NAD vs. SWPPX
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and Schwab S&P 500 Index Fund (SWPPX).
SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAD or SWPPX.
Correlation
The correlation between NAD and SWPPX is 0.11, 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. SWPPX - Performance Comparison
Key characteristics
NAD:
0.97
SWPPX:
2.10
NAD:
1.35
SWPPX:
2.80
NAD:
1.17
SWPPX:
1.39
NAD:
0.34
SWPPX:
3.12
NAD:
4.53
SWPPX:
13.52
NAD:
1.86%
SWPPX:
1.95%
NAD:
8.72%
SWPPX:
12.59%
NAD:
-44.83%
SWPPX:
-55.06%
NAD:
-16.73%
SWPPX:
-3.72%
Returns By Period
In the year-to-date period, NAD achieves a 7.09% return, which is significantly lower than SWPPX's 24.49% return. Over the past 10 years, NAD has underperformed SWPPX with an annualized return of 3.15%, while SWPPX has yielded a comparatively higher 12.92% annualized return.
NAD
7.09%
-3.41%
1.71%
8.61%
0.29%
3.15%
SWPPX
24.49%
-1.37%
7.94%
24.91%
14.50%
12.92%
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. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 6.76%, while SWPPX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 6.76% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% | 7.10% |
SWPPX Schwab S&P 500 Index Fund | 0.00% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
NAD vs. SWPPX - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.83%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NAD and SWPPX. For additional features, visit the drawdowns tool.
Volatility
NAD vs. SWPPX - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 2.90%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.97%. This indicates that NAD experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.