MUNIX vs. NVG
Compare and contrast key facts about AlphaCentric SWBC Municipal Opportunities Fund (MUNIX) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
MUNIX is managed by AlphaCentric Funds. It was launched on Dec 30, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUNIX or NVG.
Correlation
The correlation between MUNIX and NVG is 0.48, 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.
Performance
MUNIX vs. NVG - Performance Comparison
Key characteristics
Returns By Period
MUNIX
N/A
N/A
N/A
N/A
N/A
N/A
NVG
4.50%
3.07%
2.61%
15.19%
-0.34%
4.44%
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Risk-Adjusted Performance
MUNIX vs. NVG — Risk-Adjusted Performance Rank
MUNIX
NVG
MUNIX vs. NVG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric SWBC Municipal Opportunities Fund (MUNIX) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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.
Dividends
MUNIX vs. NVG - Dividend Comparison
MUNIX has not paid dividends to shareholders, while NVG's dividend yield for the trailing twelve months is around 7.00%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNIX AlphaCentric SWBC Municipal Opportunities Fund | 0.17% | 0.63% | 4.60% | 3.33% | 3.79% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.00% | 6.76% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% |
Drawdowns
MUNIX vs. NVG - Drawdown Comparison
Volatility
MUNIX vs. NVG - Volatility Comparison
The current volatility for AlphaCentric SWBC Municipal Opportunities Fund (MUNIX) is 0.00%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 2.84%. This indicates that MUNIX experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.