NZF vs. MQY
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and BlackRock MuniYield Quality Fund (MQY).
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. MQY is an actively managed fund by BlackRock. It was launched on Jul 21, 1992.
Performance
NZF vs. MQY - Performance Comparison
Loading graphics...
NZF vs. MQY - 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% |
MQY BlackRock MuniYield Quality Fund | -1.36% | 4.28% | -0.06% | 10.20% | -24.23% | 2.67% | 14.65% | 20.89% | -10.12% | 8.98% |
Returns By Period
The year-to-date returns for both stocks are quite close, with NZF having a -1.35% return and MQY slightly lower at -1.36%. Over the past 10 years, NZF has outperformed MQY with an annualized return of 3.66%, while MQY has yielded a comparatively lower 1.24% 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%
MQY
- 1D
- 1.20%
- 1M
- -7.02%
- YTD
- -1.36%
- 6M
- -2.87%
- 1Y
- -0.29%
- 3Y*
- 3.14%
- 5Y*
- -2.07%
- 10Y*
- 1.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NZF vs. MQY - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is lower than MQY's 2.07% expense ratio.
Return for Risk
NZF vs. MQY — Risk / Return Rank
NZF
MQY
NZF vs. MQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) and BlackRock MuniYield Quality Fund (MQY). 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 | MQY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | -0.03 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.04 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | -0.06 | +1.15 |
Martin ratioReturn relative to average drawdown | 3.61 | -0.15 | +3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NZF | MQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | -0.03 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.17 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.10 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.34 | +0.02 |
Correlation
The correlation between NZF and MQY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NZF vs. MQY - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.83%, more than MQY's 6.34% 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% |
MQY BlackRock MuniYield Quality Fund | 6.34% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Drawdowns
NZF vs. MQY - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, which is greater than MQY's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for NZF and MQY.
Loading graphics...
Drawdown Indicators
| NZF | MQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -41.67% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -9.89% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -35.44% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -35.97% | -1.45% |
Current DrawdownCurrent decline from peak | -8.18% | -17.88% | +9.70% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.25% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 4.15% | -1.69% |
Volatility
NZF vs. MQY - Volatility Comparison
Nuveen Municipal Credit Income Fund (NZF) has a higher volatility of 4.70% compared to BlackRock MuniYield Quality Fund (MQY) at 3.20%. This indicates that NZF's price experiences larger fluctuations and is considered to be riskier than MQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NZF | MQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.20% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 5.97% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 10.96% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 12.06% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 13.00% | +0.02% |