MUC vs. MYN
MUC (BlackRock MuniHoldings California Quality Fund) and MYN (BlackRock MuniYield New York Quality Fund) are both Municipal Bonds funds from BlackRock. Both are actively managed. Over the past 10 years, MUC returned 0.53%/yr vs 0.89%/yr for MYN. Their 0.40 correlation means their historical movements had little consistent relationship. MUC charges 2.14%/yr vs 2.24%/yr for MYN.
Performance
MUC vs. MYN - Performance Comparison
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Returns By Period
In the year-to-date period, MUC achieves a 3.33% return, which is significantly higher than MYN's 1.45% return. Over the past 10 years, MUC has underperformed MYN with an annualized return of 0.53%, while MYN has yielded a comparatively higher 0.89% annualized return.
MUC
- 1D
- -0.19%
- 1M
- -3.70%
- 6M
- -1.10%
- YTD
- 3.33%
- 1Y
- 10.54%
- 3Y*
- 4.86%
- 5Y*
- -3.19%
- 10Y*
- 0.53%
- ALL TIME*
- 3.94%
MYN
- 1D
- -0.51%
- 1M
- -4.33%
- 6M
- -0.96%
- YTD
- 1.45%
- 1Y
- 11.07%
- 3Y*
- 4.46%
- 5Y*
- -2.92%
- 10Y*
- 0.89%
- ALL TIME*
- 2.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.02M | $3.71M | $3.50M | |
| $2.04M | $1.54M | $1.33M |
MUC vs. MYN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUC BlackRock MuniHoldings California Quality Fund | 3.33% | 5.96% | 0.76% | 7.86% | -26.81% | 7.38% | 11.85% | 18.12% | -9.00% | 6.07% |
MYN BlackRock MuniYield New York Quality Fund | 1.45% | 4.67% | 2.87% | 9.80% | -27.05% | 10.83% | 6.00% | 18.31% | -7.05% | 6.96% |
Correlation
The correlation between MUC and MYN is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 1998 | 0.40 |
The correlation between MUC and MYN shifts across timeframes, from 0.40 (all time) to 0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MUC vs. MYN — Risk / Return Rank
MUC
MYN
MUC vs. MYN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniHoldings California Quality Fund (MUC) and BlackRock MuniYield New York Quality Fund (MYN). 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.
| MUC | MYN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.91 | -0.12 |
| Martin ratioReturn relative to average drawdown | 7.36 | 7.23 | +0.13 |
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Drawdowns
MUC vs. MYN - Drawdown Comparison
The maximum MUC drawdown since its inception was -48.97%, which is greater than MYN's maximum drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for MUC and MYN.
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Drawdown Indicators
| MUC | MYN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -42.89% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.40% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.20% | -13.29% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -38.29% | -35.89% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -38.29% | -35.99% | -2.30% |
Current DrawdownCurrent decline from peak | -17.08% | -14.13% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -10.50% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.69% | -0.10% |
Volatility
MUC vs. MYN - Volatility Comparison
The current volatility for BlackRock MuniHoldings California Quality Fund (MUC) is 1.58%, while BlackRock MuniYield New York Quality Fund (MYN) has a volatility of 2.09%. This indicates that MUC experiences smaller price fluctuations and is considered to be less risky than MYN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUC | MYN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 2.09% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | 6.83% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 8.83% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.47% | 11.13% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.88% | 11.40% | +0.48% |
MUC vs. MYN - Expense Ratio Comparison
MUC has a 2.14% expense ratio, which is lower than MYN's 2.24% expense ratio.
Dividends
MUC vs. MYN - Dividend Comparison
MUC's dividend yield for the trailing twelve months is around 6.07%, less than MYN's 6.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUC BlackRock MuniHoldings California Quality Fund | 6.07% | 6.06% | 5.62% | 3.84% | 5.79% | 4.27% | 3.96% | 3.90% | 4.99% | 5.14% | 5.45% | 5.46% |
MYN BlackRock MuniYield New York Quality Fund | 6.33% | 6.20% | 5.47% | 3.88% | 5.37% | 4.39% | 4.16% | 3.90% | 4.32% | 4.98% | 5.44% | 5.62% |
Frequently Asked Questions
MUC and MYN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYN has higher volatility (2.09%) compared to MUC (1.58%). In terms of maximum drawdown, MUC dropped -48.97% vs MYN's -42.89%.
MUC currently has the higher Sharpe Ratio (1.43 vs 1.38), 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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