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.
Key characteristics
| NYF | NXN | |
|---|---|---|
| YTD Return | 1.32% | 5.49% |
| 1Y Return | 5.74% | 10.96% |
| 3Y Return (Ann) | -0.27% | -2.21% |
| 5Y Return (Ann) | 0.98% | 0.82% |
| 10Y Return (Ann) | 2.03% | 2.30% |
| Sharpe Ratio | 1.86 | 1.45 |
| Sortino Ratio | 2.73 | 2.09 |
| Omega Ratio | 1.37 | 1.28 |
| Calmar Ratio | 0.92 | 0.75 |
| Martin Ratio | 7.71 | 5.31 |
| Ulcer Index | 0.86% | 2.41% |
| Daily Std Dev | 3.57% | 8.82% |
| Max Drawdown | -13.12% | -21.98% |
| Current Drawdown | -1.66% | -6.47% |
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
In the year-to-date period, NYF achieves a 1.32% return, which is significantly lower than NXN's 5.49% return. Over the past 10 years, NYF has underperformed NXN with an annualized return of 2.03%, while NXN has yielded a comparatively higher 2.30% annualized return. 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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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 2.72%, less than NXN's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 2.72% | 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 | 3.78% | 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 -21.98%. 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 1.77%, while Nuveen New York Select Tax-Free Income Portfolio (NXN) has a volatility of 2.45%. 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.