AITFX vs. NVG
Compare and contrast key facts about Invesco Limited Term Municipal Income Fund (AITFX) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
AITFX is managed by Invesco. It was launched on May 10, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AITFX or NVG.
Correlation
The correlation between AITFX and NVG is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AITFX vs. NVG - Performance Comparison
Key characteristics
AITFX:
1.46
NVG:
1.50
AITFX:
2.30
NVG:
2.06
AITFX:
1.35
NVG:
1.27
AITFX:
2.27
NVG:
0.55
AITFX:
5.64
NVG:
4.64
AITFX:
0.50%
NVG:
3.28%
AITFX:
1.92%
NVG:
10.17%
AITFX:
-7.39%
NVG:
-41.68%
AITFX:
-0.42%
NVG:
-15.29%
Returns By Period
In the year-to-date period, AITFX achieves a 0.18% return, which is significantly lower than NVG's 4.75% return. Over the past 10 years, AITFX has underperformed NVG with an annualized return of 1.77%, while NVG has yielded a comparatively higher 4.50% annualized return.
AITFX
0.18%
0.46%
0.87%
2.80%
1.55%
1.77%
NVG
4.75%
4.84%
2.76%
14.99%
-0.19%
4.50%
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Risk-Adjusted Performance
AITFX vs. NVG — Risk-Adjusted Performance Rank
AITFX
NVG
AITFX vs. NVG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Limited Term Municipal Income Fund (AITFX) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AITFX vs. NVG - Dividend Comparison
AITFX's dividend yield for the trailing twelve months is around 3.31%, less than NVG's 6.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AITFX Invesco Limited Term Municipal Income Fund | 3.31% | 3.62% | 3.23% | 1.81% | 1.44% | 2.08% | 2.52% | 2.30% | 1.96% | 2.16% | 2.49% | 3.10% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 6.72% | 6.76% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% |
Drawdowns
AITFX vs. NVG - Drawdown Comparison
The maximum AITFX drawdown since its inception was -7.39%, smaller than the maximum NVG drawdown of -41.68%. Use the drawdown chart below to compare losses from any high point for AITFX and NVG. For additional features, visit the drawdowns tool.
Volatility
AITFX vs. NVG - Volatility Comparison
The current volatility for Invesco Limited Term Municipal Income Fund (AITFX) is 0.40%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 2.23%. This indicates that AITFX experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.