MYMF vs. NYF
MYMF (State Street My2026 Municipal Bond ETF) and NYF (iShares New York Muni Bond ETF) are both Municipal Bonds funds. MYMF is actively managed, while NYF is passively managed. Over the past year, MYMF returned 2.95% vs 6.81% for NYF. A 0.57 correlation means they provide meaningful diversification when combined. MYMF charges 0.20%/yr vs 0.25%/yr for NYF.
Performance
MYMF vs. NYF - Performance Comparison
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Returns By Period
In the year-to-date period, MYMF achieves a 0.58% return, which is significantly lower than NYF's 1.51% return.
MYMF
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.58%
- 6M
- 0.81%
- 1Y
- 2.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NYF
- 1D
- -0.04%
- 1M
- 0.58%
- YTD
- 1.51%
- 6M
- 1.91%
- 1Y
- 6.81%
- 3Y*
- 3.36%
- 5Y*
- 0.83%
- 10Y*
- 1.81%
MYMF vs. NYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MYMF State Street My2026 Municipal Bond ETF | 0.58% | 3.01% | 0.19% |
NYF iShares New York Muni Bond ETF | 1.51% | 3.64% | -1.10% |
Correlation
The correlation between MYMF and NYF is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.57 |
Over the past year, the correlation between MYMF and NYF has dropped to 0.35 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
MYMF vs. NYF — Risk / Return Rank
MYMF
NYF
MYMF vs. NYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street My2026 Municipal Bond ETF (MYMF) and iShares New York Muni Bond ETF (NYF). 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.
| MYMF | NYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 2.21 | 1.53 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 7.79 | 2.48 | +5.31 |
| Martin ratioReturn relative to average drawdown | 28.74 | 8.88 | +19.86 |
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
| MYMF | NYF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.98 | 2.46 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.47 | +0.89 |
Drawdowns
MYMF vs. NYF - Drawdown Comparison
The maximum MYMF drawdown since its inception was -2.02%, smaller than the maximum NYF drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for MYMF and NYF.
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Drawdown Indicators
| MYMF | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.02% | -13.12% | +11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -2.76% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.12% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.56% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -2.31% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 0.77% | -0.67% |
Volatility
MYMF vs. NYF - Volatility Comparison
The current volatility for State Street My2026 Municipal Bond ETF (MYMF) is 0.21%, while iShares New York Muni Bond ETF (NYF) has a volatility of 0.95%. This indicates that MYMF experiences smaller price fluctuations and is considered to be less risky than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYMF | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.95% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 2.08% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 2.78% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 4.00% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.65% | 4.48% | -2.83% |
MYMF vs. NYF - Expense Ratio Comparison
MYMF has a 0.20% expense ratio, which is lower than NYF's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MYMF vs. NYF - Dividend Comparison
MYMF's dividend yield for the trailing twelve months is around 2.47%, less than NYF's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYMF State Street My2026 Municipal Bond ETF | 2.47% | 2.80% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Frequently Asked Questions
MYMF and NYF have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NYF has higher volatility (0.95%) compared to MYMF (0.21%). In terms of maximum drawdown, MYMF dropped -2.02% vs NYF's -13.12%.
On 1-year performance, NYF leads with 6.81% vs 2.95% for MYMF. On fees, MYMF is cheaper at 0.20% per year. On volatility, MYMF has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NYF has performed better with a 6.81% return vs 2.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYMF is cheaper with a 0.20% expense ratio, compared with 0.25% for NYF.
NYF has the higher dividend yield at 3.09%, compared with 2.47% for MYMF.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for MYMF and 0.25% for NYF.
MYMF currently has the higher Sharpe Ratio (3.98 vs 2.46), 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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