MAPYX vs. PRNYX
MAPYX (BlackRock Pennsylvania Municipal Bond Fund) and PRNYX (T. Rowe Price New York Tax Free Bond Fund) are both Municipal Bonds funds. Over the past 10 years, MAPYX returned 1.73%/yr vs 2.00%/yr for PRNYX. Their correlation of 0.81 means they have usually moved in the same direction. MAPYX charges 0.54%/yr vs 0.53%/yr for PRNYX.
Performance
MAPYX vs. PRNYX - Performance Comparison
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Returns By Period
In the year-to-date period, MAPYX achieves a 0.43% return, which is significantly lower than PRNYX's 0.88% return. Over the past 10 years, MAPYX has underperformed PRNYX with an annualized return of 1.73%, while PRNYX has yielded a comparatively higher 2.00% annualized return.
MAPYX
- 1D
- -0.21%
- 1M
- -2.41%
- 6M
- -0.10%
- YTD
- 0.43%
- 1Y
- 6.13%
- 3Y*
- 4.01%
- 5Y*
- 0.25%
- 10Y*
- 1.73%
- ALL TIME*
- 4.57%
PRNYX
- 1D
- -0.37%
- 1M
- -2.39%
- 6M
- 0.29%
- YTD
- 0.88%
- 1Y
- 7.28%
- 3Y*
- 4.16%
- 5Y*
- 0.89%
- 10Y*
- 2.00%
- ALL TIME*
- 4.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MAPYX vs. PRNYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAPYX BlackRock Pennsylvania Municipal Bond Fund | 0.43% | 5.20% | 3.57% | 5.80% | -12.40% | 3.18% | 4.29% | 6.67% | 0.73% | 5.78% |
PRNYX T. Rowe Price New York Tax Free Bond Fund | 0.88% | 4.53% | 3.35% | 8.08% | -11.19% | 3.27% | 4.08% | 6.59% | 0.80% | 4.69% |
Correlation
The correlation between MAPYX and PRNYX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 1990 | 0.81 |
The correlation between MAPYX and PRNYX has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
MAPYX vs. PRNYX — Risk / Return Rank
MAPYX
PRNYX
MAPYX vs. PRNYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Pennsylvania Municipal Bond Fund (MAPYX) and T. Rowe Price New York Tax Free Bond Fund (PRNYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAPYX | PRNYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.60 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.77 | -0.60 |
| Martin ratioReturn relative to average drawdown | 7.28 | 9.41 | -2.13 |
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Drawdowns
MAPYX vs. PRNYX - Drawdown Comparison
The maximum MAPYX drawdown since its inception was -17.13%, smaller than the maximum PRNYX drawdown of -19.17%. Use the drawdown chart below to compare losses from any high point for MAPYX and PRNYX.
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Drawdown Indicators
| MAPYX | PRNYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -19.17% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -3.02% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -6.77% | -7.11% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -16.01% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | -16.01% | -1.12% |
Current DrawdownCurrent decline from peak | -2.41% | -2.39% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -2.38% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.89% | +0.10% |
Volatility
MAPYX vs. PRNYX - Volatility Comparison
BlackRock Pennsylvania Municipal Bond Fund (MAPYX) has a higher volatility of 1.23% compared to T. Rowe Price New York Tax Free Bond Fund (PRNYX) at 1.16%. This indicates that MAPYX's price experiences larger fluctuations and is considered to be riskier than PRNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAPYX | PRNYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.16% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.70% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.44% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 4.62% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.21% | +0.66% |
MAPYX vs. PRNYX - Expense Ratio Comparison
MAPYX has a 0.54% expense ratio, which is higher than PRNYX's 0.53% expense ratio.
Dividends
MAPYX vs. PRNYX - Dividend Comparison
MAPYX's dividend yield for the trailing twelve months is around 3.59%, less than PRNYX's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAPYX BlackRock Pennsylvania Municipal Bond Fund | 3.59% | 4.98% | 4.11% | 3.00% | 2.17% | 2.59% | 3.14% | 3.79% | 4.03% | 4.16% | 4.12% | 4.00% |
PRNYX T. Rowe Price New York Tax Free Bond Fund | 4.27% | 4.72% | 4.32% | 3.33% | 2.15% | 2.46% | 2.86% | 2.90% | 3.24% | 3.19% | 3.34% | 3.43% |
Frequently Asked Questions
MAPYX and PRNYX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAPYX has higher volatility (1.23%) compared to PRNYX (1.16%). In terms of maximum drawdown, MAPYX dropped -17.13% vs PRNYX's -19.17%.
PRNYX currently has the higher Sharpe Ratio (2.44 vs 2.11), 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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