MQT vs. NEA

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock MuniYield Quality Fund II (MQT) and Nuveen AMT-Free Quality Municipal Income Fund (NEA).

MQT is an actively managed fund by BlackRock. It was launched on Sep 21, 1992.

Performance

MQT vs. NEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock MuniYield Quality Fund II (MQT) and Nuveen AMT-Free Quality Municipal Income Fund (NEA). The values are adjusted to include any dividend payments, if applicable.

MQT vs. NEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MQT BlackRock MuniYield Quality Fund II	3.47%	8.46%	0.87%	5.82%	-25.72%	8.48%	12.49%	18.86%	-8.52%	8.06%
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

MQT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MQT vs. NEA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEA

NEA Risk / Return Rank: 66
NEA Sharpe Ratio Rank: 69
NEA Sortino Ratio Rank: 60
NEA Omega Ratio Rank: 62
NEA Calmar Ratio Rank: 65
NEA Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MQT vs. NEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund II (MQT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MQT	NEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Correlation

The correlation between MQT and NEA is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MQT vs. NEA - Dividend Comparison

MQT's dividend yield for the trailing twelve months is around 5.45%, less than NEA's 7.37% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MQT BlackRock MuniYield Quality Fund II	5.45%	6.09%	6.02%	4.24%	5.98%	4.47%	4.17%	4.25%	4.97%	5.51%	6.01%	6.29%
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

Drawdown Indicators

	MQT	NEA	Difference
Max Drawdown Largest peak-to-trough decline	—	-43.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.57%	—
Current Drawdown Current decline from peak	—	-7.17%	—
Average Drawdown Average peak-to-trough decline	—	-8.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.03%	—

Volatility

Volatility by Period

	MQT	NEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.41%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.19%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.68%	—