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BlackRock New York Municipal Opportunities Fund (M...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BlackRock New York Municipal Opportunities Fund (MANKX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

Under normal circumstances, the fund will invest at least 80% of its assets in investment grade New York municipal bonds. Municipal bonds also include short-term tax-exempt obligations, like municipal notes, variable rate demand obligations, private activity bonds and insured municipal bonds. The fund seeks to maintain an average portfolio duration of zero to ten years.

Fund Info

ISIN

US09253A7634

CUSIP

09253A763

Issuer

Blackrock

Inception Date

Oct 24, 1988

Category

Municipal Bonds

Min. Investment

$2,000,000

Asset Class

Bond

Expense Ratio

MANKX has an expense ratio of 0.56%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock New York Municipal Opportunities Fund

Performance

Performance Chart

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S&P 500

Returns By Period

BlackRock New York Municipal Opportunities Fund (MANKX) returned -2.14% year-to-date (YTD) and 0.86% over the past 12 months. Over the past 10 years, MANKX returned 2.44% annually, underperforming the S&P 500 benchmark at 10.85%.

MANKX

YTD

-2.14%

1M

-0.37%

6M

-3.41%

1Y

0.86%

3Y*

1.98%

5Y*

1.94%

10Y*

2.44%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of MANKX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.48%0.86%-1.86%-0.75%-0.87%-2.14%
2024-0.11%0.47%0.27%-1.23%0.29%2.00%0.94%0.37%0.65%-1.67%2.08%-1.66%2.35%
20232.87%-1.64%1.13%-0.04%-0.41%0.45%0.36%-1.27%-2.56%-1.03%7.13%1.98%6.84%
2022-2.23%-0.33%-3.18%-2.62%1.27%-2.39%2.46%-1.94%-2.85%-1.03%4.11%0.35%-8.35%
20211.72%-1.03%1.36%1.08%0.72%0.63%0.46%-0.32%-0.59%-0.06%0.90%0.55%5.53%
20201.42%0.54%-7.95%-3.06%3.59%1.34%1.41%-0.06%-0.16%-0.06%2.43%1.31%0.23%
20190.45%1.26%1.07%1.23%0.49%0.23%0.92%0.65%-0.39%0.04%0.39%0.56%7.11%
2018-0.47%-0.02%0.06%-0.03%1.13%0.16%0.25%-0.02%-0.19%-0.73%0.80%0.06%1.01%
20170.37%0.56%0.82%0.27%1.71%0.00%0.79%0.26%0.44%0.16%-0.19%1.59%6.97%
20160.36%-0.44%1.08%1.24%0.87%1.92%-0.44%0.68%-0.36%-0.88%-4.32%1.67%1.24%
20151.83%-1.55%0.31%-0.69%-0.05%0.30%0.58%0.38%0.39%0.75%1.01%1.28%4.59%
20142.72%1.31%0.73%1.66%1.64%0.24%0.43%2.00%0.32%0.86%0.13%0.94%13.74%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MANKX is 13, meaning it’s performing worse than 87% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of MANKX is 1313
Overall Rank
The Sharpe Ratio Rank of MANKX is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of MANKX is 1010
Sortino Ratio Rank
The Omega Ratio Rank of MANKX is 1111
Omega Ratio Rank
The Calmar Ratio Rank of MANKX is 1414
Calmar Ratio Rank
The Martin Ratio Rank of MANKX is 1313
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for BlackRock New York Municipal Opportunities Fund (MANKX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

BlackRock New York Municipal Opportunities Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.13
  • 5-Year: 0.45
  • 10-Year: 0.56
  • All Time: 1.10

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of BlackRock New York Municipal Opportunities Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

BlackRock New York Municipal Opportunities Fund provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.

2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.37$0.36$0.33$0.30$0.28$0.28$0.31$0.47$0.35$0.35$0.39$0.42

Dividend yield

3.60%3.38%3.08%2.87%2.38%2.47%2.74%4.28%3.10%3.20%3.52%3.81%

Monthly Dividends

The table displays the monthly dividend distributions for BlackRock New York Municipal Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.13
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2022$0.02$0.02$0.02$0.03$0.02$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.30
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.28
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.31
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.17$0.47
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2015$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.42

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the BlackRock New York Municipal Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock New York Municipal Opportunities Fund was 15.74%, occurring on Dec 15, 2008. Recovery took 177 trading sessions.

The current BlackRock New York Municipal Opportunities Fund drawdown is 3.95%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-15.74%Jan 24, 2008226Dec 15, 2008177Aug 28, 2009403
-14.46%Feb 28, 202017Mar 23, 2020218Feb 2, 2021235
-14.25%Oct 19, 1993284Nov 18, 1994248Nov 1, 1995532
-13.09%Jan 4, 2022205Oct 26, 2022410Jun 14, 2024615
-11.82%Dec 10, 2012186Sep 5, 2013205Jun 30, 2014391
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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