NXN vs. NYF
Compare and contrast key facts about Nuveen New York Select Tax-Free Income Portfolio (NXN) and iShares New York Muni Bond ETF (NYF).
NYF is a passively managed fund by iShares that tracks the performance of the S&P New York AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXN or NYF.
Key characteristics
| NXN | NYF | |
|---|---|---|
| YTD Return | 5.31% | 1.26% |
| 1Y Return | 12.70% | 6.58% |
| 3Y Return (Ann) | -2.26% | -0.28% |
| 5Y Return (Ann) | 0.75% | 0.96% |
| 10Y Return (Ann) | 2.29% | 2.03% |
| Sharpe Ratio | 1.43 | 1.87 |
| Sortino Ratio | 2.06 | 2.75 |
| Omega Ratio | 1.27 | 1.37 |
| Calmar Ratio | 0.73 | 0.86 |
| Martin Ratio | 5.24 | 7.79 |
| Ulcer Index | 2.41% | 0.86% |
| Daily Std Dev | 8.82% | 3.57% |
| Max Drawdown | -21.98% | -13.12% |
| Current Drawdown | -6.63% | -1.71% |
Correlation
The correlation between NXN and NYF is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NXN vs. NYF - Performance Comparison
In the year-to-date period, NXN achieves a 5.31% return, which is significantly higher than NYF's 1.26% return. Over the past 10 years, NXN has outperformed NYF with an annualized return of 2.29%, while NYF has yielded a comparatively lower 2.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NXN vs. NYF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Select Tax-Free Income Portfolio (NXN) and iShares New York Muni Bond ETF (NYF). 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.
Dividends
NXN vs. NYF - Dividend Comparison
NXN's dividend yield for the trailing twelve months is around 4.13%, more than NYF's 2.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXN Nuveen New York Select Tax-Free Income Portfolio | 4.13% | 4.14% | 3.57% | 3.13% | 3.39% | 3.42% | 3.92% | 4.03% | 4.17% | 4.03% | 4.35% | 4.75% |
NYF iShares New York Muni Bond ETF | 2.72% | 2.36% | 2.04% | 1.84% | 1.97% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% | 3.05% |
Drawdowns
NXN vs. NYF - Drawdown Comparison
The maximum NXN drawdown since its inception was -21.98%, which is greater than NYF's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for NXN and NYF. For additional features, visit the drawdowns tool.
Volatility
NXN vs. NYF - Volatility Comparison
Nuveen New York Select Tax-Free Income Portfolio (NXN) has a higher volatility of 2.46% compared to iShares New York Muni Bond ETF (NYF) at 1.79%. This indicates that NXN's price experiences larger fluctuations and is considered to be riskier than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.