NYF vs VOO
iShares New York Municipal Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NYF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $1.4B | $979.0B | |
| Dividend Yield | 3.08% | 1.09% | |
| Holdings | 894 | 509 | |
| YTD Return | +0.43% | +13.79% | |
| 1Y Return | +4.69% | +23.01% | |
| 3Y Return (annualized) | +3.03% | +21.78% | |
| 5Y Return (annualized) | +0.55% | +13.39% | |
| Volatility (annualized) | 5.7% | 14.1% | |
| Max Drawdown | -13.2% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 4, 2007 | Sep 7, 2010 |
NYF vs VOO Performance
iShares New York Municipal Bond ETF (NYF) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NYF returned +4.69% while VOO returned +23.01%. Year to date, NYF is up 0.43% versus a gain of 13.79% for VOO.
Over three years, NYF compounded at +3.03% per year against +21.78% for VOO; over five years the annualized figures are +0.55% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs +0.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.7% for NYF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for NYF and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NYF charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, NYF currently yields 3.08% against 1.09% for VOO.
Holdings Overlap
NYF and VOO share 0 holdings out of 707 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NYF or VOO?
NYF has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, NYF or VOO?
Over the past year NYF returned +4.69% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NYF annualized +0.96% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, NYF or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.7% for NYF. Worst drawdown: NYF -13.2% vs VOO -34.3%.
Should I hold both NYF and VOO?
NYF and VOO have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NYF and VOO?
NYF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 707 unique securities.
Which pays a higher dividend, NYF or VOO?
NYF yields 3.08% while VOO yields 1.09%, so NYF currently pays the higher dividend yield.
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