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:
1.40
TLT:
-0.29
NAD:
1.94
TLT:
-0.31
NAD:
1.25
TLT:
0.96
NAD:
0.49
TLT:
-0.09
NAD:
5.68
TLT:
-0.62
NAD:
2.16%
TLT:
6.62%
NAD:
8.76%
TLT:
14.07%
NAD:
-44.83%
TLT:
-48.35%
NAD:
-14.80%
TLT:
-42.80%
Returns By Period
In the year-to-date period, NAD achieves a 0.74% return, which is significantly higher than TLT's -0.16% return. Over the past 10 years, NAD has outperformed TLT with an annualized return of 3.21%, while TLT has yielded a comparatively lower -1.83% annualized return.
NAD
0.74%
2.32%
3.15%
12.69%
0.36%
3.21%
TLT
-0.16%
-1.27%
-3.95%
-3.52%
-6.70%
-1.83%
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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 6.92%, more than TLT's 4.31% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.31% | 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 -44.83%, 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 3.20%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.49%. 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.