Nuveen California Municipal Value Fund (NCA) 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 NCA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NCA
NCA 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 | NCA vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NCA vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NCA vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NCA vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NCA vs MMD |
Best Risk-Adjusted Alternatives to NCA
NCA has a PortfoliosLab risk / return rank of 26. There are 485 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 | NCA vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NCA vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NCA vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NCA vs DFCMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | NCA vs TFCYX |
Top Performing NCA Alternatives (YTD)
NCA is at 5.79% YTD. There are 14 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.60%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.60% | — | Jan 1993 | NCA vs NMT | |
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | NCA vs NMI | |
| RiverNorth Opportunistic Municipal Income Fund | 11.36% | — | — | NCA vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 10.46% | — | — | NCA vs RFMZ | |
| Nuveen Arizona Quality Municipal Income Fund | 9.68% | — | Nov 1992 | NCA vs NAZ |
Lowest Volatility Alternatives to NCA
NCA has 12.83% 1-year volatility. There are 494 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 | NCA vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | NCA vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NCA vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | NCA vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.61% | — | May 2016 | NCA vs USMTX |
Lowest Drawdown Alternatives to NCA
NCA has a 1-year max drawdown of -7.55%. There are 486 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 | NCA vs BATVX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NCA vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NCA vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NCA vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NCA vs TFCYX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 11 categories.
Often Compared With NCA
Investors most often compare NCA with DFCA, NMS, FCTFX. These 19 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare NCA with Any Fund or Stock
Compare NCA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NCA with funds that move differently
Nuveen California Municipal Value Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NCA.
Explore NCA Diversifiers