VNYTX vs. NYF
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and iShares New York Muni Bond ETF (NYF).
VNYTX is managed by Vanguard. It was launched on Apr 7, 1986. NYF is a passively managed fund by iShares that tracks the performance of the S&P New York AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007.
Performance
VNYTX vs. NYF - Performance Comparison
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VNYTX vs. NYF - 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% |
NYF iShares New York Muni Bond ETF | 0.08% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
Returns By Period
In the year-to-date period, VNYTX achieves a -0.32% return, which is significantly lower than NYF's 0.08% return. Over the past 10 years, VNYTX has outperformed NYF with an annualized return of 2.35%, while NYF has yielded a comparatively lower 1.81% 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%
NYF
- 1D
- 0.30%
- 1M
- -1.77%
- YTD
- 0.08%
- 6M
- 1.30%
- 1Y
- 3.82%
- 3Y*
- 2.67%
- 5Y*
- 0.85%
- 10Y*
- 1.81%
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VNYTX vs. NYF - Expense Ratio Comparison
VNYTX has a 0.17% expense ratio, which is lower than NYF's 0.25% expense ratio. Despite the difference, 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. NYF — Risk / Return Rank
VNYTX
NYF
VNYTX vs. NYF - 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 iShares New York Muni Bond ETF (NYF). 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 | NYF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.96 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.21 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.30 | -0.30 |
Martin ratioReturn relative to average drawdown | 3.22 | 3.65 | -0.42 |
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 | NYF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.96 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.21 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.41 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.46 | +0.54 |
Correlation
The correlation between VNYTX and NYF is 0.48, 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.
Dividends
VNYTX vs. NYF - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.65%, more than NYF's 3.08% 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% |
NYF iShares New York Muni Bond ETF | 3.08% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Drawdowns
VNYTX vs. NYF - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -21.73%, which is greater than NYF's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for VNYTX and NYF.
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Drawdown Indicators
| VNYTX | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -13.12% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -3.34% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -12.71% | -3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -16.67% | -13.12% | -3.55% |
Current DrawdownCurrent decline from peak | -2.63% | -1.97% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -2.32% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.19% | +0.53% |
Volatility
VNYTX vs. NYF - Volatility Comparison
The current volatility for Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) is 1.32%, while iShares New York Muni Bond ETF (NYF) has a volatility of 1.41%. This indicates that VNYTX experiences smaller price fluctuations and is considered to be less risky than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNYTX | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.41% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.90% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 4.02% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 3.98% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 4.48% | +0.10% |