NEA vs. NVG
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or NVG.
Correlation
The correlation between NEA and NVG is 0.13, 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. NVG - Performance Comparison
Key characteristics
NEA:
0.84
NVG:
0.73
NEA:
1.19
NVG:
1.02
NEA:
1.18
NVG:
1.14
NEA:
0.35
NVG:
0.33
NEA:
3.04
NVG:
2.08
NEA:
2.91%
NVG:
4.30%
NEA:
10.54%
NVG:
12.17%
NEA:
-43.83%
NVG:
-41.68%
NEA:
-17.90%
NVG:
-20.20%
Fundamentals
Returns By Period
In the year-to-date period, NEA achieves a -1.72% return, which is significantly lower than NVG's -1.32% return. Over the past 10 years, NEA has underperformed NVG with an annualized return of 2.67%, while NVG has yielded a comparatively higher 3.70% annualized return.
NEA
-1.72%
-2.65%
-3.14%
9.58%
1.48%
2.67%
NVG
-1.32%
-2.54%
-3.19%
9.97%
2.16%
3.70%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NEA vs. NVG — Risk-Adjusted Performance Rank
NEA
NVG
NEA vs. NVG - 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 AMT-Free Municipal Credit Income Fund (NVG). 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. NVG - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.90%, which matches NVG's 7.86% 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% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.86% | 6.76% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% |
Drawdowns
NEA vs. NVG - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, which is greater than NVG's maximum drawdown of -41.68%. Use the drawdown chart below to compare losses from any high point for NEA and NVG. For additional features, visit the drawdowns tool.
Volatility
NEA vs. NVG - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Nuveen AMT-Free Municipal Credit Income Fund (NVG) have volatilities of 7.18% and 7.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NEA vs. NVG - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Quality Municipal Income Fund and Nuveen AMT-Free Municipal Credit 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