NEA vs. MUB
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and iShares National AMT-Free Muni Bond ETF (MUB).
MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or MUB.
Correlation
The correlation between NEA and MUB is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NEA vs. MUB - Performance Comparison
Key characteristics
NEA:
0.84
MUB:
0.14
NEA:
1.19
MUB:
0.21
NEA:
1.18
MUB:
1.03
NEA:
0.35
MUB:
0.14
NEA:
3.04
MUB:
0.47
NEA:
2.91%
MUB:
1.40%
NEA:
10.54%
MUB:
4.74%
NEA:
-43.83%
MUB:
-13.68%
NEA:
-17.90%
MUB:
-3.19%
Returns By Period
In the year-to-date period, NEA achieves a -1.72% return, which is significantly lower than MUB's -1.61% return. Over the past 10 years, NEA has outperformed MUB with an annualized return of 2.67%, while MUB has yielded a comparatively lower 1.84% annualized return.
NEA
-1.72%
-2.65%
-3.14%
9.58%
1.48%
2.67%
MUB
-1.61%
-0.52%
-1.27%
1.03%
0.94%
1.84%
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Risk-Adjusted Performance
NEA vs. MUB — Risk-Adjusted Performance Rank
NEA
MUB
NEA vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.90%, more than MUB's 3.12% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 3.12% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
NEA vs. MUB - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for NEA and MUB. For additional features, visit the drawdowns tool.
Volatility
NEA vs. MUB - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 7.18% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 3.06%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.