NAD vs. SPY
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAD or SPY.
Correlation
The correlation between NAD and SPY is 0.12, 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. SPY - Performance Comparison
Key characteristics
NAD:
0.83
SPY:
2.17
NAD:
1.17
SPY:
2.88
NAD:
1.15
SPY:
1.41
NAD:
0.29
SPY:
3.19
NAD:
4.01
SPY:
14.10
NAD:
1.81%
SPY:
1.90%
NAD:
8.76%
SPY:
12.39%
NAD:
-44.83%
SPY:
-55.19%
NAD:
-16.88%
SPY:
-3.19%
Returns By Period
In the year-to-date period, NAD achieves a 6.90% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, NAD has underperformed SPY with an annualized return of 3.17%, while SPY has yielded a comparatively higher 12.92% annualized return.
NAD
6.90%
-3.73%
1.28%
8.23%
0.25%
3.17%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
NAD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 6.77%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 6.77% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% | 7.10% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NAD vs. SPY - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NAD and SPY. For additional features, visit the drawdowns tool.
Volatility
NAD vs. SPY - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 2.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.64%. This indicates that NAD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.