NPSRX vs. FLAAX
Compare and contrast key facts about Nuveen Preferred Securities & Income Fund (NPSRX) and Nuveen All-American Municipal Bond Fund (FLAAX).
NPSRX is managed by Nuveen. It was launched on Dec 18, 2006. FLAAX is managed by Nuveen. It was launched on Oct 2, 1988.
Performance
NPSRX vs. FLAAX - Performance Comparison
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NPSRX vs. FLAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | -1.95% | 11.19% | 9.12% | 6.19% | -9.50% | 5.43% | 5.53% | 17.68% | -5.65% | 11.27% |
FLAAX Nuveen All-American Municipal Bond Fund | -0.81% | 2.78% | 2.58% | 6.52% | -16.29% | 3.89% | 5.64% | 9.03% | 0.50% | 8.03% |
Returns By Period
In the year-to-date period, NPSRX achieves a -1.95% return, which is significantly lower than FLAAX's -0.81% return. Over the past 10 years, NPSRX has outperformed FLAAX with an annualized return of 5.22%, while FLAAX has yielded a comparatively lower 1.77% annualized return.
NPSRX
- 1D
- -0.13%
- 1M
- -3.30%
- YTD
- -1.95%
- 6M
- 0.47%
- 1Y
- 6.96%
- 3Y*
- 9.61%
- 5Y*
- 3.48%
- 10Y*
- 5.22%
FLAAX
- 1D
- 0.20%
- 1M
- -2.87%
- YTD
- -0.81%
- 6M
- 0.56%
- 1Y
- 2.33%
- 3Y*
- 2.78%
- 5Y*
- -0.65%
- 10Y*
- 1.77%
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NPSRX vs. FLAAX - Expense Ratio Comparison
NPSRX has a 0.74% expense ratio, which is higher than FLAAX's 0.66% expense ratio.
Return for Risk
NPSRX vs. FLAAX — Risk / Return Rank
NPSRX
FLAAX
NPSRX vs. FLAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred Securities & Income Fund (NPSRX) and Nuveen All-American Municipal Bond Fund (FLAAX). 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.
| NPSRX | FLAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 0.56 | +1.48 |
Sortino ratioReturn per unit of downside risk | 2.78 | 0.77 | +2.01 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.15 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.56 | +1.52 |
Martin ratioReturn relative to average drawdown | 8.55 | 1.61 | +6.94 |
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
| NPSRX | FLAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 0.56 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.14 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.38 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.92 | -0.43 |
Correlation
The correlation between NPSRX and FLAAX is 0.26, 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
NPSRX vs. FLAAX - Dividend Comparison
NPSRX's dividend yield for the trailing twelve months is around 5.45%, more than FLAAX's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | 5.45% | 5.72% | 5.38% | 5.87% | 6.18% | 4.97% | 5.02% | 5.39% | 6.00% | 5.51% | 5.81% | 6.20% |
FLAAX Nuveen All-American Municipal Bond Fund | 3.94% | 4.21% | 3.85% | 3.55% | 3.39% | 2.83% | 3.07% | 3.69% | 3.72% | 3.65% | 3.79% | 3.84% |
Drawdowns
NPSRX vs. FLAAX - Drawdown Comparison
The maximum NPSRX drawdown since its inception was -62.52%, which is greater than FLAAX's maximum drawdown of -21.01%. Use the drawdown chart below to compare losses from any high point for NPSRX and FLAAX.
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Drawdown Indicators
| NPSRX | FLAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -21.01% | -41.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -4.96% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -21.01% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | -21.01% | -5.46% |
Current DrawdownCurrent decline from peak | -3.30% | -7.12% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -2.73% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.73% | -0.89% |
Volatility
NPSRX vs. FLAAX - Volatility Comparison
Nuveen Preferred Securities & Income Fund (NPSRX) has a higher volatility of 1.24% compared to Nuveen All-American Municipal Bond Fund (FLAAX) at 1.17%. This indicates that NPSRX's price experiences larger fluctuations and is considered to be riskier than FLAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPSRX | FLAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.17% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 1.84% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 4.99% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 4.52% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 4.64% | +1.67% |