Correlation
The correlation between FLNCX and BND is -0.12. 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.
FLNCX vs. BND
Compare and contrast key facts about Nuveen North Carolina Municipal Bond Fund (FLNCX) and Vanguard Total Bond Market ETF (BND).
FLNCX is managed by Nuveen. It was launched on Mar 26, 1986. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLNCX or BND.
Performance
FLNCX vs. BND - Performance Comparison
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Key characteristics
FLNCX:
0.14
BND:
1.10
FLNCX:
0.20
BND:
1.60
FLNCX:
1.03
BND:
1.19
FLNCX:
0.07
BND:
0.47
FLNCX:
0.37
BND:
2.79
FLNCX:
1.98%
BND:
2.11%
FLNCX:
5.97%
BND:
5.32%
FLNCX:
-16.51%
BND:
-18.84%
FLNCX:
-7.84%
BND:
-7.09%
Returns By Period
In the year-to-date period, FLNCX achieves a -1.90% return, which is significantly lower than BND's 2.49% return. Over the past 10 years, FLNCX has underperformed BND with an annualized return of 1.35%, while BND has yielded a comparatively higher 1.54% annualized return.
FLNCX
-1.90%
-0.46%
-3.31%
0.84%
0.70%
-0.50%
1.35%
BND
2.49%
-0.67%
0.77%
5.82%
1.52%
-1.00%
1.54%
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FLNCX vs. BND - Expense Ratio Comparison
FLNCX has a 0.76% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
FLNCX vs. BND — Risk-Adjusted Performance Rank
FLNCX
BND
FLNCX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen North Carolina Municipal Bond Fund (FLNCX) and Vanguard Total Bond Market ETF (BND). 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.
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Dividends
FLNCX vs. BND - Dividend Comparison
FLNCX's dividend yield for the trailing twelve months is around 3.17%, less than BND's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLNCX Nuveen North Carolina Municipal Bond Fund | 3.17% | 2.74% | 2.44% | 2.06% | 1.72% | 2.11% | 2.45% | 2.79% | 2.85% | 3.08% | 3.16% | 3.33% |
BND Vanguard Total Bond Market ETF | 3.74% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
Drawdowns
FLNCX vs. BND - Drawdown Comparison
The maximum FLNCX drawdown since its inception was -16.51%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FLNCX and BND.
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Volatility
FLNCX vs. BND - Volatility Comparison
The current volatility for Nuveen North Carolina Municipal Bond Fund (FLNCX) is 0.85%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that FLNCX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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