NEA vs. VTEB
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Vanguard Tax-Exempt Bond ETF (VTEB).
VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or VTEB.
Correlation
The correlation between NEA and VTEB is 0.01, 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. VTEB - Performance Comparison
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Key characteristics
NEA:
0.54
VTEB:
0.11
NEA:
0.79
VTEB:
0.14
NEA:
1.11
VTEB:
1.02
NEA:
0.24
VTEB:
0.09
NEA:
1.78
VTEB:
0.26
NEA:
3.21%
VTEB:
1.60%
NEA:
10.61%
VTEB:
4.77%
NEA:
-43.83%
VTEB:
-17.00%
NEA:
-17.73%
VTEB:
-3.30%
Returns By Period
In the year-to-date period, NEA achieves a -1.52% return, which is significantly higher than VTEB's -1.73% return.
NEA
-1.52%
2.49%
-3.80%
5.71%
3.49%
0.60%
3.12%
VTEB
-1.73%
1.05%
-2.09%
0.51%
2.37%
0.50%
N/A
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Risk-Adjusted Performance
NEA vs. VTEB — Risk-Adjusted Performance Rank
NEA
VTEB
NEA vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Vanguard Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 8.15%, more than VTEB's 3.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 8.15% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.28% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
NEA vs. VTEB - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for NEA and VTEB. For additional features, visit the drawdowns tool.
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Volatility
NEA vs. VTEB - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 2.42% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.18%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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