VNYUX vs. NYF
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and iShares New York Muni Bond ETF (NYF).
VNYUX is managed by Vanguard. It was launched on May 14, 2001. 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: VNYUX or NYF.
Key characteristics
| VNYUX | NYF | |
|---|---|---|
| YTD Return | 2.06% | 1.15% |
| 1Y Return | 9.61% | 6.96% |
| 3Y Return (Ann) | -0.58% | -0.37% |
| 5Y Return (Ann) | 1.18% | 1.00% |
| 10Y Return (Ann) | 2.41% | 2.01% |
| Sharpe Ratio | 2.33 | 1.85 |
| Sortino Ratio | 3.48 | 2.71 |
| Omega Ratio | 1.53 | 1.37 |
| Calmar Ratio | 0.89 | 0.81 |
| Martin Ratio | 10.25 | 7.78 |
| Ulcer Index | 0.95% | 0.85% |
| Daily Std Dev | 4.18% | 3.58% |
| Max Drawdown | -17.21% | -13.12% |
| Current Drawdown | -2.40% | -1.82% |
Correlation
The correlation between VNYUX and NYF is 0.45, 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
VNYUX vs. NYF - Performance Comparison
In the year-to-date period, VNYUX achieves a 2.06% return, which is significantly higher than NYF's 1.15% return. Over the past 10 years, VNYUX has outperformed NYF with an annualized return of 2.41%, 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.
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VNYUX vs. NYF - Expense Ratio Comparison
VNYUX has a 0.09% 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
VNYUX 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 Admiral Shares (VNYUX) 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
VNYUX vs. NYF - Dividend Comparison
VNYUX's dividend yield for the trailing twelve months is around 3.40%, more than NYF's 2.73% 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% |
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
VNYUX vs. NYF - Drawdown Comparison
The maximum VNYUX drawdown since its inception was -17.21%, which is greater than NYF's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for VNYUX and NYF. For additional features, visit the drawdowns tool.
Volatility
VNYUX vs. NYF - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) has a higher volatility of 2.11% compared to iShares New York Muni Bond ETF (NYF) at 1.76%. This indicates that VNYUX'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.