VNYUX vs. VDE

Last updated Jun 5, 2026

VNYUX (Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares) and VDE (Vanguard Energy ETF) are both funds - VNYUX is a Municipal Bonds fund managed by Vanguard, while VDE is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Over the past 10 years, VNYUX returned 2.54%/yr vs 9.47%/yr for VDE. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.09% expense ratio.

Performance

VNYUX vs. VDE - 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 Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNYUX achieves a 2.14% return, which is significantly lower than VDE's 32.48% return. Over the past 10 years, VNYUX has underperformed VDE with an annualized return of 2.54%, while VDE has yielded a comparatively higher 9.47% annualized return.

VNYUX

• 1D: 0.00%
• 1M: 0.78%
• YTD: 2.14%
• 6M: 2.55%
• 1Y: 8.50%
• 3Y*: 4.77%
• 5Y*: 1.27%
• 10Y*: 2.54%

VDE

• 1D: 0.18%
• 1M: -1.99%
• YTD: 32.48%
• 6M: 28.99%
• 1Y: 48.54%
• 3Y*: 18.32%
• 5Y*: 20.47%
• 10Y*: 9.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VNYUX vs. VDE - 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	2.14%	4.79%	2.58%	8.05%	-10.92%	2.09%	5.60%	8.71%	0.59%	5.89%
VDE Vanguard Energy ETF	32.48%	7.11%	6.75%	0.03%	62.89%	56.31%	-33.02%	9.28%	-19.95%	-2.50%

Correlation

The correlation between VNYUX and VDE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.09
Correlation (5Y) Calculated over the trailing 5-year period	-0.09
Correlation (10Y) Calculated over the trailing 10-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004	-0.14

The correlation between VNYUX and VDE shifts across timeframes, from -0.23 (1 year) to -0.09 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VNYUX vs. VDE — Risk / Return Rank

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

VNYUX

VNYUX Risk / Return Rank: 74
VNYUX Sharpe Ratio Rank: 84
VNYUX Sortino Ratio Rank: 88
VNYUX Omega Ratio Rank: 90
VNYUX Calmar Ratio Rank: 57
VNYUX Martin Ratio Rank: 49

VDE

VDE Risk / Return Rank: 71
VDE Sharpe Ratio Rank: 75
VDE Sortino Ratio Rank: 68
VDE Omega Ratio Rank: 65
VDE Calmar Ratio Rank: 81
VDE Martin Ratio Rank: 67

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. VDE - 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 Vanguard Energy ETF (VDE). 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	VDE	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.41	+0.34
Sortino ratio: Return per unit of downside risk	4.33	3.06	+1.27
Omega ratio: Gain probability vs. loss probability	1.66	1.39	+0.27
Calmar ratio: Return relative to maximum drawdown	2.87	4.13	-1.26
Martin ratio: Return relative to average drawdown	10.11	12.11	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNYUX vs. VDE - Sharpe Ratio Comparison

The current VNYUX Sharpe Ratio is 2.75, which is comparable to the VDE Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VNYUX and VDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VNYUX	VDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.41	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.78	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.32	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.28	+0.67

Drawdowns

VNYUX vs. VDE - Drawdown Comparison

The maximum VNYUX drawdown since its inception was -16.59%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for VNYUX and VDE.

Drawdown Indicators

	VNYUX	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-74.20%	+57.61%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-11.80%	+8.72%
Max Drawdown (3Y) Largest decline over 3 years	-7.10%	-21.41%	+14.31%
Max Drawdown (5Y) Largest decline over 5 years	-16.59%	-26.58%	+9.99%
Max Drawdown (10Y) Largest decline over 10 years	-16.59%	-69.29%	+52.70%
Current Drawdown Current decline from peak	-0.23%	-6.27%	+6.04%
Average Drawdown Average peak-to-trough decline	-2.09%	-19.96%	+17.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	4.02%	-3.15%

Volatility

VNYUX vs. VDE - Volatility Comparison

The current volatility for Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) is 1.26%, while Vanguard Energy ETF (VDE) has a volatility of 7.99%. This indicates that VNYUX experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNYUX	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	7.99%	-6.73%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	16.27%	-13.83%
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	20.34%	-17.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.78%	26.40%	-21.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.61%	29.93%	-25.32%

VNYUX vs. VDE - Expense Ratio Comparison

Both VNYUX and VDE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VNYUX vs. VDE - Dividend Comparison

VNYUX's dividend yield for the trailing twelve months is around 3.70%, more than VDE's 2.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDE Vanguard Energy ETF	2.37%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%
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%

Frequently Asked Questions

Can I hold both VNYUX and VDE in my portfolio?

VNYUX and VDE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNYUX or VDE?

VDE has higher volatility (7.99%) compared to VNYUX (1.26%). In terms of maximum drawdown, VNYUX dropped -16.59% vs VDE's -74.20%.

Which has better risk-adjusted returns?

VNYUX currently has the higher Sharpe Ratio (2.75 vs 2.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.