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.
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
Key characteristics
NXN:
0.30
NYF:
0.32
NXN:
0.48
NYF:
0.45
NXN:
1.06
NYF:
1.06
NXN:
0.20
NYF:
0.25
NXN:
0.80
NYF:
1.10
NXN:
2.90%
NYF:
1.01%
NXN:
7.33%
NYF:
3.48%
NXN:
-21.95%
NYF:
-13.12%
NXN:
-7.51%
NYF:
-1.31%
Returns By Period
In the year-to-date period, NXN achieves a 3.50% return, which is significantly higher than NYF's 0.53% return. Over the past 10 years, NXN has outperformed NYF with an annualized return of 1.99%, while NYF has yielded a comparatively lower 1.85% annualized return.
NXN
3.50%
2.15%
1.75%
3.28%
0.08%
1.99%
NYF
0.53%
0.44%
0.18%
2.03%
0.66%
1.85%
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Risk-Adjusted Performance
NXN vs. NYF — Risk-Adjusted Performance Rank
NXN
NYF
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 4.25%, more than NYF's 2.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXN Nuveen New York Select Tax-Free Income Portfolio | 4.25% | 4.37% | 4.14% | 3.57% | 3.13% | 3.39% | 3.42% | 3.92% | 4.03% | 4.17% | 4.03% | 4.35% |
NYF iShares New York Muni Bond ETF | 2.78% | 2.77% | 2.36% | 2.04% | 1.84% | 1.97% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% |
Drawdowns
NXN vs. NYF - Drawdown Comparison
The maximum NXN drawdown since its inception was -21.95%, 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 1.46% compared to iShares New York Muni Bond ETF (NYF) at 1.12%. 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.