FLAAX vs. FASEX
Compare and contrast key facts about Nuveen All-American Municipal Bond Fund (FLAAX) and Nuveen Mid Cap Value Fund (FASEX).
FLAAX is managed by Nuveen. It was launched on Oct 2, 1988. FASEX is managed by Nuveen. It was launched on Dec 22, 1987.
Performance
FLAAX vs. FASEX - Performance Comparison
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FLAAX vs. FASEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLAAX Nuveen All-American Municipal Bond Fund | -0.81% | 2.78% | 2.58% | 6.52% | -16.29% | 3.89% | 5.64% | 9.03% | 0.50% | 8.03% |
FASEX Nuveen Mid Cap Value Fund | 2.64% | 9.68% | 10.40% | 14.20% | -10.63% | 34.84% | 1.19% | 26.68% | -13.00% | 19.23% |
Returns By Period
In the year-to-date period, FLAAX achieves a -0.81% return, which is significantly lower than FASEX's 2.64% return. Over the past 10 years, FLAAX has underperformed FASEX with an annualized return of 1.77%, while FASEX has yielded a comparatively higher 9.89% annualized return.
FLAAX
- 1D
- 0.20%
- 1M
- -2.87%
- YTD
- -0.81%
- 6M
- 0.56%
- 1Y
- 2.33%
- 3Y*
- 2.78%
- 5Y*
- -0.65%
- 10Y*
- 1.77%
FASEX
- 1D
- -0.41%
- 1M
- -6.34%
- YTD
- 2.64%
- 6M
- 3.59%
- 1Y
- 17.10%
- 3Y*
- 11.79%
- 5Y*
- 7.98%
- 10Y*
- 9.89%
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FLAAX vs. FASEX - Expense Ratio Comparison
FLAAX has a 0.66% expense ratio, which is lower than FASEX's 1.16% expense ratio.
Return for Risk
FLAAX vs. FASEX — Risk / Return Rank
FLAAX
FASEX
FLAAX vs. FASEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen All-American Municipal Bond Fund (FLAAX) and Nuveen Mid Cap Value Fund (FASEX). 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.
| FLAAX | FASEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.96 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.77 | 1.42 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.07 | -0.51 |
Martin ratioReturn relative to average drawdown | 1.61 | 4.84 | -3.24 |
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
| FLAAX | FASEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.96 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.44 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.49 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.50 | +0.41 |
Correlation
The correlation between FLAAX and FASEX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FLAAX vs. FASEX - Dividend Comparison
FLAAX's dividend yield for the trailing twelve months is around 3.94%, less than FASEX's 14.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAAX Nuveen All-American Municipal Bond Fund | 3.94% | 4.21% | 3.85% | 3.55% | 3.39% | 2.83% | 3.07% | 3.69% | 3.72% | 3.65% | 3.79% | 3.84% |
FASEX Nuveen Mid Cap Value Fund | 14.29% | 14.67% | 5.29% | 3.12% | 6.32% | 4.02% | 1.06% | 0.89% | 4.48% | 7.93% | 3.67% | 3.49% |
Drawdowns
FLAAX vs. FASEX - Drawdown Comparison
The maximum FLAAX drawdown since its inception was -21.01%, smaller than the maximum FASEX drawdown of -55.57%. Use the drawdown chart below to compare losses from any high point for FLAAX and FASEX.
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Drawdown Indicators
| FLAAX | FASEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.01% | -55.57% | +34.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -13.62% | +8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -22.26% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -21.01% | -44.56% | +23.55% |
Current DrawdownCurrent decline from peak | -7.12% | -6.83% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -8.97% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 3.01% | -1.28% |
Volatility
FLAAX vs. FASEX - Volatility Comparison
The current volatility for Nuveen All-American Municipal Bond Fund (FLAAX) is 1.17%, while Nuveen Mid Cap Value Fund (FASEX) has a volatility of 5.25%. This indicates that FLAAX experiences smaller price fluctuations and is considered to be less risky than FASEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAAX | FASEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 5.25% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 9.91% | -8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 18.72% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 18.04% | -13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 20.17% | -15.53% |