VNYUX vs. FTFMX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Fidelity New York Municipal Income Fund (FTFMX).
VNYUX is managed by Vanguard. It was launched on May 14, 2001. FTFMX is managed by Fidelity. It was launched on Jul 10, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYUX or FTFMX.
Key characteristics
| VNYUX | FTFMX | |
|---|---|---|
| YTD Return | 2.06% | 2.00% |
| 1Y Return | 8.55% | 7.78% |
| 3Y Return (Ann) | -0.55% | -0.73% |
| 5Y Return (Ann) | 1.11% | 0.80% |
| 10Y Return (Ann) | 2.42% | 1.90% |
| Sharpe Ratio | 2.28 | 1.89 |
| Sortino Ratio | 3.41 | 2.78 |
| Omega Ratio | 1.52 | 1.43 |
| Calmar Ratio | 0.94 | 0.77 |
| Martin Ratio | 9.89 | 7.09 |
| Ulcer Index | 0.96% | 1.03% |
| Daily Std Dev | 4.17% | 3.93% |
| Max Drawdown | -17.21% | -19.44% |
| Current Drawdown | -2.40% | -3.10% |
Correlation
The correlation between VNYUX and FTFMX is 0.89, 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
VNYUX vs. FTFMX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VNYUX having a 2.06% return and FTFMX slightly lower at 2.00%. Over the past 10 years, VNYUX has outperformed FTFMX with an annualized return of 2.42%, while FTFMX has yielded a comparatively lower 1.90% annualized return. 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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VNYUX vs. FTFMX - Expense Ratio Comparison
VNYUX has a 0.09% expense ratio, which is lower than FTFMX's 0.46% expense ratio.
Risk-Adjusted Performance
VNYUX vs. FTFMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Fidelity New York Municipal Income Fund (FTFMX). 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
VNYUX vs. FTFMX - Dividend Comparison
VNYUX's dividend yield for the trailing twelve months is around 3.40%, more than FTFMX's 2.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTFMX Fidelity New York Municipal Income Fund | 2.76% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% | 3.58% |
Drawdowns
VNYUX vs. FTFMX - Drawdown Comparison
The maximum VNYUX drawdown since its inception was -17.21%, smaller than the maximum FTFMX drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for VNYUX and FTFMX. For additional features, visit the drawdowns tool.
Volatility
VNYUX vs. FTFMX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) has a higher volatility of 2.08% compared to Fidelity New York Municipal Income Fund (FTFMX) at 1.97%. This indicates that VNYUX's price experiences larger fluctuations and is considered to be riskier than FTFMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.