NVG vs. OKE
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and ONEOK, Inc. (OKE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or OKE.
Key characteristics
| NVG | OKE | |
|---|---|---|
| YTD Return | 14.35% | 61.19% |
| 1Y Return | 27.48% | 75.06% |
| 3Y Return (Ann) | -5.57% | 26.56% |
| 5Y Return (Ann) | 0.80% | 16.95% |
| 10Y Return (Ann) | 4.76% | 13.81% |
| Sharpe Ratio | 2.50 | 3.88 |
| Sortino Ratio | 3.53 | 4.72 |
| Omega Ratio | 1.47 | 1.64 |
| Calmar Ratio | 0.77 | 11.16 |
| Martin Ratio | 12.52 | 35.00 |
| Ulcer Index | 2.12% | 2.17% |
| Daily Std Dev | 10.62% | 19.57% |
| Max Drawdown | -41.72% | -80.17% |
| Current Drawdown | -16.61% | -1.12% |
Fundamentals
| NVG | OKE |
|---|
Correlation
The correlation between NVG and OKE is 0.12, 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. OKE - Performance Comparison
In the year-to-date period, NVG achieves a 14.35% return, which is significantly lower than OKE's 61.19% return. Over the past 10 years, NVG has underperformed OKE with an annualized return of 4.76%, while OKE has yielded a comparatively higher 13.81% 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. OKE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and ONEOK, Inc. (OKE). 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. OKE - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.03%, more than OKE's 3.67% 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% |
OKE ONEOK, Inc. | 3.67% | 5.47% | 5.72% | 6.40% | 9.80% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% | 4.27% | 0.00% |
Drawdowns
NVG vs. OKE - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, smaller than the maximum OKE drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for NVG and OKE. For additional features, visit the drawdowns tool.
Volatility
NVG vs. OKE - Volatility Comparison
The current volatility for Nuveen AMT-Free Municipal Credit Income Fund (NVG) is 4.88%, while ONEOK, Inc. (OKE) has a volatility of 7.77%. This indicates that NVG experiences smaller price fluctuations and is considered to be less risky than OKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NVG vs. OKE - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Municipal Credit Income Fund and ONEOK, Inc.. 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