NZF vs. FARCX
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and Nuveen Real Estate Securities Fund (FARCX).
NZF is a passively managed fund by Nuveen that tracks the performance of the S&P National Municipal Bond Index. It was launched on Mar 21, 2001. FARCX is managed by Nuveen. It was launched on Jun 30, 1995.
Performance
NZF vs. FARCX - Performance Comparison
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NZF vs. FARCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | -1.35% | 11.78% | 10.09% | 2.49% | -25.53% | 11.19% | 3.58% | 28.33% | -6.79% | 14.48% |
FARCX Nuveen Real Estate Securities Fund | 2.69% | 2.56% | 6.04% | 11.55% | -24.57% | 41.57% | -6.14% | 25.63% | -5.57% | 5.67% |
Returns By Period
In the year-to-date period, NZF achieves a -1.35% return, which is significantly lower than FARCX's 2.69% return. Over the past 10 years, NZF has underperformed FARCX with an annualized return of 3.66%, while FARCX has yielded a comparatively higher 4.78% annualized return.
NZF
- 1D
- 2.61%
- 1M
- -5.35%
- YTD
- -1.35%
- 6M
- 0.69%
- 1Y
- 7.63%
- 3Y*
- 7.56%
- 5Y*
- 0.18%
- 10Y*
- 3.66%
FARCX
- 1D
- 0.27%
- 1M
- -7.18%
- YTD
- 2.69%
- 6M
- 2.07%
- 1Y
- 3.76%
- 3Y*
- 6.66%
- 5Y*
- 4.44%
- 10Y*
- 4.78%
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NZF vs. FARCX - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is higher than FARCX's 0.97% expense ratio.
Return for Risk
NZF vs. FARCX — Risk / Return Rank
NZF
FARCX
NZF vs. FARCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) and Nuveen Real Estate Securities Fund (FARCX). 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.
| NZF | FARCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.30 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.52 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.36 | +0.73 |
Martin ratioReturn relative to average drawdown | 3.61 | 1.51 | +2.10 |
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
| NZF | FARCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.30 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.24 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.24 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.40 | -0.03 |
Correlation
The correlation between NZF and FARCX is 0.20, 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
NZF vs. FARCX - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.83%, more than FARCX's 4.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | 7.83% | 7.58% | 6.84% | 4.51% | 5.80% | 4.63% | 4.74% | 4.82% | 6.05% | 5.86% | 6.26% | 5.50% |
FARCX Nuveen Real Estate Securities Fund | 4.91% | 5.77% | 9.34% | 3.30% | 20.25% | 15.12% | 2.89% | 11.46% | 6.19% | 13.43% | 10.99% | 8.24% |
Drawdowns
NZF vs. FARCX - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, smaller than the maximum FARCX drawdown of -70.62%. Use the drawdown chart below to compare losses from any high point for NZF and FARCX.
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Drawdown Indicators
| NZF | FARCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -70.62% | +22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -12.35% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -31.77% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -41.05% | +3.63% |
Current DrawdownCurrent decline from peak | -8.18% | -7.58% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -10.51% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.93% | -0.47% |
Volatility
NZF vs. FARCX - Volatility Comparison
Nuveen Municipal Credit Income Fund (NZF) has a higher volatility of 4.70% compared to Nuveen Real Estate Securities Fund (FARCX) at 4.11%. This indicates that NZF's price experiences larger fluctuations and is considered to be riskier than FARCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZF | FARCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.11% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 9.04% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 16.15% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 18.36% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 20.16% | -7.14% |