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.
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.
Performance
NEA vs. HYGV - Performance Comparison
Key characteristics
NEA:
0.84
HYGV:
1.16
NEA:
1.19
HYGV:
1.63
NEA:
1.18
HYGV:
1.26
NEA:
0.35
HYGV:
1.28
NEA:
3.04
HYGV:
6.48
NEA:
2.91%
HYGV:
1.10%
NEA:
10.54%
HYGV:
6.14%
NEA:
-43.83%
HYGV:
-23.47%
NEA:
-17.90%
HYGV:
-1.63%
Returns By Period
In the year-to-date period, NEA achieves a -1.72% return, which is significantly lower than HYGV's 0.33% return.
NEA
-1.72%
-2.65%
-3.14%
9.58%
1.48%
2.67%
HYGV
0.33%
-0.59%
1.29%
7.52%
6.74%
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.
Dividends
NEA vs. HYGV - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.90%, less than HYGV's 8.00% 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% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.00% | 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. 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 7.18% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 4.84%. 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.