- ISIN
- US09254F1003
- CUSIP
- 09254F100
- Issuer
- BlackRock
- Inception Date
- Jul 21, 1992
- Category
- Municipal Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MQY Performance Chart
BlackRock MuniYield Quality Fund (MQY) is up 4.4% since the beginning of the year. MQY is currently trading at $11 per share. Investors who bought $1,000 worth of MQY shares 5 years ago would now be looking at an investment worth $895.
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Returns By Period
BlackRock MuniYield Quality Fund (MQY) has returned 4.35% so far this year and 11.33% over the past 12 months. Over the last ten years, MQY has returned 1.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock MuniYield Quality Fund
- 1D
- 0.00%
- 1M
- 3.03%
- YTD
- 4.35%
- 6M
- 4.26%
- 1Y
- 11.33%
- 3Y*
- 5.88%
- 5Y*
- -2.19%
- 10Y*
- 1.34%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MQY Monthly Returns History
Based on dividend-adjusted daily data since Oct 27, 1994, MQY's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jan 2009 with a return of +17.9%, while the worst month was Sep 2008 at -13.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 14 months.
On a daily basis, MQY closed higher 47% of trading days. The best single day was Oct 13, 2008 with a return of +17.1%, while the worst single day was Oct 6, 2008 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.32% | 1.70% | -7.02% | 3.62% | 1.67% | 0.42% | 4.35% | ||||||
| 2025 | 3.64% | 2.10% | -2.50% | -4.36% | -0.56% | 1.35% | -0.83% | 1.53% | 5.76% | 0.50% | -1.57% | -0.46% | 4.28% |
| 2024 | 0.22% | 1.55% | 0.14% | -3.62% | 2.02% | 3.42% | 1.37% | 2.41% | 4.26% | -4.07% | 2.31% | -9.23% | -0.06% |
| 2023 | 6.28% | -4.44% | 1.66% | 0.11% | -3.79% | 2.60% | 2.89% | -6.14% | -7.39% | -2.42% | 15.26% | 7.36% | 10.20% |
| 2022 | -7.06% | -1.92% | -5.05% | -6.73% | 3.40% | -3.21% | 3.83% | -5.63% | -9.96% | -3.49% | 12.81% | -2.37% | -24.23% |
| 2021 | 5.19% | -7.29% | -0.10% | 0.83% | 4.61% | 1.35% | -0.53% | 1.52% | -3.15% | -0.11% | 0.01% | 0.88% | 2.67% |
Benchmark Metrics
BlackRock MuniYield Quality Fund has an annualized alpha of 4.08%, beta of 0.19, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since October 27, 1994.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (24.08%) than losses (15.44%) - typical of diversified or defensive assets.
- Beta of 0.19 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.08%
- Beta
- 0.19
- R²
- 0.06
- Upside Capture
- 24.08%
- Downside Capture
- 15.44%
Expense Ratio
MQY has a high expense ratio of 2.07%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MQY ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock MuniYield Quality Fund (MQY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MQY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.78 | -1.38 |
| Martin ratioReturn relative to average drawdown | 4.35 | 12.44 | -8.09 |
Dividends
Dividend History
BlackRock MuniYield Quality Fund provided a 6.08% dividend yield over the last twelve months, with an annual payout of $0.70 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $0.70 | $0.54 | $0.68 | $0.80 | $0.69 | $0.60 | $0.68 | $0.86 | $0.90 | $0.96 |
Dividend yield | 6.08% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock MuniYield Quality Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.35 | ||||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.70 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.70 |
| 2023 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.54 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.68 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.10 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.80 |
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 MuniYield Quality 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 MuniYield Quality Fund was 41.67%, occurring on Oct 10, 2008. Recovery took 200 trading sessions.
The current BlackRock MuniYield Quality Fund drawdown is 13.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -41.67%Oct 2008 | 8mo 27d | 9mo 22d | 1y 6moJan 2008 - Jul 2009 |
2023 bear market2023 | -35.97%Oct 2023 | 2y 8mo | — | 5y 4moFeb 2021 - now |
1999 bear market1999 | -29.33%Dec 1999 | 1y 20d | 1y 10mo | 2y 11moDec 1998 - Nov 2001 |
COVID crash2020 | -27.70%Mar 2020 | 1mo 9d | 3mo 17d | 4mo 26dFeb 2020 - Jul 2020 |
2013 bear market2013 | -25.49%Aug 2013 | 8mo 19d | 1y 5mo | 2y 2moNov 2012 - Jan 2015 |
Drawdown Indicators
| MQY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -56.78% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -9.10% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -18.90% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -35.44% | -25.43% | -10.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | -33.92% | -2.05% |
Current DrawdownCurrent decline from peak | -13.12% | -1.80% | -11.32% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -10.71% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.03% | +0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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