NNY vs VOO
Nuveen New York Municipal Value Fund Inc. vs Vanguard S&P 500 ETF
Quick Verdict
VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NNY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.03% | |
| AUM | - | $979.0B | |
| Dividend Yield | 3.96% | 1.09% | |
| Holdings | 134 | 509 | |
| YTD Return | +0.15% | +14.48% | |
| 1Y Return | +7.61% | +22.02% | |
| 3Y Return (annualized) | +4.15% | +21.80% | |
| 5Y Return (annualized) | -0.26% | +13.36% | |
| Volatility (annualized) | 8.5% | 14.2% | |
| Max Drawdown | -40.0% | -34.3% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 7, 1987 | Sep 7, 2010 |
NNY vs VOO Performance
Nuveen New York Municipal Value Fund Inc. (NNY) is a ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NNY returned +7.61% while VOO returned +22.02%. Year to date, NNY is up 0.15% versus a gain of 14.48% for VOO.
Over three years, NNY compounded at +4.15% per year against +21.80% for VOO; over five years the annualized figures are -0.26% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs -0.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 8.5% for NNY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.0% for NNY and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NNY and VOO share 0 holdings out of 577 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, NNY or VOO?
Over the past year NNY returned +7.61% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NNY annualized -0.22% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, NNY or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 8.5% for NNY. Worst drawdown: NNY -40.0% vs VOO -34.3%.
Should I hold both NNY and VOO?
NNY and VOO have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NNY and VOO?
NNY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, NNY or VOO?
NNY yields 3.96% while VOO yields 1.09%, so NNY currently pays the higher dividend yield.
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