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 | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NNY vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NNY vs MMD |
Best Risk-Adjusted Alternatives to NNY
NNY has a PortfoliosLab risk / return rank of 25. There are 482 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NNY vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NNY vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NNY vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NNY vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NNY vs DFSMX |
Top Performing NNY Alternatives (YTD)
NNY is at 3.58% YTD. There are 25 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 16.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 16.24% | — | Jan 1993 | NNY vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 10.49% | — | — | NNY vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 10.21% | — | — | NNY vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | NNY vs NRK | |
| Nuveen Arizona Quality Municipal Income Fund | 8.81% | — | Nov 1992 | NNY vs NAZ |
Lowest Volatility Alternatives to NNY
NNY has 10.25% 1-year volatility. There are 488 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | NNY vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NNY vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NNY vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NNY vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NNY vs DFSMX |
Lowest Drawdown Alternatives to NNY
NNY has a 1-year max drawdown of -6.97%. There are 481 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 | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NNY vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NNY vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NNY vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NNY vs FHMIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 11 categories.
Often Compared With NNY
Investors most often compare NNY with MUNY, MYN, NMS. These 9 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard New York Tax-Exempt Bond ETF | Municipal Bonds | 69 | 1.81% | — | May 2025 | NNY vs MUNY | |
| BlackRock MuniYield New York Quality Fund | Municipal Bonds | 35 | 4.48% | — | Feb 1992 | NNY vs MYN | |
| Nuveen Minnesota Quality Municipal Income Fund | Municipal Bonds | 53 | 5.79% | — | Jun 1993 | NNY vs NMS | |
| Nuveen California Municipal Value Fund | Municipal Bonds | 18 | 4.54% | — | Oct 1987 | NNY vs NCA | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 27 | 6.33% | — | Mar 1993 | NNY vs NPV | |
| Nuveen Real Estate Securities Fund | REIT | 23 | 13.17% | — | Jun 1995 | NNY vs FARCX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 81 | 19.73% | — | Dec 1987 | NNY vs FASEX | |
| Nuveen Municipal Income Fund, Inc. | Municipal Bonds | 11 | 8.28% | — | Apr 1998 | NNY vs NMI | |
| Nuveen Equity Long/Short Fund | Long-Short | 58 | 8.44% | — | Dec 2008 | NNY vs NELIX |
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