NVG vs. PMF
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and PIMCO Municipal Income Fund (PMF).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or PMF.
Correlation
The correlation between NVG and PMF is 0.36, 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. PMF - Performance Comparison
Key characteristics
NVG:
1.47
PMF:
0.19
NVG:
2.02
PMF:
0.35
NVG:
1.27
PMF:
1.04
NVG:
0.55
PMF:
0.07
NVG:
4.53
PMF:
0.39
NVG:
3.32%
PMF:
6.07%
NVG:
10.23%
PMF:
12.87%
NVG:
-41.68%
PMF:
-60.21%
NVG:
-14.96%
PMF:
-28.47%
Fundamentals
Returns By Period
In the year-to-date period, NVG achieves a 5.16% return, which is significantly higher than PMF's 3.42% return. Over the past 10 years, NVG has outperformed PMF with an annualized return of 4.51%, while PMF has yielded a comparatively lower 0.55% annualized return.
NVG
5.16%
3.73%
3.18%
15.63%
-0.29%
4.51%
PMF
3.42%
4.91%
-0.03%
2.51%
-4.79%
0.55%
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Risk-Adjusted Performance
NVG vs. PMF — Risk-Adjusted Performance Rank
NVG
PMF
NVG vs. PMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and PIMCO Municipal Income Fund (PMF). 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. PMF - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.95%, more than PMF's 5.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 6.95% | 6.76% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% |
PMF PIMCO Municipal Income Fund | 5.48% | 5.61% | 5.40% | 6.21% | 4.26% | 5.26% | 4.83% | 5.74% | 5.70% | 6.75% | 6.29% | 6.78% |
Drawdowns
NVG vs. PMF - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.68%, smaller than the maximum PMF drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for NVG and PMF. For additional features, visit the drawdowns tool.
Volatility
NVG vs. PMF - Volatility Comparison
The current volatility for Nuveen AMT-Free Municipal Credit Income Fund (NVG) is 2.82%, while PIMCO Municipal Income Fund (PMF) has a volatility of 4.25%. This indicates that NVG experiences smaller price fluctuations and is considered to be less risky than PMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NVG vs. PMF - Financials Comparison
This section allows you to compare key financial metrics between Nuveen AMT-Free Municipal Credit Income Fund and PIMCO 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