NEA vs. VYM
Compare and contrast key facts about Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Vanguard High Dividend Yield ETF (VYM).
VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Feb 7, 2019.
Performance
NEA vs. VYM - Performance Comparison
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NEA vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | -0.17% | 11.31% | 9.50% | 0.75% | -23.32% | 8.16% | 10.07% | 22.42% | -5.72% | 8.77% |
VYM Vanguard High Dividend Yield ETF | 3.69% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
Returns By Period
In the year-to-date period, NEA achieves a -0.17% return, which is significantly lower than VYM's 3.69% return. Over the past 10 years, NEA has underperformed VYM with an annualized return of 3.17%, while VYM has yielded a comparatively higher 11.22% annualized return.
NEA
- 1D
- 1.60%
- 1M
- -3.55%
- YTD
- -0.17%
- 6M
- 3.40%
- 1Y
- 9.39%
- 3Y*
- 7.48%
- 5Y*
- 0.39%
- 10Y*
- 3.17%
VYM
- 1D
- -0.10%
- 1M
- -4.02%
- YTD
- 3.69%
- 6M
- 6.19%
- 1Y
- 17.89%
- 3Y*
- 15.17%
- 5Y*
- 11.02%
- 10Y*
- 11.22%
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Return for Risk
NEA vs. VYM — Risk / Return Rank
NEA
VYM
NEA vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Vanguard High Dividend Yield ETF (VYM). 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.
| NEA | VYM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.19 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.70 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.56 | -0.40 |
Martin ratioReturn relative to average drawdown | 4.81 | 6.86 | -2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEA | VYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.19 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.79 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.69 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.49 | -0.18 |
Correlation
The correlation between NEA and VYM 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.
Dividends
NEA vs. VYM - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 7.37%, more than VYM's 2.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 7.37% | 7.36% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% |
VYM Vanguard High Dividend Yield ETF | 2.37% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Drawdowns
NEA vs. VYM - Drawdown Comparison
The maximum NEA drawdown since its inception was -43.83%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for NEA and VYM.
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Drawdown Indicators
| NEA | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -56.98% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -11.32% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -15.84% | -20.73% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -35.21% | -1.36% |
Current DrawdownCurrent decline from peak | -7.17% | -4.91% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -7.25% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.57% | -0.54% |
Volatility
NEA vs. VYM - Volatility Comparison
Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a higher volatility of 5.19% compared to Vanguard High Dividend Yield ETF (VYM) at 3.60%. This indicates that NEA's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEA | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 3.60% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 7.96% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 15.14% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 13.97% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 16.33% | -4.65% |