- ISIN
- US09254E1038
- CUSIP
- 09254E103
- Issuer
- BlackRock
- Inception Date
- Apr 13, 1992
- Category
- Municipal Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
MYI Performance Chart
BlackRock MuniYield Quality Fund III (MYI) is up 3.6% since the beginning of the year. MYI is currently trading at $11 per share. Investors who bought $1,000 worth of MYI shares 5 years ago would now be looking at an investment worth $965.
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Returns By Period
BlackRock MuniYield Quality Fund III (MYI) has returned 3.64% so far this year and 11.92% over the past 12 months. Over the last ten years, MYI has returned 1.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock MuniYield Quality Fund III
- 1D
- -0.46%
- 1M
- 2.86%
- YTD
- 3.64%
- 6M
- 4.31%
- 1Y
- 11.92%
- 3Y*
- 6.47%
- 5Y*
- -0.70%
- 10Y*
- 1.53%
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%
MYI Monthly Returns History
Based on dividend-adjusted daily data since Apr 21, 1992, MYI's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2009 with a return of +16.1%, while the worst month was Sep 2008 at -14.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 13 months.
On a daily basis, MYI closed higher 47% of trading days. The best single day was Oct 13, 2008 with a return of +15.2%, while the worst single day was Oct 8, 2008 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.18% | 1.31% | -6.10% | 3.27% | 2.37% | -0.13% | 3.64% | ||||||
| 2025 | 1.97% | 1.31% | -2.16% | -3.40% | -0.71% | 1.11% | -0.52% | 2.66% | 5.06% | 0.14% | -0.41% | -0.13% | 4.74% |
| 2024 | -2.62% | 1.83% | 0.75% | -4.15% | 0.50% | 2.80% | 2.19% | 2.34% | 4.11% | -5.64% | 3.70% | -4.61% | 0.55% |
| 2023 | 3.14% | -4.96% | 4.33% | -1.59% | -2.25% | 1.40% | 2.11% | -5.57% | -8.43% | 0.84% | 14.22% | 7.22% | 8.79% |
| 2022 | -8.44% | -0.57% | -5.89% | -5.49% | 2.57% | -2.88% | 5.43% | -5.16% | -9.36% | -3.37% | 11.49% | 0.91% | -20.52% |
| 2021 | 0.37% | -3.05% | 2.52% | 0.85% | 2.74% | 1.58% | 2.17% | -0.45% | -1.80% | -1.36% | 2.64% | 0.76% | 6.99% |
Benchmark Metrics
BlackRock MuniYield Quality Fund III has an annualized alpha of 2.82%, beta of 0.17, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since April 21, 1992.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.92%) than losses (16.19%) - typical of diversified or defensive assets.
- Beta of 0.17 may look defensive, but with R2 of 0.05 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 0.05 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
- 2.82%
- Beta
- 0.17
- R²
- 0.05
- Upside Capture
- 19.92%
- Downside Capture
- 16.19%
Expense Ratio
MYI has a high expense ratio of 2.16%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MYI ranks 26 for risk / return — below 26% 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 III (MYI) 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.
| MYI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.78 | -1.21 |
| Martin ratioReturn relative to average drawdown | 5.76 | 12.44 | -6.68 |
Dividends
Dividend History
BlackRock MuniYield Quality Fund III provided a 6.09% dividend yield over the last twelve months, with an annual payout of $0.67 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 | $0.67 | $0.67 | $0.67 | $0.50 | $0.59 | $0.62 | $0.56 | $0.53 | $0.60 | $0.81 | $0.85 | $0.89 |
Dividend yield | 6.09% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock MuniYield Quality Fund III. 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 | $0.33 | ||||||
| 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 | $0.67 |
| 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 | $0.67 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.50 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.59 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
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 III. 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 III was 43.90%, occurring on Oct 10, 2008. Recovery took 227 trading sessions.
The current BlackRock MuniYield Quality Fund III drawdown is 6.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -43.90%Oct 2008 | 1y 5mo | 10mo 29d | 2y 4moMay 2007 - Sep 2009 |
1994 bear market1994 | -35.36%Nov 1994 | 1y 27d | 4y 20d | 5y 1moOct 1993 - Nov 1998 |
Dot-com crash2000–2002 | -32.11%Mar 2000 | 1y 3mo | 2y 4mo | 3y 8moDec 1998 - Aug 2002 |
2023 bear market2023 | -31.84%Oct 2023 | 2y 1mo | — | 4y 10moAug 2021 - now |
COVID crash2020 | -25.91%Mar 2020 | 14d | 8mo 14d | 8mo 28dMar 2020 - Dec 2020 |
Drawdown Indicators
| MYI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -56.78% | +12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -9.10% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -18.90% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -25.43% | -6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -33.92% | +2.08% |
Current DrawdownCurrent decline from peak | -6.45% | -1.80% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -10.71% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.03% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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