NNY vs. EIM
NNY (Nuveen New York Municipal Value Fund) and EIM (Eaton Vance Municipal Bond Fund) are both Municipal Bonds funds. Over the past 10 years, NNY returned 1.37%/yr vs 1.15%/yr for EIM. Their 0.23 correlation means their historical movements had little consistent relationship. NNY charges 0.03%/yr vs 0.01%/yr for EIM.
Performance
NNY vs. EIM - Performance Comparison
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Returns By Period
In the year-to-date period, NNY achieves a -1.45% return, which is significantly lower than EIM's 1.85% return. Over the past 10 years, NNY has outperformed EIM with an annualized return of 1.37%, while EIM has yielded a comparatively lower 1.15% annualized return.
NNY
- 1D
- -0.48%
- 1M
- -5.51%
- 6M
- -2.19%
- YTD
- -1.45%
- 1Y
- 6.45%
- 3Y*
- 3.43%
- 5Y*
- -0.52%
- 10Y*
- 1.37%
- ALL TIME*
- 3.29%
EIM
- 1D
- -0.52%
- 1M
- -3.62%
- 6M
- -0.71%
- YTD
- 1.85%
- 1Y
- 5.70%
- 3Y*
- 4.56%
- 5Y*
- -2.18%
- 10Y*
- 1.15%
- ALL TIME*
- 4.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.52M | $1.46M | $1.31M | |
| $404.02K | $287.10K | $251.44K |
NNY vs. EIM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNY Nuveen New York Municipal Value Fund | -1.45% | 11.17% | 1.19% | 4.30% | -13.41% | 1.85% | -1.65% | 13.73% | 4.51% | 4.12% |
EIM Eaton Vance Municipal Bond Fund | 1.85% | -0.08% | 8.21% | 1.66% | -19.82% | 4.35% | 10.53% | 18.91% | -5.30% | 6.44% |
Correlation
The correlation between NNY and EIM is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2002 | 0.23 |
The correlation between NNY and EIM shifts across timeframes, from 0.23 (all time) to 0.36 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NNY vs. EIM — Risk / Return Rank
NNY
EIM
NNY vs. EIM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) and Eaton Vance Municipal Bond Fund (EIM). 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.
| NNY | EIM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.14 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.16 | -0.16 |
| Martin ratioReturn relative to average drawdown | 3.55 | 2.35 | +1.20 |
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Drawdowns
NNY vs. EIM - Drawdown Comparison
The maximum NNY drawdown since its inception was -36.62%, smaller than the maximum EIM drawdown of -52.50%. Use the drawdown chart below to compare losses from any high point for NNY and EIM.
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Drawdown Indicators
| NNY | EIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -52.50% | +15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -5.30% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | -11.57% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.62% | -31.69% | +12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | -31.69% | +11.67% |
Current DrawdownCurrent decline from peak | -5.83% | -11.20% | +5.37% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -8.38% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.62% | -0.65% |
Volatility
NNY vs. EIM - Volatility Comparison
Nuveen New York Municipal Value Fund (NNY) has a higher volatility of 2.72% compared to Eaton Vance Municipal Bond Fund (EIM) at 2.45%. This indicates that NNY's price experiences larger fluctuations and is considered to be riskier than EIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNY | EIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.45% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 6.47% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 9.46% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 10.77% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 11.51% | +0.78% |
NNY vs. EIM - Expense Ratio Comparison
NNY has a 0.03% expense ratio, which is higher than EIM's 0.01% 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. EIM - Dividend Comparison
NNY's dividend yield for the trailing twelve months is around 4.30%, less than EIM's 6.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIM Eaton Vance Municipal Bond Fund | 6.38% | 6.27% | 5.65% | 4.07% | 4.87% | 4.38% | 4.29% | 4.00% | 4.98% | 5.48% | 5.64% | 5.90% |
NNY Nuveen New York Municipal Value Fund | 4.30% | 4.13% | 4.25% | 3.99% | 3.50% | 2.96% | 3.29% | 3.42% | 3.77% | 4.00% | 4.10% | 3.91% |
Frequently Asked Questions
NNY and EIM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNY has higher volatility (2.72%) compared to EIM (2.45%). In terms of maximum drawdown, NNY dropped -36.62% vs EIM's -52.50%.
NNY currently has the higher Sharpe Ratio (0.66 vs 0.65), 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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