BFK vs. NVG

Last updated Jun 6, 2026

BFK (BlackRock Municipal Income Trust) and NVG (Nuveen AMT-Free Municipal Credit Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. At a 0.45 correlation, their price movements are largely independent.

Performance

BFK vs. NVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Municipal Income Trust (BFK) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BFK

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVG

• 1D: -0.79%
• 1M: -0.24%
• YTD: 2.39%
• 6M: 2.70%
• 1Y: 14.45%
• 3Y*: 10.20%
• 5Y*: -0.63%
• 10Y*: 3.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BFK vs. NVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BFK BlackRock Municipal Income Trust	1.60%	8.12%	3.80%	4.22%	-31.90%	5.20%	14.61%	22.06%	-8.59%	7.66%
NVG Nuveen AMT-Free Municipal Credit Income Fund	2.39%	11.61%	10.79%	1.94%	-28.47%	12.14%	6.40%	25.63%	-4.03%	13.19%

Correlation

The correlation between BFK and NVG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 13, 2002	0.45

The correlation between BFK and NVG shifts across timeframes, from 0.35 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) BFK : $36.38M NVG : $442.39M
Gross Profit (TTM) BFK : $36.38M NVG : $398.18M
EBITDA (TTM) BFK : $0.00 NVG : $645.87M

Return for Risk

BFK vs. NVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVG

NVG Risk / Return Rank: 75
NVG Sharpe Ratio Rank: 80
NVG Sortino Ratio Rank: 76
NVG Omega Ratio Rank: 75
NVG Calmar Ratio Rank: 68
NVG Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BFK vs. NVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Municipal Income Trust (BFK) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BFK	NVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.39	—

Drawdowns

Drawdown Indicators

	BFK	NVG	Difference
Max Drawdown Largest peak-to-trough decline	—	-41.72%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.58%	—
Current Drawdown Current decline from peak	—	-7.68%	—
Average Drawdown Average peak-to-trough decline	—	-7.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.19%	—

Volatility

Volatility by Period

	BFK	NVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.07%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.89%	—

Dividends

BFK vs. NVG - Dividend Comparison

BFK's dividend yield for the trailing twelve months is around 4.46%, less than NVG's 7.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFK BlackRock Municipal Income Trust	4.46%	5.98%	6.09%	3.95%	5.84%	4.52%	4.33%	4.74%	5.87%	5.63%	6.31%	6.11%
NVG Nuveen AMT-Free Municipal Credit Income Fund	7.54%	7.49%	6.74%	4.45%	6.18%	4.69%	5.24%	4.94%	6.07%	5.67%	6.17%	5.46%

Financials

Frequently Asked Questions

Can I hold both BFK and NVG in my portfolio?

BFK and NVG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.