BBN vs. NEA
Compare and contrast key facts about BlackRock Taxable Municipal Bond Trust (BBN) and Nuveen AMT-Free Quality Municipal Income Fund (NEA).
BBN is an actively managed fund by BlackRock. It was launched on Aug 27, 2010.
Performance
BBN vs. NEA - Performance Comparison
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BBN vs. NEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 0.77% | 8.59% | 6.01% | 3.55% | -31.02% | 2.68% | 16.95% | 22.78% | -2.86% | 15.03% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | -0.17% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 10.07% | 22.42% | -5.72% | 8.77% |
Returns By Period
In the year-to-date period, BBN achieves a 0.77% return, which is significantly higher than NEA's -0.17% return. Both investments have delivered pretty close results over the past 10 years, with BBN having a 3.08% annualized return and NEA not far ahead at 3.17%.
BBN
- 1D
- -0.12%
- 1M
- -2.58%
- YTD
- 0.77%
- 6M
- 0.28%
- 1Y
- 4.41%
- 3Y*
- 3.52%
- 5Y*
- -1.71%
- 10Y*
- 3.08%
NEA
- 1D
- 1.60%
- 1M
- -3.55%
- YTD
- -0.17%
- 6M
- 3.40%
- 1Y
- 9.39%
- 3Y*
- 7.48%
- 5Y*
- 0.39%
- 10Y*
- 3.17%
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Return for Risk
BBN vs. NEA — Risk / Return Rank
BBN
NEA
BBN vs. NEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Taxable Municipal Bond Trust (BBN) and Nuveen AMT-Free Quality Municipal Income Fund (NEA). 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.
| BBN | NEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.83 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.64 | 1.20 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.16 | -0.63 |
Martin ratioReturn relative to average drawdown | 1.14 | 4.81 | -3.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBN | NEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.83 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.04 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.27 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.31 | +0.09 |
Correlation
The correlation between BBN and NEA is 0.35, 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.
Dividends
BBN vs. NEA - Dividend Comparison
BBN's dividend yield for the trailing twelve months is around 7.19%, less than NEA's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 7.19% | 7.01% | 6.92% | 7.16% | 7.91% | 5.45% | 5.05% | 5.66% | 7.09% | 6.82% | 7.32% | 7.54% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.37% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
Drawdowns
BBN vs. NEA - Drawdown Comparison
The maximum BBN drawdown since its inception was -38.37%, smaller than the maximum NEA drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for BBN and NEA.
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Drawdown Indicators
| BBN | NEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -43.83% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -8.37% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -38.37% | -36.57% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | -36.57% | -1.80% |
Current DrawdownCurrent decline from peak | -18.47% | -7.17% | -11.30% |
Average DrawdownAverage peak-to-trough decline | -10.23% | -8.03% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.03% | +1.45% |
Volatility
BBN vs. NEA - Volatility Comparison
The current volatility for BlackRock Taxable Municipal Bond Trust (BBN) is 4.08%, while Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a volatility of 5.19%. This indicates that BBN experiences smaller price fluctuations and is considered to be less risky than NEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBN | NEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.19% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 7.19% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 11.41% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 11.19% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 11.68% | +3.45% |