VWIUX vs. NYF
VWIUX (Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares) and NYF (iShares New York Muni Bond ETF) are both Municipal Bonds funds. Over the past 10 years, VWIUX returned 2.47%/yr vs 1.83%/yr for NYF. At a 0.47 correlation, their price movements are largely independent. VWIUX charges 0.09%/yr vs 0.25%/yr for NYF.
Performance
VWIUX vs. NYF - Performance Comparison
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Returns By Period
In the year-to-date period, VWIUX achieves a 1.26% return, which is significantly lower than NYF's 1.63% return. Over the past 10 years, VWIUX has outperformed NYF with an annualized return of 2.47%, while NYF has yielded a comparatively lower 1.83% annualized return.
VWIUX
- 1D
- -0.07%
- 1M
- 0.50%
- YTD
- 1.26%
- 6M
- 1.76%
- 1Y
- 6.74%
- 3Y*
- 4.53%
- 5Y*
- 1.69%
- 10Y*
- 2.47%
NYF
- 1D
- 0.11%
- 1M
- 0.67%
- YTD
- 1.63%
- 6M
- 1.96%
- 1Y
- 6.74%
- 3Y*
- 3.29%
- 5Y*
- 0.85%
- 10Y*
- 1.83%
VWIUX vs. NYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 1.26% | 5.99% | 2.34% | 5.90% | -6.83% | 0.81% | 5.23% | 7.10% | 1.34% | 4.65% |
NYF iShares New York Muni Bond ETF | 1.63% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
Correlation
The correlation between VWIUX and NYF is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007 | 0.47 |
Over the past year, VWIUX and NYF have become more correlated (0.70) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
VWIUX vs. NYF — Risk / Return Rank
VWIUX
NYF
VWIUX vs. NYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) and iShares New York Muni Bond ETF (NYF). 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.
| VWIUX | NYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.53 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.45 | -0.14 |
| Martin ratioReturn relative to average drawdown | 7.71 | 8.79 | -1.08 |
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
| VWIUX | NYF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | 2.44 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.21 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.41 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.47 | +0.66 |
Drawdowns
VWIUX vs. NYF - Drawdown Comparison
The maximum VWIUX drawdown since its inception was -11.38%, smaller than the maximum NYF drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for VWIUX and NYF.
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Drawdown Indicators
| VWIUX | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.38% | -13.12% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.76% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.40% | -5.68% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -12.71% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -11.38% | -13.12% | +1.74% |
Current DrawdownCurrent decline from peak | -0.95% | -0.45% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -2.31% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.77% | +0.13% |
Volatility
VWIUX vs. NYF - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) is 0.88%, while iShares New York Muni Bond ETF (NYF) has a volatility of 0.96%. This indicates that VWIUX experiences smaller price fluctuations and is considered to be less risky than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWIUX | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.96% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 2.08% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 2.78% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.27% | 4.00% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 4.48% | -1.05% |
VWIUX vs. NYF - Expense Ratio Comparison
VWIUX has a 0.09% expense ratio, which is lower than NYF's 0.25% 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%.
Dividends
VWIUX vs. NYF - Dividend Comparison
VWIUX's dividend yield for the trailing twelve months is around 3.33%, more than NYF's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.33% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
Frequently Asked Questions
VWIUX and NYF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NYF has higher volatility (0.96%) compared to VWIUX (0.88%). In terms of maximum drawdown, VWIUX dropped -11.38% vs NYF's -13.12%.
VWIUX currently has the higher Sharpe Ratio (2.95 vs 2.44), 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.
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