NJR vs. NVG
NJR (New Jersey Resources Corporation) and NVG (Nuveen AMT-Free Municipal Credit Income Fund) are both stocks. NJR operates in Utilities - Regulated Gas (Utilities), while NVG operates in Asset Management (Financial Services). Over the past 10 years, NJR returned 7.95%/yr vs 3.36%/yr for NVG. At a 0.11 correlation, their price movements are largely independent.
Performance
NJR vs. NVG - Performance Comparison
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Returns By Period
In the year-to-date period, NJR achieves a 28.79% return, which is significantly higher than NVG's 4.67% return. Over the past 10 years, NJR has outperformed NVG with an annualized return of 7.95%, while NVG has yielded a comparatively lower 3.36% annualized return.
NJR
- 1D
- 0.85%
- 1M
- 5.95%
- 6M
- 27.82%
- YTD
- 28.79%
- 1Y
- 32.59%
- 3Y*
- 12.40%
- 5Y*
- 11.78%
- 10Y*
- 7.95%
NVG
- 1D
- -0.39%
- 1M
- 1.50%
- 6M
- 3.93%
- YTD
- 4.67%
- 1Y
- 15.55%
- 3Y*
- 10.72%
- 5Y*
- -0.52%
- 10Y*
- 3.36%
NJR vs. NVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NJR New Jersey Resources Corporation | 28.79% | 2.91% | 8.72% | -6.94% | 24.93% | 19.60% | -16.86% | 0.13% | 16.57% | 16.18% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 4.67% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
Correlation
The correlation between NJR and NVG is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2002 | 0.11 |
The correlation between NJR and NVG shifts across timeframes, from 0.08 (1 year) to 0.20 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NJR:
$5.89B
NVG:
$2.76B
NJR:
$3.37
NVG:
$1.09
NJR:
17.31
NVG:
11.69
NJR:
0.46
NVG:
0.02
NJR:
2.67
NVG:
5.99
NJR:
$2.21B
NVG:
$457.21M
NJR:
$613.25M
NVG:
$400.60M
NJR:
$743.74M
NVG:
$440.83M
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Return for Risk
NJR vs. NVG — Risk / Return Rank
NJR
NVG
NJR vs. NVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Jersey Resources Corporation (NJR) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NJR | NVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.44 | +2.24 |
| Martin ratioReturn relative to average drawdown | 9.73 | 4.58 | +5.15 |
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Drawdowns
NJR vs. NVG - Drawdown Comparison
The maximum NJR drawdown since its inception was -50.72%, which is greater than NVG's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for NJR and NVG.
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Drawdown Indicators
| NJR | NVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.72% | -41.72% | -9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -10.44% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.86% | -17.22% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -27.79% | -40.58% | +12.79% |
Max Drawdown (10Y)Largest decline over 10 years | -50.72% | -40.58% | -10.14% |
Current DrawdownCurrent decline from peak | 0.00% | -5.63% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -7.91% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.30% | -0.03% |
Volatility
NJR vs. NVG - Volatility Comparison
New Jersey Resources Corporation (NJR) has a higher volatility of 6.05% compared to Nuveen AMT-Free Municipal Credit Income Fund (NVG) at 1.99%. This indicates that NJR's price experiences larger fluctuations and is considered to be riskier than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NJR | NVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 1.99% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 8.89% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 10.57% | +7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 13.08% | +7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.07% | 12.90% | +15.17% |
Dividends
NJR vs. NVG - Dividend Comparison
NJR's dividend yield for the trailing twelve months is around 3.26%, less than NVG's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJR New Jersey Resources Corporation | 3.26% | 4.01% | 3.73% | 3.63% | 3.03% | 3.39% | 3.63% | 2.71% | 2.47% | 2.62% | 2.79% | 2.82% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.42% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
Financials
NJR vs. NVG - Financials Comparison
This section allows you to compare key financial metrics between New Jersey Resources Corporation and Nuveen AMT-Free Municipal Credit Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NJR vs. NVG - Profitability Comparison
NJR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, New Jersey Resources Corporation reported a gross profit of 301.03M and revenue of 939.40M. Therefore, the gross margin over that period was 32.0%.
NVG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Nuveen AMT-Free Municipal Credit Income Fund reported a gross profit of 100.36M and revenue of 114.86M. Therefore, the gross margin over that period was 87.4%.
NJR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, New Jersey Resources Corporation reported an operating income of 301.03M and revenue of 939.40M, resulting in an operating margin of 32.0%.
NVG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Nuveen AMT-Free Municipal Credit Income Fund reported an operating income of 67.53M and revenue of 114.86M, resulting in an operating margin of 58.8%.
NJR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, New Jersey Resources Corporation reported a net income of 218.91M and revenue of 939.40M, resulting in a net margin of 23.3%.
NVG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Nuveen AMT-Free Municipal Credit Income Fund reported a net income of 35.82M and revenue of 114.86M, resulting in a net margin of 31.2%.
Frequently Asked Questions
NJR and NVG have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NJR has higher volatility (6.05%) compared to NVG (1.99%). In terms of maximum drawdown, NJR dropped -50.72% vs NVG's -41.72%.
NJR currently has the higher Sharpe Ratio (1.81 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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