NEA vs. NAD
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Nuveen Quality Municipal Income Fund (NAD).
Performance
NEA vs. NAD - Performance Comparison
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NEA vs. NAD - 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% |
NAD Nuveen Quality Municipal Income Fund | -0.52% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
Fundamentals
NEA:
$3.41B
NAD:
$2.74B
NEA:
$2.18
NAD:
$2.47
NEA:
5.22
NAD:
4.76
NEA:
0.02
NAD:
0.02
NEA:
4.14
NAD:
6.68
NEA:
0.97
NAD:
0.96
NEA:
$824.80M
NAD:
$410.48M
NEA:
$779.17M
NAD:
$385.55M
NEA:
$732.48M
NAD:
$744.52M
Returns By Period
In the year-to-date period, NEA achieves a -0.17% return, which is significantly higher than NAD's -0.52% return. Both investments have delivered pretty close results over the past 10 years, with NEA having a 3.17% annualized return and NAD not far behind at 3.12%.
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%
NAD
- 1D
- 2.17%
- 1M
- -3.91%
- YTD
- -0.52%
- 6M
- 3.49%
- 1Y
- 9.44%
- 3Y*
- 7.29%
- 5Y*
- 0.63%
- 10Y*
- 3.12%
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Return for Risk
NEA vs. NAD — Risk / Return Rank
NEA
NAD
NEA vs. NAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Nuveen Quality Municipal Income Fund (NAD). 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 | NAD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.83 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.17 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.23 | -0.07 |
Martin ratioReturn relative to average drawdown | 4.81 | 5.17 | -0.35 |
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 | NAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.83 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.06 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.26 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.38 | -0.07 |
Correlation
The correlation between NEA and NAD is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NEA vs. NAD - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.37%, which matches NAD's 7.41% 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% |
NAD Nuveen Quality Municipal Income Fund | 7.41% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
Drawdowns
NEA vs. NAD - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, roughly equal to the maximum NAD drawdown of -44.65%. Use the drawdown chart below to compare losses from any high point for NEA and NAD.
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Drawdown Indicators
| NEA | NAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -44.65% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -8.08% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -35.58% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -35.58% | -0.99% |
Current DrawdownCurrent decline from peak | -7.17% | -6.45% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -7.84% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.92% | +0.11% |
Volatility
NEA vs. NAD - Volatility Comparison
The current volatility for Nuveen AMT-Free Quality Municipal Income Fund (NEA) is 5.19%, while Nuveen Quality Municipal Income Fund (NAD) has a volatility of 6.48%. This indicates that NEA experiences smaller price fluctuations and is considered to be less risky than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEA | NAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 6.48% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 8.26% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 11.49% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 11.35% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 11.85% | -0.17% |
Financials
NEA vs. NAD - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Quality Municipal Income Fund and Nuveen Quality Municipal Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities