Nuveen New York Municipal Value Fund (NNY) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NNY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NNY
NNY charges 0.03% annually. There are 5 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | NNY vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NNY vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NNY vs EIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NNY vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NNY vs NIM |
Best Risk-Adjusted Alternatives to NNY
NNY has a PortfoliosLab risk / return rank of 18. There are 490 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | NNY vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | NNY vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NNY vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | NNY vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | NNY vs TFCYX |
Top Performing NNY Alternatives (YTD)
NNY is at -1.45% YTD. There are 495 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.79%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.79% | — | Jan 1993 | NNY vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 13.89% | — | — | NNY vs RMI | |
| Nuveen Municipal Income Fund, Inc. | 11.94% | — | Apr 1998 | NNY vs NMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 7.65% | — | — | NNY vs RFMZ | |
| BlackRock MuniYield Michigan Quality Fund | 7.21% | — | Oct 1992 | NNY vs MIY |
Lowest Volatility Alternatives to NNY
NNY has 10.68% 1-year volatility. There are 487 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | NNY vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NNY vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NNY vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.63% | — | May 2016 | NNY vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.65% | — | May 2016 | NNY vs USMTX |
Lowest Drawdown Alternatives to NNY
NNY has a 1-year max drawdown of -6.97%. There are 477 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | NNY vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NNY vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NNY vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NNY vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | NNY vs DFABX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 63 | 9.70% | — | Jul 1999 | NNY vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 58 | 8.38% | — | Jan 2007 | NNY vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 12 | -0.33% | — | Oct 2002 | NNY vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 24 | 6.80% | — | Nov 2005 | NNY vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 1.97% | — | Jun 2003 | NNY vs JQC | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 89 | 1.87% | — | Jun 1999 | NNY vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 73 | 0.35% | — | Dec 2006 | NNY vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 30 | 5.28% | — | Mar 2006 | NNY vs NSBRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock | 12 | 0.17% | — | Mar 2003 | NNY vs JPC | |
| Nuveen Flexible Income Fund | Diversified Portfolio | 96 | 4.79% | — | Dec 2009 | NNY vs NWQIX |
Often Compared With NNY
Investors most often compare NNY with MUNY, MYN, DNYMX. These 14 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare NNY with Any Fund or Stock
Compare NNY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NNY with funds that move differently
Nuveen New York Municipal Value Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NNY.
Explore NNY Diversifiers