NYF vs. NXN
Compare and contrast key facts about iShares New York Muni Bond ETF (NYF) and Nuveen New York Select Tax-Free Income Portfolio (NXN).
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: NYF or NXN.
Correlation
The correlation between NYF and NXN 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
NYF vs. NXN - Performance Comparison
Key characteristics
NYF:
0.43
NXN:
0.32
NYF:
0.60
NXN:
0.50
NYF:
1.08
NXN:
1.06
NYF:
0.32
NXN:
0.22
NYF:
1.61
NXN:
1.06
NYF:
0.89%
NXN:
2.52%
NYF:
3.34%
NXN:
8.33%
NYF:
-13.12%
NXN:
-21.95%
NYF:
-1.82%
NXN:
-9.14%
Returns By Period
In the year-to-date period, NYF achieves a 1.16% return, which is significantly lower than NXN's 2.42% return. Over the past 10 years, NYF has underperformed NXN with an annualized return of 1.92%, while NXN has yielded a comparatively higher 2.10% annualized return.
NYF
1.16%
-0.35%
0.94%
1.36%
0.84%
1.92%
NXN
2.42%
-2.47%
0.38%
2.69%
-0.14%
2.10%
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Risk-Adjusted Performance
NYF vs. NXN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) and Nuveen New York Select Tax-Free Income Portfolio (NXN). 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. NXN - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 2.77%, less than NXN's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 2.77% | 2.36% | 2.04% | 1.84% | 1.97% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% | 3.05% |
NXN Nuveen New York Select Tax-Free Income Portfolio | 4.30% | 4.14% | 3.57% | 3.13% | 3.39% | 3.42% | 3.92% | 4.03% | 4.17% | 4.03% | 4.35% | 4.75% |
Drawdowns
NYF vs. NXN - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, smaller than the maximum NXN drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for NYF and NXN. For additional features, visit the drawdowns tool.
Volatility
NYF vs. NXN - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 0.99%, while Nuveen New York Select Tax-Free Income Portfolio (NXN) has a volatility of 1.87%. This indicates that NYF experiences smaller price fluctuations and is considered to be less risky than NXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.