NPV vs. NMTRX
Compare and contrast key facts about Nuveen Virginia Quality Municipal Income Fund (NPV) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
NPV is an actively managed fund by Nuveen. It was launched on Mar 18, 1993. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
NPV vs. NMTRX - Performance Comparison
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NPV vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NPV Nuveen Virginia Quality Municipal Income Fund | 4.94% | -5.91% | 24.61% | 0.42% | -31.53% | 10.93% | 13.15% | 29.60% | -4.42% | 3.20% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, NPV achieves a 4.94% return, which is significantly higher than NMTRX's -0.12% return. Over the past 10 years, NPV has outperformed NMTRX with an annualized return of 2.48%, while NMTRX has yielded a comparatively lower 2.27% annualized return.
NPV
- 1D
- 0.79%
- 1M
- -2.26%
- YTD
- 4.94%
- 6M
- 1.80%
- 1Y
- 2.60%
- 3Y*
- 6.22%
- 5Y*
- -1.65%
- 10Y*
- 2.48%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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NPV vs. NMTRX - Expense Ratio Comparison
NPV has a 1.51% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
NPV vs. NMTRX — Risk / Return Rank
NPV
NMTRX
NPV vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Virginia Quality Municipal Income Fund (NPV) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| NPV | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.84 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.44 | 1.16 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.99 | -0.68 |
Martin ratioReturn relative to average drawdown | 0.75 | 2.89 | -2.14 |
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
| NPV | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.84 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.10 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.52 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.97 | -0.68 |
Correlation
The correlation between NPV and NMTRX is 0.25, 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
NPV vs. NMTRX - Dividend Comparison
NPV's dividend yield for the trailing twelve months is around 7.14%, more than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPV Nuveen Virginia Quality Municipal Income Fund | 7.14% | 7.55% | 5.63% | 3.89% | 5.08% | 3.42% | 3.49% | 3.58% | 4.62% | 4.40% | 4.87% | 5.25% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
NPV vs. NMTRX - Drawdown Comparison
The maximum NPV drawdown since its inception was -44.25%, which is greater than NMTRX's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for NPV and NMTRX.
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Drawdown Indicators
| NPV | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.25% | -16.36% | -27.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -4.75% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -44.25% | -16.36% | -27.89% |
Max Drawdown (10Y)Largest decline over 10 years | -44.25% | -16.36% | -27.89% |
Current DrawdownCurrent decline from peak | -17.24% | -2.25% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -2.93% | -7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 1.62% | +2.15% |
Volatility
NPV vs. NMTRX - Volatility Comparison
Nuveen Virginia Quality Municipal Income Fund (NPV) has a higher volatility of 2.60% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 1.07%. This indicates that NPV's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPV | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 1.07% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 1.82% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 4.93% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 3.97% | +9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 4.38% | +8.81% |