NDMO vs. SPY
Compare and contrast key facts about Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDMO or SPY.
Correlation
The correlation between NDMO and SPY is 0.21, 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. SPY - Performance Comparison
Key characteristics
NDMO:
0.51
SPY:
1.87
NDMO:
0.79
SPY:
2.52
NDMO:
1.10
SPY:
1.35
NDMO:
0.18
SPY:
2.81
NDMO:
1.25
SPY:
11.69
NDMO:
4.16%
SPY:
2.02%
NDMO:
10.29%
SPY:
12.65%
NDMO:
-42.50%
SPY:
-55.19%
NDMO:
-23.89%
SPY:
0.00%
Returns By Period
In the year-to-date period, NDMO achieves a 5.96% return, which is significantly higher than SPY's 4.58% return.
NDMO
5.96%
1.96%
-0.35%
5.42%
N/A
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NDMO vs. SPY — Risk-Adjusted Performance Rank
NDMO
SPY
NDMO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NDMO's dividend yield for the trailing twelve months is around 7.09%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 7.09% | 7.43% | 7.81% | 9.30% | 5.55% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NDMO vs. SPY - Drawdown Comparison
The maximum NDMO drawdown since its inception was -42.50%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NDMO and SPY. For additional features, visit the drawdowns tool.
Volatility
NDMO vs. SPY - Volatility Comparison
The current volatility for Nuveen Dynamic Municipal Opportunities Fund (NDMO) is 1.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. This indicates that NDMO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.