NEA vs. CLOZ
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Panagram Bbb-B Clo ETF (CLOZ).
CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or CLOZ.
Correlation
The correlation between NEA and CLOZ is 0.15, 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
NEA vs. CLOZ - Performance Comparison
Key characteristics
NEA:
0.84
CLOZ:
1.42
NEA:
1.19
CLOZ:
1.86
NEA:
1.18
CLOZ:
1.52
NEA:
0.35
CLOZ:
1.23
NEA:
3.04
CLOZ:
5.98
NEA:
2.91%
CLOZ:
1.09%
NEA:
10.54%
CLOZ:
4.62%
NEA:
-43.83%
CLOZ:
-5.33%
NEA:
-17.90%
CLOZ:
-2.35%
Returns By Period
In the year-to-date period, NEA achieves a -1.72% return, which is significantly lower than CLOZ's -0.90% return.
NEA
-1.72%
-2.65%
-3.14%
9.58%
1.48%
2.67%
CLOZ
-0.90%
-0.59%
1.82%
6.60%
N/A
N/A
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Risk-Adjusted Performance
NEA vs. CLOZ — Risk-Adjusted Performance Rank
NEA
CLOZ
NEA vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Panagram Bbb-B Clo ETF (CLOZ). 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
NEA vs. CLOZ - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.90%, less than CLOZ's 8.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.90% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% |
CLOZ Panagram Bbb-B Clo ETF | 8.80% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEA vs. CLOZ - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, which is greater than CLOZ's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for NEA and CLOZ. For additional features, visit the drawdowns tool.
Volatility
NEA vs. CLOZ - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 7.18% compared to Panagram Bbb-B Clo ETF (CLOZ) at 4.31%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.