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VNYTX vs. FFRHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VNYTX and FFRHX is 0.21, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

100.00%120.00%140.00%160.00%180.00%December2025FebruaryMarchAprilMay
109.57%
167.78%
VNYTX
FFRHX

Key characteristics

Sharpe Ratio

VNYTX:

0.05

FFRHX:

1.61

Sortino Ratio

VNYTX:

0.11

FFRHX:

2.59

Omega Ratio

VNYTX:

1.02

FFRHX:

1.61

Calmar Ratio

VNYTX:

0.04

FFRHX:

1.54

Martin Ratio

VNYTX:

0.15

FFRHX:

7.16

Ulcer Index

VNYTX:

2.03%

FFRHX:

0.71%

Daily Std Dev

VNYTX:

6.24%

FFRHX:

3.14%

Max Drawdown

VNYTX:

-19.30%

FFRHX:

-22.19%

Current Drawdown

VNYTX:

-4.07%

FFRHX:

-1.12%

Returns By Period

In the year-to-date period, VNYTX achieves a -1.83% return, which is significantly lower than FFRHX's -0.39% return. Over the past 10 years, VNYTX has underperformed FFRHX with an annualized return of 2.31%, while FFRHX has yielded a comparatively higher 4.51% annualized return.


VNYTX

YTD

-1.83%

1M

3.33%

6M

-1.91%

1Y

0.31%

5Y*

1.14%

10Y*

2.31%

FFRHX

YTD

-0.39%

1M

1.11%

6M

0.92%

1Y

5.08%

5Y*

7.52%

10Y*

4.51%

*Annualized

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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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VNYTX
The Risk-Adjusted Performance Rank of VNYTX is 2323
Overall Rank
The Sharpe Ratio Rank of VNYTX is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of VNYTX is 2020
Sortino Ratio Rank
The Omega Ratio Rank of VNYTX is 2121
Omega Ratio Rank
The Calmar Ratio Rank of VNYTX is 2525
Calmar Ratio Rank
The Martin Ratio Rank of VNYTX is 2525
Martin Ratio Rank

FFRHX
The Risk-Adjusted Performance Rank of FFRHX is 9292
Overall Rank
The Sharpe Ratio Rank of FFRHX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of FFRHX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of FFRHX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of FFRHX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FFRHX is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current VNYTX Sharpe Ratio is 0.05, which is lower than the FFRHX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of VNYTX and FFRHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
0.05
1.61
VNYTX
FFRHX

Dividends

VNYTX vs. FFRHX - Dividend Comparison

VNYTX's dividend yield for the trailing twelve months is around 3.20%, less than FFRHX's 7.47% yield.


TTM20242023202220212020201920182017201620152014
VNYTX
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares
3.20%3.37%3.11%2.86%2.43%2.65%2.94%3.21%3.17%3.81%3.29%3.40%
FFRHX
Fidelity Floating Rate High Income Fund
7.47%8.33%8.25%5.06%3.27%3.85%5.17%4.75%4.01%3.94%4.25%4.00%

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.


-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-4.07%
-1.12%
VNYTX
FFRHX

Volatility

VNYTX vs. FFRHX - Volatility Comparison

Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a higher volatility of 3.15% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 1.03%. 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.


0.00%1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
3.15%
1.03%
VNYTX
FFRHX