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 0.13, 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
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Key characteristics
NAD:
0.93
TLT:
-0.02
NAD:
1.27
TLT:
0.06
NAD:
1.18
TLT:
1.01
NAD:
0.40
TLT:
-0.01
NAD:
2.95
TLT:
-0.05
NAD:
3.15%
TLT:
7.85%
NAD:
10.21%
TLT:
14.47%
NAD:
-44.87%
TLT:
-48.35%
NAD:
-15.35%
TLT:
-42.63%
Returns By Period
In the year-to-date period, NAD achieves a 0.19% return, which is significantly higher than TLT's 0.14% return. Over the past 10 years, NAD has outperformed TLT with an annualized return of 3.08%, while TLT has yielded a comparatively lower -0.86% annualized return.
NAD
0.19%
5.32%
-2.24%
9.39%
2.12%
3.08%
TLT
0.14%
-0.38%
-4.28%
-0.30%
-9.84%
-0.86%
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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.
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Dividends
NAD vs. TLT - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.75%, more than TLT's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.75% | 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 | 4.39% | 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.
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Volatility
NAD vs. TLT - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 2.69%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.83%. 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.
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