VWLUX vs. VNYTX
Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX).
VWLUX is managed by Vanguard. It was launched on Feb 12, 2001. VNYTX is managed by Vanguard. It was launched on Apr 7, 1986.
Performance
VWLUX vs. VNYTX - Performance Comparison
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VWLUX vs. VNYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | -0.40% | 4.90% | 2.54% | 7.65% | -10.35% | 1.89% | 6.29% | 8.87% | 0.99% | 6.56% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | -0.32% | 4.72% | 2.49% | 8.00% | -11.00% | 2.01% | 5.52% | 8.61% | 0.51% | 5.79% |
Returns By Period
In the year-to-date period, VWLUX achieves a -0.40% return, which is significantly lower than VNYTX's -0.32% return. Over the past 10 years, VWLUX has outperformed VNYTX with an annualized return of 2.62%, while VNYTX has yielded a comparatively lower 2.35% annualized return.
VWLUX
- 1D
- 0.37%
- 1M
- -2.28%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 4.08%
- 3Y*
- 3.82%
- 5Y*
- 1.18%
- 10Y*
- 2.62%
VNYTX
- 1D
- 0.28%
- 1M
- -2.27%
- YTD
- -0.32%
- 6M
- 1.17%
- 1Y
- 4.23%
- 3Y*
- 3.78%
- 5Y*
- 1.12%
- 10Y*
- 2.35%
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VWLUX vs. VNYTX - Expense Ratio Comparison
VWLUX has a 0.09% expense ratio, which is lower than VNYTX'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%.
Return for Risk
VWLUX vs. VNYTX — Risk / Return Rank
VWLUX
VNYTX
VWLUX vs. VNYTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX). 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.
| VWLUX | VNYTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.85 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.16 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.00 | +0.01 |
Martin ratioReturn relative to average drawdown | 3.17 | 3.22 | -0.05 |
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
| VWLUX | VNYTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.85 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.24 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.51 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 1.00 | -0.03 |
Correlation
The correlation between VWLUX and VNYTX 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.
Dividends
VWLUX vs. VNYTX - Dividend Comparison
VWLUX's dividend yield for the trailing twelve months is around 3.78%, more than VNYTX's 3.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 3.78% | 4.61% | 4.08% | 3.17% | 3.00% | 2.70% | 3.32% | 3.91% | 3.58% | 3.80% | 4.09% | 3.87% |
VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 3.65% | 4.44% | 3.93% | 2.85% | 2.86% | 2.75% | 3.43% | 3.52% | 3.44% | 3.64% | 3.82% | 3.36% |
Drawdowns
VWLUX vs. VNYTX - Drawdown Comparison
The maximum VWLUX drawdown since its inception was -15.94%, smaller than the maximum VNYTX drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for VWLUX and VNYTX.
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Drawdown Indicators
| VWLUX | VNYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -21.73% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -5.55% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -16.67% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -16.67% | +0.73% |
Current DrawdownCurrent decline from peak | -2.54% | -2.63% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -2.51% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.72% | -0.01% |
Volatility
VWLUX vs. VNYTX - Volatility Comparison
The current volatility for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) is 1.24%, while Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) has a volatility of 1.32%. This indicates that VWLUX experiences smaller price fluctuations and is considered to be less risky than VNYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWLUX | VNYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.32% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 2.04% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.63% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 4.73% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 4.58% | -0.09% |