BYM vs. NEA
BYM (BlackRock Municipal Income Quality Trust) and NEA (Nuveen AMT-Free Quality Municipal Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. At a 0.41 correlation, their price movements are largely independent.
Performance
BYM vs. NEA - Performance Comparison
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Returns By Period
BYM
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEA
- 1D
- -0.61%
- 1M
- 3.38%
- YTD
- 1.73%
- 6M
- 2.95%
- 1Y
- 14.66%
- 3Y*
- 9.40%
- 5Y*
- -0.08%
- 10Y*
- 2.97%
BYM vs. NEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYM BlackRock Municipal Income Quality Trust | 2.02% | 7.27% | 2.29% | 3.11% | -23.42% | 7.62% | 12.74% | 17.64% | -7.54% | 7.71% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 1.73% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 10.07% | 22.42% | -5.72% | 8.77% |
Correlation
The correlation between BYM and NEA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2002 | 0.41 |
The correlation between BYM and NEA shifts across timeframes, from 0.34 (1 year) to 0.60 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BYM:
$286.23M
NEA:
$3.44B
BYM:
-$0.14
NEA:
$2.18
BYM:
6.24
NEA:
4.17
BYM:
0.97
NEA:
0.97
BYM:
$45.89M
NEA:
$824.80M
BYM:
$41.83M
NEA:
$779.17M
BYM:
$11.98M
NEA:
$732.48M
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Return for Risk
BYM vs. NEA — Risk / Return Rank
BYM
NEA
BYM vs. NEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Municipal Income Quality Trust (BYM) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BYM | NEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.39 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.32 | — |
Drawdowns
BYM vs. NEA - Drawdown Comparison
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Drawdown Indicators
| BYM | NEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -43.83% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.57% | — |
Current DrawdownCurrent decline from peak | — | -5.41% | — |
Average DrawdownAverage peak-to-trough decline | — | -8.01% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.81% | — |
Volatility
BYM vs. NEA - Volatility Comparison
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Volatility by Period
| BYM | NEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 10.59% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 11.49% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 11.81% | — |
Dividends
BYM vs. NEA - Dividend Comparison
BYM's dividend yield for the trailing twelve months is around 4.52%, less than NEA's 7.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYM BlackRock Municipal Income Quality Trust | 4.52% | 6.09% | 5.89% | 4.20% | 5.74% | 4.46% | 3.99% | 4.27% | 5.23% | 5.33% | 5.84% | 5.77% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.23% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
Financials
BYM vs. NEA - Financials Comparison
This section allows you to compare key financial metrics between BlackRock Municipal Income Quality Trust 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
BYM and NEA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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