MYN vs. NNY
MYN (BlackRock MuniYield New York Quality Fund) and NNY (Nuveen New York Municipal Value Fund) are both Municipal Bonds funds. Over the past 10 years, MYN returned 1.09%/yr vs 2.10%/yr for NNY. At 0.19, their price movements are largely independent. MYN charges 2.24%/yr vs 0.03%/yr for NNY.
Performance
MYN vs. NNY - Performance Comparison
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Returns By Period
In the year-to-date period, MYN achieves a 1.35% return, which is significantly lower than NNY's 1.93% return. Over the past 10 years, MYN has underperformed NNY with an annualized return of 1.09%, while NNY has yielded a comparatively higher 2.10% 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%
NNY
- 1D
- 0.23%
- 1M
- 0.11%
- YTD
- 1.93%
- 6M
- 4.27%
- 1Y
- 11.57%
- 3Y*
- 4.49%
- 5Y*
- 1.26%
- 10Y*
- 2.10%
MYN vs. NNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NNY Nuveen New York Municipal Value Fund | 1.93% | 11.17% | 1.19% | 4.30% | -13.41% | 1.85% | -1.65% | 13.73% | 4.51% | 4.12% |
Correlation
The correlation between MYN and NNY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.19 |
The correlation between MYN and NNY shifts across timeframes, from 0.19 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MYN vs. NNY — Risk / Return Rank
MYN
NNY
MYN vs. NNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield New York Quality Fund (MYN) and Nuveen New York Municipal Value Fund (NNY). 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 | NNY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.15 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.78 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.68 | 0.00 |
Martin ratioReturn relative to average drawdown | 5.31 | 6.05 | -0.74 |
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 | NNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.15 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.12 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.17 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.24 | 0.00 |
Drawdowns
MYN vs. NNY - Drawdown Comparison
The maximum MYN drawdown since its inception was -42.89%, which is greater than NNY's maximum drawdown of -36.62%. Use the drawdown chart below to compare losses from any high point for MYN and NNY.
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Drawdown Indicators
| MYN | NNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -36.62% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -6.97% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | -19.68% | -16.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -20.02% | -15.97% |
Current DrawdownCurrent decline from peak | -14.22% | -1.54% | -12.68% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -8.00% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.94% | +0.08% |
Volatility
MYN vs. NNY - Volatility Comparison
The current volatility for BlackRock MuniYield New York Quality Fund (MYN) is 4.14%, while Nuveen New York Municipal Value Fund (NNY) has a volatility of 4.52%. This indicates that MYN experiences smaller price fluctuations and is considered to be less risky than NNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYN | NNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.52% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 8.40% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.69% | 10.14% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 10.88% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 12.27% | -0.86% |
MYN vs. NNY - Expense Ratio Comparison
MYN has a 2.24% expense ratio, which is higher than NNY's 0.03% expense ratio.
Dividends
MYN vs. NNY - Dividend Comparison
MYN's dividend yield for the trailing twelve months is around 6.24%, more than NNY's 4.11% 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% |
NNY Nuveen New York Municipal Value Fund | 4.11% | 4.13% | 4.25% | 3.99% | 3.50% | 2.96% | 3.29% | 3.42% | 3.77% | 4.00% | 4.10% | 3.91% |