NNY vs. NWQIX
NNY (Nuveen New York Municipal Value Fund) and NWQIX (Nuveen Flexible Income Fund) are both mutual funds - NNY is a Municipal Bonds fund managed by Nuveen, while NWQIX is a Diversified Portfolio fund managed by Nuveen. Over the past 10 years, NNY returned 1.37%/yr vs 5.14%/yr for NWQIX. Their 0.17 correlation means their historical movements had little consistent relationship. NNY charges 0.03%/yr vs 0.70%/yr for NWQIX.
Performance
NNY vs. NWQIX - 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 NWQIX's 4.79% return. Over the past 10 years, NNY has underperformed NWQIX with an annualized return of 1.37%, while NWQIX has yielded a comparatively higher 5.14% 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%
NWQIX
- 1D
- 0.30%
- 1M
- -0.98%
- 6M
- 3.20%
- YTD
- 4.79%
- 1Y
- 10.99%
- 3Y*
- 9.67%
- 5Y*
- 3.92%
- 10Y*
- 5.14%
- ALL TIME*
- 5.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $404.02K | $287.10K | $251.44K | |
| $0.00 | $0.00 | $0.00 |
NNY vs. NWQIX - 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% |
NWQIX Nuveen Flexible Income Fund | 4.79% | 11.74% | 6.03% | 11.61% | -13.64% | 4.94% | 5.54% | 18.57% | -4.07% | 9.18% |
Correlation
The correlation between NNY and NWQIX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.17 |
Over the past year, NNY and NWQIX have become more correlated (0.38) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
NNY vs. NWQIX — Risk / Return Rank
NNY
NWQIX
NNY vs. NWQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) and Nuveen Flexible Income Fund (NWQIX). 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 | NWQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.61 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.96 | -2.95 |
| Martin ratioReturn relative to average drawdown | 3.55 | 17.88 | -14.33 |
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Drawdowns
NNY vs. NWQIX - Drawdown Comparison
The maximum NNY drawdown since its inception was -36.62%, which is greater than NWQIX's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for NNY and NWQIX.
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Drawdown Indicators
| NNY | NWQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -23.89% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -2.94% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | -4.59% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.62% | -17.75% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | -23.89% | +3.87% |
Current DrawdownCurrent decline from peak | -5.83% | -1.13% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -2.98% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.65% | +1.32% |
Volatility
NNY vs. NWQIX - Volatility Comparison
Nuveen New York Municipal Value Fund (NNY) has a higher volatility of 2.72% compared to Nuveen Flexible Income Fund (NWQIX) at 0.79%. This indicates that NNY's price experiences larger fluctuations and is considered to be riskier than NWQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNY | NWQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 0.79% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 3.15% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 3.96% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 5.70% | +5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 6.29% | +6.00% |
NNY vs. NWQIX - Expense Ratio Comparison
NNY has a 0.03% expense ratio, which is lower than NWQIX's 0.70% expense ratio.
Dividends
NNY vs. NWQIX - Dividend Comparison
NNY's dividend yield for the trailing twelve months is around 4.30%, less than NWQIX's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NWQIX Nuveen Flexible Income Fund | 5.14% | 6.09% | 5.20% | 7.84% | 7.02% | 4.39% | 4.82% | 5.71% | 6.23% | 5.67% | 5.52% | 5.70% |
Frequently Asked Questions
NNY and NWQIX have a correlation of 0.38, 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 NWQIX (0.79%). In terms of maximum drawdown, NNY dropped -36.62% vs NWQIX's -23.89%.
NWQIX currently has the higher Sharpe Ratio (2.94 vs 0.66), 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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