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 Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEA or VYM.
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.
Performance
NEA vs. VYM - Performance Comparison
Key characteristics
NEA:
1.71
VYM:
2.08
NEA:
2.35
VYM:
2.94
NEA:
1.31
VYM:
1.37
NEA:
0.56
VYM:
3.81
NEA:
6.32
VYM:
10.96
NEA:
2.24%
VYM:
2.08%
NEA:
8.29%
VYM:
10.94%
NEA:
-43.83%
VYM:
-56.98%
NEA:
-13.28%
VYM:
-0.13%
Returns By Period
In the year-to-date period, NEA achieves a 3.81% return, which is significantly lower than VYM's 4.84% return. Over the past 10 years, NEA has underperformed VYM with an annualized return of 3.76%, while VYM has yielded a comparatively higher 10.10% annualized return.
NEA
3.81%
3.87%
3.49%
12.38%
0.24%
3.76%
VYM
4.84%
2.99%
9.68%
20.49%
10.70%
10.10%
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Risk-Adjusted Performance
NEA vs. VYM — Risk-Adjusted Performance Rank
NEA
VYM
NEA vs. VYM - 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 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.
Dividends
NEA vs. VYM - Dividend Comparison
NEA's dividend yield for the trailing twelve months is around 6.99%, more than VYM's 2.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEA Nuveen AMT-Free Quality Municipal Income Fund | 6.99% | 6.63% | 3.95% | 5.49% | 4.50% | 4.45% | 4.46% | 5.40% | 5.33% | 5.70% | 5.71% | 5.95% |
VYM Vanguard High Dividend Yield ETF | 2.61% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% |
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. For additional features, visit the drawdowns tool.
Volatility
NEA vs. VYM - Volatility Comparison
The current volatility for Nuveen AMT-Free Quality Municipal Income Fund (NEA) is 2.12%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 2.65%. This indicates that NEA experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.