MUNY vs CMBS
Comparison between VANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES (MUNY, ETF) and ISHARES CMBS ETF (CMBS, ETF).
MUNY vs CMBS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
MUNY
$473M
CMBS
$473M
Expense Ratio
Winner
MUNY
0.09%
CMBS
0.25%
Max Drawdown
Winner
MUNY
3.38%
CMBS
20.92%
Sharpe Ratio
Winner
MUNY
0.10
CMBS
-0.33
5Y Beta
MUNY
0.07
Winner
CMBS
0.01
5Y Dividends CAGR
MUNY
N/A
CMBS
2.20%
MUNY vs CMBS - Historical Returns
Returns include dividend reinvestment.
1M
MUNY
-0.31%
Winner
CMBS
+0.47%
3M
MUNY
-0.74%
Winner
CMBS
+0.44%
6M
MUNY
-1.81%
Winner
CMBS
-1.16%
1Y
Winner
MUNY
+4.10%
CMBS
+2.45%
5Y(CAGR)
MUNY
N/A
CMBS
+0.77%
10Y(CAGR)
MUNY
N/A
CMBS
+1.93%
Max(CAGR)
Winner
MUNY
+4.48%
CMBS
+2.38%
MUNY vs CMBS - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | MUNY | CMBS |
|---|---|---|
| 2026 | -0.01% | +0.62% |
| 2025 | +5.54% | +7.26% |
| 2024 | N/A | +4.46% |
| 2023 | N/A | +5.03% |
| 2022 | N/A | -10.84% |
| 2021 | N/A | -1.82% |
| 2020 | N/A | +7.84% |
| 2019 | N/A | +7.93% |
| 2018 | N/A | +1.05% |
| 2017 | N/A | +3.29% |
| 2016 | N/A | +3.06% |
| 2015 | N/A | +0.69% |
| 2014 | N/A | +2.56% |
| 2013 | N/A | +0.39% |
| 2012 | N/A | +4.54% |
MUNY vs CMBS Drawdown Comparison
The maximum drawdown for MUNY was -2.70%, occurring on Mar 24, 2026. Recovery took 83 trading sessions.
The maximum drawdown for CMBS was -15.87%, occurring on Nov 3, 2022. Recovery took 1014 trading sessions.
The current MUNY drawdown is -2.04%. The current CMBS drawdown is -1.16%.
| Rank | MUNY | CMBS |
|---|---|---|
| #1 | -2.70% Feb 27, 2026 - Jun 29, 2026 | -15.87% Jul 20, 2021 - Aug 4, 2025 |
| #2 | -2.14% Jul 6, 2026 - Jul 23, 2026 | -9.89% Mar 9, 2020 - Jul 30, 2020 |
| #3 | -1.98% Jun 4, 2025 - Sep 5, 2025 | -4.94% Sep 7, 2016 - Sep 5, 2017 |
| #4 | -0.49% May 27, 2025 - Jun 4, 2025 | -3.82% Sep 7, 2017 - Jan 3, 2019 |
| #5 | -0.35% Nov 11, 2025 - Dec 23, 2025 | -3.33% May 21, 2013 - Apr 14, 2014 |
| #6 | -0.35% Jan 14, 2026 - Feb 2, 2026 | -2.55% Jan 29, 2021 - Jul 20, 2021 |
| #7 | -0.30% Sep 17, 2025 - Oct 6, 2025 | -2.44% Feb 27, 2026 - Mar 27, 2026 |
| #8 | -0.24% Oct 27, 2025 - Nov 11, 2025 | -2.20% Feb 2, 2015 - Oct 14, 2015 |
| #9 | -0.11% Feb 19, 2026 - Feb 23, 2026 | -2.05% Oct 14, 2015 - Jan 20, 2016 |
| #10 | -0.10% Feb 9, 2026 - Feb 12, 2026 | -2.04% Sep 4, 2019 - Jan 27, 2020 |
| #11 | -0.08% Feb 24, 2026 - Feb 26, 2026 | -1.84% Feb 11, 2016 - Apr 1, 2016 |
| #12 | -0.07% Dec 30, 2025 - Jan 2, 2026 | -1.82% Jul 3, 2012 - Jul 25, 2012 |
| #13 | -0.07% Dec 24, 2025 - Dec 30, 2025 | -1.60% Mar 7, 2012 - Jun 26, 2012 |
| #14 | -0.06% Oct 13, 2025 - Oct 15, 2025 | -1.54% Oct 2, 2020 - Dec 11, 2020 |
| #15 | -0.04% Oct 21, 2025 - Oct 24, 2025 | -1.38% Nov 28, 2014 - Jan 7, 2015 |
Correlation
Correlation between MUNY and CMBS is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2012 - 2026)
MUNY vs CMBS dividend yield comparison.
| Year | MUNY | CMBS |
|---|---|---|
| 2026 | 1.89% | 2.13% |
| 2025 | 1.80% | 3.45% |
| 2024 | 0.00% | 3.31% |
| 2023 | 0.00% | 2.97% |
| 2022 | 0.00% | 2.65% |
| 2021 | 0.00% | 2.46% |
| 2020 | 0.00% | 2.83% |
| 2019 | 0.00% | 2.74% |
| 2018 | 0.00% | 2.70% |
| 2017 | 0.00% | 2.50% |
| 2016 | 0.00% | 2.29% |
| 2015 | 0.00% | 2.31% |
| 2014 | 0.00% | 2.15% |
| 2013 | 0.00% | 2.00% |
| 2012 | 0.00% | 2.22% |
Select Stocks to Compare
Popular: MUNY vs SPYCMBS vs SPY
More Comparisons
Compare with similar stocks