Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.07% | -5.27% | -11.25% | -10.61% | -8.20% | -9.96% | -3.24% | -8.58% | -3.49% | -2.64% |
| Market-price total return | -0.07% | -4.82% | -10.03% | -8.18% | -4.50% | -5.20% | +1.35% | -3.93% | +1.49% | +2.96% |
| NAV return | +2.03% | -3.89% | -8.33% | -8.16% | -7.82% | -7.94% | -1.81% | -6.32% | -2.99% | -1.81% |
| NAV total return | +2.03% | -3.47% | -7.16% | -5.83% | -4.36% | -3.42% | +2.57% | -1.73% | +1.94% | +3.71% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.05% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.10% | 0.06% | as above |
| Volatility, 5 years | 0.13% | 0.06% | as above |
| Maximum drawdown, 3 years | -14.89% | -9.34% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | -0.22 | -0.24 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | -0.31 | -0.31 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.32 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.52 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for NYLI MacKay DefinedTerm Muni Opportunities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.