NRK Alternatives & Similar Mutual Funds

Nuveen New York AMT Free Quality Municipal Income (NRK) 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 NRK. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NRK

NRK charges 2.16% annually. There are 469 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	NRK vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	NRK vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	NRK vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	NRK vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	NRK vs FSMUX

Best Risk-Adjusted Alternatives to NRK

NRK has a PortfoliosLab risk / return rank of 89. There are 58 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	NRK vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	NRK vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NRK vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	NRK vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	NRK vs FHMIX

Top Performing NRK Alternatives (YTD)

NRK is at 10.93% YTD. There is 1 mutual fund in the Municipal Bonds category with a higher YTD return, going as high as 10.97%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	10.97%	—	Apr 1998	NRK vs NMI
MIY	BlackRock MuniYield Michigan Quality Fund	8.42%	—	Oct 1992	NRK vs MIY
AFB	AllianceBernstein National Municipal Income Fund	7.33%	—	Nov 2001	NRK vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	7.11%	—	Feb 1998	NRK vs MUC
NPV	Nuveen Virginia Quality Municipal Income Fund	6.89%	—	Mar 1993	NRK vs NPV

Lowest Volatility Alternatives to NRK

NRK has 8.46% 1-year volatility. There are 460 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.55%	—	Apr 2022	NRK vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.56%	—	Aug 2002	NRK vs DFSMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	NRK vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	NRK vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	NRK vs USMTX

Lowest Drawdown Alternatives to NRK

NRK has a 1-year max drawdown of -5.32%. There are 455 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	NRK vs BATVX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NRK vs FHMIX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NRK vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	NRK vs TFCYX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	-0.11%	—	Apr 2022	NRK 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
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	61	10.75%	—	Jul 1999	NRK vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	67	11.69%	—	Jan 2007	NRK vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	16	3.21%	—	Oct 2002	NRK vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	23	8.01%	—	Nov 2005	NRK vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	82	3.74%	—	Jun 1999	NRK vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.98%	—	Jun 2003	NRK vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	17	3.61%	—	Mar 2006	NRK vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.92%	—	Dec 2006	NRK vs NPSRX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	82	2.42%	—	Jan 2013	NRK vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	12	6.35%	—	May 2009	NRK vs NVLIX

Often Compared With NRK

Investors most often compare NRK with BMN, MYI, DMREX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	11	-0.01%	—	Oct 2022	NRK vs BMN
MYI	BlackRock MuniYield Quality Fund III	Municipal Bonds	36	4.96%	—	Apr 1992	NRK vs MYI
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	95	2.24%	—	Nov 2014	NRK vs DMREX
COLTX	Columbia Tax-Exempt Fund	Municipal Bonds	83	2.56%	—	Nov 1978	NRK vs COLTX
DMTFX	Delaware Tax Free USA Fund	Municipal Bonds	69	2.74%	—	Jan 1984	NRK vs DMTFX
OSTAX	JPMorgan Short-Intermediate Municipal Bond Fund	Municipal Bonds	63	0.57%	—	May 1998	NRK vs OSTAX
BBMUX	Bridge Builder Municipal Bond Fund	Municipal Bonds	73	1.23%	—	Sep 2015	NRK vs BBMUX
NNY	Nuveen New York Municipal Value Fund	Municipal Bonds	34	3.82%	—	Oct 1987	NRK vs NNY
VWSUX	Vanguard Short-Term Tax-Exempt Fund Admiral Shares	Municipal Bonds	97	1.40%	—	Feb 2001	NRK vs VWSUX
EIHMX	Eaton Vance National Municipal Income Fund Class I	Municipal Bonds	86	2.57%	—	Dec 1993	NRK vs EIHMX
FSMNX	Fidelity SAI Municipal Income Fund	Municipal Bonds	73	1.69%	—	Oct 2018	NRK vs FSMNX
AITFX	Invesco Limited Term Municipal Income Fund	Municipal Bonds	89	1.55%	—	May 1987	NRK vs AITFX
PRNMX	PGIM National Muni Fund	Municipal Bonds	75	1.42%	—	Jan 1990	NRK vs PRNMX
MPA	BlackRock MuniYield Pennsylvania Quality Fund	Municipal Bonds	46	5.38%	—	Nov 1992	NRK vs MPA
FHIGX	Fidelity Municipal Income Fund	Municipal Bonds	71	1.55%	—	Dec 1977	NRK vs FHIGX
FOHFX	Fidelity Ohio Municipal Income Fund	Municipal Bonds	76	1.59%	—	Nov 1985	NRK vs FOHFX
CBTAX	Six Circles Tax Aware Bond Fund	Municipal Bonds	87	1.88%	—	May 2020	NRK vs CBTAX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	95	2.04%	—	Oct 2017	NRK vs DCARX
FUENX	Fidelity Flex Municipal Income Fund	Municipal Bonds	82	1.87%	—	Oct 2017	NRK vs FUENX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	47	7.30%	—	Dec 2008	NRK vs NELIX

Compare NRK with Any Fund or Stock

Compare NRK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair NRK with funds that move differently

Nuveen New York AMT Free Quality Municipal Income alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NRK.

Explore NRK Diversifiers

Nuveen New York AMT Free Quality Municipal Income (NRK) Alternatives