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 33. There are 481 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 | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | NNY vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NNY vs ATOIX | |
| 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 3.46% YTD. There are 31 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 16.33%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 16.33% | — | Jan 1993 | NNY vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 13.39% | — | — | NNY vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 11.28% | — | — | NNY vs RFMZ | |
| Nuveen Municipal Income Fund, Inc. | 11.06% | — | Apr 1998 | NNY vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.21% | — | Nov 2002 | NNY vs NRK |
Lowest Volatility Alternatives to NNY
NNY has 10.45% 1-year volatility. There are 486 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | 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 | 0.57% | — | Apr 2007 | NNY vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | NNY vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NNY vs USMTX |
Lowest Drawdown Alternatives to NNY
NNY has a 1-year max drawdown of -6.97%. There are 480 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 | |
| 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 | |
| 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.
Often Compared With NNY
Investors most often compare NNY with MUNY, MYN, DNYMX. These 12 comparison targets span 5 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