MAPYX vs. NRK
MAPYX (BlackRock Pennsylvania Municipal Bond Fund) and NRK (Nuveen New York AMT Free Quality Municipal Income) are both Municipal Bonds funds. Over the past 10 years, MAPYX returned 2.02%/yr vs 2.44%/yr for NRK. At a 0.25 correlation, their price movements are largely independent. MAPYX charges 0.54%/yr vs 2.16%/yr for NRK.
Performance
MAPYX vs. NRK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MAPYX achieves a 1.96% return, which is significantly lower than NRK's 7.89% return. Over the past 10 years, MAPYX has underperformed NRK with an annualized return of 2.02%, while NRK has yielded a comparatively higher 2.44% annualized return.
MAPYX
- 1D
- 0.10%
- 1M
- 1.04%
- YTD
- 1.96%
- 6M
- 2.49%
- 1Y
- 8.34%
- 3Y*
- 4.80%
- 5Y*
- 0.78%
- 10Y*
- 2.02%
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%
MAPYX vs. NRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAPYX BlackRock Pennsylvania Municipal Bond Fund | 1.96% | 5.20% | 3.57% | 5.80% | -12.40% | 3.18% | 4.29% | 6.67% | 0.73% | 5.78% |
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 MAPYX and NRK is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
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 | 0.25 |
Over the past year, MAPYX and NRK have become more correlated (0.49) than their long-term average of 0.25, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MAPYX vs. NRK — Risk / Return Rank
MAPYX
NRK
MAPYX vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Pennsylvania Municipal Bond Fund (MAPYX) 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.
| MAPYX | NRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.39 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.08 | -0.51 |
| Martin ratioReturn relative to average drawdown | 8.84 | 8.22 | +0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MAPYX | NRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 1.97 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.02 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.24 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.30 | +0.86 |
Drawdowns
MAPYX vs. NRK - Drawdown Comparison
The maximum MAPYX drawdown since its inception was -17.13%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for MAPYX and NRK.
Loading charts...
Drawdown Indicators
| MAPYX | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -40.18% | +23.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -5.32% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.06% | -12.67% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -31.06% | +13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | -31.06% | +13.93% |
Current DrawdownCurrent decline from peak | -0.12% | -2.64% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -8.19% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.99% | -1.03% |
Volatility
MAPYX vs. NRK - Volatility Comparison
The current volatility for BlackRock Pennsylvania Municipal Bond Fund (MAPYX) is 1.28%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 3.40%. This indicates that MAPYX experiences smaller price fluctuations and is considered to be less risky than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MAPYX | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 3.40% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 6.48% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 8.32% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 9.90% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 10.33% | -5.47% |
MAPYX vs. NRK - Expense Ratio Comparison
MAPYX has a 0.54% expense ratio, which is lower than NRK's 2.16% expense ratio.
Dividends
MAPYX vs. NRK - Dividend Comparison
MAPYX's dividend yield for the trailing twelve months is around 3.82%, less than NRK's 7.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAPYX BlackRock Pennsylvania Municipal Bond Fund | 3.82% | 4.98% | 4.11% | 3.00% | 2.17% | 2.59% | 3.14% | 3.79% | 4.03% | 4.16% | 4.12% | 4.00% |
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
MAPYX and NRK have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRK has higher volatility (3.40%) compared to MAPYX (1.28%). In terms of maximum drawdown, MAPYX dropped -17.13% vs NRK's -40.18%.
MAPYX currently has the higher Sharpe Ratio (2.55 vs 1.97), 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.
Find the right allocation for MAPYX and NRK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer