NVG vs. WCPNX
NVG (Nuveen AMT-Free Municipal Credit Income Fund) is a stock, while WCPNX (Weitz Core Plus Income Fund) is Intermediate Core-Plus Bond fund managed by Weitz. Over the past 10 years, NVG returned 3.16%/yr vs 3.01%/yr for WCPNX. Their 0.41 correlation means their historical movements had little consistent relationship. NVG charges 1.50%/yr vs 0.89%/yr for WCPNX.
Performance
NVG vs. WCPNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVG achieves a 2.27% return, which is significantly higher than WCPNX's -0.05% return. Both investments have delivered pretty close results over the past 10 years, with NVG having a 3.16% annualized return and WCPNX not far behind at 3.01%.
NVG
- 1D
- -0.40%
- 1M
- -2.83%
- 6M
- 0.14%
- YTD
- 2.27%
- 1Y
- 13.77%
- 3Y*
- 8.98%
- 5Y*
- -1.03%
- 10Y*
- 3.16%
- ALL TIME*
- 5.24%
WCPNX
- 1D
- 0.11%
- 1M
- -1.04%
- 6M
- -0.45%
- YTD
- -0.05%
- 1Y
- 2.73%
- 3Y*
- 5.06%
- 5Y*
- 1.46%
- 10Y*
- 3.01%
- ALL TIME*
- 3.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.06M | $5.74M | $6.29M | |
| $0.00 | $0.00 | $0.00 |
NVG vs. WCPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 2.27% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
WCPNX Weitz Core Plus Income Fund | -0.05% | 7.89% | 4.10% | 7.00% | -9.92% | 1.60% | 10.18% | 7.39% | 1.49% | 2.83% |
Correlation
The correlation between NVG and WCPNX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2014 | 0.41 |
The correlation between NVG and WCPNX shifts across timeframes, from 0.41 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVG vs. WCPNX — Risk / Return Rank
NVG
WCPNX
NVG vs. WCPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and Weitz Core Plus Income Fund (WCPNX). 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 | WCPNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.43 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.08 | +0.27 |
Loading charts...
Drawdowns
NVG vs. WCPNX - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, which is greater than WCPNX's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for NVG and WCPNX.
Loading charts...
Drawdown Indicators
| NVG | WCPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -13.63% | -28.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -2.74% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -4.51% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -40.58% | -13.63% | -26.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -13.63% | -26.95% |
Current DrawdownCurrent decline from peak | -7.79% | -1.72% | -6.07% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -2.17% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 0.96% | +2.44% |
Volatility
NVG vs. WCPNX - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 2.30% compared to Weitz Core Plus Income Fund (WCPNX) at 0.95%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than WCPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVG | WCPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 0.95% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 2.95% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 3.69% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 5.02% | +8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 4.19% | +8.68% |
NVG vs. WCPNX - Expense Ratio Comparison
NVG has a 1.50% expense ratio, which is higher than WCPNX's 0.89% expense ratio.
Dividends
NVG vs. WCPNX - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 7.65%, more than WCPNX's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.65% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
WCPNX Weitz Core Plus Income Fund | 4.55% | 5.26% | 6.15% | 4.92% | 3.04% | 2.51% | 5.07% | 2.95% | 2.55% | 2.41% | 3.72% | 1.96% |
Frequently Asked Questions
NVG and WCPNX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVG has higher volatility (2.30%) compared to WCPNX (0.95%). In terms of maximum drawdown, NVG dropped -41.72% vs WCPNX's -13.63%.
NVG currently has the higher Sharpe Ratio (1.41 vs 1.07), 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.
Find the right allocation for NVG and WCPNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer