NTNYX vs. NPSRX
NTNYX (Nuveen New York Municipal Bond Fund) and NPSRX (Nuveen Preferred Securities & Income Fund) are both mutual funds - NTNYX is a Municipal Bonds fund managed by Nuveen, while NPSRX is a Preferred Stock fund managed by Nuveen. Over the past 10 years, NTNYX returned 1.72%/yr vs 4.91%/yr for NPSRX. Their 0.25 correlation means their historical movements had little consistent relationship. NTNYX charges 0.55%/yr vs 0.74%/yr for NPSRX.
Performance
NTNYX vs. NPSRX - Performance Comparison
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Returns By Period
In the year-to-date period, NTNYX achieves a 0.80% return, which is significantly higher than NPSRX's 0.35% return. Over the past 10 years, NTNYX has underperformed NPSRX with an annualized return of 1.72%, while NPSRX has yielded a comparatively higher 4.91% annualized return.
NTNYX
- 1D
- -0.31%
- 1M
- -2.06%
- 6M
- 0.34%
- YTD
- 0.80%
- 1Y
- 5.77%
- 3Y*
- 2.88%
- 5Y*
- -0.04%
- 10Y*
- 1.72%
- ALL TIME*
- 4.36%
NPSRX
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- -0.32%
- YTD
- 0.35%
- 1Y
- 5.41%
- 3Y*
- 8.89%
- 5Y*
- 3.24%
- 10Y*
- 4.91%
- ALL TIME*
- 5.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NTNYX vs. NPSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTNYX Nuveen New York Municipal Bond Fund | 0.80% | 2.71% | 2.44% | 7.37% | -12.23% | 3.22% | 4.11% | 7.99% | 0.48% | 6.06% |
NPSRX Nuveen Preferred Securities & Income Fund | 0.35% | 11.19% | 9.12% | 6.19% | -9.50% | 5.43% | 5.53% | 17.68% | -5.65% | 11.27% |
Correlation
The correlation between NTNYX and NPSRX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2006 | 0.25 |
Over the past year, NTNYX and NPSRX have become more correlated (0.52) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
NTNYX vs. NPSRX — Risk / Return Rank
NTNYX
NPSRX
NTNYX vs. NPSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Bond Fund (NTNYX) and Nuveen Preferred Securities & Income Fund (NPSRX). 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.
| NTNYX | NPSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.45 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.85 | +0.90 |
| Martin ratioReturn relative to average drawdown | 8.45 | 7.01 | +1.44 |
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Drawdowns
NTNYX vs. NPSRX - Drawdown Comparison
The maximum NTNYX drawdown since its inception was -21.49%, smaller than the maximum NPSRX drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for NTNYX and NPSRX.
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Drawdown Indicators
| NTNYX | NPSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.49% | -62.52% | +41.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.30% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -3.60% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -17.65% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -17.65% | -26.47% | +8.82% |
Current DrawdownCurrent decline from peak | -2.06% | -1.04% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -4.78% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.87% | -0.07% |
Volatility
NTNYX vs. NPSRX - Volatility Comparison
Nuveen New York Municipal Bond Fund (NTNYX) has a higher volatility of 1.01% compared to Nuveen Preferred Securities & Income Fund (NPSRX) at 0.57%. This indicates that NTNYX's price experiences larger fluctuations and is considered to be riskier than NPSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTNYX | NPSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.57% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.43% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 3.03% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 5.00% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 6.31% | -1.78% |
NTNYX vs. NPSRX - Expense Ratio Comparison
NTNYX has a 0.55% expense ratio, which is lower than NPSRX's 0.74% expense ratio.
Dividends
NTNYX vs. NPSRX - Dividend Comparison
NTNYX's dividend yield for the trailing twelve months is around 3.52%, less than NPSRX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | 4.96% | 5.72% | 5.38% | 5.87% | 6.18% | 4.97% | 5.02% | 5.39% | 6.00% | 5.51% | 5.81% | 6.20% |
NTNYX Nuveen New York Municipal Bond Fund | 3.52% | 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
NTNYX and NPSRX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTNYX has higher volatility (1.01%) compared to NPSRX (0.57%). In terms of maximum drawdown, NTNYX dropped -21.49% vs NPSRX's -62.52%.
NTNYX currently has the higher Sharpe Ratio (2.23 vs 2.02), 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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