VNYTX vs. IEF
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and iShares 7-10 Year Treasury Bond ETF (IEF).
VNYTX is managed by Vanguard. It was launched on Apr 7, 1986. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYTX or IEF.
Key characteristics
| VNYTX | IEF | |
|---|---|---|
| YTD Return | 1.98% | 0.61% |
| 1Y Return | 9.52% | 7.07% |
| 3Y Return (Ann) | -0.65% | -4.16% |
| 5Y Return (Ann) | 1.10% | -1.16% |
| 10Y Return (Ann) | 2.38% | 0.92% |
| Sharpe Ratio | 2.31 | 0.83 |
| Sortino Ratio | 3.45 | 1.23 |
| Omega Ratio | 1.53 | 1.14 |
| Calmar Ratio | 0.87 | 0.27 |
| Martin Ratio | 10.11 | 2.49 |
| Ulcer Index | 0.95% | 2.42% |
| Daily Std Dev | 4.17% | 7.25% |
| Max Drawdown | -19.30% | -23.93% |
| Current Drawdown | -2.64% | -16.36% |
Correlation
The correlation between VNYTX and IEF is 0.53, 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.
Performance
VNYTX vs. IEF - Performance Comparison
In the year-to-date period, VNYTX achieves a 1.98% return, which is significantly higher than IEF's 0.61% return. Over the past 10 years, VNYTX has outperformed IEF with an annualized return of 2.38%, while IEF has yielded a comparatively lower 0.92% 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. IEF - Expense Ratio Comparison
VNYTX has a 0.17% expense ratio, which is higher than IEF's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VNYTX vs. IEF - 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 iShares 7-10 Year Treasury Bond ETF (IEF). 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. IEF - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.32%, less than IEF's 3.48% 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% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.48% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% | 2.05% | 1.77% |
Drawdowns
VNYTX vs. IEF - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -19.30%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for VNYTX and IEF. For additional features, visit the drawdowns tool.
Volatility
VNYTX vs. IEF - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a higher volatility of 2.11% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.98%. This indicates that VNYTX's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.