BBN vs. DNYMX
BBN (BlackRock Taxable Municipal Bond Trust) and DNYMX (DFA NY Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, BBN returned 2.84%/yr vs 1.34%/yr for DNYMX. At a 0.20 correlation, their price movements are largely independent. BBN charges 2.32%/yr vs 0.25%/yr for DNYMX.
Performance
BBN vs. DNYMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BBN having a 1.00% return and DNYMX slightly lower at 0.98%. Over the past 10 years, BBN has outperformed DNYMX with an annualized return of 2.84%, while DNYMX has yielded a comparatively lower 1.34% annualized return.
BBN
- 1D
- -0.25%
- 1M
- -0.07%
- YTD
- 1.00%
- 6M
- -3.66%
- 1Y
- 8.58%
- 3Y*
- 6.10%
- 5Y*
- -1.96%
- 10Y*
- 2.84%
DNYMX
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.98%
- 6M
- 1.21%
- 1Y
- 2.99%
- 3Y*
- 2.82%
- 5Y*
- 1.59%
- 10Y*
- 1.34%
BBN vs. DNYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 1.00% | 8.59% | 6.01% | 3.55% | -31.02% | 2.68% | 16.95% | 22.78% | -2.86% | 15.03% |
DNYMX DFA NY Municipal Bond Portfolio | 0.98% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
Correlation
The correlation between BBN and DNYMX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.20 |
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Return for Risk
BBN vs. DNYMX — Risk / Return Rank
BBN
DNYMX
BBN vs. DNYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Taxable Municipal Bond Trust (BBN) and DFA NY Municipal Bond Portfolio (DNYMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BBN | DNYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -8.97 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 4.18 | -3.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 12.55 | -11.41 |
| Martin ratioReturn relative to average drawdown | 2.62 | 56.41 | -53.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBN | DNYMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 4.63 | -3.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 1.82 | -1.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 1.28 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.33 | -0.93 |
Drawdowns
BBN vs. DNYMX - Drawdown Comparison
The maximum BBN drawdown since its inception was -38.37%, which is greater than DNYMX's maximum drawdown of -3.19%. Use the drawdown chart below to compare losses from any high point for BBN and DNYMX.
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Drawdown Indicators
| BBN | DNYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -3.19% | -35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -0.24% | -7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.85% | -0.98% | -10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -38.37% | -2.53% | -35.84% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | -3.19% | -35.18% |
Current DrawdownCurrent decline from peak | -18.29% | 0.00% | -18.29% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -0.42% | -9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 0.05% | +3.24% |
Volatility
BBN vs. DNYMX - Volatility Comparison
BlackRock Taxable Municipal Bond Trust (BBN) has a higher volatility of 2.49% compared to DFA NY Municipal Bond Portfolio (DNYMX) at 0.20%. This indicates that BBN's price experiences larger fluctuations and is considered to be riskier than DNYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBN | DNYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 0.20% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 0.49% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.44% | 0.65% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 0.88% | +14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 1.05% | +14.01% |
BBN vs. DNYMX - Expense Ratio Comparison
BBN has a 2.32% expense ratio, which is higher than DNYMX's 0.25% expense ratio.
Dividends
BBN vs. DNYMX - Dividend Comparison
BBN's dividend yield for the trailing twelve months is around 7.33%, more than DNYMX's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 7.33% | 7.01% | 6.92% | 7.16% | 7.91% | 5.45% | 5.05% | 5.66% | 7.09% | 6.82% | 7.32% | 7.54% |
DNYMX DFA NY Municipal Bond Portfolio | 2.65% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
Frequently Asked Questions
BBN and DNYMX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBN has higher volatility (2.49%) compared to DNYMX (0.20%). In terms of maximum drawdown, BBN dropped -38.37% vs DNYMX's -3.19%.
DNYMX currently has the higher Sharpe Ratio (4.63 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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