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NVG vs. NEA
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

NVG vs. NEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Nuveen AMT-Free Quality Municipal Income Fund (NEA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NVG achieves a 2.31% return, which is significantly higher than NEA's 1.73% return. Over the past 10 years, NVG has outperformed NEA with an annualized return of 3.56%, while NEA has yielded a comparatively lower 2.97% annualized return.


NVG

1D
-0.63%
1M
2.09%
YTD
2.31%
6M
2.78%
1Y
14.65%
3Y*
10.49%
5Y*
-0.65%
10Y*
3.56%

NEA

1D
-0.61%
1M
3.38%
YTD
1.73%
6M
2.95%
1Y
14.66%
3Y*
9.40%
5Y*
-0.08%
10Y*
2.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NVG vs. NEA - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
NVG
Nuveen AMT-Free Municipal Credit Income Fund
2.31%11.61%10.79%1.94%-28.47%12.14%6.40%25.63%-4.03%13.19%
NEA
Nuveen AMT-Free Quality Municipal Income Fund
1.73%11.31%9.50%0.75%-23.32%8.16%10.07%22.42%-5.72%8.77%

Correlation

The correlation between NVG and NEA is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Nov 25, 2002

0.48

Over the past year, NVG and NEA have become more correlated (0.72) than their long-term average of 0.48, meaning their price movements have been converging.

Fundamentals

Market Cap

NVG:

$2.68B

NEA:

$3.44B

EPS

NVG:

$2.87

NEA:

$2.18

PE Ratio

NVG:

4.38

NEA:

5.26

PEG Ratio

NVG:

0.01

NEA:

0.02

PS Ratio

NVG:

6.06

NEA:

4.17

PB Ratio

NVG:

0.97

NEA:

0.97

Total Revenue (TTM)

NVG:

$442.39M

NEA:

$824.80M

Gross Profit (TTM)

NVG:

$398.18M

NEA:

$779.17M

EBITDA (TTM)

NVG:

$645.87M

NEA:

$732.48M

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Return for Risk

NVG vs. NEA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVG
NVG Risk / Return Rank: 7474
Overall Rank
NVG Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
NVG Sortino Ratio Rank: 7676
Sortino Ratio Rank
NVG Omega Ratio Rank: 7676
Omega Ratio Rank
NVG Calmar Ratio Rank: 6767
Calmar Ratio Rank
NVG Martin Ratio Rank: 7373
Martin Ratio Rank

NEA
NEA Risk / Return Rank: 7878
Overall Rank
NEA Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
NEA Sortino Ratio Rank: 7676
Sortino Ratio Rank
NEA Omega Ratio Rank: 7676
Omega Ratio Rank
NEA Calmar Ratio Rank: 7474
Calmar Ratio Rank
NEA Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVG vs. NEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Nuveen AMT-Free Quality Municipal Income Fund (NEA). 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.


NVGNEADifference
Sharpe ratioReturn per unit of total volatility

+0.02

Sortino ratioReturn per unit of downside risk

+0.02

Omega ratioGain probability vs. loss probability

1.28

1.28

0.00

Calmar ratioReturn relative to maximum drawdown

1.41

2.02

-0.62

Martin ratioReturn relative to average drawdown

4.64

8.11

-3.47

NVG vs. NEA - Sharpe Ratio Comparison

The current NVG Sharpe Ratio is 1.42, which is comparable to the NEA Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of NVG and NEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


NVGNEADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.42

1.39

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

-0.01

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

0.25

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.32

+0.08

Drawdowns

NVG vs. NEA - Drawdown Comparison

The maximum NVG drawdown since its inception was -41.72%, roughly equal to the maximum NEA drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for NVG and NEA.


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Drawdown Indicators


NVGNEADifference

Max Drawdown

Largest peak-to-trough decline

-41.72%

-43.83%

+2.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.44%

-7.27%

-3.17%

Max Drawdown (3Y)

Largest decline over 3 years

-17.22%

-15.16%

-2.06%

Max Drawdown (5Y)

Largest decline over 5 years

-40.58%

-36.57%

-4.01%

Max Drawdown (10Y)

Largest decline over 10 years

-40.58%

-36.57%

-4.01%

Current Drawdown

Current decline from peak

-7.76%

-5.41%

-2.35%

Average Drawdown

Average peak-to-trough decline

-7.92%

-8.01%

+0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

1.81%

+1.36%

Volatility

NVG vs. NEA - Volatility Comparison

Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Nuveen AMT-Free Quality Municipal Income Fund (NEA) have volatilities of 3.61% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


NVGNEADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

3.80%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

8.50%

+0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

10.59%

-0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.06%

11.49%

+1.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.89%

11.81%

+1.08%

NVG vs. NEA - Expense Ratio Comparison

NVG has a 1.50% expense ratio, which is higher than NEA's 1.41% expense ratio.


Dividends

NVG vs. NEA - Dividend Comparison

NVG's dividend yield for the trailing twelve months is around 7.55%, more than NEA's 7.23% yield.


PositionTTM20252024202320222021202020192018201720162015
NEA
Nuveen AMT-Free Quality Municipal Income Fund
7.23%7.36%6.63%3.95%5.49%4.50%4.45%4.46%5.40%5.33%5.70%5.71%
NVG
Nuveen AMT-Free Municipal Credit Income Fund
7.55%7.49%6.74%4.45%6.18%4.69%5.24%4.94%6.07%5.67%6.17%5.46%

Financials

NVG vs. NEA - Financials Comparison

This section allows you to compare key financial metrics between Nuveen AMT-Free Municipal Credit Income Fund and Nuveen AMT-Free Quality Municipal Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00100.00M200.00M300.00M400.00M500.00MJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
102.36M
102.66M
(NVG) Total Revenue
(NEA) Total Revenue
Values in USD except per share items

Frequently Asked Questions


NVG and NEA have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NEA has higher volatility (3.80%) compared to NVG (3.61%). In terms of maximum drawdown, NVG dropped -41.72% vs NEA's -43.83%.

NVG currently has the higher Sharpe Ratio (1.42 vs 1.39), 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.

Portfolio Optimizer

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