NRK vs. COLTX
NRK (Nuveen New York AMT Free Quality Municipal Income) and COLTX (Columbia Tax-Exempt Fund) are both Municipal Bonds funds. Over the past 10 years, NRK returned 1.79%/yr vs 1.67%/yr for COLTX. Their 0.27 correlation means their historical movements had little consistent relationship. NRK charges 2.16%/yr vs 0.73%/yr for COLTX.
Performance
NRK vs. COLTX - Performance Comparison
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Returns By Period
In the year-to-date period, NRK achieves a 6.63% return, which is significantly higher than COLTX's 0.64% return. Over the past 10 years, NRK has outperformed COLTX with an annualized return of 1.79%, while COLTX has yielded a comparatively lower 1.67% annualized return.
NRK
- 1D
- -0.48%
- 1M
- -3.52%
- 6M
- 5.08%
- YTD
- 6.63%
- 1Y
- 17.93%
- 3Y*
- 7.61%
- 5Y*
- -0.75%
- 10Y*
- 1.79%
- ALL TIME*
- 3.97%
COLTX
- 1D
- -0.17%
- 1M
- -2.53%
- 6M
- -0.02%
- YTD
- 0.64%
- 1Y
- 6.38%
- 3Y*
- 3.70%
- 5Y*
- 0.09%
- 10Y*
- 1.67%
- ALL TIME*
- 5.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.61M | $2.37M | $2.70M |
NRK vs. COLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 6.63% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
COLTX Columbia Tax-Exempt Fund | 0.64% | 3.86% | 3.47% | 6.60% | -12.56% | 3.01% | 3.37% | 8.15% | 0.19% | 6.15% |
Correlation
The correlation between NRK and COLTX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2003 | 0.27 |
The correlation between NRK and COLTX shifts across timeframes, from 0.27 (all time) to 0.53 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NRK vs. COLTX — Risk / Return Rank
NRK
COLTX
NRK vs. COLTX - 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 Columbia Tax-Exempt Fund (COLTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NRK | COLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 2.25 | +1.14 |
| Martin ratioReturn relative to average drawdown | 12.14 | 7.78 | +4.36 |
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Drawdowns
NRK vs. COLTX - Drawdown Comparison
The maximum NRK drawdown since its inception was -40.18%, which is greater than COLTX's maximum drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for NRK and COLTX.
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Drawdown Indicators
| NRK | COLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.18% | -18.07% | -22.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.32% | -3.11% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -7.03% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -31.06% | -18.07% | -12.99% |
Max Drawdown (10Y)Largest decline over 10 years | -31.06% | -18.07% | -12.99% |
Current DrawdownCurrent decline from peak | -3.97% | -2.53% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -2.62% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.90% | +0.58% |
Volatility
NRK vs. COLTX - Volatility Comparison
Nuveen New York AMT Free Quality Municipal Income (NRK) has a higher volatility of 2.24% compared to Columbia Tax-Exempt Fund (COLTX) at 1.17%. This indicates that NRK's price experiences larger fluctuations and is considered to be riskier than COLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRK | COLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.17% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 2.79% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 3.58% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.99% | 5.26% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 4.99% | +5.35% |
NRK vs. COLTX - Expense Ratio Comparison
NRK has a 2.16% expense ratio, which is higher than COLTX's 0.73% expense ratio.
Dividends
NRK vs. COLTX - Dividend Comparison
NRK's dividend yield for the trailing twelve months is around 7.99%, more than COLTX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLTX Columbia Tax-Exempt Fund | 3.51% | 4.91% | 3.66% | 3.15% | 3.05% | 3.20% | 3.27% | 4.60% | 3.80% | 3.86% | 4.15% | 4.13% |
NRK Nuveen New York AMT Free Quality Municipal Income | 7.99% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
Frequently Asked Questions
NRK and COLTX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRK has higher volatility (2.24%) compared to COLTX (1.17%). In terms of maximum drawdown, NRK dropped -40.18% vs COLTX's -18.07%.
NRK currently has the higher Sharpe Ratio (2.12 vs 1.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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