NAD vs. VUSUX

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX).

VUSUX is managed by Vanguard. It was launched on Feb 12, 2001.

Performance

NAD vs. VUSUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Quality Municipal Income Fund (NAD) and Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX). The values are adjusted to include any dividend payments, if applicable.

NAD vs. VUSUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAD Nuveen Quality Municipal Income Fund	-2.64%	11.29%	8.74%	1.26%	-22.85%	9.70%	10.33%	21.92%	-6.10%	6.37%
VUSUX Vanguard Long-Term Treasury Fund Admiral Shares	-0.54%	5.66%	-6.30%	3.43%	-29.51%	-4.71%	18.10%	14.26%	-1.80%	8.72%

Returns By Period

In the year-to-date period, NAD achieves a -2.64% return, which is significantly lower than VUSUX's -0.54% return. Over the past 10 years, NAD has outperformed VUSUX with an annualized return of 2.89%, while VUSUX has yielded a comparatively lower -0.83% annualized return.

NAD

• 1D: 2.31%
• 1M: -5.72%
• YTD: -2.64%
• 6M: 1.90%
• 1Y: 7.58%
• 3Y*: 6.52%
• 5Y*: 0.20%
• 10Y*: 2.89%

VUSUX

• 1D: 1.29%
• 1M: -4.37%
• YTD: -0.54%
• 6M: -0.69%
• 1Y: 0.31%
• 3Y*: -1.53%
• 5Y*: -4.62%
• 10Y*: -0.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NAD vs. VUSUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NAD

NAD Risk / Return Rank: 64
NAD Sharpe Ratio Rank: 66
NAD Sortino Ratio Rank: 55
NAD Omega Ratio Rank: 58
NAD Calmar Ratio Rank: 65
NAD Martin Ratio Rank: 75

VUSUX

VUSUX Risk / Return Rank: 9
VUSUX Sharpe Ratio Rank: 8
VUSUX Sortino Ratio Rank: 7
VUSUX Omega Ratio Rank: 7
VUSUX Calmar Ratio Rank: 13
VUSUX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NAD vs. VUSUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX). 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	VUSUX	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.14	+0.54
Sortino ratio Return per unit of downside risk	0.96	0.25	+0.71
Omega ratio Gain probability vs. loss probability	1.15	1.03	+0.11
Calmar ratio Return relative to maximum drawdown	1.05	0.32	+0.73
Martin ratio Return relative to average drawdown	4.47	0.71	+3.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAD vs. VUSUX - Sharpe Ratio Comparison

The current NAD Sharpe Ratio is 0.67, which is higher than the VUSUX Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of NAD and VUSUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NAD	VUSUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.14	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	-0.32	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	-0.06	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.30	+0.07

Correlation

The correlation between NAD and VUSUX is 0.26, 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.

Dividends

NAD vs. VUSUX - Dividend Comparison

NAD's dividend yield for the trailing twelve months is around 7.57%, more than VUSUX's 4.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAD Nuveen Quality Municipal Income Fund	7.57%	7.37%	6.63%	4.13%	5.58%	4.43%	4.41%	4.40%	5.37%	5.42%	6.05%	5.96%
VUSUX Vanguard Long-Term Treasury Fund Admiral Shares	4.11%	4.39%	4.15%	3.43%	3.05%	4.46%	10.28%	2.92%	2.91%	2.74%	5.38%	5.62%

Drawdowns

NAD vs. VUSUX - Drawdown Comparison

The maximum NAD drawdown since its inception was -44.65%, roughly equal to the maximum VUSUX drawdown of -46.12%. Use the drawdown chart below to compare losses from any high point for NAD and VUSUX.

Drawdown Indicators

	NAD	VUSUX	Difference
Max Drawdown Largest peak-to-trough decline	-44.65%	-46.12%	+1.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-8.76%	+0.68%
Max Drawdown (5Y) Largest decline over 5 years	-35.58%	-41.34%	+5.76%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	-46.12%	+10.54%
Current Drawdown Current decline from peak	-8.44%	-36.34%	+27.90%
Average Drawdown Average peak-to-trough decline	-7.84%	-11.36%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.93%	-2.03%

Volatility

NAD vs. VUSUX - Volatility Comparison

Nuveen Quality Municipal Income Fund (NAD) has a higher volatility of 6.01% compared to Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX) at 3.68%. This indicates that NAD's price experiences larger fluctuations and is considered to be riskier than VUSUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAD	VUSUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	3.68%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	6.11%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.32%	10.51%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.31%	14.64%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	13.79%	-1.95%