MYN vs. APUSX
MYN (BlackRock MuniYield New York Quality Fund) and APUSX (Cavanal Hill Ultra Short Tax-Free Income Fund) are both Municipal Bonds funds. Over the past 5 years, MYN returned -1.54%/yr vs 1.96%/yr for APUSX. At 0.10, their price movements are largely independent. MYN charges 2.24%/yr vs 0.60%/yr for APUSX.
Performance
MYN vs. APUSX - Performance Comparison
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Returns By Period
In the year-to-date period, MYN achieves a 1.35% return, which is significantly higher than APUSX's 0.21% return.
MYN
- 1D
- -0.49%
- 1M
- -0.29%
- YTD
- 1.35%
- 6M
- -0.22%
- 1Y
- 9.24%
- 3Y*
- 4.04%
- 5Y*
- -1.54%
- 10Y*
- 1.09%
APUSX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.21%
- 6M
- 0.87%
- 1Y
- 2.75%
- 3Y*
- 3.18%
- 5Y*
- 1.96%
- 10Y*
- —
MYN vs. APUSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MYN BlackRock MuniYield New York Quality Fund | 1.35% | 4.67% | 2.87% | 9.80% | -27.05% | 10.83% | 5.76% |
APUSX Cavanal Hill Ultra Short Tax-Free Income Fund | 0.21% | 3.88% | 3.65% | 2.63% | -0.18% | -0.40% | 0.15% |
Correlation
The correlation between MYN and APUSX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2020 | 0.10 |
The correlation between MYN and APUSX shifts across timeframes, from 0.07 (3 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MYN vs. APUSX — Risk / Return Rank
MYN
APUSX
MYN vs. APUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield New York Quality Fund (MYN) and Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX). 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.
| MYN | APUSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 3.07 | -2.00 |
Sortino ratioReturn per unit of downside risk | 1.68 | 12.19 | -10.51 |
Omega ratioGain probability vs. loss probability | 1.20 | 6.42 | -5.22 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 27.43 | -25.75 |
Martin ratioReturn relative to average drawdown | 5.31 | 85.41 | -80.10 |
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
| MYN | APUSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 3.07 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 1.60 | -1.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.39 | -1.16 |
Drawdowns
MYN vs. APUSX - Drawdown Comparison
The maximum MYN drawdown since its inception was -42.89%, which is greater than APUSX's maximum drawdown of -1.64%. Use the drawdown chart below to compare losses from any high point for MYN and APUSX.
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Drawdown Indicators
| MYN | APUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -1.64% | -41.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -0.10% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | -1.35% | -34.64% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | — | — |
Current DrawdownCurrent decline from peak | -14.22% | -0.10% | -14.12% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -0.30% | -10.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.03% | +1.99% |
Volatility
MYN vs. APUSX - Volatility Comparison
BlackRock MuniYield New York Quality Fund (MYN) has a higher volatility of 4.14% compared to Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) at 0.18%. This indicates that MYN's price experiences larger fluctuations and is considered to be riskier than APUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYN | APUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 0.18% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 0.51% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.69% | 0.90% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 1.24% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 1.13% | +10.28% |
MYN vs. APUSX - Expense Ratio Comparison
MYN has a 2.24% expense ratio, which is higher than APUSX's 0.60% expense ratio.
Dividends
MYN vs. APUSX - Dividend Comparison
MYN's dividend yield for the trailing twelve months is around 6.24%, more than APUSX's 2.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYN BlackRock MuniYield New York Quality Fund | 6.24% | 6.20% | 5.47% | 3.88% | 5.37% | 4.39% | 4.16% | 3.90% | 4.32% | 4.98% | 5.44% | 5.62% |
APUSX Cavanal Hill Ultra Short Tax-Free Income Fund | 2.61% | 3.69% | 3.68% | 1.69% | 0.33% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |