VNYUX vs. VWLUX
Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX).
VNYUX is managed by Vanguard. It was launched on May 14, 2001. VWLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNYUX or VWLUX.
Performance
VNYUX vs. VWLUX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VNYUX having a 2.34% return and VWLUX slightly lower at 2.27%. Over the past 10 years, VNYUX has underperformed VWLUX with an annualized return of 2.43%, while VWLUX has yielded a comparatively higher 2.68% annualized return.
VNYUX
2.34%
1.40%
3.82%
7.51%
1.11%
2.43%
VWLUX
2.27%
1.22%
3.56%
7.33%
1.29%
2.68%
Key characteristics
| VNYUX | VWLUX | |
|---|---|---|
| Sharpe Ratio | 1.84 | 1.88 |
| Sortino Ratio | 2.72 | 2.78 |
| Omega Ratio | 1.41 | 1.42 |
| Calmar Ratio | 0.83 | 0.84 |
| Martin Ratio | 7.65 | 7.39 |
| Ulcer Index | 0.98% | 0.99% |
| Daily Std Dev | 4.07% | 3.90% |
| Max Drawdown | -17.21% | -16.38% |
| Current Drawdown | -2.13% | -2.02% |
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VNYUX vs. VWLUX - Expense Ratio Comparison
Both VNYUX and VWLUX 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%.
Correlation
The correlation between VNYUX and VWLUX is 0.92, 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.
Risk-Adjusted Performance
VNYUX vs. VWLUX - 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 Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). 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. VWLUX - Dividend Comparison
VNYUX's dividend yield for the trailing twelve months is around 3.39%, which matches VWLUX's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares | 3.39% | 3.16% | 2.94% | 2.51% | 2.73% | 3.02% | 3.30% | 3.26% | 3.38% | 3.34% | 3.50% | 3.69% |
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.41% | 3.17% | 2.99% | 2.63% | 2.85% | 3.23% | 3.54% | 3.55% | 3.75% | 3.73% | 3.88% | 4.14% |
Drawdowns
VNYUX vs. VWLUX - Drawdown Comparison
The maximum VNYUX drawdown since its inception was -17.21%, which is greater than VWLUX's maximum drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for VNYUX and VWLUX. For additional features, visit the drawdowns tool.
Volatility
VNYUX vs. VWLUX - Volatility Comparison
Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) has a higher volatility of 1.81% compared to Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) at 1.65%. This indicates that VNYUX's price experiences larger fluctuations and is considered to be riskier than VWLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.