VNYTX vs. NQP
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Nuveen Pennsylvania Quality Municipal Income (NQP).
VNYTX is managed by Vanguard. It was launched on Apr 7, 1986. NQP is an actively managed fund by Nuveen. It was launched on Feb 21, 1991.
Performance
VNYTX vs. NQP - Performance Comparison
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VNYTX vs. NQP - 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% |
NQP Nuveen Pennsylvania Quality Municipal Income | 2.14% | 15.46% | 2.70% | 7.44% | -21.95% | 7.75% | 7.08% | 21.21% | -2.28% | 5.96% |
Returns By Period
In the year-to-date period, VNYTX achieves a -0.32% return, which is significantly lower than NQP's 2.14% return. Over the past 10 years, VNYTX has underperformed NQP with an annualized return of 2.35%, while NQP has yielded a comparatively higher 3.34% annualized return.
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%
NQP
- 1D
- -0.17%
- 1M
- -0.51%
- YTD
- 2.14%
- 6M
- 2.76%
- 1Y
- 13.70%
- 3Y*
- 7.94%
- 5Y*
- 1.65%
- 10Y*
- 3.34%
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VNYTX vs. NQP - Expense Ratio Comparison
VNYTX has a 0.17% expense ratio, which is lower than NQP's 1.27% expense ratio.
Return for Risk
VNYTX vs. NQP — Risk / Return Rank
VNYTX
NQP
VNYTX vs. NQP - 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 Pennsylvania Quality Municipal Income (NQP). 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 | NQP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 1.50 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.27 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.27 | -2.27 |
Martin ratioReturn relative to average drawdown | 3.22 | 8.94 | -5.71 |
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 | NQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.50 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.17 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.31 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.41 | +0.59 |
Correlation
The correlation between VNYTX and NQP is 0.25, 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.
Dividends
VNYTX vs. NQP - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.65%, less than NQP's 7.86% 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% |
NQP Nuveen Pennsylvania Quality Municipal Income | 7.86% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
Drawdowns
VNYTX vs. NQP - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -21.73%, smaller than the maximum NQP drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for VNYTX and NQP.
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Drawdown Indicators
| VNYTX | NQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -41.87% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -4.63% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -32.41% | +15.74% |
Max Drawdown (10Y)Largest decline over 10 years | -16.67% | -32.41% | +15.74% |
Current DrawdownCurrent decline from peak | -2.63% | -1.68% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -6.93% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.69% | +0.03% |
Volatility
VNYTX vs. NQP - Volatility Comparison
The current volatility for Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) is 1.32%, while Nuveen Pennsylvania Quality Municipal Income (NQP) has a volatility of 4.13%. This indicates that VNYTX experiences smaller price fluctuations and is considered to be less risky than NQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNYTX | NQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 4.13% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 5.32% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 9.22% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 9.80% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 10.85% | -6.27% |