NYF vs. MUB
Compare and contrast key facts about iShares New York Muni Bond ETF (NYF) and iShares National AMT-Free Muni Bond ETF (MUB).
NYF and MUB 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. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. Both NYF and MUB 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 MUB.
Key characteristics
| NYF | MUB | |
|---|---|---|
| YTD Return | -0.14% | -0.46% |
| 1Y Return | 2.80% | 2.76% |
| 3Y Return (Ann) | -0.62% | -0.62% |
| 5Y Return (Ann) | 1.06% | 1.26% |
| 10Y Return (Ann) | 2.10% | 2.17% |
| Sharpe Ratio | 0.66 | 0.63 |
| Daily Std Dev | 4.15% | 4.32% |
| Max Drawdown | -13.12% | -13.68% |
| Current Drawdown | -3.07% | -3.18% |
Correlation
The correlation between NYF and MUB is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NYF vs. MUB - Performance Comparison
In the year-to-date period, NYF achieves a -0.14% return, which is significantly higher than MUB's -0.46% return. Both investments have delivered pretty close results over the past 10 years, with NYF having a 2.10% annualized return and MUB not far ahead at 2.17%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NYF vs. MUB - Expense Ratio Comparison
NYF has a 0.25% expense ratio, which is higher than MUB's 0.07% 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. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 2.51%, less than MUB's 2.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 2.51% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% | 3.05% |
MUB iShares National AMT-Free Muni Bond ETF | 2.80% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
NYF vs. MUB - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, roughly equal to the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for NYF and MUB. For additional features, visit the drawdowns tool.
Volatility
NYF vs. MUB - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 0.66%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 0.71%. This indicates that NYF experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.