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VNYUX vs. PRNYX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VNYUX vs. PRNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and T. Rowe Price New York Tax Free Bond Fund (PRNYX). The values are adjusted to include any dividend payments, if applicable.

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VNYUX vs. PRNYX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
PRNYX
T. Rowe Price New York Tax Free Bond Fund
0.43%6.11%2.22%8.08%-11.19%3.27%4.08%6.59%0.80%4.69%

Returns By Period

In the year-to-date period, VNYUX achieves a -0.31% return, which is significantly lower than PRNYX's 0.43% return. Over the past 10 years, VNYUX has outperformed PRNYX with an annualized return of 2.43%, while PRNYX has yielded a comparatively lower 2.25% annualized return.


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%

PRNYX

1D
0.38%
1M
-2.11%
YTD
0.43%
6M
2.87%
1Y
7.17%
3Y*
4.39%
5Y*
1.53%
10Y*
2.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VNYUX vs. PRNYX - Expense Ratio Comparison

VNYUX has a 0.09% expense ratio, which is lower than PRNYX's 0.53% expense ratio.


Return for Risk

VNYUX vs. PRNYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VNYUX
VNYUX Risk / Return Rank: 3838
Overall Rank
VNYUX Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
VNYUX Sortino Ratio Rank: 3232
Sortino Ratio Rank
VNYUX Omega Ratio Rank: 5656
Omega Ratio Rank
VNYUX Calmar Ratio Rank: 3636
Calmar Ratio Rank
VNYUX Martin Ratio Rank: 2929
Martin Ratio Rank

PRNYX
PRNYX Risk / Return Rank: 6161
Overall Rank
PRNYX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
PRNYX Sortino Ratio Rank: 6363
Sortino Ratio Rank
PRNYX Omega Ratio Rank: 8383
Omega Ratio Rank
PRNYX Calmar Ratio Rank: 5050
Calmar Ratio Rank
PRNYX Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VNYUX vs. PRNYX - 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 T. Rowe Price New York Tax Free Bond Fund (PRNYX). 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.


VNYUXPRNYXDifference

Sharpe ratio

Return per unit of total volatility

0.86

1.33

-0.47

Sortino ratio

Return per unit of downside risk

1.17

1.78

-0.61

Omega ratio

Gain probability vs. loss probability

1.23

1.36

-0.12

Calmar ratio

Return relative to maximum drawdown

1.01

1.47

-0.46

Martin ratio

Return relative to average drawdown

3.27

4.98

-1.71

VNYUX vs. PRNYX - Sharpe Ratio Comparison

The current VNYUX Sharpe Ratio is 0.86, which is lower than the PRNYX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of VNYUX and PRNYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VNYUXPRNYXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

1.33

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

0.34

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.54

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

1.07

-0.14

Correlation

The correlation between VNYUX and PRNYX is 0.91, 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. PRNYX - Dividend Comparison

VNYUX's dividend yield for the trailing twelve months is around 3.70%, less than PRNYX's 6.58% yield.


TTM20252024202320222021202020192018201720162015
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%
PRNYX
T. Rowe Price New York Tax Free Bond Fund
6.58%6.19%3.22%3.33%2.15%2.46%2.86%2.90%3.24%3.19%3.34%3.43%

Drawdowns

VNYUX vs. PRNYX - Drawdown Comparison

The maximum VNYUX drawdown since its inception was -16.59%, smaller than the maximum PRNYX drawdown of -19.17%. Use the drawdown chart below to compare losses from any high point for VNYUX and PRNYX.


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Drawdown Indicators


VNYUXPRNYXDifference

Max Drawdown

Largest peak-to-trough decline

-16.59%

-19.17%

+2.58%

Max Drawdown (1Y)

Largest decline over 1 year

-5.55%

-5.50%

-0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-16.59%

-16.01%

-0.58%

Max Drawdown (10Y)

Largest decline over 10 years

-16.59%

-16.01%

-0.58%

Current Drawdown

Current decline from peak

-2.63%

-2.47%

-0.16%

Average Drawdown

Average peak-to-trough decline

-2.09%

-2.40%

+0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

1.62%

+0.09%

Volatility

VNYUX vs. PRNYX - Volatility Comparison

Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and T. Rowe Price New York Tax Free Bond Fund (PRNYX) have volatilities of 1.32% and 1.36%, 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.


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Volatility by Period


VNYUXPRNYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.32%

1.36%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

2.05%

2.14%

-0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

5.64%

5.75%

-0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.73%

4.55%

+0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.59%

4.18%

+0.41%