NAD vs. NEA
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and Nuveen AMT-Free Quality Municipal Income Fund (NEA).
Performance
NAD vs. NEA - Performance Comparison
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NAD vs. NEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | -2.64% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | -1.74% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 10.07% | 22.42% | -5.72% | 8.77% |
Fundamentals
NAD:
$2.68B
NEA:
$3.36B
NAD:
$2.47
NEA:
$2.18
NAD:
4.66
NEA:
5.14
NAD:
0.02
NEA:
0.01
NAD:
6.54
NEA:
4.07
NAD:
0.94
NEA:
0.95
NAD:
$410.48M
NEA:
$824.80M
NAD:
$385.55M
NEA:
$779.17M
NAD:
$744.52M
NEA:
$732.48M
Returns By Period
In the year-to-date period, NAD achieves a -2.64% return, which is significantly lower than NEA's -1.74% return. Both investments have delivered pretty close results over the past 10 years, with NAD having a 2.89% annualized return and NEA not far ahead at 3.01%.
NAD
- 1D
- 2.31%
- 1M
- -5.72%
- YTD
- -2.64%
- 6M
- 1.90%
- 1Y
- 7.58%
- 3Y*
- 6.52%
- 5Y*
- 0.20%
- 10Y*
- 2.89%
NEA
- 1D
- 2.28%
- 1M
- -4.67%
- YTD
- -1.74%
- 6M
- 2.13%
- 1Y
- 8.05%
- 3Y*
- 6.92%
- 5Y*
- 0.07%
- 10Y*
- 3.01%
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Return for Risk
NAD vs. NEA — Risk / Return Rank
NAD
NEA
NAD vs. NEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) 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.
| NAD | NEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.72 | -0.04 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.04 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.02 | +0.03 |
Martin ratioReturn relative to average drawdown | 4.47 | 4.27 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAD | NEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.72 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.01 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.26 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.31 | +0.06 |
Correlation
The correlation between NAD and NEA is 0.53, 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
NAD vs. NEA - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.57%, more than NEA's 7.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.57% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.49% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
Drawdowns
NAD vs. NEA - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.65%, roughly equal to the maximum NEA drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for NAD and NEA.
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Drawdown Indicators
| NAD | NEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.65% | -43.83% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -8.45% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -35.58% | -36.57% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -36.57% | +0.99% |
Current DrawdownCurrent decline from peak | -8.44% | -8.64% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -8.03% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.02% | -0.12% |
Volatility
NAD vs. NEA - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) has a higher volatility of 6.01% compared to Nuveen AMT-Free Quality Municipal Income Fund (NEA) at 4.87%. This indicates that NAD's price experiences larger fluctuations and is considered to be riskier than NEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAD | NEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 4.87% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 7.04% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 11.31% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 11.17% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.84% | 11.67% | +0.17% |
Financials
NAD vs. NEA - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Quality Municipal Income Fund and Nuveen AMT-Free Quality Municipal Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities