VNYUX vs. PNYIX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and PIMCO New York Municipal Fund (PNYIX).
VNYUX is managed by Vanguard. It was launched on May 14, 2001. PNYIX is managed by PIMCO. It was launched on Aug 8, 2004.
Performance
VNYUX vs. PNYIX - Performance Comparison
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VNYUX vs. PNYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | -0.31% | 4.79% | 2.58% | 8.05% | -10.92% | 2.09% | 5.60% | 8.71% | 0.59% | 5.89% |
PNYIX PIMCO New York Municipal Fund | 0.05% | 4.16% | 2.89% | 8.13% | -10.19% | 2.46% | 4.73% | 7.78% | 1.00% | 5.79% |
Returns By Period
In the year-to-date period, VNYUX achieves a -0.31% return, which is significantly lower than PNYIX's 0.05% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: VNYUX at 2.43% and PNYIX at 2.43%.
VNYUX
- 1D
- 0.28%
- 1M
- -2.27%
- YTD
- -0.31%
- 6M
- 1.19%
- 1Y
- 4.29%
- 3Y*
- 3.85%
- 5Y*
- 1.19%
- 10Y*
- 2.43%
PNYIX
- 1D
- 0.19%
- 1M
- -1.75%
- YTD
- 0.05%
- 6M
- 1.29%
- 1Y
- 3.72%
- 3Y*
- 4.06%
- 5Y*
- 1.34%
- 10Y*
- 2.43%
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VNYUX vs. PNYIX - Expense Ratio Comparison
VNYUX has a 0.09% expense ratio, which is lower than PNYIX's 0.46% expense ratio.
Return for Risk
VNYUX vs. PNYIX — Risk / Return Rank
VNYUX
PNYIX
VNYUX vs. PNYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and PIMCO New York Municipal Fund (PNYIX). 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.
| VNYUX | PNYIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.87 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.19 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.11 | -0.10 |
Martin ratioReturn relative to average drawdown | 3.27 | 3.40 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNYUX | PNYIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.87 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.33 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.63 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.19 | -0.26 |
Correlation
The correlation between VNYUX and PNYIX is 0.82, 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.
Dividends
VNYUX vs. PNYIX - Dividend Comparison
VNYUX's dividend yield for the trailing twelve months is around 3.70%, which matches PNYIX's 3.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.70% | 4.50% | 4.02% | 2.89% | 2.94% | 2.82% | 3.51% | 3.61% | 3.52% | 3.73% | 3.93% | 3.44% |
PNYIX PIMCO New York Municipal Fund | 3.71% | 4.77% | 4.24% | 3.49% | 2.00% | 1.92% | 2.01% | 2.84% | 3.33% | 3.27% | 3.44% | 3.65% |
Drawdowns
VNYUX vs. PNYIX - Drawdown Comparison
The maximum VNYUX drawdown since its inception was -16.59%, which is greater than PNYIX's maximum drawdown of -15.33%. Use the drawdown chart below to compare losses from any high point for VNYUX and PNYIX.
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Drawdown Indicators
| VNYUX | PNYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -15.33% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -4.74% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.59% | -15.33% | -1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -16.59% | -15.33% | -1.26% |
Current DrawdownCurrent decline from peak | -2.63% | -2.03% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -1.70% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.55% | +0.16% |
Volatility
VNYUX vs. PNYIX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) has a higher volatility of 1.32% compared to PIMCO New York Municipal Fund (PNYIX) at 0.96%. This indicates that VNYUX's price experiences larger fluctuations and is considered to be riskier than PNYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNYUX | PNYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.96% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 1.61% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 4.85% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 4.09% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 3.88% | +0.71% |