NAD vs. IVV
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and iShares Core S&P 500 ETF (IVV).
IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAD or IVV.
Correlation
The correlation between NAD and IVV is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NAD vs. IVV - Performance Comparison
Key characteristics
NAD:
1.57
IVV:
1.98
NAD:
2.15
IVV:
2.65
NAD:
1.28
IVV:
1.36
NAD:
0.53
IVV:
2.98
NAD:
5.72
IVV:
12.36
NAD:
2.32%
IVV:
2.03%
NAD:
8.45%
IVV:
12.68%
NAD:
-44.83%
IVV:
-55.25%
NAD:
-13.20%
IVV:
0.00%
Returns By Period
In the year-to-date period, NAD achieves a 2.64% return, which is significantly lower than IVV's 4.08% return. Over the past 10 years, NAD has underperformed IVV with an annualized return of 3.74%, while IVV has yielded a comparatively higher 13.28% annualized return.
NAD
2.64%
2.06%
2.17%
11.94%
0.50%
3.74%
IVV
4.08%
2.86%
10.73%
23.14%
14.36%
13.28%
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Risk-Adjusted Performance
NAD vs. IVV — Risk-Adjusted Performance Rank
NAD
IVV
NAD vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and iShares Core S&P 500 ETF (IVV). 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
NAD vs. IVV - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 6.43%, more than IVV's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 6.43% | 6.66% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% |
IVV iShares Core S&P 500 ETF | 1.25% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
Drawdowns
NAD vs. IVV - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.83%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NAD and IVV. For additional features, visit the drawdowns tool.
Volatility
NAD vs. IVV - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 1.76%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.11%. This indicates that NAD experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.