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 0.35, 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. MUB - Performance Comparison
Key characteristics
NEA:
1.58
MUB:
0.55
NEA:
2.18
MUB:
0.78
NEA:
1.29
MUB:
1.10
NEA:
0.52
MUB:
0.45
NEA:
5.87
MUB:
2.01
NEA:
2.23%
MUB:
1.03%
NEA:
8.31%
MUB:
3.75%
NEA:
-43.83%
MUB:
-13.68%
NEA:
-13.61%
MUB:
-1.31%
Returns By Period
In the year-to-date period, NEA achieves a 3.42% return, which is significantly higher than MUB's 0.29% return. Over the past 10 years, NEA has outperformed MUB with an annualized return of 3.49%, while MUB has yielded a comparatively lower 2.08% annualized return.
NEA
3.42%
3.60%
3.13%
12.90%
0.13%
3.49%
MUB
0.29%
1.15%
0.27%
1.83%
0.76%
2.08%
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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 6.71%, more than MUB's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 6.71% | 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 | 3.02% | 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 1.91% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.09%. 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.