NQP vs. DFSMX
Compare and contrast key facts about Nuveen Pennsylvania Quality Municipal Income (NQP) and DFA Short Term Municipal Bond Portfolio (DFSMX).
NQP is an actively managed fund by Nuveen. It was launched on Feb 21, 1991. DFSMX is managed by Dimensional. It was launched on Aug 19, 2002.
Performance
NQP vs. DFSMX - Performance Comparison
Loading graphics...
NQP vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NQP Nuveen Pennsylvania Quality Municipal Income | 2.31% | 15.46% | 2.70% | 7.44% | -21.95% | 7.75% | 7.08% | 21.21% | -2.28% | 5.96% |
DFSMX DFA Short Term Municipal Bond Portfolio | 0.55% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 1.22% | 1.15% |
Returns By Period
In the year-to-date period, NQP achieves a 2.31% return, which is significantly higher than DFSMX's 0.55% return. Over the past 10 years, NQP has outperformed DFSMX with an annualized return of 3.35%, while DFSMX has yielded a comparatively lower 1.23% annualized return.
NQP
- 1D
- 3.20%
- 1M
- -0.18%
- YTD
- 2.31%
- 6M
- 3.36%
- 1Y
- 15.31%
- 3Y*
- 8.00%
- 5Y*
- 1.69%
- 10Y*
- 3.35%
DFSMX
- 1D
- 0.04%
- 1M
- -0.05%
- YTD
- 0.55%
- 6M
- 1.10%
- 1Y
- 2.45%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- 1.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NQP vs. DFSMX - Expense Ratio Comparison
NQP has a 1.27% expense ratio, which is higher than DFSMX's 0.20% expense ratio.
Return for Risk
NQP vs. DFSMX — Risk / Return Rank
NQP
DFSMX
NQP vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Pennsylvania Quality Municipal Income (NQP) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| NQP | DFSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 3.68 | -2.01 |
Sortino ratioReturn per unit of downside risk | 2.52 | 6.50 | -3.98 |
Omega ratioGain probability vs. loss probability | 1.35 | 3.20 | -1.85 |
Calmar ratioReturn relative to maximum drawdown | 3.53 | 4.59 | -1.06 |
Martin ratioReturn relative to average drawdown | 9.67 | 21.83 | -12.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NQP | DFSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 3.68 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 2.11 | -1.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 1.60 | -1.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.78 | -1.37 |
Correlation
The correlation between NQP and DFSMX is 0.15, 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
NQP vs. DFSMX - Dividend Comparison
NQP's dividend yield for the trailing twelve months is around 7.85%, more than DFSMX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NQP Nuveen Pennsylvania Quality Municipal Income | 7.85% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
DFSMX DFA Short Term Municipal Bond Portfolio | 2.43% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
Drawdowns
NQP vs. DFSMX - Drawdown Comparison
The maximum NQP drawdown since its inception was -41.87%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for NQP and DFSMX.
Loading graphics...
Drawdown Indicators
| NQP | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -2.66% | -39.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -0.39% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -1.67% | -30.74% |
Max Drawdown (10Y)Largest decline over 10 years | -32.41% | -1.69% | -30.72% |
Current DrawdownCurrent decline from peak | -1.52% | -0.06% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -0.24% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.10% | +1.59% |
Volatility
NQP vs. DFSMX - Volatility Comparison
Nuveen Pennsylvania Quality Municipal Income (NQP) has a higher volatility of 4.14% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.11%. This indicates that NQP's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NQP | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 0.11% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 0.37% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 0.68% | +8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.80% | 0.78% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 0.77% | +10.08% |