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 0.12, 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. SWPPX - Performance Comparison
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Key characteristics
NAD:
0.93
SWPPX:
0.69
NAD:
1.27
SWPPX:
1.13
NAD:
1.18
SWPPX:
1.17
NAD:
0.40
SWPPX:
0.76
NAD:
2.95
SWPPX:
2.92
NAD:
3.15%
SWPPX:
4.86%
NAD:
10.21%
SWPPX:
19.65%
NAD:
-44.87%
SWPPX:
-55.06%
NAD:
-15.35%
SWPPX:
-4.61%
Returns By Period
In the year-to-date period, NAD achieves a 0.19% return, which is significantly higher than SWPPX's -0.19% return. Over the past 10 years, NAD has underperformed SWPPX with an annualized return of 3.08%, while SWPPX has yielded a comparatively higher 12.41% annualized return.
NAD
0.19%
5.32%
-2.24%
9.39%
2.12%
3.08%
SWPPX
-0.19%
9.05%
-1.98%
13.38%
17.51%
12.41%
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Risk-Adjusted Performance
NAD vs. SWPPX — Risk-Adjusted Performance Rank
NAD
SWPPX
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.
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Dividends
NAD vs. SWPPX - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.75%, more than SWPPX's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.75% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% | 6.20% |
SWPPX Schwab S&P 500 Index Fund | 1.23% | 1.23% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% |
Drawdowns
NAD vs. SWPPX - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.87%, 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.
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Volatility
NAD vs. SWPPX - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 2.69%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 6.26%. 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.
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