Nuveen Arizona Quality Municipal Income Fund (NAZ) 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 NAZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NAZ
NAZ charges 0.03% annually. There are 5 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 | NAZ vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NAZ vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NAZ vs EIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NAZ vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NAZ vs NIM |
Best Risk-Adjusted Alternatives to NAZ
NAZ has a PortfoliosLab risk / return rank of 57. There are 425 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 | NAZ vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NAZ vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NAZ vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NAZ vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NAZ vs ATOIX |
Top Performing NAZ Alternatives (YTD)
NAZ is at 13.56% YTD. There is 1 mutual fund in the Municipal Bonds category with a higher YTD return, going as high as 16.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 16.51% | — | Jan 1993 | NAZ vs NMT | |
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | NAZ vs NMI | |
| RiverNorth Opportunistic Municipal Income Fund | 9.92% | — | — | NAZ vs RMI | |
| Nuveen Minnesota Quality Municipal Income Fund | 7.31% | — | Jun 1993 | NAZ vs NMS | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 7.11% | — | — | NAZ vs RFMZ |
Lowest Volatility Alternatives to NAZ
NAZ has 11.51% 1-year volatility. There are 491 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 | NAZ vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NAZ vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NAZ vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NAZ vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NAZ vs DFSMX |
Lowest Drawdown Alternatives to NAZ
NAZ has a 1-year max drawdown of -6.66%. There are 478 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 | NAZ vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NAZ vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NAZ vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NAZ vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NAZ vs TFCYX |
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 | 71 | 11.82% | — | Jan 2007 | NAZ vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.81% | — | Nov 2005 | NAZ vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.18% | — | Jun 1999 | NAZ vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 0.73% | — | Jun 2003 | NAZ vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.56% | — | Mar 2006 | NAZ vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 76 | 0.72% | — | Dec 2006 | NAZ vs NPSRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 11 | 0.12% | — | Mar 2003 | NAZ vs JPC | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 70 | 17.58% | — | Dec 1987 | NAZ vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 62 | 1.93% | — | Jan 2013 | NAZ vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.51% | — | May 2009 | NAZ vs NVLIX |
Often Compared With NAZ
Investors most often compare NAZ with NCA, BSNIX, NAC. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare NAZ with Any Fund or Stock
Compare NAZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NAZ with funds that move differently
Nuveen Arizona Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NAZ.
Explore NAZ Diversifiers