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 -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NXN vs. NYF - Performance Comparison
Loading data...
Key characteristics
NXN:
0.34
NYF:
0.08
NXN:
0.72
NYF:
0.16
NXN:
1.09
NYF:
1.02
NXN:
0.31
NYF:
0.10
NXN:
1.51
NYF:
0.31
NXN:
2.41%
NYF:
1.52%
NXN:
7.26%
NYF:
4.64%
NXN:
-21.98%
NYF:
-13.12%
NXN:
-6.74%
NYF:
-2.66%
Returns By Period
In the year-to-date period, NXN achieves a 4.41% return, which is significantly higher than NYF's -0.85% return. Over the past 10 years, NXN has outperformed NYF with an annualized return of 2.41%, while NYF has yielded a comparatively lower 1.82% annualized return.
NXN
4.41%
2.66%
-0.62%
2.93%
1.54%
2.41%
NYF
-0.85%
1.63%
-0.86%
0.51%
0.86%
1.82%
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 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.
Loading data...
Dividends
NXN vs. NYF - Dividend Comparison
NXN's dividend yield for the trailing twelve months is around 4.28%, more than NYF's 2.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXN Nuveen New York Select Tax-Free Income Portfolio | 4.28% | 4.37% | 4.12% | 3.55% | 3.10% | 3.34% | 3.38% | 3.92% | 4.03% | 4.17% | 4.03% | 4.32% |
NYF iShares New York Muni Bond ETF | 2.90% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 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 -21.98%, 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.
Loading data...
Volatility
NXN vs. NYF - Volatility Comparison
Nuveen New York Select Tax-Free Income Portfolio (NXN) has a higher volatility of 2.76% compared to iShares New York Muni Bond ETF (NYF) at 1.45%. 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.
Loading data...