EZNYX vs. NRK

Last updated Jun 5, 2026

EZNYX (Eaton Vance New York Municipal Opportunities Fund) and NRK (Nuveen New York AMT Free Quality Municipal Income) are both Municipal Bonds funds. At a 0.27 correlation, their price movements are largely independent. EZNYX charges 1.56%/yr vs 2.16%/yr for NRK.

Performance

EZNYX vs. NRK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance New York Municipal Opportunities Fund (EZNYX) and Nuveen New York AMT Free Quality Municipal Income (NRK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EZNYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRK

• 1D: 0.96%
• 1M: -0.01%
• YTD: 7.89%
• 6M: 8.21%
• 1Y: 16.28%
• 3Y*: 8.20%
• 5Y*: 0.21%
• 10Y*: 2.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZNYX vs. NRK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EZNYX Eaton Vance New York Municipal Opportunities Fund	-0.22%	3.63%	1.59%	5.84%	-9.79%	0.73%	3.85%	6.42%	0.68%	2.43%
NRK Nuveen New York AMT Free Quality Municipal Income	7.89%	4.74%	5.93%	7.03%	-21.84%	6.24%	4.08%	21.43%	-5.98%	6.16%

Correlation

The correlation between EZNYX and NRK is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 17, 2003	0.27

The correlation between EZNYX and NRK shifts across timeframes, from 0.27 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EZNYX vs. NRK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRK

NRK Risk / Return Rank: 52
NRK Sharpe Ratio Rank: 46
NRK Sortino Ratio Rank: 59
NRK Omega Ratio Rank: 51
NRK Calmar Ratio Rank: 65
NRK Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZNYX vs. NRK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance New York Municipal Opportunities Fund (EZNYX) and Nuveen New York AMT Free Quality Municipal Income (NRK). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EZNYX	NRK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.30	—

Drawdowns

Drawdown Indicators

	EZNYX	NRK	Difference
Max Drawdown Largest peak-to-trough decline	—	-40.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.06%	—
Current Drawdown Current decline from peak	—	-2.64%	—
Average Drawdown Average peak-to-trough decline	—	-8.19%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	EZNYX	NRK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.33%	—

EZNYX vs. NRK - Expense Ratio Comparison

EZNYX has a 1.56% expense ratio, which is lower than NRK's 2.16% expense ratio.

Dividends

EZNYX vs. NRK - Dividend Comparison

EZNYX's dividend yield for the trailing twelve months is around 2.08%, less than NRK's 7.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EZNYX Eaton Vance New York Municipal Opportunities Fund	2.08%	3.17%	2.58%	1.59%	1.38%	1.45%	1.18%	1.63%	1.75%	1.76%	1.96%	2.00%
NRK Nuveen New York AMT Free Quality Municipal Income	7.86%	8.21%	6.74%	4.06%	5.41%	4.18%	4.15%	3.98%	4.68%	4.85%	5.37%	5.44%

Frequently Asked Questions

Can I hold both EZNYX and NRK in my portfolio?

EZNYX and NRK have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.