NNY vs. APUSX
NNY (Nuveen New York Municipal Value Fund) and APUSX (Cavanal Hill Ultra Short Tax-Free Income Fund) are both Municipal Bonds funds. Over the past 5 years, NNY returned 1.21%/yr vs 1.96%/yr for APUSX. At 0.10, their price movements are largely independent. NNY charges 0.03%/yr vs 0.60%/yr for APUSX.
Performance
NNY vs. APUSX - Performance Comparison
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Returns By Period
In the year-to-date period, NNY achieves a 1.69% return, which is significantly higher than APUSX's 0.21% return.
NNY
- 1D
- -0.12%
- 1M
- 1.17%
- YTD
- 1.69%
- 6M
- 4.27%
- 1Y
- 11.31%
- 3Y*
- 4.41%
- 5Y*
- 1.21%
- 10Y*
- 2.08%
APUSX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.21%
- 6M
- 0.87%
- 1Y
- 2.75%
- 3Y*
- 3.18%
- 5Y*
- 1.96%
- 10Y*
- —
NNY vs. APUSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NNY Nuveen New York Municipal Value Fund | 1.69% | 11.17% | 1.19% | 4.30% | -13.41% | 1.85% | -1.74% |
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 NNY 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2020 | 0.10 |
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Return for Risk
NNY vs. APUSX — Risk / Return Rank
NNY
APUSX
NNY vs. APUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) 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.
| NNY | APUSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 3.07 | -1.95 |
Sortino ratioReturn per unit of downside risk | 1.75 | 12.19 | -10.45 |
Omega ratioGain probability vs. loss probability | 1.22 | 6.42 | -5.21 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 27.43 | -25.78 |
Martin ratioReturn relative to average drawdown | 5.92 | 85.41 | -79.49 |
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
| NNY | APUSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 3.07 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.60 | -1.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.39 | -1.16 |
Drawdowns
NNY vs. APUSX - Drawdown Comparison
The maximum NNY drawdown since its inception was -36.62%, which is greater than APUSX's maximum drawdown of -1.64%. Use the drawdown chart below to compare losses from any high point for NNY and APUSX.
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Drawdown Indicators
| NNY | APUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -1.64% | -34.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -0.10% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -1.35% | -18.33% |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.10% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -0.30% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 0.03% | +1.90% |
Volatility
NNY vs. APUSX - Volatility Comparison
Nuveen New York Municipal Value Fund (NNY) has a higher volatility of 4.69% compared to Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) at 0.18%. This indicates that NNY'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
| NNY | APUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 0.18% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.41% | 0.51% | +7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 0.90% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 1.24% | +9.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.27% | 1.13% | +11.14% |
NNY vs. APUSX - Expense Ratio Comparison
NNY has a 0.03% expense ratio, which is lower than APUSX's 0.60% expense ratio.
Dividends
NNY vs. APUSX - Dividend Comparison
NNY's dividend yield for the trailing twelve months is around 4.11%, more than APUSX's 2.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NNY Nuveen New York Municipal Value Fund | 3.76% | 4.13% | 4.25% | 3.99% | 3.50% | 2.96% | 3.29% | 3.42% | 3.77% | 4.00% | 4.10% | 3.91% |
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% |