NEA vs. NAD
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Nuveen Quality Municipal Income Fund (NAD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or NAD.
Correlation
The correlation between NEA and NAD is 0.14, 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. NAD - Performance Comparison
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Key characteristics
NEA:
0.68
NAD:
0.80
NEA:
0.99
NAD:
1.11
NEA:
1.15
NAD:
1.15
NEA:
0.30
NAD:
0.35
NEA:
2.30
NAD:
2.50
NEA:
3.17%
NAD:
3.23%
NEA:
10.55%
NAD:
10.23%
NEA:
-43.83%
NAD:
-44.87%
NEA:
-16.66%
NAD:
-15.52%
Fundamentals
Returns By Period
In the year-to-date period, NEA achieves a -0.24% return, which is significantly lower than NAD's -0.02% return. Both investments have delivered pretty close results over the past 10 years, with NEA having a 3.25% annualized return and NAD not far behind at 3.18%.
NEA
-0.24%
2.46%
-1.87%
7.09%
3.93%
1.11%
3.25%
NAD
-0.02%
1.85%
-1.84%
8.07%
3.56%
1.87%
3.18%
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Risk-Adjusted Performance
NEA vs. NAD — Risk-Adjusted Performance Rank
NEA
NAD
NEA vs. NAD - Risk-Adjusted Performance 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.
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Dividends
NEA vs. NAD - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 8.04%, which matches NAD's 8.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 8.04% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% |
NAD Nuveen Quality Municipal Income Fund | 8.03% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% | 6.20% |
Drawdowns
NEA vs. NAD - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, roughly equal to the maximum NAD drawdown of -44.87%. Use the drawdown chart below to compare losses from any high point for NEA and NAD. For additional features, visit the drawdowns tool.
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Volatility
NEA vs. NAD - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 2.47% compared to Nuveen Quality Municipal Income Fund (NAD) at 2.21%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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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