VNYUX vs. VWAHX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
VNYUX is managed by Vanguard. It was launched on May 14, 2001. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYUX or VWAHX.
Key characteristics
| VNYUX | VWAHX | |
|---|---|---|
| YTD Return | 2.06% | 3.35% |
| 1Y Return | 9.61% | 11.05% |
| 3Y Return (Ann) | -0.58% | -0.42% |
| 5Y Return (Ann) | 1.18% | 1.64% |
| 10Y Return (Ann) | 2.41% | 3.12% |
| Sharpe Ratio | 2.33 | 2.66 |
| Sortino Ratio | 3.48 | 4.05 |
| Omega Ratio | 1.53 | 1.64 |
| Calmar Ratio | 0.89 | 0.95 |
| Martin Ratio | 10.25 | 13.26 |
| Ulcer Index | 0.95% | 0.84% |
| Daily Std Dev | 4.18% | 4.20% |
| Max Drawdown | -17.21% | -17.82% |
| Current Drawdown | -2.40% | -1.95% |
Correlation
The correlation between VNYUX and VWAHX is 0.90, 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. VWAHX - Performance Comparison
In the year-to-date period, VNYUX achieves a 2.06% return, which is significantly lower than VWAHX's 3.35% return. Over the past 10 years, VNYUX has underperformed VWAHX with an annualized return of 2.41%, while VWAHX has yielded a comparatively higher 3.12% 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. VWAHX - Expense Ratio Comparison
VNYUX has a 0.09% expense ratio, which is lower than VWAHX's 0.17% 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. VWAHX - 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 Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
VNYUX's dividend yield for the trailing twelve months is around 3.40%, less than VWAHX's 3.70% 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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
VNYUX vs. VWAHX - Drawdown Comparison
The maximum VNYUX drawdown since its inception was -17.21%, roughly equal to the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for VNYUX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
VNYUX vs. VWAHX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) have volatilities of 2.11% and 2.02%, 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.