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:
0.07
NXN:
0.28
NYF:
0.11
NXN:
0.43
NYF:
1.02
NXN:
1.05
NYF:
0.07
NXN:
0.17
NYF:
0.24
NXN:
0.90
NYF:
1.31%
NXN:
2.28%
NYF:
4.54%
NXN:
7.26%
NYF:
-13.12%
NXN:
-21.98%
NYF:
-3.78%
NXN:
-10.03%
Returns By Period
In the year-to-date period, NYF achieves a -1.99% return, which is significantly lower than NXN's 0.73% return. Over the past 10 years, NYF has underperformed NXN with an annualized return of 1.61%, while NXN has yielded a comparatively higher 1.71% annualized return.
NYF
-1.99%
-1.84%
-2.67%
0.20%
0.53%
1.61%
NXN
0.73%
-3.17%
-5.23%
1.70%
1.26%
1.71%
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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 4.05% 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 | 4.05% | 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 2.92%, while Nuveen New York Select Tax-Free Income Portfolio (NXN) has a volatility of 3.41%. 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.