NAD vs. SGOV
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and iShares 0-3 Month Treasury Bond ETF (SGOV).
SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAD or SGOV.
Correlation
The correlation between NAD and SGOV is 0.02, 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. SGOV - Performance Comparison
Key characteristics
NAD:
0.97
SGOV:
21.61
NAD:
1.34
SGOV:
490.28
NAD:
1.18
SGOV:
491.28
NAD:
0.39
SGOV:
502.33
NAD:
3.50
SGOV:
7,974.31
NAD:
2.81%
SGOV:
0.00%
NAD:
10.16%
SGOV:
0.23%
NAD:
-44.87%
SGOV:
-0.03%
NAD:
-17.06%
SGOV:
0.00%
Returns By Period
In the year-to-date period, NAD achieves a -1.84% return, which is significantly lower than SGOV's 1.27% return.
NAD
-1.84%
-1.61%
-6.00%
9.72%
0.95%
2.80%
SGOV
1.27%
0.36%
2.21%
4.93%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NAD vs. SGOV — Risk-Adjusted Performance Rank
NAD
SGOV
NAD vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.91%, more than SGOV's 4.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.91% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% | 6.20% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NAD vs. SGOV - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.87%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for NAD and SGOV. For additional features, visit the drawdowns tool.
Volatility
NAD vs. SGOV - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) has a higher volatility of 6.43% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that NAD's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.