Correlation
The correlation between NPFI and SPY is 0.54, 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.
NPFI vs. SPY
Compare and contrast key facts about Nuveen Preferred And Income ETF (NPFI) and SPDR S&P 500 ETF (SPY).
NPFI and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NPFI is an actively managed fund by Nuveen. It was launched on Mar 5, 2024. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NPFI or SPY.
Performance
NPFI vs. SPY - Performance Comparison
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Key characteristics
NPFI:
2.51
SPY:
0.70
NPFI:
3.41
SPY:
1.02
NPFI:
1.54
SPY:
1.15
NPFI:
2.51
SPY:
0.68
NPFI:
11.15
SPY:
2.57
NPFI:
0.66%
SPY:
4.93%
NPFI:
3.04%
SPY:
20.42%
NPFI:
-2.94%
SPY:
-55.19%
NPFI:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NPFI achieves a 2.62% return, which is significantly higher than SPY's 0.87% return.
NPFI
2.62%
1.82%
2.46%
7.57%
N/A
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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NPFI vs. SPY - Expense Ratio Comparison
NPFI has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NPFI vs. SPY — Risk-Adjusted Performance Rank
NPFI
SPY
NPFI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred And Income ETF (NPFI) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
NPFI vs. SPY - Dividend Comparison
NPFI's dividend yield for the trailing twelve months is around 5.84%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPFI Nuveen Preferred And Income ETF | 5.84% | 4.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NPFI vs. SPY - Drawdown Comparison
The maximum NPFI drawdown since its inception was -2.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NPFI and SPY.
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Volatility
NPFI vs. SPY - Volatility Comparison
The current volatility for Nuveen Preferred And Income ETF (NPFI) is 0.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that NPFI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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