NEA vs. SCMB
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Schwab Municipal Bond ETF (SCMB).
SCMB is a passively managed fund by Schwab that tracks the performance of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. It was launched on Oct 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or SCMB.
Correlation
The correlation between NEA and SCMB 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. SCMB - Performance Comparison
Key characteristics
NEA:
0.84
SCMB:
0.37
NEA:
1.19
SCMB:
0.51
NEA:
1.18
SCMB:
1.08
NEA:
0.35
SCMB:
0.39
NEA:
3.04
SCMB:
1.33
NEA:
2.91%
SCMB:
1.37%
NEA:
10.54%
SCMB:
4.89%
NEA:
-43.83%
SCMB:
-5.11%
NEA:
-17.90%
SCMB:
-2.96%
Returns By Period
In the year-to-date period, NEA achieves a -1.72% return, which is significantly lower than SCMB's -1.39% return.
NEA
-1.72%
-2.65%
-3.14%
9.58%
1.48%
2.67%
SCMB
-1.39%
-0.52%
-1.06%
2.17%
N/A
N/A
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Risk-Adjusted Performance
NEA vs. SCMB — Risk-Adjusted Performance Rank
NEA
SCMB
NEA vs. SCMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Schwab Municipal Bond ETF (SCMB). 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. SCMB - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.90%, more than SCMB's 3.42% 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% |
SCMB Schwab Municipal Bond ETF | 3.42% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEA vs. SCMB - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, which is greater than SCMB's maximum drawdown of -5.11%. Use the drawdown chart below to compare losses from any high point for NEA and SCMB. For additional features, visit the drawdowns tool.
Volatility
NEA vs. SCMB - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 7.18% compared to Schwab Municipal Bond ETF (SCMB) at 3.14%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.