Nuveen New York Municipal Value Fund (NNY)

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The chart shows the growth of an initial investment of $10,000 in Nuveen New York Municipal Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Nuveen New York Municipal Value Fund (NNY) has returned -1.49% so far this year and 5.48% over the past 12 months. Over the last ten years, NNY has returned 1.86% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 7, 1987, NNY's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, your investment would double in approximately 18.7 years.

Historically, 56% of months were positive and 44% were negative. The best month was Nov 1987 with a return of +10.4%, while the worst month was Mar 1994 at -12.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, NNY closed higher 42% of trading days. The best single day was Oct 10, 2008 with a return of +17.5%, while the worst single day was Oct 9, 2008 at -13.0%.

Nuveen New York Municipal Value Fund has an annualized alpha of 3.46%, beta of 0.09, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 08, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.07%) than losses (13.76%) — typical of diversified or defensive assets.
• Beta of 0.09 may look defensive, but with R² of 0.01 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 0.01 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.

NNY has an expense ratio of 0.03%, which is considered low.

NNY 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.

The table below present risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) and compare them to a chosen benchmark (S&P 500 Index).

Nuveen New York Municipal Value Fund provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.

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

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.

The table below displays the maximum drawdowns of the Nuveen New York Municipal Value 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 Nuveen New York Municipal Value Fund was 36.62%, occurring on Dec 8, 1999. Recovery took 1334 trading sessions.

The current Nuveen New York Municipal Value Fund drawdown is 4.84%.

The chart below shows the rolling one-month volatility.