10.44 | 7.63 |
| Ulcer Index | 1.03% | 1.02% |
| Daily Std Dev | 4.93% | 3.93% |
| Max Drawdown | -18.01% | -19.44% |
| Current Drawdown | -2.58% | -3.10% |
Correlation
The correlation between USNYX and FTFMX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USNYX vs. FTFMX - Performance Comparison
In the year-to-date period, USNYX achieves a 2.28% return, which is significantly higher than FTFMX's 2.00% return. Over the past 10 years, USNYX has outperformed FTFMX with an annualized return of 2.19%, while FTFMX has yielded a comparatively lower 1.89% 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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USNYX vs. FTFMX - Expense Ratio Comparison
USNYX has a 0.67% expense ratio, which is higher than FTFMX's 0.46% expense ratio.
Risk-Adjusted Performance
USNYX vs. FTFMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA New York Bond Fund (USNYX) and Fidelity New York Municipal Income Fund (FTFMX). 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
USNYX vs. FTFMX - Dividend Comparison
USNYX's dividend yield for the trailing twelve months is around 3.45%, more than FTFMX's 2.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNYX USAA New York Bond Fund | 3.45% | 3.42% | 3.21% | 2.69% | 2.92% | 3.17% | 3.44% | 3.41% | 3.54% | 3.54% | 3.62% | 3.84% |
FTFMX Fidelity New York Municipal Income Fund | 2.76% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% | 3.58% |
Drawdowns
USNYX vs. FTFMX - Drawdown Comparison
The maximum USNYX drawdown since its inception was -18.01%, smaller than the maximum FTFMX drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for USNYX and FTFMX. For additional features, visit the drawdowns tool.
Volatility
USNYX vs. FTFMX - Volatility Comparison
USAA New York Bond Fund (USNYX) has a higher volatility of 2.61% compared to Fidelity New York Municipal Income Fund (FTFMX) at 1.98%. This indicates that USNYX's price experiences larger fluctuations and is considered to be riskier than FTFMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.