VNYTX vs. FFRHX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Fidelity Floating Rate High Income Fund (FFRHX).
VNYTX is managed by Vanguard. It was launched on Apr 7, 1986. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYTX or FFRHX.
Key characteristics
| VNYTX | FFRHX | |
|---|---|---|
| YTD Return | 1.98% | 7.97% |
| 1Y Return | 9.52% | 9.98% |
| 3Y Return (Ann) | -0.65% | 6.32% |
| 5Y Return (Ann) | 1.10% | 5.64% |
| 10Y Return (Ann) | 2.38% | 4.59% |
| Sharpe Ratio | 2.31 | 3.83 |
| Sortino Ratio | 3.45 | 12.23 |
| Omega Ratio | 1.53 | 4.02 |
| Calmar Ratio | 0.87 | 11.41 |
| Martin Ratio | 10.11 | 60.36 |
| Ulcer Index | 0.95% | 0.16% |
| Daily Std Dev | 4.17% | 2.56% |
| Max Drawdown | -19.30% | -22.19% |
| Current Drawdown | -2.64% | 0.00% |
Correlation
The correlation between VNYTX and FFRHX is 0.10, 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
VNYTX vs. FFRHX - Performance Comparison
In the year-to-date period, VNYTX achieves a 1.98% return, which is significantly lower than FFRHX's 7.97% return. Over the past 10 years, VNYTX has underperformed FFRHX with an annualized return of 2.38%, while FFRHX has yielded a comparatively higher 4.59% 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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VNYTX vs. FFRHX - Expense Ratio Comparison
VNYTX has a 0.17% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
VNYTX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Fidelity Floating Rate High Income Fund (FFRHX). 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
VNYTX vs. FFRHX - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.32%, less than FFRHX's 8.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFRHX Fidelity Floating Rate High Income Fund | 8.38% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
VNYTX vs. FFRHX - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -19.30%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for VNYTX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
VNYTX vs. FFRHX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a higher volatility of 2.11% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that VNYTX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.