BHV vs MYN: Correlation
Measured on weekly returns over the past three years, BlackRock Virginia Municipal Bond Trust (BHV) and Blackrock MuniYield New York Quality Fund, Inc. (MYN) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHV and MYN?
Over the past 3 years, BHV and MYN moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 82.8 %².
In BHV's tracked universe of 10 assets, MYN sits right near the top at #1. Correlation aside, the last 12 months split them widely, with BHV ahead by 19.9 points (+31.5% versus +11.6%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BHV vs MYN: side by side
| BHV (BlackRock Virginia Municipal Bond Trust) | MYN (Blackrock MuniYield New York Quality Fund, Inc.) | |
|---|---|---|
| 1-year return | +31.5% | +11.6% |
| 5-year return | -16.7% | -12.0% |
| Volatility (ann.) | 12.5% | 10.7% |
| Beta vs S&P 500 | 0.20 | 0.24 |
| Max drawdown (3Y) | -11.5% | -11.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 4.82% | 6.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHV | MYN |
|---|---|---|
| 2022 | -36.1% | -27.0% |
| 2023 | -1.0% | +9.9% |
| 2024 | +6.0% | +2.8% |
| 2025 | +0.8% | +4.6% |
| 2026 | +24.4% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHV and MYN good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BHV and MYN?
The BHV/MYN correlation stands at 0.62 on a 3-year window (1 year: 0.41, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is MYN a good diversifier for BHV?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BHV correlations · MYN correlations
