NNY vs. BATVX
NNY (Nuveen New York Municipal Value Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 3 years, NNY returned 4.41%/yr vs 2.34%/yr for BATVX. At 0.07, their price movements are largely independent. NNY charges 0.03%/yr vs 0.00%/yr for BATVX.
Performance
NNY vs. BATVX - 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 BATVX's 0.33% 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%
BATVX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.33%
- 6M
- 1.02%
- 1Y
- 2.45%
- 3Y*
- 2.34%
- 5Y*
- —
- 10Y*
- —
NNY vs. BATVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NNY Nuveen New York Municipal Value Fund | 1.69% | 11.17% | 1.19% | 4.30% | -13.41% | 2.60% |
BATVX BlackRock Allocation Target Shares | 0.33% | 2.80% | 2.48% | 1.41% | -0.10% | 0.00% |
Correlation
The correlation between NNY and BATVX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.07 |
The correlation between NNY and BATVX shifts across timeframes, from 0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NNY vs. BATVX — Risk / Return Rank
NNY
BATVX
NNY vs. BATVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) and BlackRock Allocation Target Shares (BATVX). 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 | BATVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 3.40 | -2.28 |
Sortino ratioReturn per unit of downside risk | 1.75 | — | — |
Omega ratioGain probability vs. loss probability | 1.22 | — | — |
Calmar ratioReturn relative to maximum drawdown | 1.64 | — | — |
Martin ratioReturn relative to average drawdown | 5.92 | — | — |
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 | BATVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 3.40 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
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 | 2.28 | -2.05 |
Drawdowns
NNY vs. BATVX - Drawdown Comparison
The maximum NNY drawdown since its inception was -36.62%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for NNY and BATVX.
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Drawdown Indicators
| NNY | BATVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -0.20% | -36.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | 0.00% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | 0.00% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -0.03% | -7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 0.00% | +1.93% |
Volatility
NNY vs. BATVX - Volatility Comparison
Nuveen New York Municipal Value Fund (NNY) has a higher volatility of 4.69% compared to BlackRock Allocation Target Shares (BATVX) at 0.00%. This indicates that NNY's price experiences larger fluctuations and is considered to be riskier than BATVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNY | BATVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 0.00% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.41% | 0.45% | +7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 0.73% | +9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 0.62% | +10.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.27% | 0.62% | +11.65% |
NNY vs. BATVX - Expense Ratio Comparison
NNY has a 0.03% expense ratio, which is higher than BATVX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NNY vs. BATVX - Dividend Comparison
NNY's dividend yield for the trailing twelve months is around 4.11%, more than BATVX's 2.42% 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% |
BATVX BlackRock Allocation Target Shares | 2.42% | 2.76% | 2.44% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |