NKX Alternatives & Similar Mutual Funds

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) 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 NKX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NKX

NKX charges 0.04% annually. There are 11 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	NKX vs MMU
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	NKX vs LSMSX
EIM	Eaton Vance Municipal Bond Fund	0.01%	—	Dec 1993	NKX vs EIM
MMD	NYLI MacKay DefinedTerm Muni Opportunities Fund	0.03%	—	Jun 2012	NKX vs MMD
NIM	Nuveen Select Maturities Municipal Fund	0.03%	—	Sep 1992	NKX vs NIM

Best Risk-Adjusted Alternatives to NKX

NKX has a PortfoliosLab risk / return rank of 38. There are 464 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	NKX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NKX vs ATOIX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	NKX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	NKX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	NKX vs DFSMX

Top Performing NKX Alternatives (YTD)

NKX is at 3.30% YTD. There are 27 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.87%.

Symbol	Name	YTD Return	AUM	Inception
NMT	Nuveen Massachusetts Quality Municipal Income Fund	15.87%	—	Jan 1993	NKX vs NMT
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	NKX vs NMI
RMI	RiverNorth Opportunistic Municipal Income Fund	11.00%	—	—	NKX vs RMI
RFMZ	RiverNorth Flexible Municipal Income Fund II Inc.	10.29%	—	—	NKX vs RFMZ
NRK	Nuveen New York AMT Free Quality Municipal Income	9.70%	—	Nov 2002	NKX vs NRK

Lowest Volatility Alternatives to NKX

NKX has 8.87% 1-year volatility. There are 479 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	NKX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	NKX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	NKX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	NKX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	NKX vs DFSMX

Lowest Drawdown Alternatives to NKX

NKX has a 1-year max drawdown of -9.74%. There are 494 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	NKX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NKX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	NKX vs APUSX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	NKX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NKX vs FHMIX

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	63	10.07%	—	Jul 1999	NKX vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	50	7.43%	—	Jan 2007	NKX vs QQQX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	15	3.44%	—	Nov 2005	NKX vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	61	3.32%	—	Jun 1999	NKX vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	5	2.20%	—	Jun 2003	NKX vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	15	1.69%	—	Mar 2006	NKX vs NSBRX
JPC	Nuveen Preferred and Income Opportunities Fund	Preferred Stock/Convertible Bonds	9	0.03%	—	Mar 2003	NKX vs JPC
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.60%	—	Dec 2006	NKX vs NPSRX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	65	2.04%	—	Jan 2013	NKX vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	14	6.96%	—	May 2009	NKX vs NVLIX

Often Compared With NKX

Investors most often compare NKX with NAC, NCA, NMS. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NAC	Nuveen California Quality Municipal Income Fund	Municipal Bonds	76	5.41%	—	Dec 1998	NKX vs NAC
NCA	Nuveen California Municipal Value Fund	Municipal Bonds	23	5.79%	—	Oct 1987	NKX vs NCA
NMS	Nuveen Minnesota Quality Municipal Income Fund	Municipal Bonds	55	5.79%	—	Jun 1993	NKX vs NMS
NELIX	Nuveen Equity Long/Short Fund	Long-Short	60	8.59%	—	Dec 2008	NKX vs NELIX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	82	20.50%	—	Dec 1987	NKX vs FASEX
NAZ	Nuveen Arizona Quality Municipal Income Fund	Municipal Bonds	33	8.20%	—	Nov 1992	NKX vs NAZ

Compare NKX with Any Fund or Stock

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

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Diversifiers

Pair NKX with funds that move differently

Nuveen California AMT-Free Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NKX.

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Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Alternatives