NZF Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to NZF

NZF charges 1.89% annually. There are 464 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	NZF vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	NZF vs VTMFX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	NZF vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	NZF vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	NZF vs FSMUX

Best Risk-Adjusted Alternatives to NZF

NZF has a PortfoliosLab risk / return rank of 37. There are 465 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	NZF vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	NZF vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NZF vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	NZF vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	NZF vs TFCYX

Top Performing NZF Alternatives (YTD)

NZF is at 3.60% YTD. There are 15 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.06%	—	Apr 1998	NZF vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.21%	—	Nov 2002	NZF vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	8.32%	—	Oct 1992	NZF vs MIY
AFB	AllianceBernstein National Municipal Income Fund	6.66%	—	Nov 2001	NZF vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	6.62%	—	Feb 1998	NZF vs MUC

Lowest Volatility Alternatives to NZF

NZF has 10.61% 1-year volatility. There are 473 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

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

Lowest Drawdown Alternatives to NZF

NZF has a 1-year max drawdown of -8.11%. There are 470 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	NZF vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NZF vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NZF vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	NZF vs TFCYX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	-0.11%	—	Apr 2022	NZF vs DFABX

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	63	11.62%	—	Jul 1999	NZF vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	64	11.14%	—	Jan 2007	NZF vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	19	5.24%	—	Oct 2002	NZF vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	19	6.85%	—	Nov 2005	NZF vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	79	3.88%	—	Jun 1999	NZF vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.77%	—	Jun 2003	NZF vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	16	3.86%	—	Mar 2006	NZF vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	73	1.04%	—	Dec 2006	NZF vs NPSRX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	14	8.29%	—	May 2009	NZF vs NVLIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	77	2.42%	—	Jan 2013	NZF vs NVHIX

Often Compared With NZF

Investors most often compare NZF with NEA, MQY, ELFTX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NEA	Nuveen AMT-Free Quality Municipal Income Fund		79	3.13%	—	Nov 2002	NZF vs NEA
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	29	5.45%	—	Jul 1992	NZF vs MQY
ELFTX	Elfun Tax Exempt Income Fund	Municipal Bonds	77	1.72%	—	Jan 1980	NZF vs ELFTX
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	13	-1.48%	42.18B	Jul 2002	NZF vs TLT
MFM	MFS Municipal Income Trust		85	5.32%	—	—	NZF vs MFM
NAD	Nuveen Quality Municipal Income Fund		79	2.91%	—	—	NZF vs NAD
NVG	Nuveen AMT-Free Municipal Credit Income Fund		80	4.59%	—	Mar 2002	NZF vs NVG
PDI	PIMCO Dynamic Income Fund		42	1.19%	—	—	NZF vs PDI
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	80	1.66%	47.60B	Aug 2015	NZF vs VTEB
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.45%	783.21B	Jan 1993	NZF vs SPY
NMZ	Nuveen Municipal High Income Opportunity Fund	High Yield Muni	20	5.99%	—	Nov 2003	NZF vs NMZ
NELIX	Nuveen Equity Long/Short Fund	Long-Short	51	8.13%	—	Dec 2008	NZF vs NELIX
MYI	BlackRock MuniYield Quality Fund III	Municipal Bonds	34	4.21%	—	Apr 1992	NZF vs MYI
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.24%	—	Oct 2013	NZF vs FMNDX
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	High Yield Bonds, Corporate Bonds	85	3.61%	566.14M	May 2014	NZF vs HYGH
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Emerging Markets Bonds	63	1.67%	14.61B	Dec 2007	NZF vs EMB
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	79	20.62%	—	Dec 1987	NZF vs FASEX
NAC	Nuveen California Quality Municipal Income Fund	Municipal Bonds	84	6.12%	—	Dec 1998	NZF vs NAC
AM	Antero Midstream Corporation		85	29.11%	—	—	NZF vs AM
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	95	2.15%	—	Nov 2014	NZF vs DMREX

Compare NZF with Any Fund or Stock

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

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Diversifiers

Pair NZF with funds that move differently

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

Explore NZF Diversifiers

Nuveen Municipal Credit Income Fund (NZF) Alternatives