NUW vs. DNYMX
NUW (Nuveen AMT-Free Municipal Value Fund) and DNYMX (DFA NY Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, NUW returned 1.30%/yr vs 1.34%/yr for DNYMX. At a 0.18 correlation, their price movements are largely independent.
Performance
NUW vs. DNYMX - Performance Comparison
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Returns By Period
In the year-to-date period, NUW achieves a -0.50% return, which is significantly lower than DNYMX's 0.98% return. Both investments have delivered pretty close results over the past 10 years, with NUW having a 1.30% annualized return and DNYMX not far ahead at 1.34%.
NUW
- 1D
- 0.29%
- 1M
- 0.56%
- YTD
- -0.50%
- 6M
- -0.09%
- 1Y
- 7.50%
- 3Y*
- 4.36%
- 5Y*
- -0.14%
- 10Y*
- 1.30%
DNYMX
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.98%
- 6M
- 1.21%
- 1Y
- 2.99%
- 3Y*
- 2.82%
- 5Y*
- 1.59%
- 10Y*
- 1.34%
NUW vs. DNYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUW Nuveen AMT-Free Municipal Value Fund | -0.50% | 9.90% | 3.51% | 3.79% | -15.19% | 4.93% | 4.39% | 13.99% | -9.94% | 11.94% |
DNYMX DFA NY Municipal Bond Portfolio | 0.98% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
Correlation
The correlation between NUW and DNYMX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.18 |
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Return for Risk
NUW vs. DNYMX — Risk / Return Rank
NUW
DNYMX
NUW vs. DNYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Value Fund (NUW) and DFA NY Municipal Bond Portfolio (DNYMX). 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.
| NUW | DNYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -8.82 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 4.18 | -2.99 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 12.55 | -11.01 |
| Martin ratioReturn relative to average drawdown | 5.09 | 56.41 | -51.31 |
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
| NUW | DNYMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 4.63 | -3.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 1.82 | -1.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 1.28 | -1.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.33 | -0.99 |
Drawdowns
NUW vs. DNYMX - Drawdown Comparison
The maximum NUW drawdown since its inception was -26.43%, which is greater than DNYMX's maximum drawdown of -3.19%. Use the drawdown chart below to compare losses from any high point for NUW and DNYMX.
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Drawdown Indicators
| NUW | DNYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.43% | -3.19% | -23.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -0.24% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -10.19% | -0.98% | -9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -2.53% | -20.05% |
Max Drawdown (10Y)Largest decline over 10 years | -26.43% | -3.19% | -23.24% |
Current DrawdownCurrent decline from peak | -3.91% | 0.00% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -0.42% | -7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.05% | +1.43% |
Volatility
NUW vs. DNYMX - Volatility Comparison
Nuveen AMT-Free Municipal Value Fund (NUW) has a higher volatility of 2.27% compared to DFA NY Municipal Bond Portfolio (DNYMX) at 0.20%. This indicates that NUW's price experiences larger fluctuations and is considered to be riskier than DNYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUW | DNYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 0.20% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 0.49% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.55% | 0.65% | +6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 0.88% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.16% | 1.05% | +11.11% |
Dividends
NUW vs. DNYMX - Dividend Comparison
NUW's dividend yield for the trailing twelve months is around 4.16%, more than DNYMX's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 2.65% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
NUW Nuveen AMT-Free Municipal Value Fund | 4.16% | 4.07% | 3.89% | 3.58% | 3.44% | 3.98% | 2.85% | 3.87% | 5.34% | 5.33% | 4.72% | 4.45% |
Frequently Asked Questions
NUW and DNYMX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUW has higher volatility (2.27%) compared to DNYMX (0.20%). In terms of maximum drawdown, NUW dropped -26.43% vs DNYMX's -3.19%.
DNYMX currently has the higher Sharpe Ratio (4.63 vs 1.00), 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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