MYN vs. MUC
MYN (BlackRock MuniYield New York Quality Fund) and MUC (BlackRock MuniHoldings California Quality Fund) are both Municipal Bonds funds from BlackRock. Both are actively managed. Over the past 10 years, MYN returned 1.26%/yr vs 0.79%/yr for MUC. At a 0.40 correlation, their price movements are largely independent. MYN charges 2.24%/yr vs 2.14%/yr for MUC.
Performance
MYN vs. MUC - Performance Comparison
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Returns By Period
In the year-to-date period, MYN achieves a 4.58% return, which is significantly lower than MUC's 5.84% return. Over the past 10 years, MYN has outperformed MUC with an annualized return of 1.26%, while MUC has yielded a comparatively lower 0.79% annualized return.
MYN
- 1D
- 0.10%
- 1M
- 3.18%
- YTD
- 4.58%
- 6M
- 4.48%
- 1Y
- 13.41%
- 3Y*
- 5.43%
- 5Y*
- -1.51%
- 10Y*
- 1.26%
MUC
- 1D
- 0.37%
- 1M
- 3.06%
- YTD
- 5.84%
- 6M
- 6.14%
- 1Y
- 12.82%
- 3Y*
- 5.94%
- 5Y*
- -2.30%
- 10Y*
- 0.79%
MYN vs. MUC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYN BlackRock MuniYield New York Quality Fund | 4.58% | 4.67% | 2.87% | 9.80% | -27.05% | 10.83% | 6.00% | 18.31% | -7.05% | 6.96% |
MUC BlackRock MuniHoldings California Quality Fund | 5.84% | 5.96% | 0.76% | 7.86% | -26.81% | 7.38% | 11.85% | 18.12% | -9.00% | 6.07% |
Correlation
The correlation between MYN and MUC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 1998 | 0.40 |
The correlation between MYN and MUC shifts across timeframes, from 0.40 (all time) to 0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MYN vs. MUC — Risk / Return Rank
MYN
MUC
MYN vs. MUC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield New York Quality Fund (MYN) and BlackRock MuniHoldings California Quality Fund (MUC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MYN | MUC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.97 | +0.13 |
| Martin ratioReturn relative to average drawdown | 7.34 | 8.00 | -0.66 |
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Drawdowns
MYN vs. MUC - Drawdown Comparison
The maximum MYN drawdown since its inception was -42.89%, smaller than the maximum MUC drawdown of -48.97%. Use the drawdown chart below to compare losses from any high point for MYN and MUC.
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Drawdown Indicators
| MYN | MUC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -48.97% | +6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -6.53% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -14.51% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | -38.29% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -38.29% | +2.30% |
Current DrawdownCurrent decline from peak | -11.48% | -15.07% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -9.91% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.61% | +0.22% |
Volatility
MYN vs. MUC - Volatility Comparison
BlackRock MuniYield New York Quality Fund (MYN) and BlackRock MuniHoldings California Quality Fund (MUC) have volatilities of 2.12% and 2.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYN | MUC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.16% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 6.35% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 8.18% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 11.51% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 11.89% | -0.48% |
MYN vs. MUC - Expense Ratio Comparison
MYN has a 2.24% expense ratio, which is higher than MUC's 2.14% expense ratio.
Dividends
MYN vs. MUC - Dividend Comparison
MYN's dividend yield for the trailing twelve months is around 6.11%, more than MUC's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUC BlackRock MuniHoldings California Quality Fund | 5.90% | 6.06% | 5.62% | 3.84% | 5.79% | 4.27% | 3.96% | 3.90% | 4.99% | 5.14% | 5.45% | 5.46% |
MYN BlackRock MuniYield New York Quality Fund | 6.11% | 6.20% | 5.47% | 3.88% | 5.37% | 4.39% | 4.16% | 3.90% | 4.32% | 4.98% | 5.44% | 5.62% |
Frequently Asked Questions
MYN and MUC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUC has higher volatility (2.16%) compared to MYN (2.12%). In terms of maximum drawdown, MYN dropped -42.89% vs MUC's -48.97%.
MUC currently has the higher Sharpe Ratio (1.57 vs 1.53), 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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