NRK vs. CBTAX
Compare and contrast key facts about Nuveen New York AMT Free Quality Municipal Income (NRK) and Six Circles Tax Aware Bond Fund (CBTAX).
NRK is an actively managed fund by Nuveen. It was launched on Nov 21, 2002. CBTAX is managed by Six Circles. It was launched on May 18, 2020.
Performance
NRK vs. CBTAX - Performance Comparison
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NRK vs. CBTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 3.25% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 14.16% |
CBTAX Six Circles Tax Aware Bond Fund | -0.57% | 4.13% | 2.38% | 6.35% | -7.47% | 0.89% | 5.02% |
Returns By Period
In the year-to-date period, NRK achieves a 3.25% return, which is significantly higher than CBTAX's -0.57% return.
NRK
- 1D
- 2.10%
- 1M
- -2.11%
- YTD
- 3.25%
- 6M
- 4.24%
- 1Y
- 7.68%
- 3Y*
- 5.63%
- 5Y*
- -0.13%
- 10Y*
- 2.44%
CBTAX
- 1D
- -0.21%
- 1M
- -2.51%
- YTD
- -0.57%
- 6M
- 0.83%
- 1Y
- 3.71%
- 3Y*
- 3.21%
- 5Y*
- 1.15%
- 10Y*
- —
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NRK vs. CBTAX - Expense Ratio Comparison
NRK has a 2.16% expense ratio, which is higher than CBTAX's 0.14% expense ratio.
Return for Risk
NRK vs. CBTAX — Risk / Return Rank
NRK
CBTAX
NRK vs. CBTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York AMT Free Quality Municipal Income (NRK) and Six Circles Tax Aware Bond Fund (CBTAX). 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.
| NRK | CBTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.94 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.24 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.91 | +0.24 |
Martin ratioReturn relative to average drawdown | 2.63 | 3.31 | -0.68 |
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
| NRK | CBTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.94 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.34 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.54 | -0.26 |
Correlation
The correlation between NRK and CBTAX is 0.44, 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.
Dividends
NRK vs. CBTAX - Dividend Comparison
NRK's dividend yield for the trailing twelve months is around 8.11%, more than CBTAX's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 8.11% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
CBTAX Six Circles Tax Aware Bond Fund | 3.24% | 3.49% | 3.28% | 2.68% | 1.57% | 0.88% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NRK vs. CBTAX - Drawdown Comparison
The maximum NRK drawdown since its inception was -40.18%, which is greater than CBTAX's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for NRK and CBTAX.
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Drawdown Indicators
| NRK | CBTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.18% | -12.12% | -28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -4.30% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -31.06% | -12.12% | -18.94% |
Max Drawdown (10Y)Largest decline over 10 years | -31.06% | — | — |
Current DrawdownCurrent decline from peak | -6.83% | -2.51% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -2.82% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.19% | +2.14% |
Volatility
NRK vs. CBTAX - Volatility Comparison
Nuveen New York AMT Free Quality Municipal Income (NRK) has a higher volatility of 3.46% compared to Six Circles Tax Aware Bond Fund (CBTAX) at 0.89%. This indicates that NRK's price experiences larger fluctuations and is considered to be riskier than CBTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRK | CBTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 0.89% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 1.37% | +4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.54% | 4.23% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 3.38% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 3.18% | +7.10% |