MSTPX vs. NRK
Compare and contrast key facts about Morningstar Municipal Bond Fund (MSTPX) and Nuveen New York AMT Free Quality Municipal Income (NRK).
MSTPX is managed by Morningstar. It was launched on Nov 1, 2018. NRK is an actively managed fund by Nuveen. It was launched on Nov 21, 2002.
Performance
MSTPX vs. NRK - Performance Comparison
Loading graphics...
MSTPX vs. NRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTPX Morningstar Municipal Bond Fund | -0.50% | 2.38% | 2.57% | 5.62% | -7.20% | 1.48% | 5.43% | 6.24% | 2.06% |
NRK Nuveen New York AMT Free Quality Municipal Income | 3.25% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | 1.12% |
Returns By Period
In the year-to-date period, MSTPX achieves a -0.50% return, which is significantly lower than NRK's 3.25% return.
MSTPX
- 1D
- 0.10%
- 1M
- -1.98%
- YTD
- -0.50%
- 6M
- 0.27%
- 1Y
- 2.10%
- 3Y*
- 2.61%
- 5Y*
- 0.80%
- 10Y*
- —
NRK
- 1D
- 2.10%
- 1M
- -2.11%
- YTD
- 3.25%
- 6M
- 4.24%
- 1Y
- 7.68%
- 3Y*
- 5.63%
- 5Y*
- -0.13%
- 10Y*
- 2.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MSTPX vs. NRK - Expense Ratio Comparison
MSTPX has a 0.58% expense ratio, which is lower than NRK's 2.16% expense ratio.
Return for Risk
MSTPX vs. NRK — Risk / Return Rank
MSTPX
NRK
MSTPX vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Municipal Bond Fund (MSTPX) 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.
| MSTPX | NRK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.91 | -0.30 |
Sortino ratioReturn per unit of downside risk | 0.84 | 1.42 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.16 | -0.70 |
Martin ratioReturn relative to average drawdown | 1.46 | 2.63 | -1.17 |
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 graphics...
Sharpe Ratios by Period
| MSTPX | NRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.91 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.01 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.29 | +0.34 |
Correlation
The correlation between MSTPX and NRK is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MSTPX vs. NRK - Dividend Comparison
MSTPX's dividend yield for the trailing twelve months is around 1.56%, less than NRK's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTPX Morningstar Municipal Bond Fund | 1.56% | 2.33% | 3.25% | 2.67% | 2.15% | 1.75% | 3.16% | 2.67% | 0.25% | 0.00% | 0.00% | 0.00% |
NRK Nuveen New York AMT Free Quality Municipal Income | 8.11% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
Drawdowns
MSTPX vs. NRK - Drawdown Comparison
The maximum MSTPX drawdown since its inception was -10.90%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for MSTPX and NRK.
Loading graphics...
Drawdown Indicators
| MSTPX | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.90% | -40.18% | +29.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -7.55% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -10.90% | -31.06% | +20.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.06% | — |
Current DrawdownCurrent decline from peak | -1.98% | -6.83% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -8.22% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 3.33% | -1.98% |
Volatility
MSTPX vs. NRK - Volatility Comparison
The current volatility for Morningstar Municipal Bond Fund (MSTPX) is 0.92%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 3.46%. This indicates that MSTPX 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 graphics...
Volatility by Period
| MSTPX | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.46% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 5.54% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 8.54% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 9.75% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.85% | 10.28% | -6.43% |