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.
Key characteristics
| NVG | NXP | |
|---|---|---|
| YTD Return | 14.35% | 2.45% |
| 1Y Return | 27.48% | 13.19% |
| 3Y Return (Ann) | -5.57% | -0.01% |
| 5Y Return (Ann) | 0.80% | 1.42% |
| 10Y Return (Ann) | 4.76% | 4.30% |
| Sharpe Ratio | 2.50 | 1.39 |
| Sortino Ratio | 3.53 | 2.01 |
| Omega Ratio | 1.47 | 1.26 |
| Calmar Ratio | 0.77 | 0.57 |
| Martin Ratio | 12.52 | 6.11 |
| Ulcer Index | 2.12% | 2.01% |
| Daily Std Dev | 10.62% | 8.80% |
| Max Drawdown | -41.72% | -27.64% |
| Current Drawdown | -16.61% | -10.99% |
Fundamentals
| NVG | 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
In the year-to-date period, NVG achieves a 14.35% return, which is significantly higher than NXP's 2.45% return. Over the past 10 years, NVG has outperformed NXP with an annualized return of 4.76%, while NXP has yielded a comparatively lower 4.30% 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. 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 6.03%, more than NXP's 4.12% 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% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.12% | 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 -41.72%, which is greater than NXP's maximum drawdown of -27.64%. 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 4.88% compared to Nuveen Select Tax-Free Income Portfolio (NXP) at 2.73%. 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