iShares New York Muni Bond ETF (NYF) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NYF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NYF
NYF charges 0.09% annually. There are 12 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.93B | Oct 2022 | NYF vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | NYF vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | NYF vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 130.20M | Aug 2025 | NYF vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | NYF vs TAXT |
Best Risk-Adjusted Alternatives to NYF
NYF has a PortfoliosLab risk / return rank of 59. There are 74 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | NYF vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | NYF vs MYMF | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | NYF vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | NYF vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.47M | Nov 2018 | NYF vs FUMB |
Top Performing NYF Alternatives (YTD)
NYF is at 0.64% YTD. There are 99 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 3.08% | 4.54M | May 2023 | NYF vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.98% | 30.60M | Sep 2019 | NYF vs OVM | |
| NYLI MacKay Muni Allocation ETF | 2.85% | 28.01M | Dec 2025 | NYF vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.79% | 142.95M | Jun 2013 | NYF vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.68% | 26.19M | Nov 2025 | NYF vs THYM |
Lowest Volatility Alternatives to NYF
NYF has 2.74% 1-year volatility. There are 73 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 34.95M | Sep 2025 | NYF vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.64% | 8.74M | Sep 2024 | NYF vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | NYF vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | NYF vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | NYF vs MYMG |
Lowest Drawdown Alternatives to NYF
NYF has a 1-year max drawdown of -2.76%. There are 69 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.23% | 246.47M | Nov 2018 | NYF vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | NYF vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | NYF vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | NYF vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 576.01M | Apr 2019 | NYF vs IBMO |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $869B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 2.14% | 99.95B | May 2020 | NYF vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.71% | 46.52B | Jan 2024 | NYF vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 90 | 80.24% | 44.69B | Jul 2001 | NYF vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 72 | 13.72% | 869.20B | May 2000 | NYF vs IVV | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 91 | 15.02% | 42.77B | Jun 2014 | NYF vs DGRO | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 7 | -2.43% | 41.54B | Jul 2002 | NYF vs TLT | |
| iShares Silver Trust | Silver, Precious Metals | 33 | -16.42% | 28.08B | Apr 2006 | NYF vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 26 | -5.52% | 59.74B | Jan 2005 | NYF vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 79 | 23.08% | 80.11B | May 2000 | NYF vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 71 | 14.26% | 32.49B | Mar 2008 | NYF vs ACWI |
Often Compared With NYF
Investors most often compare NYF with VNYUX, MUB, VNYTX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare NYF with Any Fund or Stock
Compare NYF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NYF with funds that move differently
iShares New York Muni Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NYF.
Explore NYF Diversifiers