NPV Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to NPV

NPV charges 1.51% annually. There are 460 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	NPV vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	NPV vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	NPV vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	NPV vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	NPV vs FSMUX

Best Risk-Adjusted Alternatives to NPV

NPV has a PortfoliosLab risk / return rank of 31. 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	NPV vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	NPV vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NPV vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	NPV vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	NPV vs FHMIX

Top Performing NPV Alternatives (YTD)

NPV is at 6.89% YTD. There are 5 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.97%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	10.97%	—	Apr 1998	NPV vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.93%	—	Nov 2002	NPV vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	8.42%	—	Oct 1992	NPV vs MIY
AFB	AllianceBernstein National Municipal Income Fund	7.33%	—	Nov 2001	NPV vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	7.11%	—	Feb 1998	NPV vs MUC

Lowest Volatility Alternatives to NPV

NPV has 7.01% 1-year volatility. There are 456 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.55%	—	Apr 2022	NPV vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.56%	—	Aug 2002	NPV vs DFSMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	NPV vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	NPV vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	NPV vs USMTX

Lowest Drawdown Alternatives to NPV

NPV has a 1-year max drawdown of -4.31%. There are 452 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	NPV vs BATVX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	NPV vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NPV vs FHMIX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NPV vs ATOIX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	NPV vs DFSMX

Other Mutual Funds from Nuveen

The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX 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	61	10.75%	—	Jul 1999	NPV vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	67	11.69%	—	Jan 2007	NPV vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	16	3.21%	—	Oct 2002	NPV vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	23	8.01%	—	Nov 2005	NPV vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	82	3.74%	—	Jun 1999	NPV vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.98%	—	Jun 2003	NPV vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	17	3.61%	—	Mar 2006	NPV vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.92%	—	Dec 2006	NPV vs NPSRX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	82	2.42%	—	Jan 2013	NPV vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	12	6.35%	—	May 2009	NPV vs NVLIX

Often Compared With NPV

Investors most often compare NPV with BMN, MYI, CBTAX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	11	-0.01%	—	Oct 2022	NPV vs BMN
MYI	BlackRock MuniYield Quality Fund III	Municipal Bonds	36	4.96%	—	Apr 1992	NPV vs MYI
CBTAX	Six Circles Tax Aware Bond Fund	Municipal Bonds	87	1.88%	—	May 2020	NPV vs CBTAX
FOHFX	Fidelity Ohio Municipal Income Fund	Municipal Bonds	76	1.59%	—	Nov 1985	NPV vs FOHFX
OPTAX	Invesco AMT-Free Municipal Fund	Municipal Bonds	69	1.72%	—	Oct 1976	NPV vs OPTAX
FUENX	Fidelity Flex Municipal Income Fund	Municipal Bonds	82	1.87%	—	Oct 2017	NPV vs FUENX
FIMIX	Fidelity Minnesota Municipal Income Fund	Municipal Bonds	65	0.87%	—	Nov 1985	NPV vs FIMIX
USTEX	USAA Tax Exempt Long Term Fund	Municipal Bonds	84	2.85%	—	Mar 1982	NPV vs USTEX
HHMIX	Hartford Municipal Opportunities Fund	Municipal Bonds	69	1.39%	—	May 2007	NPV vs HHMIX
VWSUX	Vanguard Short-Term Tax-Exempt Fund Admiral Shares	Municipal Bonds	97	1.40%	—	Feb 2001	NPV vs VWSUX
COLTX	Columbia Tax-Exempt Fund	Municipal Bonds	83	2.56%	—	Nov 1978	NPV vs COLTX
SOAMX	Spirit of America Municipal Tax Free Bond Fund	Municipal Bonds	82	1.35%	—	Feb 2008	NPV vs SOAMX
PSNYX	BNY Mellon New York AMT-Free Municipal Bond Fund	Municipal Bonds	81	2.19%	—	Dec 1986	NPV vs PSNYX
FAFTX	Franklin Federal Tax-Free Income Fund Advisor Clas...	Municipal Bonds	83	2.38%	—	Mar 2002	NPV vs FAFTX
FSMNX	Fidelity SAI Municipal Income Fund	Municipal Bonds	73	1.69%	—	Oct 2018	NPV vs FSMNX
DCIBX	DFA California Intermediate-Term Municipal Bond Po...	Municipal Bonds	80	1.16%	422.67M	Nov 2011	NPV vs DCIBX
DNYMX	DFA NY Municipal Bond Portfolio	Municipal Bonds	99	1.29%	—	Jun 2015	NPV vs DNYMX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds	79	1.23%	35.00B	Feb 2001	NPV vs VMLUX
VNJTX	Vanguard New Jersey Long-Term Tax-Exempt Fund Inve...	Municipal Bonds	85	2.16%	3.10B	Feb 1988	NPV vs VNJTX
FCOQX	Franklin Colorado Tax-Free Income Fund Class A	Municipal Bonds	85	2.19%	—	Sep 1987	NPV vs FCOQX

Compare NPV with Any Fund or Stock

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

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Diversifiers

Pair NPV with funds that move differently

Nuveen Virginia Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NPV.

Explore NPV Diversifiers

Nuveen Virginia Quality Municipal Income Fund (NPV) Alternatives