NEA vs. BMEZ
NEA (Nuveen AMT-Free Quality Municipal Income Fund) and BMEZ (BlackRock Health Sciences Trust II) are both stocks. Both are in the Financial Services sector — NEA in Asset Management, BMEZ in Capital Markets. Over the past 5 years, NEA returned -0.37%/yr vs -3.85%/yr for BMEZ. At a 0.27 correlation, their price movements are largely independent.
Performance
NEA vs. BMEZ - Performance Comparison
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Returns By Period
In the year-to-date period, NEA achieves a 1.11% return, which is significantly higher than BMEZ's -1.89% return.
NEA
- 1D
- -0.70%
- 1M
- -1.31%
- YTD
- 1.11%
- 6M
- 1.88%
- 1Y
- 13.65%
- 3Y*
- 8.73%
- 5Y*
- -0.37%
- 10Y*
- 2.81%
BMEZ
- 1D
- -0.77%
- 1M
- 1.06%
- YTD
- -1.89%
- 6M
- -3.49%
- 1Y
- 6.83%
- 3Y*
- 6.74%
- 5Y*
- -3.85%
- 10Y*
- —
NEA vs. BMEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 1.11% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 7.28% |
BMEZ BlackRock Health Sciences Trust II | -1.89% | 18.69% | 9.54% | 5.07% | -32.65% | -6.00% | 48.77% |
Correlation
The correlation between NEA and BMEZ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2020 | 0.27 |
Fundamentals
NEA:
$824.80M
BMEZ:
$58.97M
NEA:
$779.17M
BMEZ:
$52.95M
NEA:
$732.48M
BMEZ:
$43.53M
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Return for Risk
NEA vs. BMEZ — Risk / Return Rank
NEA
BMEZ
NEA vs. BMEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and BlackRock Health Sciences Trust II (BMEZ). 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.
| NEA | BMEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 0.61 | +1.27 |
| Martin ratioReturn relative to average drawdown | 7.51 | 1.51 | +6.00 |
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
| NEA | BMEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.45 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.19 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.16 |
Drawdowns
NEA vs. BMEZ - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, smaller than the maximum BMEZ drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for NEA and BMEZ.
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Drawdown Indicators
| NEA | BMEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -46.19% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -11.24% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.16% | -18.41% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -46.17% | +9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | — | — |
Current DrawdownCurrent decline from peak | -5.99% | -21.30% | +15.31% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -24.16% | +16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 4.56% | -2.74% |
Volatility
NEA vs. BMEZ - Volatility Comparison
The current volatility for Nuveen AMT-Free Quality Municipal Income Fund (NEA) is 2.94%, while BlackRock Health Sciences Trust II (BMEZ) has a volatility of 5.13%. This indicates that NEA experiences smaller price fluctuations and is considered to be less risky than BMEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEA | BMEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 5.13% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 11.52% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 15.28% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 19.91% | -8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.81% | 24.15% | -12.34% |
Dividends
NEA vs. BMEZ - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.28%, less than BMEZ's 10.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 10.86% | 12.43% | 11.74% | 10.80% | 11.28% | 6.51% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.28% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
Financials
NEA vs. BMEZ - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Quality Municipal Income Fund and BlackRock Health Sciences Trust II. 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
NEA and BMEZ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMEZ has higher volatility (5.13%) compared to NEA (2.94%). In terms of maximum drawdown, NEA dropped -43.83% vs BMEZ's -46.19%.
NEA currently has the higher Sharpe Ratio (1.29 vs 0.45), 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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