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 2.62%/yr vs 7.56%/yr for PDI. At a 0.23 correlation, their price movements are largely independent.
Performance
NAD vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, NAD achieves a 0.07% return, which is significantly lower than PDI's 0.27% return. Over the past 10 years, NAD has underperformed PDI with an annualized return of 2.62%, while PDI has yielded a comparatively higher 7.56% annualized return.
NAD
- 1D
- -0.51%
- 1M
- -1.67%
- YTD
- 0.07%
- 6M
- -0.34%
- 1Y
- 12.30%
- 3Y*
- 8.43%
- 5Y*
- -0.34%
- 10Y*
- 2.62%
PDI
- 1D
- -0.54%
- 1M
- -4.51%
- YTD
- 0.27%
- 6M
- -0.40%
- 1Y
- 1.93%
- 3Y*
- 10.92%
- 5Y*
- 2.42%
- 10Y*
- 7.56%
NAD vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 0.07% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
PDI PIMCO Dynamic Income Fund | 0.27% | 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 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | 0.23 |
The correlation between NAD and PDI shifts across timeframes, from 0.19 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NAD:
$2.73B
PDI:
$6.89B
NAD:
$2.47
PDI:
$3.86
NAD:
4.73
PDI:
4.33
NAD:
0.02
PDI:
0.07
NAD:
6.64
PDI:
3.21
NAD:
0.95
PDI:
0.93
NAD:
$410.48M
PDI:
$2.03B
NAD:
$385.55M
PDI:
$1.51B
NAD:
$744.52M
PDI:
$2.09B
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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.
| NAD | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.05 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.18 | +1.35 |
| Martin ratioReturn relative to average drawdown | 6.03 | 0.39 | +5.64 |
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 | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.17 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.16 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.40 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.58 | -0.21 |
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.
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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% | -27.23% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -46.47% | +10.89% |
Current DrawdownCurrent decline from peak | -5.89% | -7.57% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -6.22% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 4.98% | -2.93% |
Volatility
NAD vs. PDI - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) and PIMCO Dynamic Income Fund (PDI) have volatilities of 3.22% and 3.21%, 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.
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Volatility by Period
| NAD | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.21% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 8.14% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 11.24% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 15.53% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 19.05% | -7.12% |
Dividends
NAD vs. PDI - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.37%, less than PDI's 15.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.37% | 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 | 15.84% | 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
Frequently Asked Questions
NAD and PDI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAD has higher volatility (3.22%) compared to PDI (3.21%). In terms of maximum drawdown, NAD dropped -44.65% vs PDI's -46.47%.
NAD currently has the higher Sharpe Ratio (1.14 vs 0.17), 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.
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