NVG vs. AITFX
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Invesco Limited Term Municipal Income Fund (AITFX).
AITFX is managed by Invesco. It was launched on May 10, 1987.
Performance
NVG vs. AITFX - Performance Comparison
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NVG vs. AITFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 0.63% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
AITFX Invesco Limited Term Municipal Income Fund | 0.05% | 5.47% | 2.88% | 3.67% | -2.62% | 0.57% | 3.73% | 4.35% | 1.13% | 2.69% |
Returns By Period
In the year-to-date period, NVG achieves a 0.63% return, which is significantly higher than AITFX's 0.05% return. Over the past 10 years, NVG has outperformed AITFX with an annualized return of 3.89%, while AITFX has yielded a comparatively lower 2.04% annualized return.
NVG
- 1D
- 1.46%
- 1M
- -4.78%
- YTD
- 0.63%
- 6M
- 4.53%
- 1Y
- 8.78%
- 3Y*
- 8.96%
- 5Y*
- -0.06%
- 10Y*
- 3.89%
AITFX
- 1D
- 0.09%
- 1M
- -1.26%
- YTD
- 0.05%
- 6M
- 1.15%
- 1Y
- 3.90%
- 3Y*
- 3.48%
- 5Y*
- 1.94%
- 10Y*
- 2.04%
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Return for Risk
NVG vs. AITFX — Risk / Return Rank
NVG
AITFX
NVG vs. AITFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Invesco Limited Term Municipal Income Fund (AITFX). 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.
| NVG | AITFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.71 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.09 | 2.49 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.54 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.29 | -1.42 |
Martin ratioReturn relative to average drawdown | 2.85 | 9.82 | -6.97 |
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
| NVG | AITFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.71 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.95 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.94 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.82 | -1.43 |
Correlation
The correlation between NVG and AITFX is 0.30, 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
NVG vs. AITFX - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 7.58%, more than AITFX's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.58% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
AITFX Invesco Limited Term Municipal Income Fund | 3.64% | 4.82% | 3.93% | 2.67% | 1.80% | 1.44% | 2.07% | 2.48% | 2.28% | 1.95% | 1.93% | 2.51% |
Drawdowns
NVG vs. AITFX - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, which is greater than AITFX's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for NVG and AITFX.
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Drawdown Indicators
| NVG | AITFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -7.17% | -34.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -2.19% | -8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -40.58% | -5.62% | -34.96% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -7.17% | -33.41% |
Current DrawdownCurrent decline from peak | -9.26% | -1.44% | -7.82% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -0.73% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.51% | +2.69% |
Volatility
NVG vs. AITFX - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 5.39% compared to Invesco Limited Term Municipal Income Fund (AITFX) at 0.52%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than AITFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVG | AITFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 0.52% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 1.12% | +6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 2.51% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 2.05% | +10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 2.18% | +10.62% |