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.
Key characteristics
| NEA | HYGV | |
|---|---|---|
| YTD Return | 10.62% | 8.52% |
| 1Y Return | 22.55% | 15.17% |
| 3Y Return (Ann) | -4.46% | 2.47% |
| 5Y Return (Ann) | 0.84% | 4.76% |
| Sharpe Ratio | 2.22 | 3.10 |
| Sortino Ratio | 3.22 | 4.83 |
| Omega Ratio | 1.42 | 1.63 |
| Calmar Ratio | 0.66 | 1.78 |
| Martin Ratio | 13.42 | 24.16 |
| Ulcer Index | 1.53% | 0.59% |
| Daily Std Dev | 9.23% | 4.58% |
| Max Drawdown | -43.85% | -23.47% |
| Current Drawdown | -15.61% | 0.00% |
Correlation
The correlation between NEA and HYGV is 0.31, 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. HYGV - Performance Comparison
In the year-to-date period, NEA achieves a 10.62% return, which is significantly higher than HYGV's 8.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
NEA vs. HYGV - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 5.95%, less than HYGV's 8.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 5.95% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% | 6.80% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.23% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEA vs. HYGV - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.85%, 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. For additional features, visit the drawdowns tool.
Volatility
NEA vs. HYGV - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 3.53% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.03%. 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.