NVG vs. MUNIX
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and AlphaCentric SWBC Municipal Opportunities Fund (MUNIX).
MUNIX is managed by AlphaCentric Funds. It was launched on Dec 30, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or MUNIX.
Correlation
The correlation between NVG and MUNIX is 0.48, 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. MUNIX - Performance Comparison
Key characteristics
Returns By Period
NVG
5.33%
2.48%
3.58%
15.61%
-0.26%
4.52%
MUNIX
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
NVG vs. MUNIX — Risk-Adjusted Performance Rank
NVG
MUNIX
NVG vs. MUNIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and AlphaCentric SWBC Municipal Opportunities Fund (MUNIX). 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. MUNIX - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.94%, while MUNIX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 6.94% | 6.76% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% |
MUNIX AlphaCentric SWBC Municipal Opportunities Fund | 0.17% | 0.63% | 4.60% | 3.33% | 3.79% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NVG vs. MUNIX - Drawdown Comparison
Volatility
NVG vs. MUNIX - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 2.52% compared to AlphaCentric SWBC Municipal Opportunities Fund (MUNIX) at 0.00%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than MUNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.