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 0.62, 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.
Performance
NEA vs. SCMB - Performance Comparison
Key characteristics
NEA:
1.48
SCMB:
1.01
NEA:
2.04
SCMB:
1.39
NEA:
1.27
SCMB:
1.19
NEA:
0.49
SCMB:
1.53
NEA:
5.44
SCMB:
3.84
NEA:
2.24%
SCMB:
1.03%
NEA:
8.26%
SCMB:
3.92%
NEA:
-43.83%
SCMB:
-5.36%
NEA:
-13.66%
SCMB:
-1.05%
Returns By Period
In the year-to-date period, NEA achieves a 3.36% return, which is significantly higher than SCMB's 0.55% return.
NEA
3.36%
2.14%
3.22%
12.30%
0.01%
3.48%
SCMB
0.55%
0.86%
1.27%
3.77%
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 7.02%, more than SCMB's 4.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.02% | 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 | 4.47% | 4.73% | 4.66% | 0.96% | 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 -5.36%. 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 2.05% compared to Schwab Municipal Bond ETF (SCMB) at 1.10%. 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.