Nuveen California Quality Municipal Income Fund (NAC) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NAC. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NAC
NAC charges 0.04% annually. There are 12 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | NAC vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NAC vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NAC vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NAC vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NAC vs MMD |
Best Risk-Adjusted Alternatives to NAC
NAC has a PortfoliosLab risk / return rank of 79. There are 53 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NAC vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NAC vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NAC vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NAC vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NAC vs DFSMX |
Top Performing NAC Alternatives (YTD)
NAC is at 5.76% YTD. There are 11 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 17.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 17.05% | — | Jan 1993 | NAC vs NMT | |
| Nuveen Arizona Quality Municipal Income Fund | 11.83% | — | Nov 1992 | NAC vs NAZ | |
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | NAC vs NMI | |
| RiverNorth Opportunistic Municipal Income Fund | 10.14% | — | — | NAC vs RMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | NAC vs NRK |
Lowest Volatility Alternatives to NAC
NAC has 7.73% 1-year volatility. There are 466 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NAC vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NAC vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NAC vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NAC vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NAC vs DFSMX |
Lowest Drawdown Alternatives to NAC
NAC has a 1-year max drawdown of -4.96%. There are 465 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | NAC vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NAC vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NAC vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NAC vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NAC vs FHMIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, NHMRX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 78 | 13.61% | — | Jan 2007 | NAC vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 17 | 4.38% | — | Nov 2005 | NAC vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 52 | 2.90% | — | Jun 1999 | NAC vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 1.57% | — | Jun 2003 | NAC vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.11% | — | Mar 2006 | NAC vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 79 | 0.72% | — | Dec 2006 | NAC vs NPSRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 11 | 0.76% | — | Mar 2003 | NAC vs JPC | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 64 | 15.64% | — | Dec 1987 | NAC vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 57 | 1.82% | — | Jan 2013 | NAC vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.30% | — | May 2009 | NAC vs NVLIX |
Often Compared With NAC
Investors most often compare NAC with SCD, NMS, MUC. These 9 comparison targets span 5 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| LMP Capital and Income Fund Inc. | Diversified Portfolio | 7 | 9.56% | — | — | NAC vs SCD | |
| Nuveen Minnesota Quality Municipal Income Fund | Municipal Bonds | 62 | 7.18% | — | Jun 1993 | NAC vs NMS | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 24 | 4.25% | — | Feb 1998 | NAC vs MUC | |
| Vanguard S&P 500 ETF | S&P 500 | 75 | 11.69% | 1.60T | Sep 2010 | NAC vs VOO | |
| Nuveen California Municipal Value Fund | Municipal Bonds | 18 | 4.88% | — | Oct 1987 | NAC vs NCA | |
| Nuveen Equity Long/Short Fund | Long-Short | 59 | 7.96% | — | Dec 2008 | NAC vs NELIX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 32 | 7.07% | — | Mar 1993 | NAC vs NPV | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | Municipal Bonds | 91 | 1.07% | — | Jan 1993 | NAC vs PRMDX | |
| Nuveen Real Estate Securities Fund | REIT | 17 | 11.30% | — | Jun 1995 | NAC vs FARCX |
Compare NAC with Any Fund or Stock
Compare NAC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NAC with funds that move differently
Nuveen California Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NAC.
Explore NAC Diversifiers