Correlation
The correlation between NEA and HYGV is 0.24, 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.
NEA vs. HYGV
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or HYGV.
Performance
NEA vs. HYGV - Performance Comparison
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Key characteristics
NEA:
0.88
HYGV:
1.36
NEA:
1.14
HYGV:
1.89
NEA:
1.17
HYGV:
1.30
NEA:
0.35
HYGV:
1.51
NEA:
2.56
HYGV:
7.27
NEA:
3.31%
HYGV:
1.16%
NEA:
10.55%
HYGV:
6.28%
NEA:
-43.83%
HYGV:
-23.47%
NEA:
-16.89%
HYGV:
0.00%
Returns By Period
In the year-to-date period, NEA achieves a -0.51% return, which is significantly lower than HYGV's 2.13% return.
NEA
-0.51%
-0.06%
-5.02%
7.87%
0.64%
0.38%
3.18%
HYGV
2.13%
2.27%
1.41%
8.15%
5.65%
5.62%
N/A
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Risk-Adjusted Performance
NEA vs. HYGV — Risk-Adjusted Performance Rank
NEA
HYGV
NEA vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.
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Dividends
NEA vs. HYGV - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 8.07%, more than HYGV's 7.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 8.07% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.87% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEA vs. HYGV - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for NEA and HYGV.
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Volatility
NEA vs. HYGV - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 2.45% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.82%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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