NAD vs. PDI
NAD (Nuveen Quality Municipal Income Fund) and PDI (PIMCO Dynamic Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, NAD returned 2.66%/yr vs 7.02%/yr for PDI. At a 0.23 correlation, their price movements are largely independent.
Performance
NAD vs. PDI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NAD achieves a 2.39% return, which is significantly higher than PDI's 0.51% return. Over the past 10 years, NAD has underperformed PDI with an annualized return of 2.66%, while PDI has yielded a comparatively higher 7.02% annualized return.
NAD
- 1D
- -0.59%
- 1M
- -0.75%
- 6M
- 1.12%
- YTD
- 2.39%
- 1Y
- 14.19%
- 3Y*
- 8.56%
- 5Y*
- -0.31%
- 10Y*
- 2.66%
- ALL TIME*
- 4.96%
PDI
- 1D
- -0.31%
- 1M
- 1.08%
- 6M
- -3.00%
- YTD
- 0.51%
- 1Y
- -0.48%
- 3Y*
- 9.66%
- 5Y*
- 2.84%
- 10Y*
- 7.02%
- ALL TIME*
- 10.02%
NAD vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 2.39% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
PDI PIMCO Dynamic Income Fund | 0.51% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between NAD and PDI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.23 |
The correlation between NAD and PDI shifts across timeframes, from 0.21 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NAD:
$2.76B
PDI:
$7.52B
NAD:
$1.03
PDI:
$3.64
NAD:
11.43
PDI:
4.48
NAD:
0.05
PDI:
0.07
NAD:
6.48
PDI:
3.32
NAD:
0.99
PDI:
0.91
NAD:
$425.93M
PDI:
$2.03B
NAD:
$369.39M
PDI:
$1.51B
NAD:
$450.24M
PDI:
$2.09B
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. PDI — Risk / Return Rank
NAD
PDI
NAD vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | -0.04 | +1.81 |
| Martin ratioReturn relative to average drawdown | 7.04 | -0.09 | +7.12 |
Loading charts...
Drawdowns
NAD vs. PDI - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.65%, roughly equal to the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for NAD and PDI.
Loading charts...
Drawdown Indicators
| NAD | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.65% | -46.47% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -10.95% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -17.55% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -35.58% | -27.19% | -8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -46.47% | +10.89% |
Current DrawdownCurrent decline from peak | -3.71% | -7.34% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -6.22% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 5.54% | -3.52% |
Volatility
NAD vs. PDI - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 1.85%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 2.40%. This indicates that NAD experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NAD | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 2.40% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 8.55% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 11.62% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.63% | 15.57% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.91% | 19.05% | -7.14% |
Dividends
NAD vs. PDI - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.21%, less than PDI's 16.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDI PIMCO Dynamic Income Fund | 16.24% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Financials
NAD vs. PDI - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Quality Municipal Income Fund and PIMCO Dynamic 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
NAD vs. PDI - Profitability Comparison
NAD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Nuveen Quality Municipal Income Fund reported a gross profit of 95.77M and revenue of 109.61M. Therefore, the gross margin over that period was 87.4%.
PDI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, PIMCO Dynamic Income Fund reported a gross profit of 558.21M and revenue of 615.21M. Therefore, the gross margin over that period was 90.7%.
NAD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Nuveen Quality Municipal Income Fund reported an operating income of 67.64M and revenue of 109.61M, resulting in an operating margin of 61.7%.
PDI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, PIMCO Dynamic Income Fund reported an operating income of 529.42M and revenue of 615.21M, resulting in an operating margin of 86.1%.
NAD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Nuveen Quality Municipal Income Fund reported a net income of 32.97M and revenue of 109.61M, resulting in a net margin of 30.1%.
PDI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, PIMCO Dynamic Income Fund reported a net income of 457.73M and revenue of 615.21M, resulting in a net margin of 74.4%.
Frequently Asked Questions
NAD and PDI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (2.40%) compared to NAD (1.85%). In terms of maximum drawdown, NAD dropped -44.65% vs PDI's -46.47%.
NAD currently has the higher Sharpe Ratio (1.30 vs -0.04), 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 PDI
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