NVG vs. NXP
NVG (Nuveen AMT-Free Municipal Credit Income Fund) and NXP (Nuveen Select Tax-Free Income Portfolio) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, NVG returned 3.50%/yr vs 3.16%/yr for NXP. At a 0.31 correlation, their price movements are largely independent.
Performance
NVG vs. NXP - Performance Comparison
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Returns By Period
In the year-to-date period, NVG achieves a 3.77% return, which is significantly higher than NXP's 3.36% return. Over the past 10 years, NVG has outperformed NXP with an annualized return of 3.50%, while NXP has yielded a comparatively lower 3.16% annualized return.
NVG
- 1D
- 0.40%
- 1M
- 3.49%
- YTD
- 3.77%
- 6M
- 5.26%
- 1Y
- 15.91%
- 3Y*
- 10.18%
- 5Y*
- -0.50%
- 10Y*
- 3.50%
NXP
- 1D
- -0.07%
- 1M
- 1.37%
- YTD
- 3.36%
- 6M
- 3.14%
- 1Y
- 7.13%
- 3Y*
- 3.66%
- 5Y*
- -1.15%
- 10Y*
- 3.16%
NVG vs. NXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 3.77% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
NXP Nuveen Select Tax-Free Income Portfolio | 3.36% | -2.73% | 6.83% | 10.68% | -9.51% | -7.36% | 12.12% | 20.94% | 0.04% | 9.30% |
Correlation
The correlation between NVG and NXP is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2002 | 0.31 |
The correlation between NVG and NXP shifts across timeframes, from 0.31 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NVG:
$2.87
NXP:
$1.60
NVG:
4.41
NXP:
8.91
NVG:
6.11
NXP:
12.22
NVG:
$442.39M
NXP:
$60.63M
NVG:
$398.18M
NXP:
$36.77M
NVG:
$645.87M
NXP:
$28.48M
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Return for Risk
NVG vs. NXP — Risk / Return Rank
NVG
NXP
NVG vs. NXP - 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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVG | NXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.12 | -0.59 |
| Martin ratioReturn relative to average drawdown | 4.83 | 5.31 | -0.47 |
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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.
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Drawdown Indicators
| NVG | NXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -27.64% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -3.37% | -7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -10.68% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -40.58% | -27.64% | -12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -27.64% | -12.94% |
Current DrawdownCurrent decline from peak | -6.44% | -6.69% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -6.79% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.35% | +1.95% |
Volatility
NVG vs. NXP - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 2.71% compared to Nuveen Select Tax-Free Income Portfolio (NXP) at 2.27%. 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.
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Volatility by Period
| NVG | NXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 2.27% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 5.91% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 7.52% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 10.75% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 12.08% | +0.83% |
Dividends
NVG vs. NXP - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 7.49%, more than NXP's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.49% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.48% | 4.47% | 4.00% | 3.94% | 3.93% | 3.42% | 3.07% | 3.33% | 3.88% | 3.79% | 3.96% | 3.99% |
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
Frequently Asked Questions
NVG and NXP have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVG has higher volatility (2.71%) compared to NXP (2.27%). In terms of maximum drawdown, NVG dropped -41.72% vs NXP's -27.64%.
NVG currently has the higher Sharpe Ratio (1.51 vs 0.95), 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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