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.
Performance
NEA vs. HYGV - Performance Comparison
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NEA vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | -0.17% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 10.07% | 22.42% | -3.78% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | -0.23% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
Returns By Period
In the year-to-date period, NEA achieves a -0.17% return, which is significantly higher than HYGV's -0.23% return.
NEA
- 1D
- 1.60%
- 1M
- -3.55%
- YTD
- -0.17%
- 6M
- 3.40%
- 1Y
- 9.39%
- 3Y*
- 7.48%
- 5Y*
- 0.39%
- 10Y*
- 3.17%
HYGV
- 1D
- 0.29%
- 1M
- -0.80%
- YTD
- -0.23%
- 6M
- 0.82%
- 1Y
- 6.88%
- 3Y*
- 7.94%
- 5Y*
- 3.43%
- 10Y*
- —
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Return for Risk
NEA vs. HYGV — Risk / Return Rank
NEA
HYGV
NEA vs. HYGV - Risk-Adjusted Trends 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.
| NEA | HYGV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.12 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.59 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.57 | -0.41 |
Martin ratioReturn relative to average drawdown | 4.81 | 7.57 | -2.76 |
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 | HYGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.12 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.45 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.53 | -0.22 |
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.
Dividends
NEA vs. HYGV - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.37%, less than HYGV's 7.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.37% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.52% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% | 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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Drawdown Indicators
| NEA | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -23.47% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -4.54% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -17.12% | -19.45% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | — | — |
Current DrawdownCurrent decline from peak | -7.17% | -1.32% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -3.39% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.94% | +1.09% |
Volatility
NEA vs. HYGV - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 5.19% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 2.32%. 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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Volatility by Period
| NEA | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 2.32% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 2.99% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 6.19% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 7.57% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 9.28% | +2.40% |