NVG vs. NXP
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Nuveen Select Tax-Free Income Portfolio (NXP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or NXP.
Correlation
The correlation between NVG and NXP 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.
Performance
NVG vs. NXP - Performance Comparison
Key characteristics
NVG:
0.95
NXP:
0.34
NVG:
1.34
NXP:
0.51
NVG:
1.17
NXP:
1.07
NVG:
0.35
NXP:
0.17
NVG:
4.00
NXP:
1.32
NVG:
2.48%
NXP:
2.13%
NVG:
10.43%
NXP:
8.28%
NVG:
-41.68%
NXP:
-27.60%
NVG:
-19.86%
NXP:
-11.36%
Fundamentals
Returns By Period
In the year-to-date period, NVG achieves a 9.82% return, which is significantly higher than NXP's 1.92% return. Both investments have delivered pretty close results over the past 10 years, with NVG having a 4.19% annualized return and NXP not far behind at 4.13%.
NVG
9.82%
-4.42%
1.62%
10.10%
-0.63%
4.19%
NXP
1.92%
-1.22%
2.63%
2.26%
1.11%
4.13%
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Risk-Adjusted Performance
NVG vs. NXP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Nuveen Select Tax-Free Income Portfolio (NXP). 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. NXP - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.82%, more than NXP's 4.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 6.82% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% | 6.13% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.21% | 3.98% | 3.97% | 3.45% | 3.10% | 3.36% | 3.92% | 3.83% | 4.00% | 4.03% | 4.44% | 4.90% |
Drawdowns
NVG vs. NXP - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.68%, which is greater than NXP's maximum drawdown of -27.60%. Use the drawdown chart below to compare losses from any high point for NVG and NXP. For additional features, visit the drawdowns tool.
Volatility
NVG vs. NXP - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 4.07% compared to Nuveen Select Tax-Free Income Portfolio (NXP) at 3.13%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than NXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NVG vs. NXP - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Municipal Credit Income Fund and Nuveen Select Tax-Free Income Portfolio. 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