NYF vs. IGF
NYF (iShares New York Muni Bond ETF) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - NYF is a Municipal Bonds fund tracking the ICE AMT-Free New York Plus Municipal Index, while IGF is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index (Net). Both are passively managed. Over the past 10 years, NYF returned 1.64%/yr vs 8.07%/yr for IGF. Their 0.07 correlation means their historical movements had little consistent relationship. NYF charges 0.09%/yr vs 0.39%/yr for IGF.
Performance
NYF vs. IGF - Performance Comparison
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Returns By Period
In the year-to-date period, NYF achieves a 0.64% return, which is significantly lower than IGF's 10.02% return. Over the past 10 years, NYF has underperformed IGF with an annualized return of 1.64%, while IGF has yielded a comparatively higher 8.07% annualized return.
NYF
- 1D
- 0.25%
- 1M
- -1.56%
- 6M
- -0.13%
- YTD
- 0.64%
- 1Y
- 4.71%
- 3Y*
- 3.02%
- 5Y*
- 0.53%
- 10Y*
- 1.64%
- ALL TIME*
- 3.06%
IGF
- 1D
- 0.21%
- 1M
- -0.45%
- 6M
- 4.08%
- YTD
- 10.02%
- 1Y
- 14.26%
- 3Y*
- 16.91%
- 5Y*
- 10.83%
- 10Y*
- 8.07%
- ALL TIME*
- 4.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.04M | $57.80M | $55.30M | |
| $9.91M | $8.04M | $7.81M |
NYF vs. IGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 0.64% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
IGF iShares Global Infrastructure ETF | 10.02% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
Correlation
The correlation between NYF and IGF is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007 | 0.07 |
Over the past year, NYF and IGF have become more correlated (0.28) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
NYF vs. IGF — Risk / Return Rank
NYF
IGF
NYF vs. IGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) and iShares Global Infrastructure ETF (IGF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NYF | IGF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.44 | -0.73 |
| Martin ratioReturn relative to average drawdown | 5.58 | 6.50 | -0.92 |
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Drawdowns
NYF vs. IGF - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, smaller than the maximum IGF drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for NYF and IGF.
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Drawdown Indicators
| NYF | IGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -58.33% | +45.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -5.87% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -11.31% | +6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | -20.83% | +8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | -42.11% | +28.99% |
Current DrawdownCurrent decline from peak | -1.56% | -2.69% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -11.78% | +9.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.20% | -1.36% |
Volatility
NYF vs. IGF - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 0.87%, while iShares Global Infrastructure ETF (IGF) has a volatility of 2.28%. This indicates that NYF experiences smaller price fluctuations and is considered to be less risky than IGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NYF | IGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 2.28% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 8.89% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 10.70% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 13.95% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 16.71% | -12.23% |
NYF vs. IGF - Expense Ratio Comparison
NYF has a 0.09% expense ratio, which is lower than IGF's 0.39% expense ratio.
Dividends
NYF vs. IGF - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.16%, more than IGF's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 2.90% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
NYF iShares New York Muni Bond ETF | 3.16% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Frequently Asked Questions
NYF and IGF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (2.28%) compared to NYF (0.87%). In terms of maximum drawdown, NYF dropped -13.12% vs IGF's -58.33%.
On 10-year performance, IGF leads with 8.07% vs 1.64% for NYF. On fees, NYF is cheaper at 0.09% per year. On volatility, NYF has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGF has performed better with a 8.07% return vs 1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NYF is cheaper with a 0.09% expense ratio, compared with 0.39% for IGF.
NYF has the higher dividend yield at 3.16%, compared with 2.90% for IGF.
NYF is categorized as Municipal Bonds, while IGF is Infrastructure Equities. NYF tracks ICE AMT-Free New York Plus Municipal Index, while IGF tracks S&P Global Infrastructure Index (Net). Their fees differ too: 0.09% for NYF and 0.39% for IGF.
NYF currently has the higher Sharpe Ratio (1.72 vs 1.35), 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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