NSBRX vs. NZF
NSBRX (Nuveen Dividend Growth Fund) and NZF (Nuveen Municipal Credit Income Fund) are both mutual funds - NSBRX is a Large Cap Blend Equities fund managed by Nuveen, while NZF is a Municipal Bonds fund tracking the S&P National Municipal Bond Index. Over the past 10 years, NSBRX returned 12.88%/yr vs 3.65%/yr for NZF. At a 0.17 correlation, their price movements are largely independent. NSBRX charges 0.67%/yr vs 1.89%/yr for NZF.
Performance
NSBRX vs. NZF - Performance Comparison
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Returns By Period
In the year-to-date period, NSBRX achieves a 1.69% return, which is significantly lower than NZF's 4.26% return. Over the past 10 years, NSBRX has outperformed NZF with an annualized return of 12.88%, while NZF has yielded a comparatively lower 3.65% annualized return.
NSBRX
- 1D
- -0.34%
- 1M
- -0.42%
- YTD
- 1.69%
- 6M
- 1.33%
- 1Y
- 9.08%
- 3Y*
- 13.22%
- 5Y*
- 9.39%
- 10Y*
- 12.88%
NZF
- 1D
- 0.00%
- 1M
- 3.08%
- YTD
- 4.26%
- 6M
- 4.92%
- 1Y
- 15.92%
- 3Y*
- 10.31%
- 5Y*
- 0.01%
- 10Y*
- 3.65%
NSBRX vs. NZF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSBRX Nuveen Dividend Growth Fund | 1.69% | 10.03% | 17.56% | 15.08% | -9.63% | 27.17% | 9.79% | 41.88% | -4.36% | 20.07% |
NZF Nuveen Municipal Credit Income Fund | 4.26% | 11.78% | 10.09% | 2.49% | -25.53% | 11.19% | 3.58% | 28.33% | -6.79% | 14.48% |
Correlation
The correlation between NSBRX and NZF is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2006 | 0.17 |
The correlation between NSBRX and NZF shifts across timeframes, from 0.17 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NSBRX vs. NZF — Risk / Return Rank
NSBRX
NZF
NSBRX vs. NZF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth Fund (NSBRX) and Nuveen Municipal Credit Income Fund (NZF). 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.
| NSBRX | NZF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.97 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.51 | 8.09 | -3.58 |
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Drawdowns
NSBRX vs. NZF - Drawdown Comparison
The maximum NSBRX drawdown since its inception was -45.14%, smaller than the maximum NZF drawdown of -48.55%. Use the drawdown chart below to compare losses from any high point for NSBRX and NZF.
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Drawdown Indicators
| NSBRX | NZF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -48.55% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -8.11% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -15.59% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.79% | -37.42% | +17.63% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -37.42% | +3.73% |
Current DrawdownCurrent decline from peak | -2.16% | -2.96% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -7.77% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.97% | +0.25% |
Volatility
NSBRX vs. NZF - Volatility Comparison
Nuveen Dividend Growth Fund (NSBRX) has a higher volatility of 3.09% compared to Nuveen Municipal Credit Income Fund (NZF) at 2.63%. This indicates that NSBRX's price experiences larger fluctuations and is considered to be riskier than NZF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSBRX | NZF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.63% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 8.33% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 10.48% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 12.40% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 13.12% | +3.49% |
NSBRX vs. NZF - Expense Ratio Comparison
NSBRX has a 0.67% expense ratio, which is lower than NZF's 1.89% expense ratio.
Dividends
NSBRX vs. NZF - Dividend Comparison
NSBRX's dividend yield for the trailing twelve months is around 11.88%, more than NZF's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSBRX Nuveen Dividend Growth Fund | 11.88% | 9.26% | 6.82% | 3.01% | 3.58% | 3.67% | 4.68% | 15.68% | 7.04% | 4.57% | 1.75% | 6.24% |
NZF Nuveen Municipal Credit Income Fund | 7.55% | 7.58% | 6.84% | 4.51% | 5.80% | 4.63% | 4.74% | 4.82% | 6.05% | 5.86% | 6.26% | 5.50% |
Frequently Asked Questions
NSBRX and NZF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSBRX has higher volatility (3.09%) compared to NZF (2.63%). In terms of maximum drawdown, NSBRX dropped -45.14% vs NZF's -48.55%.
NZF currently has the higher Sharpe Ratio (1.52 vs 1.00), 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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