ELFTX vs. NEA
Compare and contrast key facts about Elfun Tax Exempt Income Fund (ELFTX) and Nuveen AMT-Free Quality Municipal Income Fund (NEA).
ELFTX is managed by State Street. It was launched on Jan 1, 1980.
Performance
ELFTX vs. NEA - Performance Comparison
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ELFTX vs. NEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFTX Elfun Tax Exempt Income Fund | -0.57% | 3.29% | -0.14% | 4.27% | -8.97% | 0.87% | 4.50% | 7.13% | 0.91% | 4.72% |
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, ELFTX achieves a -0.57% return, which is significantly lower than NEA's -0.17% return. Over the past 10 years, ELFTX has underperformed NEA with an annualized return of 1.40%, while NEA has yielded a comparatively higher 3.17% annualized return.
ELFTX
- 1D
- 0.20%
- 1M
- -2.20%
- YTD
- -0.57%
- 6M
- 1.05%
- 1Y
- 3.14%
- 3Y*
- 1.47%
- 5Y*
- -0.19%
- 10Y*
- 1.40%
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
ELFTX vs. NEA — Risk / Return Rank
ELFTX
NEA
ELFTX vs. NEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Tax Exempt Income Fund (ELFTX) 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.
| ELFTX | NEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.83 | -0.12 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.20 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.16 | -0.35 |
Martin ratioReturn relative to average drawdown | 2.44 | 4.81 | -2.37 |
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 | NEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.83 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.04 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.27 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.31 | +0.39 |
Correlation
The correlation between ELFTX and NEA is 0.29, 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. NEA - Dividend Comparison
ELFTX's dividend yield for the trailing twelve months is around 3.70%, less than NEA's 7.37% 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% |
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
ELFTX vs. NEA - Drawdown Comparison
The maximum ELFTX drawdown since its inception was -19.15%, smaller than the maximum NEA drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for ELFTX and NEA.
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Drawdown Indicators
| ELFTX | NEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.15% | -43.83% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | -8.37% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.59% | -36.57% | +22.98% |
Max Drawdown (10Y)Largest decline over 10 years | -13.59% | -36.57% | +22.98% |
Current DrawdownCurrent decline from peak | -3.24% | -7.17% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -8.03% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.03% | -0.29% |
Volatility
ELFTX vs. NEA - Volatility Comparison
The current volatility for Elfun Tax Exempt Income Fund (ELFTX) is 1.09%, while Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a volatility of 5.19%. This indicates that ELFTX 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
| ELFTX | NEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 5.19% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 7.19% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 11.41% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 11.19% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 11.68% | -7.84% |