NVG vs. IIM
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Invesco Value Municipal Income Trust (IIM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or IIM.
Key characteristics
| NVG | IIM | |
|---|---|---|
| YTD Return | 14.35% | 11.46% |
| 1Y Return | 27.48% | 21.57% |
| 3Y Return (Ann) | -5.57% | -4.76% |
| 5Y Return (Ann) | 0.80% | 0.74% |
| 10Y Return (Ann) | 4.76% | 2.64% |
| Sharpe Ratio | 2.50 | 2.24 |
| Sortino Ratio | 3.53 | 3.38 |
| Omega Ratio | 1.47 | 1.43 |
| Calmar Ratio | 0.77 | 0.71 |
| Martin Ratio | 12.52 | 11.82 |
| Ulcer Index | 2.12% | 1.83% |
| Daily Std Dev | 10.62% | 9.63% |
| Max Drawdown | -41.72% | -40.15% |
| Current Drawdown | -16.61% | -15.15% |
Fundamentals
| NVG | IIM |
|---|
Correlation
The correlation between NVG and IIM is 0.43, 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.
Performance
NVG vs. IIM - Performance Comparison
In the year-to-date period, NVG achieves a 14.35% return, which is significantly higher than IIM's 11.46% return. Over the past 10 years, NVG has outperformed IIM with an annualized return of 4.76%, while IIM has yielded a comparatively lower 2.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NVG vs. IIM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Invesco Value Municipal Income Trust (IIM). 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.
Dividends
NVG vs. IIM - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.03%, more than IIM's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 6.03% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% | 6.13% |
IIM Invesco Value Municipal Income Trust | 5.77% | 4.73% | 5.88% | 4.51% | 4.48% | 4.62% | 5.41% | 4.99% | 5.52% | 5.20% | 5.49% | 6.67% |
Drawdowns
NVG vs. IIM - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, roughly equal to the maximum IIM drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for NVG and IIM. For additional features, visit the drawdowns tool.
Volatility
NVG vs. IIM - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 4.88% compared to Invesco Value Municipal Income Trust (IIM) at 3.29%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than IIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NVG vs. IIM - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Municipal Credit Income Fund and Invesco Value Municipal Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities