NVG vs. NEA
NVG (Nuveen AMT-Free Municipal Credit Income Fund) and NEA (Nuveen AMT-Free Quality Municipal Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, NVG returned 3.56%/yr vs 2.97%/yr for NEA. At a 0.48 correlation, their price movements are largely independent. NVG charges 1.50%/yr vs 1.41%/yr for NEA.
Performance
NVG vs. NEA - Performance Comparison
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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%
NVG vs. NEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
NVG:
$2.68B
NEA:
$3.44B
NVG:
$2.87
NEA:
$2.18
NVG:
4.38
NEA:
5.26
NVG:
0.01
NEA:
0.02
NVG:
6.06
NEA:
4.17
NVG:
0.97
NEA:
0.97
NVG:
$442.39M
NEA:
$824.80M
NVG:
$398.18M
NEA:
$779.17M
NVG:
$645.87M
NEA:
$732.48M
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Return for Risk
NVG vs. NEA — Risk / Return Rank
NVG
NEA
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.
| NVG | NEA | Difference | |
|---|---|---|---|
| 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 |
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 | NEA | Difference | |
|---|---|---|---|
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
| NVG | NEA | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -7.76% | -5.41% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -8.01% | +0.09% |
Ulcer IndexDepth 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
| NVG | NEA | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Total Revenue: Total amount of money received from sales and other business activities
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.
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