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:
0.64
SPY:
2.17
NDMO:
1.02
SPY:
2.88
NDMO:
1.12
SPY:
1.41
NDMO:
0.21
SPY:
3.19
NDMO:
2.54
SPY:
14.10
NDMO:
2.85%
SPY:
1.90%
NDMO:
11.29%
SPY:
12.39%
NDMO:
-42.50%
SPY:
-55.19%
NDMO:
-28.66%
SPY:
-3.19%
Returns By Period
In the year-to-date period, NDMO achieves a 7.57% return, which is significantly lower than SPY's 24.97% return.
NDMO
7.57%
-5.12%
-3.63%
7.57%
N/A
N/A
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
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 6.81%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 6.81% | 7.81% | 9.30% | 5.55% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR S&P 500 ETF (SPY) have volatilities of 3.59% and 3.64%, 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.