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:
1.40
SWPPX:
2.19
NAD:
1.94
SWPPX:
2.91
NAD:
1.25
SWPPX:
1.40
NAD:
0.49
SWPPX:
3.34
NAD:
5.68
SWPPX:
13.91
NAD:
2.16%
SWPPX:
2.03%
NAD:
8.76%
SWPPX:
12.88%
NAD:
-44.83%
SWPPX:
-55.06%
NAD:
-14.80%
SWPPX:
-1.41%
Returns By Period
In the year-to-date period, NAD achieves a 0.74% return, which is significantly lower than SWPPX's 2.02% return. Over the past 10 years, NAD has underperformed SWPPX with an annualized return of 3.16%, while SWPPX has yielded a comparatively higher 13.26% annualized return.
NAD
0.74%
1.26%
3.06%
13.00%
0.45%
3.16%
SWPPX
2.02%
2.21%
9.64%
27.12%
14.28%
13.26%
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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 6.92%, more than SWPPX's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 6.92% | 6.66% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% |
SWPPX Schwab S&P 500 Index Fund | 1.21% | 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 -44.83%, 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 3.20%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 5.06%. 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.