MYN vs. FHMIX
MYN (BlackRock MuniYield New York Quality Fund) and FHMIX (Federated Hermes Conservative Municipal Microshort Fund) are both Municipal Bonds funds. Over the past 3 years, MYN returned 4.04%/yr vs 1.67%/yr for FHMIX. At 0.06, their price movements are largely independent. MYN charges 2.24%/yr vs 0.05%/yr for FHMIX.
Performance
MYN vs. FHMIX - 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 FHMIX's 0.42% 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%
FHMIX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.42%
- 6M
- 1.18%
- 1Y
- 2.71%
- 3Y*
- 1.67%
- 5Y*
- —
- 10Y*
- —
MYN vs. FHMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MYN BlackRock MuniYield New York Quality Fund | 1.35% | 4.67% | 2.87% | 9.80% | -27.05% | 3.96% |
FHMIX Federated Hermes Conservative Municipal Microshort Fund | 0.42% | 3.09% | 1.19% | 0.32% | 0.00% | 0.02% |
Correlation
The correlation between MYN and FHMIX is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.06 |
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Return for Risk
MYN vs. FHMIX — Risk / Return Rank
MYN
FHMIX
MYN vs. FHMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield New York Quality Fund (MYN) and Federated Hermes Conservative Municipal Microshort Fund (FHMIX). 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 | FHMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 3.01 | -1.93 |
Sortino ratioReturn per unit of downside risk | 1.68 | 10.14 | -8.46 |
Omega ratioGain probability vs. loss probability | 1.20 | 4.83 | -3.63 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 27.08 | -25.40 |
Martin ratioReturn relative to average drawdown | 5.31 | 60.24 | -54.93 |
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 | FHMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 3.01 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
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 | 1.32 | -1.08 |
Drawdowns
MYN vs. FHMIX - Drawdown Comparison
The maximum MYN drawdown since its inception was -42.89%, which is greater than FHMIX's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for MYN and FHMIX.
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Drawdown Indicators
| MYN | FHMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -0.50% | -42.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -0.10% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | — | — |
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% | -0.07% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.04% | +1.98% |
Volatility
MYN vs. FHMIX - Volatility Comparison
BlackRock MuniYield New York Quality Fund (MYN) has a higher volatility of 4.14% compared to Federated Hermes Conservative Municipal Microshort Fund (FHMIX) at 0.10%. This indicates that MYN's price experiences larger fluctuations and is considered to be riskier than FHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYN | FHMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 0.10% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 0.55% | +5.77% |
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% | 0.78% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 0.78% | +10.63% |
MYN vs. FHMIX - Expense Ratio Comparison
MYN has a 2.24% expense ratio, which is higher than FHMIX's 0.05% expense ratio.
Dividends
MYN vs. FHMIX - Dividend Comparison
MYN's dividend yield for the trailing twelve months is around 6.24%, more than FHMIX's 2.67% 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% |
FHMIX Federated Hermes Conservative Municipal Microshort Fund | 2.67% | 3.04% | 1.18% | 0.32% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |