NDMO vs. NXP
Compare and contrast key facts about Nuveen Dynamic Municipal Opportunities Fund (NDMO) and Nuveen Select Tax-Free Income Portfolio (NXP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDMO or NXP.
Correlation
The correlation between NDMO and NXP is 0.23, 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
NDMO vs. NXP - Performance Comparison
Key characteristics
NDMO:
0.70
NXP:
0.47
NDMO:
1.11
NXP:
0.69
NDMO:
1.13
NXP:
1.09
NDMO:
0.23
NXP:
0.23
NDMO:
2.64
NXP:
1.85
NDMO:
2.98%
NXP:
2.14%
NDMO:
11.20%
NXP:
8.43%
NDMO:
-42.50%
NXP:
-27.60%
NDMO:
-28.74%
NXP:
-9.89%
Fundamentals
NDMO:
$612.30M
NXP:
$723.00M
NDMO:
$0.61
NXP:
$1.57
NDMO:
16.85
NXP:
9.36
Returns By Period
In the year-to-date period, NDMO achieves a 7.44% return, which is significantly higher than NXP's 3.61% return.
NDMO
7.44%
-5.05%
-4.23%
6.79%
N/A
N/A
NXP
3.61%
1.24%
4.33%
3.47%
1.33%
4.20%
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Risk-Adjusted Performance
NDMO vs. NXP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and Nuveen Select Tax-Free Income Portfolio (NXP). 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
NDMO vs. NXP - Dividend Comparison
NDMO's dividend yield for the trailing twelve months is around 7.48%, more than NXP's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 7.48% | 7.81% | 9.30% | 5.55% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.15% | 3.98% | 3.97% | 3.45% | 3.10% | 3.36% | 3.92% | 3.83% | 4.00% | 4.03% | 4.44% | 4.90% |
Drawdowns
NDMO vs. NXP - Drawdown Comparison
The maximum NDMO drawdown since its inception was -42.50%, which is greater than NXP's maximum drawdown of -27.60%. Use the drawdown chart below to compare losses from any high point for NDMO and NXP. For additional features, visit the drawdowns tool.
Volatility
NDMO vs. NXP - Volatility Comparison
Nuveen Dynamic Municipal Opportunities Fund (NDMO) and Nuveen Select Tax-Free Income Portfolio (NXP) have volatilities of 3.41% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NDMO vs. NXP - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Dynamic Municipal Opportunities Fund and Nuveen Select Tax-Free Income Portfolio. 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