FARCX vs. NUW
FARCX (Nuveen Real Estate Securities Fund) and NUW (Nuveen AMT-Free Municipal Value Fund) are both mutual funds - FARCX is a REIT fund managed by Nuveen, while NUW is a Municipal Bonds fund actively managed by Nuveen. Over the past 10 years, FARCX returned 5.73%/yr vs 1.24%/yr for NUW. At a 0.17 correlation, their price movements are largely independent.
Performance
FARCX vs. NUW - Performance Comparison
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Returns By Period
In the year-to-date period, FARCX achieves a 14.50% return, which is significantly higher than NUW's 1.55% return. Over the past 10 years, FARCX has outperformed NUW with an annualized return of 5.73%, while NUW has yielded a comparatively lower 1.24% annualized return.
FARCX
- 1D
- 1.17%
- 1M
- -0.24%
- YTD
- 14.50%
- 6M
- 15.11%
- 1Y
- 15.30%
- 3Y*
- 11.71%
- 5Y*
- 4.18%
- 10Y*
- 5.73%
NUW
- 1D
- -0.21%
- 1M
- 2.43%
- YTD
- 1.55%
- 6M
- 0.85%
- 1Y
- 8.45%
- 3Y*
- 5.56%
- 5Y*
- 0.31%
- 10Y*
- 1.24%
FARCX vs. NUW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FARCX Nuveen Real Estate Securities Fund | 14.50% | 2.56% | 6.04% | 11.55% | -24.57% | 41.57% | -6.14% | 25.63% | -5.57% | 5.67% |
NUW Nuveen AMT-Free Municipal Value Fund | 1.55% | 9.90% | 3.51% | 3.79% | -15.19% | 4.93% | 4.39% | 13.99% | -9.94% | 11.94% |
Correlation
The correlation between FARCX and NUW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2009 | 0.17 |
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Return for Risk
FARCX vs. NUW — Risk / Return Rank
FARCX
NUW
FARCX vs. NUW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Estate Securities Fund (FARCX) and Nuveen AMT-Free Municipal Value Fund (NUW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FARCX | NUW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.74 | +0.43 |
| Martin ratioReturn relative to average drawdown | 6.99 | 5.40 | +1.59 |
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Drawdowns
FARCX vs. NUW - Drawdown Comparison
The maximum FARCX drawdown since its inception was -70.62%, which is greater than NUW's maximum drawdown of -26.43%. Use the drawdown chart below to compare losses from any high point for FARCX and NUW.
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Drawdown Indicators
| FARCX | NUW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.62% | -26.43% | -44.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -4.89% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -10.19% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -22.58% | -9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -41.05% | -26.43% | -14.62% |
Current DrawdownCurrent decline from peak | -1.50% | -1.93% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -8.09% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.57% | +0.85% |
Volatility
FARCX vs. NUW - Volatility Comparison
Nuveen Real Estate Securities Fund (FARCX) has a higher volatility of 4.93% compared to Nuveen AMT-Free Municipal Value Fund (NUW) at 2.37%. This indicates that FARCX's price experiences larger fluctuations and is considered to be riskier than NUW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARCX | NUW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 2.37% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 6.20% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 7.69% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 10.62% | +7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 12.11% | +8.09% |
Dividends
FARCX vs. NUW - Dividend Comparison
FARCX's dividend yield for the trailing twelve months is around 5.09%, more than NUW's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARCX Nuveen Real Estate Securities Fund | 5.09% | 5.77% | 9.34% | 3.30% | 20.25% | 15.12% | 2.89% | 11.46% | 6.19% | 13.43% | 10.99% | 8.24% |
NUW Nuveen AMT-Free Municipal Value Fund | 4.09% | 4.07% | 3.89% | 3.58% | 3.44% | 3.98% | 2.85% | 3.87% | 5.34% | 5.33% | 4.72% | 4.45% |
Frequently Asked Questions
FARCX and NUW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FARCX has higher volatility (4.93%) compared to NUW (2.37%). In terms of maximum drawdown, FARCX dropped -70.62% vs NUW's -26.43%.
FARCX currently has the higher Sharpe Ratio (1.25 vs 1.10), 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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