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Nuveen AMT-Free Municipal Value Fund (NUW) Sharpe Ratio: 1.22

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

A closed-end fund investing in alternative minimum tax-free municipal securities

NUW's Sharpe Ratio of 1.22 indicates that for each unit of volatility, it generates 1.22 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

NUW Sharpe Ratio Rank

NUW Sharpe Ratio Rank: 25.726
Below Average

NUW ranks above 25.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

NUW Sharpe Ratio Market Positioning

The chart shows NUW's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.16 or lower
  • Yellow zone (middle 50%): 1.16 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 3.99+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Nuveen AMT-Free Municipal Value Fund's Sharpe Ratio with other mutual funds in the Municipal Bonds category across multiple time periods, showing how NUW's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DFABXDFA Short-Term Selective State Municipal Bond Portfolio4.77
DNYMXDFA NY Municipal Bond Portfolio4.52
USMTXJPMorgan Ultra-Short Municipal Fund4.40
DFCMXDFA California Short Term Municipal Bond Portfolio4.34
USMSXJPMorgan Ultra-Short Municipal Fund4.15
DFSMXDFA Short Term Municipal Bond Portfolio4.04
BSNSXBaird Strategic Municipal Bond Fund3.57
BATVXBlackRock Allocation Target Shares3.57
ATOIXabrdn Ultra Short Municipal Income Fund3.50
BTMSXBaird Short-Term Municipal Bond Fund3.46
NUWNuveen AMT-Free Municipal Value Fund1.22

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NUW's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NUW consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does NUW fit in your portfolio?

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