VNYTX vs. VNYUX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX).
VNYTX is managed by Vanguard. It was launched on Apr 7, 1986. VNYUX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYTX or VNYUX.
Key characteristics
| VNYTX | VNYUX | |
|---|---|---|
| YTD Return | 1.98% | 2.06% |
| 1Y Return | 9.52% | 9.61% |
| 3Y Return (Ann) | -0.65% | -0.58% |
| 5Y Return (Ann) | 1.10% | 1.18% |
| 10Y Return (Ann) | 2.38% | 2.41% |
| Sharpe Ratio | 2.31 | 2.33 |
| Sortino Ratio | 3.45 | 3.48 |
| Omega Ratio | 1.53 | 1.53 |
| Calmar Ratio | 0.87 | 0.89 |
| Martin Ratio | 10.11 | 10.25 |
| Ulcer Index | 0.95% | 0.95% |
| Daily Std Dev | 4.17% | 4.18% |
| Max Drawdown | -19.30% | -17.21% |
| Current Drawdown | -2.64% | -2.40% |
Correlation
The correlation between VNYTX and VNYUX is 1.00, 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.
Performance
VNYTX vs. VNYUX - Performance Comparison
The year-to-date returns for both investments are quite close, with VNYTX having a 1.98% return and VNYUX slightly higher at 2.06%. Both investments have delivered pretty close results over the past 10 years, with VNYTX having a 2.38% annualized return and VNYUX not far ahead at 2.41%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VNYTX vs. VNYUX - Expense Ratio Comparison
VNYTX has a 0.17% expense ratio, which is higher than VNYUX's 0.09% 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%.
Risk-Adjusted Performance
VNYTX vs. VNYUX - 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 Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX). 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. VNYUX - Dividend Comparison
VNYTX's dividend yield for the trailing twelve months is around 3.32%, less than VNYUX's 3.40% 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% |
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.40% | 3.16% | 2.94% | 2.51% | 2.73% | 3.02% | 3.30% | 3.26% | 3.38% | 3.34% | 3.50% | 3.69% |
Drawdowns
VNYTX vs. VNYUX - Drawdown Comparison
The maximum VNYTX drawdown since its inception was -19.30%, which is greater than VNYUX's maximum drawdown of -17.21%. Use the drawdown chart below to compare losses from any high point for VNYTX and VNYUX. For additional features, visit the drawdowns tool.
Volatility
VNYTX vs. VNYUX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) and Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) have volatilities of 2.11% and 2.11%, 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.