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.
Key characteristics
| VNYTX | NYF | |
|---|---|---|
| YTD Return | 1.98% | 1.15% |
| 1Y Return | 9.52% | 6.96% |
| 3Y Return (Ann) | -0.65% | -0.37% |
| 5Y Return (Ann) | 1.10% | 1.00% |
| 10Y Return (Ann) | 2.38% | 2.01% |
| Sharpe Ratio | 2.31 | 1.85 |
| Sortino Ratio | 3.45 | 2.71 |
| Omega Ratio | 1.53 | 1.37 |
| Calmar Ratio | 0.87 | 0.81 |
| Martin Ratio | 10.11 | 7.78 |
| Ulcer Index | 0.95% | 0.85% |
| Daily Std Dev | 4.17% | 3.58% |
| Max Drawdown | -19.30% | -13.12% |
| Current Drawdown | -2.64% | -1.82% |
Correlation
The correlation between VNYTX and NYF is 0.46, 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. NYF - Performance Comparison
In the year-to-date period, VNYTX achieves a 1.98% return, which is significantly higher than NYF's 1.15% return. Over the past 10 years, VNYTX has outperformed NYF with an annualized return of 2.38%, while NYF has yielded a comparatively lower 2.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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 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.
Dividends
VNYTX vs. NYF - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.32%, more than NYF's 2.73% 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% |
NYF iShares New York Muni Bond ETF | 2.73% | 2.36% | 2.04% | 1.84% | 1.97% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% | 3.05% |
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. For additional features, visit the drawdowns tool.
Volatility
VNYTX vs. NYF - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a higher volatility of 2.11% compared to iShares New York Muni Bond ETF (NYF) at 1.76%. This indicates that VNYTX's price experiences larger fluctuations and is considered to be riskier than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.