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 493 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 36. There are 473 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | NUW vs DFSMX | |
| 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 | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | NUW vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NUW vs DFCMX |
Top Performing NUW Alternatives (YTD)
NUW is at 2.97% YTD. There are 38 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.47% | — | Jan 1993 | NUW vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 14.90% | — | — | NUW vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 11.77% | — | — | NUW vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 10.68% | — | Nov 2002 | NUW vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.10% | — | Apr 1998 | NUW vs NMI |
Lowest Volatility Alternatives to NUW
NUW has 7.70% 1-year volatility. There are 460 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | NUW vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | NUW vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | NUW vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | NUW vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NUW vs USMTX |
Lowest Drawdown Alternatives to NUW
NUW has a 1-year max drawdown of -4.89%. There are 456 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 | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NUW vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NUW vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NUW vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | NUW vs DFABX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 10 categories.
Often Compared With NUW
Investors most often compare NUW with FARCX, NAZ, APUSX. These 12 comparison targets span 9 categories, based on PortfoliosLab usage data.
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