ELFTX vs. NAD
Compare and contrast key facts about Elfun Tax Exempt Income Fund (ELFTX) and Nuveen Quality Municipal Income Fund (NAD).
ELFTX is managed by State Street. It was launched on Jan 1, 1980.
Performance
ELFTX vs. NAD - Performance Comparison
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ELFTX vs. NAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFTX Elfun Tax Exempt Income Fund | -0.77% | 3.29% | -0.14% | 4.27% | -8.97% | 0.87% | 4.50% | 7.13% | 0.91% | 4.72% |
NAD Nuveen Quality Municipal Income Fund | -2.64% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
Returns By Period
In the year-to-date period, ELFTX achieves a -0.77% return, which is significantly higher than NAD's -2.64% return. Over the past 10 years, ELFTX has underperformed NAD with an annualized return of 1.37%, while NAD has yielded a comparatively higher 2.89% annualized return.
ELFTX
- 1D
- 0.21%
- 1M
- -2.59%
- YTD
- -0.77%
- 6M
- 0.94%
- 1Y
- 3.35%
- 3Y*
- 1.40%
- 5Y*
- -0.22%
- 10Y*
- 1.37%
NAD
- 1D
- 2.31%
- 1M
- -5.72%
- YTD
- -2.64%
- 6M
- 1.90%
- 1Y
- 7.58%
- 3Y*
- 6.52%
- 5Y*
- 0.20%
- 10Y*
- 2.89%
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Return for Risk
ELFTX vs. NAD — Risk / Return Rank
ELFTX
NAD
ELFTX vs. NAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Tax Exempt Income Fund (ELFTX) and Nuveen Quality Municipal Income Fund (NAD). 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.
| ELFTX | NAD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.67 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.08 | 0.96 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.05 | -0.20 |
Martin ratioReturn relative to average drawdown | 2.58 | 4.47 | -1.90 |
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
| ELFTX | NAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.67 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.02 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.25 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.37 | +0.33 |
Correlation
The correlation between ELFTX and NAD is 0.31, 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
ELFTX vs. NAD - Dividend Comparison
ELFTX's dividend yield for the trailing twelve months is around 3.70%, less than NAD's 7.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFTX Elfun Tax Exempt Income Fund | 3.70% | 3.99% | 2.66% | 2.88% | 3.09% | 2.61% | 3.24% | 3.78% | 4.09% | 4.00% | 4.00% | 3.82% |
NAD Nuveen Quality Municipal Income Fund | 7.57% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
Drawdowns
ELFTX vs. NAD - Drawdown Comparison
The maximum ELFTX drawdown since its inception was -19.15%, smaller than the maximum NAD drawdown of -44.65%. Use the drawdown chart below to compare losses from any high point for ELFTX and NAD.
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Drawdown Indicators
| ELFTX | NAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.15% | -44.65% | +25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | -8.08% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -13.59% | -35.58% | +21.99% |
Max Drawdown (10Y)Largest decline over 10 years | -13.59% | -35.58% | +21.99% |
Current DrawdownCurrent decline from peak | -3.44% | -8.44% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -7.84% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.90% | -0.17% |
Volatility
ELFTX vs. NAD - Volatility Comparison
The current volatility for Elfun Tax Exempt Income Fund (ELFTX) is 1.04%, while Nuveen Quality Municipal Income Fund (NAD) has a volatility of 6.01%. This indicates that ELFTX experiences smaller price fluctuations and is considered to be less risky than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFTX | NAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 6.01% | -4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 7.99% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 11.32% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 11.31% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 11.84% | -8.00% |