Correlation
The correlation between VNYTX and NYF is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYTX or NYF.
Performance
VNYTX vs. NYF - Performance Comparison
Loading data...
Key characteristics
VNYTX:
0.25
NYF:
0.32
VNYTX:
0.24
NYF:
0.33
VNYTX:
1.04
NYF:
1.05
VNYTX:
0.14
NYF:
0.24
VNYTX:
0.44
NYF:
0.67
VNYTX:
2.20%
NYF:
1.64%
VNYTX:
6.28%
NYF:
4.69%
VNYTX:
-19.30%
NYF:
-13.12%
VNYTX:
-4.39%
NYF:
-3.00%
Returns By Period
In the year-to-date period, VNYTX achieves a -2.38% return, which is significantly lower than NYF's -1.19% return. Over the past 10 years, VNYTX has outperformed NYF with an annualized return of 2.24%, while NYF has yielded a comparatively lower 1.77% annualized return.
VNYTX
-2.38%
-0.17%
-3.43%
1.54%
1.78%
0.64%
2.24%
NYF
-1.19%
0.00%
-2.43%
1.51%
1.54%
0.39%
1.77%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Risk-Adjusted Performance
VNYTX vs. NYF — Risk-Adjusted Performance Rank
VNYTX
NYF
VNYTX vs. NYF - 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 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.
Loading data...
Dividends
VNYTX vs. NYF - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.54%, more than NYF's 2.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.54% | 3.37% | 3.11% | 2.86% | 3.18% | 3.44% | 3.29% | 3.43% | 3.64% | 3.81% | 3.38% | 3.40% |
NYF iShares New York Muni Bond ETF | 2.91% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% |
Drawdowns
VNYTX vs. NYF - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -19.30%, 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.
Loading data...
Volatility
VNYTX vs. NYF - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and iShares New York Muni Bond ETF (NYF) have volatilities of 1.16% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...