MUNY vs FRA

Comparison between VANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES (MUNY, ETF) and Blackrock Floating Rate Income Strategies Fund Inc (FRA, ETF).

MUNY vs FRA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUNY(ETF)	FRA(ETF)
Net Assets	$411M	$409M
Expense Ratio	0.09%	N/A
Max Drawdown	2.96%	61.81%
Sharpe Ratio	0.92	-0.77
5Y Beta	0.06	0.39
5Y Dividends CAGR	N/A	11.53%

Net Assets

Winner

MUNY

$411M

FRA

$409M

Expense Ratio

MUNY

0.09%

FRA

N/A

Max Drawdown

Winner

MUNY

2.96%

FRA

61.81%

Sharpe Ratio

Winner

MUNY

0.92

FRA

-0.77

5Y Beta

Winner

MUNY

0.06

FRA

0.39

5Y Dividends CAGR

MUNY

N/A

FRA

11.53%

MUNY vs FRA - Historical Returns

Returns include dividend reinvestment.

Period	MUNY	FRA
1 month	+1.41%	-0.33%
3 months	+1.90%	+3.91%
6 months	+1.78%	-0.56%
1 year	+6.39%	-4.46%
5 years(CAGR)	N/A	+6.56%
10 years(CAGR)	N/A	+6.44%
Max(CAGR)	+6.73%	+5.11%

Winner

MUNY

+1.41%

FRA

-0.33%

MUNY

+1.90%

Winner

FRA

+3.91%

Winner

MUNY

+1.78%

FRA

-0.56%

Winner

MUNY

+6.39%

FRA

-4.46%

5Y(CAGR)

MUNY

N/A

FRA

+6.56%

10Y(CAGR)

MUNY

N/A

FRA

+6.44%

Max(CAGR)

Winner

MUNY

+6.73%

FRA

+5.11%

MUNY vs FRA - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	MUNY	FRA
2026	+1.53%	-1.15%
2025	+5.54%	-3.57%
2024	N/A	+21.71%
2023	N/A	+24.07%
2022	N/A	-10.11%
2021	N/A	+19.27%
2020	N/A	-2.72%
2019	N/A	+18.72%
2018	N/A	-9.21%
2017	N/A	+0.49%
2016	N/A	+18.78%
2015	N/A	+2.35%
2014	N/A	-2.22%
2013	N/A	+1.55%
2012	N/A	+20.31%
2011	N/A	-4.69%
2010	N/A	+11.74%
2009	N/A	+66.49%
2008	N/A	-38.85%
2007	N/A	-3.77%
2006	N/A	+14.89%
2005	N/A	-2.46%
2004	N/A	+0.22%
2003	N/A	-1.38%

MUNY vs FRA Drawdown Comparison

The maximum drawdown for MUNY was -2.70%, occurring on Mar 24, 2026. This drawdown has not yet recovered.

The maximum drawdown for FRA was -51.41%, occurring on Dec 15, 2008. Recovery took 655 trading sessions.

The current MUNY drawdown is -0.29%. The current FRA drawdown is -9.66%.

Rank	MUNY	FRA
#1	-2.70% Feb 27, 2026 - Mar 24, 2026	-51.41% Jun 19, 2007 - Jan 25, 2010
#2	-1.98% Jun 4, 2025 - Sep 5, 2025	-42.81% Jan 22, 2020 - Jan 14, 2021
#3	-0.49% May 27, 2025 - Jun 4, 2025	-21.89% Jun 2, 2011 - Aug 30, 2012
#4	-0.35% Nov 11, 2025 - Dec 23, 2025	-20.14% Apr 26, 2010 - May 12, 2011
#5	-0.35% Jan 14, 2026 - Feb 2, 2026	-18.78% Dec 16, 2024 - Aug 26, 2025
#6	-0.30% Sep 17, 2025 - Oct 6, 2025	-18.63% Feb 9, 2022 - Jul 14, 2023
#7	-0.24% Oct 27, 2025 - Nov 11, 2025	-15.86% May 2, 2018 - Dec 9, 2019
#8	-0.11% Feb 19, 2026 - Feb 23, 2026	-15.46% Aug 28, 2025 - Mar 27, 2026
#9	-0.10% Feb 9, 2026 - Feb 12, 2026	-14.87% May 24, 2013 - Sep 8, 2016
#10	-0.08% Feb 24, 2026 - Feb 26, 2026	-10.36% Mar 9, 2005 - Sep 5, 2006
#11	-0.07% Dec 30, 2025 - Jan 2, 2026	-7.92% Sep 22, 2023 - Dec 13, 2023
#12	-0.07% Dec 24, 2025 - Dec 30, 2025	-7.28% Jul 26, 2024 - Oct 4, 2024
#13	-0.06% Oct 13, 2025 - Oct 15, 2025	-6.18% Mar 11, 2010 - Apr 13, 2010
#14	-0.04% Oct 21, 2025 - Oct 24, 2025	-5.84% Oct 25, 2012 - Dec 21, 2012
#15	-0.03% Sep 11, 2025 - Sep 15, 2025	-5.65% Mar 26, 2013 - May 22, 2013

Correlation

Correlation between MUNY and FRA is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101

Dividend Comparison (2003 - 2026)

MUNY vs FRA dividend yield comparison.

Year	MUNY	FRA
2026	1.31%	6.82%
2025	1.80%	12.61%
2024	0.00%	10.80%
2023	0.00%	10.44%
2022	0.00%	6.88%
2021	0.00%	5.96%
2020	0.00%	7.61%
2019	0.00%	6.44%
2018	0.00%	6.90%
2017	0.00%	5.31%
2016	0.00%	5.65%
2015	0.00%	6.17%
2014	0.00%	6.24%
2013	0.00%	6.38%
2012	0.00%	6.81%
2011	0.00%	6.92%
2010	0.00%	6.33%
2009	0.00%	7.77%
2008	0.00%	16.85%
2007	0.00%	9.50%
2006	0.00%	8.09%
2005	0.00%	7.49%
2004	0.00%	5.12%
2003	0.00%	0.38%