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 472 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 SMASh Series TF Fund | 0.01% | — | Dec 2015 | NRK vs LSMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | NRK vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | NRK vs NMTRX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | NRK vs VTMFX | |
| 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 70. There are 253 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 | NRK vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NRK vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NRK vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NRK vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NRK vs DFSMX |
Top Performing NRK Alternatives (YTD)
NRK is at 9.70% YTD. There is 1 mutual fund in the Municipal Bonds category with a higher YTD return, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | NRK vs NMI | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | NRK vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | NRK vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | NRK vs NPV | |
| BlackRock MuniHoldings California Quality Fund | 5.84% | — | Feb 1998 | NRK vs MUC |
Lowest Volatility Alternatives to NRK
NRK has 8.51% 1-year volatility. There are 466 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NRK vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NRK vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NRK vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | NRK vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NRK vs DFSMX |
Lowest Drawdown Alternatives to NRK
NRK has a 1-year max drawdown of -5.32%. There are 461 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 | NRK vs BATVX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NRK vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NRK vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NRK vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NRK vs FHMIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 12 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 51 | 8.62% | — | Jul 1999 | NRK vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 37 | 5.00% | — | Jan 2007 | NRK vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.96% | — | Nov 2005 | NRK vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.32% | — | Jun 1999 | NRK vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 5 | 2.62% | — | Jun 2003 | NRK vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 12 | 0.93% | — | Mar 2006 | NRK vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 73 | 0.53% | — | Dec 2006 | NRK vs NPSRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 65 | 2.04% | — | Jan 2013 | NRK vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 14 | 6.96% | — | May 2009 | NRK vs NVLIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 82 | 20.50% | — | Dec 1987 | NRK vs FASEX |
Often Compared With NRK
Investors most often compare NRK with MYI, DMREX, BMN. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare NRK with Any Fund or Stock
Compare NRK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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