NZF vs. NRK
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and Nuveen New York AMT Free Quality Municipal Income (NRK).
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. NRK is an actively managed fund by Nuveen. It was launched on Nov 21, 2002.
Performance
NZF vs. NRK - Performance Comparison
Loading graphics...
NZF vs. NRK - 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% |
NRK Nuveen New York AMT Free Quality Municipal Income | 3.25% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
Returns By Period
In the year-to-date period, NZF achieves a -1.35% return, which is significantly lower than NRK's 3.25% return. Over the past 10 years, NZF has outperformed NRK with an annualized return of 3.66%, while NRK has yielded a comparatively lower 2.44% 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%
NRK
- 1D
- 2.10%
- 1M
- -2.11%
- YTD
- 3.25%
- 6M
- 4.24%
- 1Y
- 7.68%
- 3Y*
- 5.63%
- 5Y*
- -0.13%
- 10Y*
- 2.44%
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. NRK - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is lower than NRK's 2.16% expense ratio.
Return for Risk
NZF vs. NRK — Risk / Return Rank
NZF
NRK
NZF vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) and Nuveen New York AMT Free Quality Municipal Income (NRK). 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 | NRK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.91 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.42 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.16 | -0.07 |
Martin ratioReturn relative to average drawdown | 3.61 | 2.63 | +0.98 |
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 | NRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.91 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.01 | +0.03 |
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 | 0.29 | +0.08 |
Correlation
The correlation between NZF and NRK is 0.40, 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. NRK - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.83%, less than NRK's 8.11% 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% |
NRK Nuveen New York AMT Free Quality Municipal Income | 8.11% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
Drawdowns
NZF vs. NRK - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, which is greater than NRK's maximum drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for NZF and NRK.
Loading graphics...
Drawdown Indicators
| NZF | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -40.18% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -7.55% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -31.06% | -6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -31.06% | -6.36% |
Current DrawdownCurrent decline from peak | -8.18% | -6.83% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.22% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.33% | -0.87% |
Volatility
NZF vs. NRK - Volatility Comparison
Nuveen Municipal Credit Income Fund (NZF) has a higher volatility of 4.70% compared to Nuveen New York AMT Free Quality Municipal Income (NRK) at 3.46%. This indicates that NZF's price experiences larger fluctuations and is considered to be riskier than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NZF | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.46% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 5.54% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 8.54% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 9.75% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 10.28% | +2.74% |