MUC vs MYN: Correlation
Measured on weekly returns over the past three years, Blackrock MuniHoldings California Quality Fund, Inc. (MUC) and Blackrock MuniYield New York Quality Fund, Inc. (MYN) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MUC and MYN?
On 3 years of weekly data the MUC/MYN correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.75 over 1 year against 0.82 over 3. The 5-year figure is 0.81, and annualized covariance runs at 96.1 %².
Among the 15 assets we track against MUC, MYN ranks #5 by 3-year correlation. Neither side won the trailing year by much: +10.9% against +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.
MUC vs MYN: side by side
| MUC (Blackrock MuniHoldings California Quality Fund, Inc.) | MYN (Blackrock MuniYield New York Quality Fund, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | +11.6% |
| 5-year return | -13.2% | -12.0% |
| Volatility (ann.) | 10.9% | 10.7% |
| Beta vs S&P 500 | 0.25 | 0.24 |
| Max drawdown (3Y) | -10.7% | -11.2% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 46.3 | 60.9 |
| Dividend yield | 6.04% | 6.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MUC | MYN |
|---|---|---|
| 2022 | -26.8% | -27.0% |
| 2023 | +7.9% | +9.9% |
| 2024 | +0.8% | +2.8% |
| 2025 | +6.0% | +4.6% |
| 2026 | +4.6% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MUC and MYN good diversifiers for each other?
No. With a correlation of 0.82, MUC and MYN move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between MUC and MYN?
As of 2026-08-27, the correlation of weekly returns between MUC and MYN is 0.82 over 3 years, 0.75 over 1 year and 0.81 over 5 years.
Is MYN a good diversifier for MUC?
No. With a correlation of 0.82, MUC and MYN move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MUC correlations · MYN correlations
