NAD vs. PDO
NAD (Nuveen Quality Municipal Income Fund) and PDO (Pimco Dynamic Income Opportunities Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, NAD returned 0.16%/yr vs 1.78%/yr for PDO. At a 0.32 correlation, their price movements are largely independent.
Performance
NAD vs. PDO - Performance Comparison
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Returns By Period
In the year-to-date period, NAD achieves a 2.38% return, which is significantly higher than PDO's -1.72% 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%
PDO
- 1D
- 0.78%
- 1M
- 1.23%
- YTD
- -1.72%
- 6M
- -1.43%
- 1Y
- 7.30%
- 3Y*
- 12.44%
- 5Y*
- 1.78%
- 10Y*
- —
NAD vs. PDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 2.38% | 11.29% | 8.74% | 1.26% | -22.85% | 10.42% |
PDO Pimco Dynamic Income Opportunities Fund | -1.72% | 13.96% | 24.55% | 8.06% | -23.40% | 5.98% |
Correlation
The correlation between NAD and PDO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.32 |
The correlation between NAD and PDO shifts across timeframes, from 0.25 (1 year) to 0.36 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
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Return for Risk
NAD vs. PDO — Risk / Return Rank
NAD
PDO
NAD vs. PDO - 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 Opportunities Fund (PDO). 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 | PDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.66 | +1.02 |
| Martin ratioReturn relative to average drawdown | 6.58 | 2.29 | +4.29 |
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Drawdowns
NAD vs. PDO - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.65%, which is greater than PDO's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for NAD and PDO.
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Drawdown Indicators
| NAD | PDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.65% | -36.83% | -7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -11.18% | +3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -16.55% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -35.58% | -36.83% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | — | — |
Current DrawdownCurrent decline from peak | -3.72% | -5.54% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -14.37% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.20% | -1.14% |
Volatility
NAD vs. PDO - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) and Pimco Dynamic Income Opportunities Fund (PDO) have volatilities of 3.60% and 3.68%, 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 | PDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.68% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 9.06% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 10.08% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.63% | 15.80% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 15.54% | -3.61% |
Dividends
NAD vs. PDO - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.21%, less than PDO's 11.94% 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% |
PDO Pimco Dynamic Income Opportunities Fund | 11.94% | 11.09% | 11.29% | 12.54% | 19.09% | 8.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NAD vs. PDO - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Quality Municipal Income Fund and Pimco Dynamic Income Opportunities 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 PDO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDO has higher volatility (3.68%) compared to NAD (3.60%). In terms of maximum drawdown, NAD dropped -44.65% vs PDO's -36.83%.
NAD currently has the higher Sharpe Ratio (1.23 vs 0.73), 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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