NSBRX vs. NTNYX

Last updated Jun 23, 2026

NSBRX (Nuveen Dividend Growth Fund) and NTNYX (Nuveen New York Municipal Bond Fund) are both mutual funds - NSBRX is a Large Cap Blend Equities fund managed by Nuveen, while NTNYX is a Municipal Bonds fund managed by Nuveen. Over the past 10 years, NSBRX returned 12.67%/yr vs 1.92%/yr for NTNYX. At a correlation of -0.08, they often move in opposite directions. NSBRX charges 0.67%/yr vs 0.55%/yr for NTNYX.

Performance

NSBRX vs. NTNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Dividend Growth Fund (NSBRX) and Nuveen New York Municipal Bond Fund (NTNYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NSBRX having a 2.04% return and NTNYX slightly higher at 2.14%. Over the past 10 years, NSBRX has outperformed NTNYX with an annualized return of 12.67%, while NTNYX has yielded a comparatively lower 1.92% annualized return.

NSBRX

• 1D: 0.28%
• 1M: -0.08%
• YTD: 2.04%
• 6M: 2.02%
• 1Y: 10.34%
• 3Y*: 12.85%
• 5Y*: 9.80%
• 10Y*: 12.67%

NTNYX

• 1D: 0.00%
• 1M: 1.93%
• YTD: 2.14%
• 6M: 2.49%
• 1Y: 7.15%
• 3Y*: 3.62%
• 5Y*: 0.40%
• 10Y*: 1.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NSBRX vs. NTNYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NSBRX Nuveen Dividend Growth Fund	2.04%	10.03%	17.56%	15.08%	-9.63%	27.17%	9.79%	41.88%	-4.36%	20.07%
NTNYX Nuveen New York Municipal Bond Fund	2.14%	2.71%	2.44%	7.37%	-12.23%	3.22%	4.11%	7.99%	0.48%	6.06%

Correlation

The correlation between NSBRX and NTNYX 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 (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Mar 29, 2006	-0.08

The correlation between NSBRX and NTNYX shifts across timeframes, from -0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NSBRX vs. NTNYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NSBRX

NSBRX Risk / Return Rank: 16
NSBRX Sharpe Ratio Rank: 16
NSBRX Sortino Ratio Rank: 15
NSBRX Omega Ratio Rank: 14
NSBRX Calmar Ratio Rank: 16
NSBRX Martin Ratio Rank: 20

NTNYX

NTNYX Risk / Return Rank: 74
NTNYX Sharpe Ratio Rank: 82
NTNYX Sortino Ratio Rank: 89
NTNYX Omega Ratio Rank: 90
NTNYX Calmar Ratio Rank: 66
NTNYX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NSBRX vs. NTNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth Fund (NSBRX) and Nuveen New York Municipal Bond Fund (NTNYX). 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.

	NSBRX	NTNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.47	-1.42
Sortino ratio: Return per unit of downside risk	1.51	4.00	-2.50
Omega ratio: Gain probability vs. loss probability	1.19	1.61	-0.43
Calmar ratio: Return relative to maximum drawdown	1.34	2.97	-1.63
Martin ratio: Return relative to average drawdown	4.72	8.81	-4.09

NSBRX vs. NTNYX - Sharpe Ratio Comparison

The current NSBRX Sharpe Ratio is 1.05, which is lower than the NTNYX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of NSBRX and NTNYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NSBRX vs. NTNYX - Drawdown Comparison

The maximum NSBRX drawdown since its inception was -45.14%, which is greater than NTNYX's maximum drawdown of -21.49%. Use the drawdown chart below to compare losses from any high point for NSBRX and NTNYX.

Drawdown Indicators

	NSBRX	NTNYX	Difference
Max Drawdown Largest peak-to-trough decline	-45.14%	-21.49%	-23.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-2.46%	-5.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.89%	-7.76%	-7.13%
Max Drawdown (5Y) Largest decline over 5 years	-19.79%	-17.65%	-2.14%
Max Drawdown (10Y) Largest decline over 10 years	-33.69%	-17.65%	-16.04%
Current Drawdown Current decline from peak	-1.82%	0.00%	-1.82%
Average Drawdown Average peak-to-trough decline	-5.25%	-2.43%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	0.83%	+1.38%

Volatility

NSBRX vs. NTNYX - Volatility Comparison

Nuveen Dividend Growth Fund (NSBRX) has a higher volatility of 3.08% compared to Nuveen New York Municipal Bond Fund (NTNYX) at 0.83%. This indicates that NSBRX's price experiences larger fluctuations and is considered to be riskier than NTNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSBRX	NTNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	0.83%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	2.11%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	10.02%	2.97%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	4.67%	+9.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	4.53%	+12.07%

NSBRX vs. NTNYX - Expense Ratio Comparison

NSBRX has a 0.67% expense ratio, which is higher than NTNYX's 0.55% expense ratio.

Dividends

NSBRX vs. NTNYX - Dividend Comparison

NSBRX's dividend yield for the trailing twelve months is around 11.84%, more than NTNYX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSBRX Nuveen Dividend Growth Fund	11.84%	9.26%	6.82%	3.01%	3.58%	3.67%	4.68%	15.68%	7.04%	4.57%	1.75%	6.24%
NTNYX Nuveen New York Municipal Bond Fund	3.80%	4.18%	4.16%	3.84%	3.39%	2.81%	2.99%	3.45%	3.42%	3.66%	3.84%	3.88%

Frequently Asked Questions

Can I hold both NSBRX and NTNYX in my portfolio?

NSBRX and NTNYX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NSBRX or NTNYX?

NSBRX has higher volatility (3.08%) compared to NTNYX (0.83%). In terms of maximum drawdown, NSBRX dropped -45.14% vs NTNYX's -21.49%.

Which has better risk-adjusted returns?

NTNYX currently has the higher Sharpe Ratio (2.47 vs 1.05), 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.