NAD vs. TLT
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAD or TLT.
Correlation
The correlation between NAD and TLT is 0.24, 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. TLT - Performance Comparison
Key characteristics
NAD:
0.97
TLT:
0.23
NAD:
1.34
TLT:
0.41
NAD:
1.18
TLT:
1.05
NAD:
0.39
TLT:
0.07
NAD:
3.50
TLT:
0.44
NAD:
2.81%
TLT:
7.34%
NAD:
10.16%
TLT:
14.26%
NAD:
-44.87%
TLT:
-48.35%
NAD:
-17.06%
TLT:
-41.98%
Returns By Period
In the year-to-date period, NAD achieves a -1.84% return, which is significantly lower than TLT's 1.27% return. Over the past 10 years, NAD has outperformed TLT with an annualized return of 2.80%, while TLT has yielded a comparatively lower -1.37% annualized return.
NAD
-1.84%
-1.61%
-6.00%
9.72%
0.95%
2.80%
TLT
1.27%
-3.66%
-4.78%
2.64%
-9.85%
-1.37%
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Risk-Adjusted Performance
NAD vs. TLT — Risk-Adjusted Performance Rank
NAD
TLT
NAD vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.91%, more than TLT's 4.30% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.30% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
NAD vs. TLT - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.87%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for NAD and TLT. For additional features, visit the drawdowns tool.
Volatility
NAD vs. TLT - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) has a higher volatility of 6.43% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 5.56%. This indicates that NAD's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.