MYI vs. DNYMX
MYI (BlackRock MuniYield Quality Fund III) and DNYMX (DFA NY Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, MYI returned 1.53%/yr vs 1.33%/yr for DNYMX. At a 0.20 correlation, their price movements are largely independent. MYI charges 2.16%/yr vs 0.25%/yr for DNYMX.
Performance
MYI vs. DNYMX - Performance Comparison
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Returns By Period
In the year-to-date period, MYI achieves a 3.64% return, which is significantly higher than DNYMX's 1.18% return. Over the past 10 years, MYI has outperformed DNYMX with an annualized return of 1.53%, while DNYMX has yielded a comparatively lower 1.33% annualized return.
MYI
- 1D
- -0.46%
- 1M
- 2.86%
- YTD
- 3.64%
- 6M
- 4.31%
- 1Y
- 11.92%
- 3Y*
- 6.47%
- 5Y*
- -0.70%
- 10Y*
- 1.53%
DNYMX
- 1D
- 0.10%
- 1M
- 0.40%
- YTD
- 1.18%
- 6M
- 1.28%
- 1Y
- 2.89%
- 3Y*
- 2.85%
- 5Y*
- 1.63%
- 10Y*
- 1.33%
MYI vs. DNYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | 3.64% | 4.74% | 0.55% | 8.79% | -20.52% | 6.99% | 11.60% | 16.64% | -8.42% | 7.13% |
DNYMX DFA NY Municipal Bond Portfolio | 1.18% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
Correlation
The correlation between MYI and DNYMX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.20 |
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Return for Risk
MYI vs. DNYMX — Risk / Return Rank
MYI
DNYMX
MYI vs. DNYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund III (MYI) and DFA NY Municipal Bond Portfolio (DNYMX). 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.
| MYI | DNYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -8.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 4.18 | -2.92 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 12.55 | -10.97 |
| Martin ratioReturn relative to average drawdown | 5.76 | 56.40 | -50.63 |
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Drawdowns
MYI vs. DNYMX - Drawdown Comparison
The maximum MYI drawdown since its inception was -43.90%, which is greater than DNYMX's maximum drawdown of -3.19%. Use the drawdown chart below to compare losses from any high point for MYI and DNYMX.
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Drawdown Indicators
| MYI | DNYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -3.19% | -40.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -0.24% | -7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -0.98% | -14.09% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -2.53% | -29.31% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -3.19% | -28.65% |
Current DrawdownCurrent decline from peak | -6.45% | 0.00% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -0.41% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.05% | +2.02% |
Volatility
MYI vs. DNYMX - Volatility Comparison
BlackRock MuniYield Quality Fund III (MYI) has a higher volatility of 2.90% compared to DFA NY Municipal Bond Portfolio (DNYMX) at 0.20%. This indicates that MYI's price experiences larger fluctuations and is considered to be riskier than DNYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYI | DNYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 0.20% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.94% | 0.48% | +6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 0.65% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 0.88% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 1.05% | +10.34% |
MYI vs. DNYMX - Expense Ratio Comparison
MYI has a 2.16% expense ratio, which is higher than DNYMX's 0.25% expense ratio.
Dividends
MYI vs. DNYMX - Dividend Comparison
MYI's dividend yield for the trailing twelve months is around 6.09%, more than DNYMX's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 2.65% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
MYI BlackRock MuniYield Quality Fund III | 6.09% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
Frequently Asked Questions
MYI and DNYMX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYI has higher volatility (2.90%) compared to DNYMX (0.20%). In terms of maximum drawdown, MYI dropped -43.90% vs DNYMX's -3.19%.
DNYMX currently has the higher Sharpe Ratio (4.63 vs 1.36), 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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