NYF vs. AGZ
Compare and contrast key facts about iShares New York Muni Bond ETF (NYF) and iShares Agency Bond ETF (AGZ).
NYF and AGZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008. Both NYF and AGZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NYF or AGZ.
Correlation
The correlation between NYF and AGZ 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
NYF vs. AGZ - Performance Comparison
Key characteristics
NYF:
0.08
AGZ:
1.72
NYF:
0.16
AGZ:
2.55
NYF:
1.02
AGZ:
1.32
NYF:
0.10
AGZ:
1.08
NYF:
0.31
AGZ:
6.76
NYF:
1.52%
AGZ:
0.80%
NYF:
4.64%
AGZ:
3.22%
NYF:
-13.12%
AGZ:
-11.23%
NYF:
-2.66%
AGZ:
-0.56%
Returns By Period
In the year-to-date period, NYF achieves a -0.85% return, which is significantly lower than AGZ's 2.22% return. Both investments have delivered pretty close results over the past 10 years, with NYF having a 1.80% annualized return and AGZ not far behind at 1.72%.
NYF
-0.85%
2.01%
-0.86%
0.36%
0.84%
1.80%
AGZ
2.22%
0.61%
2.20%
5.50%
0.33%
1.72%
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NYF vs. AGZ - Expense Ratio Comparison
NYF has a 0.25% expense ratio, which is higher than AGZ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
NYF vs. AGZ — Risk-Adjusted Performance Rank
NYF
AGZ
NYF vs. AGZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) and iShares Agency Bond ETF (AGZ). 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
NYF vs. AGZ - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 2.90%, less than AGZ's 3.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
AGZ iShares Agency Bond ETF | 3.60% | 3.48% | 3.14% | 1.56% | 0.71% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% |
Drawdowns
NYF vs. AGZ - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, which is greater than AGZ's maximum drawdown of -11.23%. Use the drawdown chart below to compare losses from any high point for NYF and AGZ. For additional features, visit the drawdowns tool.
Volatility
NYF vs. AGZ - Volatility Comparison
iShares New York Muni Bond ETF (NYF) has a higher volatility of 1.45% compared to iShares Agency Bond ETF (AGZ) at 0.85%. This indicates that NYF's price experiences larger fluctuations and is considered to be riskier than AGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.