NAD vs. USA
NAD (Nuveen Quality Municipal Income Fund) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, NAD returned 2.62%/yr vs 12.12%/yr for USA. At a 0.13 correlation, their price movements are largely independent.
Performance
NAD vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, NAD achieves a 0.07% return, which is significantly higher than USA's -2.46% return. Over the past 10 years, NAD has underperformed USA with an annualized return of 2.62%, while USA has yielded a comparatively higher 12.12% annualized return.
NAD
- 1D
- -0.51%
- 1M
- -1.67%
- YTD
- 0.07%
- 6M
- -0.34%
- 1Y
- 12.30%
- 3Y*
- 8.43%
- 5Y*
- -0.34%
- 10Y*
- 2.62%
USA
- 1D
- 0.52%
- 1M
- -0.34%
- YTD
- -2.46%
- 6M
- -0.07%
- 1Y
- -4.04%
- 3Y*
- 8.72%
- 5Y*
- 1.63%
- 10Y*
- 12.12%
NAD vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 0.07% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
USA Liberty All-Star Equity Fund | -2.46% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between NAD and USA is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 27, 1999 | 0.13 |
The correlation between NAD and USA shifts across timeframes, from 0.13 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NAD:
$2.73B
USA:
$1.75B
NAD:
$2.47
USA:
$1.42
NAD:
4.73
USA:
4.09
NAD:
6.64
USA:
4.86
NAD:
0.95
USA:
0.85
NAD:
$410.48M
USA:
$355.74M
NAD:
$385.55M
USA:
$329.90M
NAD:
$744.52M
USA:
$305.11M
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Return for Risk
NAD vs. USA — Risk / Return Rank
NAD
USA
NAD vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and Liberty All-Star Equity Fund (USA). 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.
| NAD | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.96 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.27 | +1.79 |
| Martin ratioReturn relative to average drawdown | 6.03 | -0.64 | +6.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAD | USA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | -0.30 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.08 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.54 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.34 | +0.04 |
Drawdowns
NAD vs. USA - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.65%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for NAD and USA.
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Drawdown Indicators
| NAD | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.65% | -69.15% | +24.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -15.28% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -17.69% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -35.58% | -34.05% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -47.07% | +11.49% |
Current DrawdownCurrent decline from peak | -5.89% | -7.69% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -11.52% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 6.36% | -4.31% |
Volatility
NAD vs. USA - Volatility Comparison
Nuveen Quality Municipal Income Fund (NAD) has a higher volatility of 3.22% compared to Liberty All-Star Equity Fund (USA) at 2.25%. This indicates that NAD's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAD | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 2.25% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 10.17% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 13.45% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 20.24% | -8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 22.56% | -10.63% |
Dividends
NAD vs. USA - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 7.37%, less than USA's 11.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.37% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
USA Liberty All-Star Equity Fund | 11.72% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
NAD vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Quality Municipal Income Fund and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NAD and USA have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAD has higher volatility (3.22%) compared to USA (2.25%). In terms of maximum drawdown, NAD dropped -44.65% vs USA's -69.15%.
NAD currently has the higher Sharpe Ratio (1.14 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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