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
Key characteristics
NAD:
0.97
SWPPX:
0.31
NAD:
1.34
SWPPX:
0.56
NAD:
1.18
SWPPX:
1.08
NAD:
0.39
SWPPX:
0.31
NAD:
3.50
SWPPX:
1.39
NAD:
2.81%
SWPPX:
4.19%
NAD:
10.16%
SWPPX:
18.99%
NAD:
-44.87%
SWPPX:
-55.06%
NAD:
-17.06%
SWPPX:
-13.94%
Returns By Period
In the year-to-date period, NAD achieves a -1.84% return, which is significantly higher than SWPPX's -9.96% return. Over the past 10 years, NAD has underperformed SWPPX with an annualized return of 2.83%, while SWPPX has yielded a comparatively higher 11.35% annualized return.
NAD
-1.84%
-2.80%
-6.00%
9.62%
0.99%
2.83%
SWPPX
-9.96%
-6.77%
-9.46%
7.60%
15.09%
11.35%
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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.
Dividends
NAD vs. SWPPX - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.91%, more than SWPPX's 1.37% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.37% | 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.
Volatility
NAD vs. SWPPX - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 6.43%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 13.58%. 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.