VNYTX vs. NMTRX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
VNYTX is managed by Vanguard. It was launched on Apr 7, 1986. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
VNYTX vs. NMTRX - Performance Comparison
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VNYTX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | -0.32% | 4.72% | 2.49% | 8.00% | -11.00% | 2.01% | 5.52% | 8.61% | 0.51% | 5.79% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, VNYTX achieves a -0.32% return, which is significantly lower than NMTRX's -0.12% return. Both investments have delivered pretty close results over the past 10 years, with VNYTX having a 2.35% annualized return and NMTRX not far behind at 2.27%.
VNYTX
- 1D
- 0.28%
- 1M
- -2.27%
- YTD
- -0.32%
- 6M
- 1.17%
- 1Y
- 4.23%
- 3Y*
- 3.78%
- 5Y*
- 1.12%
- 10Y*
- 2.35%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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VNYTX vs. NMTRX - Expense Ratio Comparison
VNYTX has a 0.17% expense ratio, which is higher than NMTRX's 0.05% 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%.
Return for Risk
VNYTX vs. NMTRX — Risk / Return Rank
VNYTX
NMTRX
VNYTX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| VNYTX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.84 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.16 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.99 | +0.01 |
Martin ratioReturn relative to average drawdown | 3.22 | 2.89 | +0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNYTX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.84 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.10 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.52 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.97 | +0.03 |
Correlation
The correlation between VNYTX and NMTRX is 0.84, 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.
Dividends
VNYTX vs. NMTRX - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.65%, less than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.65% | 4.44% | 3.93% | 2.85% | 2.86% | 2.75% | 3.43% | 3.52% | 3.44% | 3.64% | 3.82% | 3.36% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
VNYTX vs. NMTRX - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -21.73%, which is greater than NMTRX's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for VNYTX and NMTRX.
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Drawdown Indicators
| VNYTX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -16.36% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -4.75% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -16.36% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -16.67% | -16.36% | -0.31% |
Current DrawdownCurrent decline from peak | -2.63% | -2.25% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -2.93% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.62% | +0.10% |
Volatility
VNYTX vs. NMTRX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a higher volatility of 1.32% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 1.07%. This indicates that VNYTX's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNYTX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.07% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.82% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 4.93% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 3.97% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 4.38% | +0.20% |