BMEZ vs. NEA
BMEZ (BlackRock Health Sciences Trust II) and NEA (Nuveen AMT-Free Quality Municipal Income Fund) are both stocks. Both are in the Financial Services sector — BMEZ in Capital Markets, NEA in Asset Management. Over the past 5 years, BMEZ returned -3.85%/yr vs -0.37%/yr for NEA. At a 0.27 correlation, their price movements are largely independent.
Performance
BMEZ vs. NEA - Performance Comparison
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Returns By Period
In the year-to-date period, BMEZ achieves a -1.89% return, which is significantly lower than NEA's 1.11% return.
BMEZ
- 1D
- -0.77%
- 1M
- 1.06%
- YTD
- -1.89%
- 6M
- -3.49%
- 1Y
- 6.83%
- 3Y*
- 6.74%
- 5Y*
- -3.85%
- 10Y*
- —
NEA
- 1D
- -0.70%
- 1M
- -1.31%
- YTD
- 1.11%
- 6M
- 1.88%
- 1Y
- 13.65%
- 3Y*
- 8.73%
- 5Y*
- -0.37%
- 10Y*
- 2.81%
BMEZ vs. NEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | -1.89% | 18.69% | 9.54% | 5.07% | -32.65% | -6.00% | 48.77% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 1.11% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 7.28% |
Correlation
The correlation between BMEZ and NEA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2020 | 0.27 |
Fundamentals
BMEZ:
$58.97M
NEA:
$824.80M
BMEZ:
$52.95M
NEA:
$779.17M
BMEZ:
$43.53M
NEA:
$732.48M
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Return for Risk
BMEZ vs. NEA — Risk / Return Rank
BMEZ
NEA
BMEZ vs. NEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust II (BMEZ) 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.
| BMEZ | NEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.26 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.88 | -1.27 |
| Martin ratioReturn relative to average drawdown | 1.51 | 7.51 | -6.00 |
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
| BMEZ | NEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.29 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.03 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.31 | -0.16 |
Drawdowns
BMEZ vs. NEA - Drawdown Comparison
The maximum BMEZ drawdown since its inception was -46.19%, which is greater than NEA's maximum drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for BMEZ and NEA.
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Drawdown Indicators
| BMEZ | NEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -43.83% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -7.27% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -15.16% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -46.17% | -36.57% | -9.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.57% | — |
Current DrawdownCurrent decline from peak | -21.30% | -5.99% | -15.31% |
Average DrawdownAverage peak-to-trough decline | -24.16% | -8.01% | -16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 1.82% | +2.74% |
Volatility
BMEZ vs. NEA - Volatility Comparison
BlackRock Health Sciences Trust II (BMEZ) has a higher volatility of 5.13% compared to Nuveen AMT-Free Quality Municipal Income Fund (NEA) at 2.94%. This indicates that BMEZ's price experiences larger fluctuations and is considered to be riskier 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
| BMEZ | NEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 2.94% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 8.53% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 10.65% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.91% | 11.49% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 11.81% | +12.34% |
Dividends
BMEZ vs. NEA - Dividend Comparison
BMEZ's dividend yield for the trailing twelve months is around 10.86%, more than NEA's 7.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 10.86% | 12.43% | 11.74% | 10.80% | 11.28% | 6.51% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.28% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
Financials
BMEZ vs. NEA - Financials Comparison
This section allows you to compare key financial metrics between BlackRock Health Sciences Trust II and Nuveen AMT-Free Quality Municipal Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BMEZ and NEA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMEZ has higher volatility (5.13%) compared to NEA (2.94%). In terms of maximum drawdown, BMEZ dropped -46.19% vs NEA's -43.83%.
NEA currently has the higher Sharpe Ratio (1.29 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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