NOM vs. DFABX

Last updated Jun 4, 2026

NOM (Nuveen Missouri Quality Municipal Income Fund) and DFABX (DFA Short-Term Selective State Municipal Bond Portfolio) are both Municipal Bonds funds. At a 0.19 correlation, their price movements are largely independent.

Performance

NOM vs. DFABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Missouri Quality Municipal Income Fund (NOM) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NOM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFABX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.98%
• 6M: 1.10%
• 1Y: 2.66%
• 3Y*: 2.82%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOM vs. DFABX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NOM Nuveen Missouri Quality Municipal Income Fund	-5.66%	6.89%	27.11%	-0.84%	-19.79%
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	0.98%	2.46%	2.90%	2.87%	0.55%

Correlation

The correlation between NOM and DFABX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 18, 2022	0.19

Return for Risk

NOM vs. DFABX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFABX

DFABX Risk / Return Rank: 100
DFABX Sharpe Ratio Rank: 99
DFABX Sortino Ratio Rank: 100
DFABX Omega Ratio Rank: 100
DFABX Calmar Ratio Rank: 100
DFABX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOM vs. DFABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Missouri Quality Municipal Income Fund (NOM) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NOM	DFABX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.48	—

Drawdowns

Drawdown Indicators

	NOM	DFABX	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.60%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.24%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	NOM	DFABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.56%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.96%	—

Dividends

NOM vs. DFABX - Dividend Comparison

NOM's dividend yield for the trailing twelve months is around 6.28%, more than DFABX's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	2.63%	2.33%	2.86%	2.52%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOM Nuveen Missouri Quality Municipal Income Fund	6.28%	6.58%	5.45%	3.17%	4.45%	3.60%	3.43%	3.60%	4.82%	4.74%	4.51%	4.76%

Frequently Asked Questions

Can I hold both NOM and DFABX in my portfolio?

NOM and DFABX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.