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.
Key characteristics
| NEA | VTEB | |
|---|---|---|
| YTD Return | 10.62% | 1.60% |
| 1Y Return | 22.55% | 7.56% |
| 3Y Return (Ann) | -4.46% | -0.17% |
| 5Y Return (Ann) | 0.84% | 1.30% |
| Sharpe Ratio | 2.22 | 1.80 |
| Sortino Ratio | 3.22 | 2.67 |
| Omega Ratio | 1.42 | 1.36 |
| Calmar Ratio | 0.66 | 0.88 |
| Martin Ratio | 13.42 | 7.97 |
| Ulcer Index | 1.53% | 0.90% |
| Daily Std Dev | 9.23% | 3.98% |
| Max Drawdown | -43.85% | -17.00% |
| Current Drawdown | -15.61% | -1.20% |
Correlation
The correlation between NEA and VTEB is 0.48, 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. VTEB - Performance Comparison
In the year-to-date period, NEA achieves a 10.62% return, which is significantly higher than VTEB's 1.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
NEA vs. VTEB - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 5.95%, more than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 5.95% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% | 6.80% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
NEA vs. VTEB - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.85%, 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.
Volatility
NEA vs. VTEB - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 3.53% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.96%. 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.