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.
Key characteristics
| NAD | TLT | |
|---|---|---|
| YTD Return | 11.25% | -5.60% |
| 1Y Return | 20.30% | 6.12% |
| 3Y Return (Ann) | -3.63% | -12.04% |
| 5Y Return (Ann) | 1.40% | -5.81% |
| 10Y Return (Ann) | 3.67% | -0.28% |
| Sharpe Ratio | 2.26 | 0.31 |
| Sortino Ratio | 3.20 | 0.54 |
| Omega Ratio | 1.42 | 1.06 |
| Calmar Ratio | 0.74 | 0.10 |
| Martin Ratio | 12.22 | 0.76 |
| Ulcer Index | 1.66% | 6.13% |
| Daily Std Dev | 8.99% | 14.86% |
| Max Drawdown | -44.90% | -48.35% |
| Current Drawdown | -13.55% | -41.18% |
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
In the year-to-date period, NAD achieves a 11.25% return, which is significantly higher than TLT's -5.60% return. Over the past 10 years, NAD has outperformed TLT with an annualized return of 3.67%, while TLT has yielded a comparatively lower -0.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 6.15%, more than TLT's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 6.15% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% | 7.10% |
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
NAD vs. TLT - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.90%, 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
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 3.53%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.90%. This indicates that NAD experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.