MYN vs NNY: Correlation
Blackrock MuniYield New York Quality Fund, Inc. (MYN) and Nuveen New York Municipal Value Fund (NNY) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYN and NNY?
Across a 3-year window, the weekly returns of MYN and NNY correlate at 0.61, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 56.8 %².
By 3-year correlation, NNY places #9 of the 15 assets tracked against MYN. On 12-month performance MYN holds a 5.6-point edge, +11.6% against +6.0%.
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.
MYN vs NNY: side by side
| MYN (Blackrock MuniYield New York Quality Fund, Inc.) | NNY (Nuveen New York Municipal Value Fund) | |
|---|---|---|
| 1-year return | +11.6% | +6.0% |
| 5-year return | -12.0% | -2.8% |
| Volatility (ann.) | 10.7% | 8.8% |
| Beta vs S&P 500 | 0.24 | 0.19 |
| Max drawdown (3Y) | -11.2% | -8.2% |
| Market cap | $0.4B | – |
| P/E (trailing) | 60.9 | 25.5 |
| Dividend yield | 6.30% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYN | NNY |
|---|---|---|
| 2022 | -27.0% | -13.4% |
| 2023 | +9.9% | +4.3% |
| 2024 | +2.8% | +1.2% |
| 2025 | +4.6% | +11.2% |
| 2026 | +2.4% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYN and NNY good diversifiers for each other?
Only partially. A correlation of 0.61 means MYN and NNY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MYN and NNY?
The MYN/NNY correlation stands at 0.61 on a 3-year window (1 year: 0.57, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is NNY a good diversifier for MYN?
Only partially. A correlation of 0.61 means MYN and NNY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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
$ curl https://www.pairbook.io/api/v1/pairs/myn-vs-nny.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/myn-vs-nny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MYN correlations · NNY correlations
