Nuveen New York Municipal Value Fund (NNY)

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

Nuveen New York Municipal Value Fund (NNY) is up 3.6% since the beginning of the year. NNY is currently trading at $9 per share. Investors who bought $1,000 worth of NNY shares 5 years ago would now be looking at an investment worth $1,052.

Nuveen New York Municipal Value Fund (NNY) has returned 3.58% so far this year and 12.43% over the past 12 months. Over the last ten years, NNY has returned 1.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% 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 +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 57% of months were positive and 43% 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 3.54%, beta of 0.10, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 07, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.08%) than losses (13.44%) - typical of diversified or defensive assets.
• Beta of 0.10 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 25 for risk / return — below 25% 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.

Nuveen New York Municipal Value Fund provided a 4.07% 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 Jan 21, 2000. Recovery took 1304 trading sessions.

The current Nuveen New York Municipal Value Fund drawdown is 0.11%.

The chart below shows the rolling one-month volatility.