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MYN vs. DFSMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MYN vs. DFSMX

Last updated Apr 16, 2026

MYN (BlackRock MuniYield New York Quality Fund) and DFSMX (DFA Short Term Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, MYN returned 1.09%/yr vs 1.23%/yr for DFSMX. At 0.16, their price movements are largely independent. MYN charges 2.24%/yr vs 0.20%/yr for DFSMX.

Performance

MYN vs. DFSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock MuniYield New York Quality Fund (MYN) and DFA Short Term Municipal Bond Portfolio (DFSMX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MYN achieves a 1.35% return, which is significantly higher than DFSMX's 0.75% return. Over the past 10 years, MYN has underperformed DFSMX with an annualized return of 1.09%, while DFSMX has yielded a comparatively higher 1.23% annualized 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%

DFSMX

1D
0.00%
1M
0.14%
YTD
0.75%
6M
1.30%
1Y
2.86%
3Y*
2.60%
5Y*
1.65%
10Y*
1.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MYN vs. DFSMX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MYN
BlackRock MuniYield New York Quality Fund		1.35%4.67%2.87%9.80%-27.05%10.83%6.00%18.31%-7.05%6.96%
DFSMX
DFA Short Term Municipal Bond Portfolio		0.75%2.30%2.84%2.98%-0.36%-0.11%0.83%1.62%1.22%1.15%

Correlation

The correlation between MYN and DFSMX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Aug 23, 2002

0.16

The correlation between MYN and DFSMX shifts across timeframes, from 0.07 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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BlackRock MuniYield New York Quality Fund

DFA Short Term Municipal Bond Portfolio

Often compared with MYN:
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Often compared with DFSMX:
DFSMX vs. CBTAXDFSMX vs. MYIDFSMX vs. KYTFXDFSMX vs. FOHFXDFSMX vs. DFNMDFSMX vs. FUENXDFSMX vs. VMLUX

Return for Risk

MYN vs. DFSMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MYN
MYN Risk / Return Rank: 1111
Overall Rank
MYN Sharpe Ratio Rank: 99
Sharpe Ratio Rank
MYN Sortino Ratio Rank: 1010
Sortino Ratio Rank
MYN Omega Ratio Rank: 88
Omega Ratio Rank
MYN Calmar Ratio Rank: 1414
Calmar Ratio Rank
MYN Martin Ratio Rank: 1313
Martin Ratio Rank
DFSMX
DFSMX Risk / Return Rank: 9999
Overall Rank
DFSMX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
DFSMX Sortino Ratio Rank: 9999
Sortino Ratio Rank
DFSMX Omega Ratio Rank: 100100
Omega Ratio Rank
DFSMX Calmar Ratio Rank: 9999
Calmar Ratio Rank
DFSMX Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MYN vs. DFSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield New York Quality Fund (MYN) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.

MYNDFSMXDifference

Sharpe ratio

Return per unit of total volatility

1.08

4.77

-3.69

Sortino ratio

Return per unit of downside risk

1.68

10.47

-8.78

Omega ratio

Gain probability vs. loss probability

1.20

5.60

-4.41

Calmar ratio

Return relative to maximum drawdown

1.68

14.05

-12.37

Martin ratio

Return relative to average drawdown

5.31

83.02

-77.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYN vs. DFSMX - Sharpe Ratio Comparison

The current MYN Sharpe Ratio is 1.08, which is lower than the DFSMX Sharpe Ratio of 4.77. The chart below compares the historical Sharpe Ratios of MYN and DFSMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MYNDFSMXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.08

4.77

-3.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.14

2.13

-2.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.10

1.60

-1.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

1.79

-1.55

Drawdowns

MYN vs. DFSMX - Drawdown Comparison

The maximum MYN drawdown since its inception was -42.89%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for MYN and DFSMX.

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Drawdown Indicators

MYNDFSMXDifference

Max Drawdown

Largest peak-to-trough decline

-42.89%

-2.66%

-40.23%

Max Drawdown (1Y)

Largest decline over 1 year

-6.40%

-0.20%

-6.20%

Max Drawdown (5Y)

Largest decline over 5 years

-35.99%

-1.67%

-34.32%

Max Drawdown (10Y)

Largest decline over 10 years

-35.99%

-1.69%

-34.30%

Current Drawdown

Current decline from peak

-14.22%

0.00%

-14.22%

Average Drawdown

Average peak-to-trough decline

-10.49%

-0.24%

-10.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

0.03%

+1.99%

Volatility

MYN vs. DFSMX - Volatility Comparison

BlackRock MuniYield New York Quality Fund (MYN) has a higher volatility of 4.14% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.18%. This indicates that MYN's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MYNDFSMXDifference

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%

0.37%

+5.95%

Volatility (1Y)

Calculated over the trailing 1-year period

8.69%

0.62%

+8.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.09%

0.78%

+10.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.41%

0.77%

+10.64%

MYN vs. DFSMX - Expense Ratio Comparison

MYN has a 2.24% expense ratio, which is higher than DFSMX's 0.20% expense ratio.

Dividends

MYN vs. DFSMX - Dividend Comparison

MYN's dividend yield for the trailing twelve months is around 6.24%, more than DFSMX's 2.42% yield.

TTM20252024202320222021202020192018201720162015
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%
DFSMX
DFA Short Term Municipal Bond Portfolio		2.42%2.08%2.80%1.94%0.63%0.19%0.83%1.22%1.11%0.95%0.94%0.95%