MYI vs. NRK
Compare and contrast key facts about BlackRock MuniYield Quality Fund III (MYI) and Nuveen New York AMT Free Quality Municipal Income (NRK).
MYI is an actively managed fund by BlackRock. It was launched on Apr 13, 1992. NRK is an actively managed fund by Nuveen. It was launched on Nov 21, 2002.
Performance
MYI vs. NRK - Performance Comparison
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MYI vs. NRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | -1.85% | 4.74% | 0.55% | 8.79% | -20.52% | 6.99% | 11.60% | 16.64% | -8.42% | 7.13% |
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% | -5.98% | 6.16% |
Returns By Period
In the year-to-date period, MYI achieves a -1.85% return, which is significantly lower than NRK's 3.25% return. Over the past 10 years, MYI has underperformed NRK with an annualized return of 1.39%, while NRK has yielded a comparatively higher 2.44% annualized return.
MYI
- 1D
- 1.15%
- 1M
- -6.10%
- YTD
- -1.85%
- 6M
- -2.23%
- 1Y
- 1.71%
- 3Y*
- 3.22%
- 5Y*
- -0.93%
- 10Y*
- 1.39%
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%
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MYI vs. NRK - Expense Ratio Comparison
Both MYI and NRK have an expense ratio of 2.16%.
Return for Risk
MYI vs. NRK — Risk / Return Rank
MYI
NRK
MYI vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund III (MYI) 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.
| MYI | NRK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.17 | 0.91 | -0.74 |
Sortino ratioReturn per unit of downside risk | 0.29 | 1.42 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.16 | -0.85 |
Martin ratioReturn relative to average drawdown | 0.85 | 2.63 | -1.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MYI | NRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.91 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.01 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.24 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.29 | -0.05 |
Correlation
The correlation between MYI and NRK is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MYI vs. NRK - Dividend Comparison
MYI's dividend yield for the trailing twelve months is around 6.34%, less than NRK's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | 6.34% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
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
MYI vs. NRK - Drawdown Comparison
The maximum MYI drawdown since its inception was -43.90%, which is greater than NRK's maximum drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for MYI and NRK.
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Drawdown Indicators
| MYI | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -40.18% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -7.55% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -31.06% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -31.06% | -0.78% |
Current DrawdownCurrent decline from peak | -11.40% | -6.83% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -8.22% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.33% | -0.54% |
Volatility
MYI vs. NRK - Volatility Comparison
The current volatility for BlackRock MuniYield Quality Fund III (MYI) is 3.28%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 3.46%. This indicates that MYI 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.
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Volatility by Period
| MYI | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.46% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 5.54% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 8.54% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 9.75% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.34% | 10.28% | +1.06% |