NXP vs. NAD
Compare and contrast key facts about Nuveen Select Tax-Free Income Portfolio (NXP) and Nuveen Quality Municipal Income Fund (NAD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXP or NAD.
Correlation
The correlation between NXP and NAD is 0.30, 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
NXP vs. NAD - Performance Comparison
Key characteristics
NXP:
0.34
NAD:
0.97
NXP:
0.51
NAD:
1.35
NXP:
1.07
NAD:
1.17
NXP:
0.17
NAD:
0.34
NXP:
1.32
NAD:
4.53
NXP:
2.13%
NAD:
1.86%
NXP:
8.28%
NAD:
8.72%
NXP:
-27.60%
NAD:
-44.83%
NXP:
-11.36%
NAD:
-16.73%
Fundamentals
Returns By Period
In the year-to-date period, NXP achieves a 1.92% return, which is significantly lower than NAD's 7.09% return. Over the past 10 years, NXP has outperformed NAD with an annualized return of 4.13%, while NAD has yielded a comparatively lower 3.15% annualized return.
NXP
1.92%
-1.22%
2.63%
2.26%
1.11%
4.13%
NAD
7.09%
-3.41%
1.71%
8.61%
0.29%
3.15%
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Risk-Adjusted Performance
NXP vs. NAD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Select Tax-Free Income Portfolio (NXP) and Nuveen Quality Municipal Income Fund (NAD). 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
NXP vs. NAD - Dividend Comparison
NXP's dividend yield for the trailing twelve months is around 4.21%, less than NAD's 6.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXP Nuveen Select Tax-Free Income Portfolio | 4.21% | 3.98% | 3.97% | 3.45% | 3.10% | 3.36% | 3.92% | 3.83% | 4.00% | 4.03% | 4.44% | 4.90% |
NAD Nuveen Quality Municipal Income Fund | 6.76% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% | 7.10% |
Drawdowns
NXP vs. NAD - Drawdown Comparison
The maximum NXP drawdown since its inception was -27.60%, smaller than the maximum NAD drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for NXP and NAD. For additional features, visit the drawdowns tool.
Volatility
NXP vs. NAD - Volatility Comparison
Nuveen Select Tax-Free Income Portfolio (NXP) has a higher volatility of 3.13% compared to Nuveen Quality Municipal Income Fund (NAD) at 2.90%. This indicates that NXP's price experiences larger fluctuations and is considered to be riskier than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NXP vs. NAD - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Select Tax-Free Income Portfolio and Nuveen Quality 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