NZF vs. FASEX
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and Nuveen Mid Cap Value Fund (FASEX).
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. FASEX is managed by Nuveen. It was launched on Dec 22, 1987.
Performance
NZF vs. FASEX - Performance Comparison
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NZF vs. FASEX - 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% |
FASEX Nuveen Mid Cap Value Fund | 2.64% | 9.68% | 10.40% | 14.20% | -10.63% | 34.84% | 1.19% | 26.68% | -13.00% | 19.23% |
Returns By Period
In the year-to-date period, NZF achieves a -1.35% return, which is significantly lower than FASEX's 2.64% return. Over the past 10 years, NZF has underperformed FASEX with an annualized return of 3.66%, while FASEX has yielded a comparatively higher 9.89% 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%
FASEX
- 1D
- -0.41%
- 1M
- -6.34%
- YTD
- 2.64%
- 6M
- 3.59%
- 1Y
- 17.10%
- 3Y*
- 11.79%
- 5Y*
- 7.98%
- 10Y*
- 9.89%
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NZF vs. FASEX - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is higher than FASEX's 1.16% expense ratio.
Return for Risk
NZF vs. FASEX — Risk / Return Rank
NZF
FASEX
NZF vs. FASEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) and Nuveen Mid Cap Value Fund (FASEX). 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 | FASEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.96 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.42 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.07 | +0.01 |
Martin ratioReturn relative to average drawdown | 3.61 | 4.84 | -1.24 |
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 | FASEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.96 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.44 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.49 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.50 | -0.14 |
Correlation
The correlation between NZF and FASEX is 0.15, 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. FASEX - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.83%, less than FASEX's 14.29% 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% |
FASEX Nuveen Mid Cap Value Fund | 14.29% | 14.67% | 5.29% | 3.12% | 6.32% | 4.02% | 1.06% | 0.89% | 4.48% | 7.93% | 3.67% | 3.49% |
Drawdowns
NZF vs. FASEX - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, smaller than the maximum FASEX drawdown of -55.57%. Use the drawdown chart below to compare losses from any high point for NZF and FASEX.
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Drawdown Indicators
| NZF | FASEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -55.57% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -13.62% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -22.26% | -15.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -44.56% | +7.14% |
Current DrawdownCurrent decline from peak | -8.18% | -6.83% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.97% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.01% | -0.55% |
Volatility
NZF vs. FASEX - Volatility Comparison
The current volatility for Nuveen Municipal Credit Income Fund (NZF) is 4.70%, while Nuveen Mid Cap Value Fund (FASEX) has a volatility of 5.25%. This indicates that NZF experiences smaller price fluctuations and is considered to be less risky than FASEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZF | FASEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 5.25% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 9.91% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 18.72% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 18.04% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 20.17% | -7.15% |