ROBNX vs. NRK

Last updated Jun 24, 2026

ROBNX (Robinson Tax Advantaged Income Fund) and NRK (Nuveen New York AMT Free Quality Municipal Income) are both Municipal Bonds funds. Over the past 10 years, ROBNX returned 2.48%/yr vs 2.37%/yr for NRK. A 0.53 correlation means they provide meaningful diversification when combined. ROBNX charges 1.33%/yr vs 2.16%/yr for NRK.

Performance

ROBNX vs. NRK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Robinson Tax Advantaged Income Fund (ROBNX) and Nuveen New York AMT Free Quality Municipal Income (NRK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROBNX achieves a 4.32% return, which is significantly lower than NRK's 9.70% return. Both investments have delivered pretty close results over the past 10 years, with ROBNX having a 2.48% annualized return and NRK not far behind at 2.37%.

ROBNX

• 1D: 0.11%
• 1M: 2.00%
• YTD: 4.32%
• 6M: 5.04%
• 1Y: 10.90%
• 3Y*: 6.72%
• 5Y*: 1.95%
• 10Y*: 2.48%

NRK

• 1D: 0.38%
• 1M: 3.94%
• YTD: 9.70%
• 6M: 10.68%
• 1Y: 18.60%
• 3Y*: 8.01%
• 5Y*: 0.31%
• 10Y*: 2.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ROBNX vs. NRK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROBNX Robinson Tax Advantaged Income Fund	4.32%	2.89%	8.89%	3.06%	-8.79%	9.27%	0.71%	15.11%	-6.19%	4.99%
NRK Nuveen New York AMT Free Quality Municipal Income	9.70%	4.74%	5.93%	7.03%	-21.84%	6.24%	4.08%	21.43%	-5.98%	6.16%

Correlation

The correlation between ROBNX and NRK is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.53

The correlation between ROBNX and NRK has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.

Return for Risk

ROBNX vs. NRK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ROBNX

ROBNX Risk / Return Rank: 64
ROBNX Sharpe Ratio Rank: 65
ROBNX Sortino Ratio Rank: 81
ROBNX Omega Ratio Rank: 77
ROBNX Calmar Ratio Rank: 39
ROBNX Martin Ratio Rank: 56

NRK

NRK Risk / Return Rank: 70
NRK Sharpe Ratio Rank: 67
NRK Sortino Ratio Rank: 82
NRK Omega Ratio Rank: 72
NRK Calmar Ratio Rank: 81
NRK Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ROBNX vs. NRK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Robinson Tax Advantaged Income Fund (ROBNX) and Nuveen New York AMT Free Quality Municipal Income (NRK). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ROBNX	NRK	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.20	-0.02
Sortino ratio: Return per unit of downside risk	3.54	3.59	-0.04
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	2.24	3.51	-1.28
Martin ratio: Return relative to average drawdown	10.70	9.37	+1.33

ROBNX vs. NRK - Sharpe Ratio Comparison

The current ROBNX Sharpe Ratio is 2.18, which is comparable to the NRK Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ROBNX and NRK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ROBNX vs. NRK - Drawdown Comparison

The maximum ROBNX drawdown since its inception was -27.51%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for ROBNX and NRK.

Drawdown Indicators

	ROBNX	NRK	Difference
Max Drawdown Largest peak-to-trough decline	-27.51%	-40.18%	+12.67%
Max Drawdown (1Y) Largest decline over 1 year	-4.89%	-5.32%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-10.21%	-12.67%	+2.46%
Max Drawdown (5Y) Largest decline over 5 years	-17.50%	-31.06%	+13.56%
Max Drawdown (10Y) Largest decline over 10 years	-27.51%	-31.06%	+3.55%
Current Drawdown Current decline from peak	0.00%	-1.01%	+1.01%
Average Drawdown Average peak-to-trough decline	-4.60%	-8.17%	+3.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	1.99%	-0.97%

Volatility

ROBNX vs. NRK - Volatility Comparison

The current volatility for Robinson Tax Advantaged Income Fund (ROBNX) is 1.39%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 3.31%. This indicates that ROBNX experiences smaller price fluctuations and is considered to be less risky than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROBNX	NRK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	3.31%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	6.66%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	8.51%	-3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.82%	9.95%	-3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.22%	10.35%	-1.13%

ROBNX vs. NRK - Expense Ratio Comparison

ROBNX has a 1.33% expense ratio, which is lower than NRK's 2.16% expense ratio.

Dividends

ROBNX vs. NRK - Dividend Comparison

ROBNX's dividend yield for the trailing twelve months is around 4.11%, less than NRK's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRK Nuveen New York AMT Free Quality Municipal Income	7.75%	8.21%	6.74%	4.06%	5.41%	4.18%	4.15%	3.98%	4.68%	4.85%	5.37%	5.44%
ROBNX Robinson Tax Advantaged Income Fund	4.11%	3.66%	4.13%	2.01%	3.52%	7.91%	3.13%	3.24%	4.26%	5.15%	5.22%	4.72%

Frequently Asked Questions

Can I hold both ROBNX and NRK in my portfolio?

ROBNX and NRK have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROBNX or NRK?

NRK has higher volatility (3.31%) compared to ROBNX (1.39%). In terms of maximum drawdown, ROBNX dropped -27.51% vs NRK's -40.18%.

Which has better risk-adjusted returns?

NRK currently has the higher Sharpe Ratio (2.20 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.