NVG vs. VGLT
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Vanguard Long-Term Treasury ETF (VGLT).
VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
NVG vs. VGLT - Performance Comparison
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NVG vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 0.63% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
VGLT Vanguard Long-Term Treasury ETF | -0.14% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, NVG achieves a 0.63% return, which is significantly higher than VGLT's -0.14% return. Over the past 10 years, NVG has outperformed VGLT with an annualized return of 3.89%, while VGLT has yielded a comparatively lower -0.87% annualized return.
NVG
- 1D
- 1.46%
- 1M
- -4.78%
- YTD
- 0.63%
- 6M
- 4.53%
- 1Y
- 8.78%
- 3Y*
- 8.96%
- 5Y*
- -0.06%
- 10Y*
- 3.89%
VGLT
- 1D
- -0.05%
- 1M
- -3.18%
- YTD
- -0.14%
- 6M
- -0.79%
- 1Y
- -0.40%
- 3Y*
- -1.59%
- 5Y*
- -4.89%
- 10Y*
- -0.87%
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Return for Risk
NVG vs. VGLT — Risk / Return Rank
NVG
VGLT
NVG vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Vanguard Long-Term Treasury ETF (VGLT). 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.
| NVG | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | -0.04 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.09 | 0.02 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.04 | +0.83 |
Martin ratioReturn relative to average drawdown | 2.85 | 0.09 | +2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVG | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | -0.04 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.34 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | -0.06 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.19 | +0.20 |
Correlation
The correlation between NVG and VGLT is 0.28, 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.
Dividends
NVG vs. VGLT - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 7.58%, more than VGLT's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.58% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
VGLT Vanguard Long-Term Treasury ETF | 4.54% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
NVG vs. VGLT - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for NVG and VGLT.
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Drawdown Indicators
| NVG | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -46.18% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -8.48% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -40.58% | -40.98% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -46.18% | +5.60% |
Current DrawdownCurrent decline from peak | -9.26% | -36.66% | +27.40% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -14.83% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.86% | -0.66% |
Volatility
NVG vs. VGLT - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 5.39% compared to Vanguard Long-Term Treasury ETF (VGLT) at 3.45%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVG | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 3.45% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 6.00% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 10.32% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 14.59% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 13.84% | -1.04% |