NCA Alternatives & Similar Mutual Funds

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
MMU	Western Asset Managed Municipals Fund Inc	0.01%	—	Jun 1992	NCA vs MMU
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	NCA vs LSMSX
EIM	Eaton Vance Municipal Bond Fund	0.01%	—	Dec 1993	NCA vs EIM
MMD	NYLI MacKay DefinedTerm Muni Opportunities Fund	0.03%	—	Jun 2012	NCA vs MMD
NIM	Nuveen Select Maturities Municipal Fund	0.03%	—	Sep 1992	NCA vs NIM

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
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	NCA vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NCA vs ATOIX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	NCA vs DNYMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	NCA vs DFCMX
TFCYX	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
NMT	Nuveen Massachusetts Quality Municipal Income Fund	15.60%	—	Jan 1993	NCA vs NMT
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	NCA vs NMI
RMI	RiverNorth Opportunistic Municipal Income Fund	11.36%	—	—	NCA vs RMI
RFMZ	RiverNorth Flexible Municipal Income Fund II Inc.	10.46%	—	—	NCA vs RFMZ
NAZ	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
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	NCA vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.58%	—	Apr 2007	NCA vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	NCA vs USMSX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.60%	—	Aug 2002	NCA vs DFSMX
USMTX	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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	NCA vs BATVX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	NCA vs APUSX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NCA vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NCA vs FHMIX
TFCYX	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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	55	8.59%	—	Jul 1999	NCA vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	39	4.86%	—	Jan 2007	NCA vs QQQX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	17	3.96%	—	Nov 2005	NCA vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	71	3.47%	—	Jun 1999	NCA vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	5	1.98%	—	Jun 2003	NCA vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	13	1.44%	—	Mar 2006	NCA vs NSBRX
JPC	Nuveen Preferred and Income Opportunities Fund	Preferred Stock/Convertible Bonds	11	0.28%	—	Mar 2003	NCA vs JPC
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	75	0.60%	—	Dec 2006	NCA vs NPSRX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	73	2.04%	—	Jan 2013	NCA vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	10	4.54%	—	May 2009	NCA vs NVLIX

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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DFCA	Dimensional California Municipal Bond ETF	Municipal Bonds	79	1.25%	704.25M	Jun 2023	NCA vs DFCA
NMS	Nuveen Minnesota Quality Municipal Income Fund	Municipal Bonds	65	5.88%	—	Jun 1993	NCA vs NMS
FCTFX	Fidelity California Municipal Income Fund	Municipal Bonds	69	1.42%	—	Jul 1984	NCA vs FCTFX
BSNIX	Baird Strategic Municipal Bond Fund Institutional ...	Municipal Bonds	83	1.46%	—	—	NCA vs BSNIX
NAC	Nuveen California Quality Municipal Income Fund	Municipal Bonds	79	5.33%	—	Dec 1998	NCA vs NAC
MHF	Western Asset Municipal High Income Fund Inc	Municipal Bonds	8	2.71%	—	Nov 1988	NCA vs MHF
NNY	Nuveen New York Municipal Value Fund	Municipal Bonds	28	3.23%	—	Oct 1987	NCA vs NNY
NKX	Nuveen California AMT-Free Quality Municipal Incom...	Municipal Bonds	43	3.13%	—	Jul 2002	NCA vs NKX
RMMZ	RiverNorth Managed Duration Municipal Income Fund ...	Municipal Bonds	48	6.31%	—	—	NCA vs RMMZ
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	83	20.47%	—	Dec 1987	NCA vs FASEX
PCQ	PIMCO California Municipal Income Fund	Municipal Bonds	22	4.10%	—	Jun 2001	NCA vs PCQ
NELIX	Nuveen Equity Long/Short Fund	Long-Short	48	6.81%	—	Dec 2008	NCA vs NELIX
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	33	6.80%	—	Mar 1993	NCA vs NPV
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	99	1.01%	—	Oct 2013	NCA vs FMNDX
NAN	Nuveen New York Quality Municipal Income Fund	Municipal Bonds	38	7.03%	—	May 1999	NCA vs NAN
NRK	Nuveen New York AMT Free Quality Municipal Income	Municipal Bonds	76	9.39%	—	Nov 2002	NCA vs NRK
PML	PIMCO Municipal Income Fund II	Municipal Bonds	15	2.88%	—	Jun 2002	NCA vs PML
FARCX	Nuveen Real Estate Securities Fund	REIT	32	16.24%	—	Jun 1995	NCA vs FARCX
NUW	Nuveen AMT-Free Municipal Value Fund	Municipal Bonds	31	1.98%	—	Feb 2009	NCA vs NUW

Compare NCA with Any Fund or Stock

Compare NCA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Nuveen California Municipal Value Fund (NCA) Alternatives