NNY vs VYM
Nuveen New York Municipal Value Fund Inc. vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | NNY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.04% | |
| AUM | - | $79.0B | |
| Dividend Yield | 3.96% | 2.86% | |
| Holdings | 134 | 568 | |
| YTD Return | +0.15% | +16.78% | |
| 1Y Return | +7.61% | +24.43% | |
| 3Y Return (annualized) | +4.15% | +18.60% | |
| 5Y Return (annualized) | -0.26% | +12.30% | |
| Volatility (annualized) | 8.5% | 14.6% | |
| Max Drawdown | -40.0% | -58.8% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 7, 1987 | Nov 10, 2006 |
NNY vs VYM Performance
Nuveen New York Municipal Value Fund Inc. (NNY) is a ETF from Nuveen and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NNY returned +7.61% while VYM returned +24.43%. Year to date, NNY is up 0.15% versus a gain of 16.78% for VYM.
Over three years, NNY compounded at +4.15% per year against +18.60% for VYM; over five years the annualized figures are -0.26% and +12.30% respectively. Across the full 20-year window we track, VYM has the edge at +7.11% annualized vs -0.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NNY and VYM share 0 holdings out of 630 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 VYM?
Over the past year NNY returned +7.61% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), NNY annualized -0.22% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, NNY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.5% for NNY. Worst drawdown: NNY -40.0% vs VYM -58.8%.
Should I hold both NNY and VYM?
NNY and VYM have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NNY and VYM?
NNY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 630 unique securities.
Which pays a higher dividend, NNY or VYM?
NNY yields 3.96% while VYM yields 2.86%, so NNY currently pays the higher dividend yield.
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