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.
Performance
NEA vs. MUB - Performance Comparison
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NEA vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | -0.17% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 10.07% | 22.42% | -5.72% | 8.77% |
MUB iShares National AMT-Free Muni Bond ETF | 0.04% | 3.78% | 1.26% | 5.56% | -7.34% | 1.02% | 5.12% | 7.06% | 0.93% | 4.72% |
Returns By Period
In the year-to-date period, NEA achieves a -0.17% return, which is significantly lower than MUB's 0.04% return. Over the past 10 years, NEA has outperformed MUB with an annualized return of 3.17%, while MUB has yielded a comparatively lower 2.00% annualized 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%
MUB
- 1D
- 0.42%
- 1M
- -1.55%
- YTD
- 0.04%
- 6M
- 1.52%
- 1Y
- 4.03%
- 3Y*
- 2.67%
- 5Y*
- 0.88%
- 10Y*
- 2.00%
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Return for Risk
NEA vs. MUB — Risk / Return Rank
NEA
MUB
NEA vs. MUB - Risk-Adjusted Trends 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.
| NEA | MUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.98 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.27 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.33 | -0.17 |
Martin ratioReturn relative to average drawdown | 4.81 | 4.22 | +0.59 |
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 | MUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.98 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.22 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.41 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.58 | -0.26 |
Correlation
The correlation between NEA and MUB is 0.36, 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. MUB - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.37%, more than MUB's 3.19% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
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.
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Drawdown Indicators
| NEA | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -13.68% | -30.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.30% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -11.88% | -24.69% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -13.68% | -22.89% |
Current DrawdownCurrent decline from peak | -7.17% | -1.87% | -5.30% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -2.24% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.04% | +0.99% |
Volatility
NEA vs. MUB - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 5.19% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.56%. 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.
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Volatility by Period
| NEA | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 1.56% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 2.07% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 4.15% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 4.04% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 4.91% | +6.77% |