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 Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or VGLT.
Key characteristics
| NVG | VGLT | |
|---|---|---|
| YTD Return | 14.35% | -4.06% |
| 1Y Return | 27.48% | 7.94% |
| 3Y Return (Ann) | -5.57% | -11.04% |
| 5Y Return (Ann) | 0.80% | -5.03% |
| 10Y Return (Ann) | 4.76% | 0.10% |
| Sharpe Ratio | 2.50 | 0.57 |
| Sortino Ratio | 3.53 | 0.89 |
| Omega Ratio | 1.47 | 1.10 |
| Calmar Ratio | 0.77 | 0.18 |
| Martin Ratio | 12.52 | 1.45 |
| Ulcer Index | 2.12% | 5.37% |
| Daily Std Dev | 10.62% | 13.68% |
| Max Drawdown | -41.72% | -46.18% |
| Current Drawdown | -16.61% | -38.37% |
Correlation
The correlation between NVG and VGLT is 0.27, 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. VGLT - Performance Comparison
In the year-to-date period, NVG achieves a 14.35% return, which is significantly higher than VGLT's -4.06% return. Over the past 10 years, NVG has outperformed VGLT with an annualized return of 4.76%, while VGLT has yielded a comparatively lower 0.10% 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. VGLT - Risk-Adjusted Performance 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.
Dividends
NVG vs. VGLT - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.03%, more than VGLT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 5.64% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% | 6.13% |
VGLT Vanguard Long-Term Treasury ETF | 4.10% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
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. For additional features, visit the drawdowns tool.
Volatility
NVG vs. VGLT - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 4.88% compared to Vanguard Long-Term Treasury ETF (VGLT) at 4.61%. 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.