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 -0.03. 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. NXN - Performance Comparison
Key characteristics
NYF:
0.08
NXN:
0.34
NYF:
0.16
NXN:
0.72
NYF:
1.02
NXN:
1.09
NYF:
0.10
NXN:
0.31
NYF:
0.31
NXN:
1.51
NYF:
1.52%
NXN:
2.41%
NYF:
4.64%
NXN:
7.26%
NYF:
-13.12%
NXN:
-21.98%
NYF:
-2.66%
NXN:
-6.74%
Returns By Period
In the year-to-date period, NYF achieves a -0.85% return, which is significantly lower than NXN's 4.41% return. Over the past 10 years, NYF has underperformed NXN with an annualized return of 1.80%, while NXN has yielded a comparatively higher 2.37% annualized return.
NYF
-0.85%
2.01%
-0.86%
0.36%
0.84%
1.80%
NXN
4.41%
2.57%
-0.62%
2.41%
1.49%
2.37%
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Risk-Adjusted Performance
NYF vs. NXN — Risk-Adjusted Performance Rank
NYF
NXN
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 2.90%, less than NXN's 4.28% 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% |
NXN Nuveen New York Select Tax-Free Income Portfolio | 4.28% | 4.37% | 4.12% | 3.55% | 3.10% | 3.34% | 3.38% | 3.92% | 4.03% | 4.17% | 4.03% | 4.32% |
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 1.45%, while Nuveen New York Select Tax-Free Income Portfolio (NXN) has a volatility of 2.76%. 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.