Nuveen AMT-Free Municipal Value Fund (NUW) 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 NUW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NUW
Among 496 mutual funds in the Municipal Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | NUW vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NUW vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NUW vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NUW vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NUW vs MMD |
Best Risk-Adjusted Alternatives to NUW
NUW has a PortfoliosLab risk / return rank of 30. There are 480 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 | NUW vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NUW vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NUW vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NUW vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NUW vs DFSMX |
Top Performing NUW Alternatives (YTD)
NUW is at 1.77% YTD. There are 197 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.19% | — | Jan 1993 | NUW vs NMT | |
| Nuveen Municipal Income Fund, Inc. | 12.91% | — | Apr 1998 | NUW vs NMI | |
| RiverNorth Opportunistic Municipal Income Fund | 11.47% | — | — | NUW vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 10.46% | — | — | NUW vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | NUW vs NRK |
Lowest Volatility Alternatives to NUW
NUW has 7.68% 1-year volatility. There are 465 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 | NUW vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NUW vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NUW vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | NUW vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NUW vs DFSMX |
Lowest Drawdown Alternatives to NUW
NUW has a 1-year max drawdown of -4.89%. There are 462 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 | NUW vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NUW vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NUW vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NUW vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NUW vs ATOIX |
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 NUW
Investors most often compare NUW with FARCX, NAZ, IYRI. These 9 comparison targets span 7 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | REIT | 29 | 16.10% | — | Jun 1995 | NUW vs FARCX | |
| Nuveen Arizona Quality Municipal Income Fund | Municipal Bonds | 37 | 8.81% | — | Nov 1992 | NUW vs NAZ | |
| NEOS Real Estate High Income ETF | Derivative Income, REIT, Options Trading, Actively Managed | 25 | 7.03% | 279.42M | Jan 2025 | NUW vs IYRI | |
| Nuveen Equity Long/Short Fund | Long-Short | 50 | 7.25% | — | Dec 2008 | NUW vs NELIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 79 | 19.98% | — | Dec 1987 | NUW vs FASEX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 30 | 6.99% | — | Mar 1993 | NUW vs NPV | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | Municipal Bonds | 78 | 0.85% | — | Jan 1993 | NUW vs PRMDX | |
| Nuveen California Municipal Value Fund | Municipal Bonds | 26 | 5.90% | — | Oct 1987 | NUW vs NCA | |
| Nuveen Minnesota Quality Municipal Income Fund | Municipal Bonds | 60 | 5.79% | — | Jun 1993 | NUW vs NMS |
Compare NUW with Any Fund or Stock
Compare NUW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NUW with funds that move differently
Nuveen AMT-Free Municipal Value Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NUW.
Explore NUW Diversifiers