NNY vs. NRK
NNY (Nuveen New York Municipal Value Fund) and NRK (Nuveen New York AMT Free Quality Municipal Income) are both Municipal Bonds funds from Nuveen. Over the past 10 years, NNY returned 2.08%/yr vs 2.47%/yr for NRK. At 0.25, their price movements are largely independent. NNY charges 0.03%/yr vs 2.16%/yr for NRK.
Performance
NNY vs. NRK - Performance Comparison
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Returns By Period
In the year-to-date period, NNY achieves a 1.69% return, which is significantly lower than NRK's 6.08% return. Over the past 10 years, NNY has underperformed NRK with an annualized return of 2.08%, while NRK has yielded a comparatively higher 2.47% annualized 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%
NRK
- 1D
- -0.10%
- 1M
- 1.75%
- YTD
- 6.08%
- 6M
- 7.42%
- 1Y
- 14.76%
- 3Y*
- 6.40%
- 5Y*
- 0.14%
- 10Y*
- 2.47%
NNY vs. NRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNY Nuveen New York Municipal Value Fund | 1.69% | 11.17% | 1.19% | 4.30% | -13.41% | 1.85% | -1.65% | 13.73% | 4.51% | 4.12% |
NRK Nuveen New York AMT Free Quality Municipal Income | 6.08% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
Correlation
The correlation between NNY and NRK is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2003 | 0.25 |
The correlation between NNY and NRK shifts across timeframes, from 0.25 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NNY vs. NRK — Risk / Return Rank
NNY
NRK
NNY vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) and Nuveen New York AMT Free Quality Municipal Income (NRK). 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 | NRK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.84 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.75 | 3.03 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.55 | -0.91 |
Martin ratioReturn relative to average drawdown | 5.92 | 6.49 | -0.57 |
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 | NRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.84 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.01 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.24 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.30 | -0.06 |
Drawdowns
NNY vs. NRK - Drawdown Comparison
The maximum NNY drawdown since its inception was -36.62%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for NNY and NRK.
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Drawdown Indicators
| NNY | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -40.18% | +3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -5.83% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -31.06% | +11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | -31.06% | +11.04% |
Current DrawdownCurrent decline from peak | -1.77% | -4.27% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -8.22% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.29% | -0.36% |
Volatility
NNY vs. NRK - Volatility Comparison
Nuveen New York Municipal Value Fund (NNY) has a higher volatility of 4.69% compared to Nuveen New York AMT Free Quality Municipal Income (NRK) at 3.80%. This indicates that NNY's price experiences larger fluctuations and is considered to be riskier than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNY | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 3.80% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.41% | 5.62% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 8.08% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 9.77% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.27% | 10.29% | +1.98% |
NNY vs. NRK - Expense Ratio Comparison
NNY has a 0.03% expense ratio, which is lower than NRK's 2.16% expense ratio.
Dividends
NNY vs. NRK - Dividend Comparison
NNY's dividend yield for the trailing twelve months is around 4.11%, less than NRK's 7.89% 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% |
NRK Nuveen New York AMT Free Quality Municipal Income | 7.24% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |