NAD vs. DSL
NAD (Nuveen Quality Municipal Income Fund) is a stock, while DSL (DoubleLine Income Solutions Fund) is High Yield Bonds fund managed by DoubleLine. Over the past 10 years, NAD returned 2.83%/yr vs 5.38%/yr for DSL. At a 0.29 correlation, their price movements are largely independent.
Performance
NAD vs. DSL - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with NAD having a 2.38% return and DSL slightly lower at 2.31%. Over the past 10 years, NAD has underperformed DSL with an annualized return of 2.83%, while DSL has yielded a comparatively higher 5.38% annualized return.
NAD
- 1D
- -0.42%
- 1M
- 1.28%
- YTD
- 2.38%
- 6M
- 2.47%
- 1Y
- 13.47%
- 3Y*
- 9.46%
- 5Y*
- 0.16%
- 10Y*
- 2.83%
DSL
- 1D
- 1.01%
- 1M
- 0.18%
- YTD
- 2.31%
- 6M
- 3.60%
- 1Y
- -0.24%
- 3Y*
- 8.45%
- 5Y*
- 1.10%
- 10Y*
- 5.38%
NAD vs. DSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 2.38% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
DSL DoubleLine Income Solutions Fund | 2.31% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
Correlation
The correlation between NAD and DSL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NAD vs. DSL — Risk / Return Rank
NAD
DSL
NAD vs. DSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and DoubleLine Income Solutions Fund (DSL). 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.
| NAD | DSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.02 | +1.70 |
| Martin ratioReturn relative to average drawdown | 6.58 | -0.04 | +6.62 |
Loading charts...
Drawdowns
NAD vs. DSL - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.65%, smaller than the maximum DSL drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for NAD and DSL.
Loading charts...
Drawdown Indicators
| NAD | DSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.65% | -49.51% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -11.16% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -14.43% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -35.58% | -34.18% | -1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -49.51% | +13.93% |
Current DrawdownCurrent decline from peak | -3.72% | -5.51% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -8.73% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 5.64% | -3.58% |
Volatility
NAD vs. DSL - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) and DoubleLine Income Solutions Fund (DSL) have volatilities of 3.60% and 3.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NAD | DSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.59% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 7.64% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 9.33% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.63% | 14.84% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 20.09% | -8.16% |
Dividends
NAD vs. DSL - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.21%, less than DSL's 12.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.02% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
NAD Nuveen Quality Municipal Income Fund | 7.21% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
Frequently Asked Questions
NAD and DSL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAD has higher volatility (3.60%) compared to DSL (3.59%). In terms of maximum drawdown, NAD dropped -44.65% vs DSL's -49.51%.
NAD currently has the higher Sharpe Ratio (1.23 vs -0.03), 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.
Find the right allocation for NAD and DSL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer