MYN vs RSF: Correlation
Blackrock MuniYield New York Quality Fund, Inc. (MYN) and RiverNorth Capital and Income Fund (RSF) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYN and RSF?
On 3 years of weekly data the MYN/RSF correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.43 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 25.0 %².
Within MYN's tracked universe of 15 assets, RSF comes in at #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +11.6% for MYN and +10.1% for RSF. One caveat on sizing: MYN is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RSF: side by side
| MYN (Blackrock MuniYield New York Quality Fund, Inc.) | RSF (RiverNorth Capital and Income Fund) | |
|---|---|---|
| 1-year return | +11.6% | +10.1% |
| 5-year return | -12.0% | +30.6% |
| Volatility (ann.) | 10.7% | 5.4% |
| Beta vs S&P 500 | 0.24 | 0.06 |
| Max drawdown (3Y) | -11.2% | -5.0% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 60.9 | 13.3 |
| Dividend yield | 6.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYN | RSF |
|---|---|---|
| 2022 | -27.0% | -1.6% |
| 2023 | +9.9% | +3.8% |
| 2024 | +2.8% | +10.6% |
| 2025 | +4.6% | +4.6% |
| 2026 | +2.4% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYN and RSF good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MYN and RSF?
The MYN/RSF correlation stands at 0.43 on a 3-year window (1 year: 0.17, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is RSF a good diversifier for MYN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MYN correlations · RSF correlations
