NZF vs. NSBRX
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and Nuveen Dividend Growth Fund (NSBRX).
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. NSBRX is managed by Nuveen. It was launched on Mar 28, 2006.
Performance
NZF vs. NSBRX - Performance Comparison
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NZF vs. NSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | 0.35% | 11.78% | 10.09% | 2.49% | -25.53% | 11.19% | 3.58% | 28.33% | -6.79% | 14.48% |
NSBRX Nuveen Dividend Growth Fund | -2.40% | 10.03% | 17.56% | 15.08% | -9.63% | 27.17% | 9.79% | 41.88% | -4.36% | 20.07% |
Returns By Period
In the year-to-date period, NZF achieves a 0.35% return, which is significantly higher than NSBRX's -2.40% return. Over the past 10 years, NZF has underperformed NSBRX with an annualized return of 3.84%, while NSBRX has yielded a comparatively higher 12.44% annualized return.
NZF
- 1D
- 1.72%
- 1M
- -3.87%
- YTD
- 0.35%
- 6M
- 1.46%
- 1Y
- 8.42%
- 3Y*
- 8.17%
- 5Y*
- 0.52%
- 10Y*
- 3.84%
NSBRX
- 1D
- 1.84%
- 1M
- -5.23%
- YTD
- -2.40%
- 6M
- -2.56%
- 1Y
- 8.82%
- 3Y*
- 12.65%
- 5Y*
- 9.33%
- 10Y*
- 12.44%
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NZF vs. NSBRX - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is higher than NSBRX's 0.67% expense ratio.
Return for Risk
NZF vs. NSBRX — Risk / Return Rank
NZF
NSBRX
NZF vs. NSBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) and Nuveen Dividend Growth Fund (NSBRX). 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 | NSBRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.61 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.10 | 0.97 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.82 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.83 | 3.53 | +0.31 |
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 | NSBRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.61 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.66 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.75 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.58 | -0.21 |
Correlation
The correlation between NZF and NSBRX is 0.17, 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. NSBRX - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.70%, less than NSBRX's 9.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | 7.70% | 7.58% | 6.84% | 4.51% | 5.80% | 4.63% | 4.74% | 4.82% | 6.05% | 5.86% | 6.26% | 5.50% |
NSBRX Nuveen Dividend Growth Fund | 9.19% | 9.26% | 6.82% | 3.01% | 3.58% | 3.67% | 4.68% | 15.68% | 7.04% | 4.57% | 1.75% | 6.24% |
Drawdowns
NZF vs. NSBRX - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, which is greater than NSBRX's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for NZF and NSBRX.
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Drawdown Indicators
| NZF | NSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -45.14% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -10.75% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -19.79% | -17.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -33.69% | -3.73% |
Current DrawdownCurrent decline from peak | -6.60% | -6.10% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -5.28% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.50% | -0.03% |
Volatility
NZF vs. NSBRX - Volatility Comparison
Nuveen Municipal Credit Income Fund (NZF) has a higher volatility of 5.07% compared to Nuveen Dividend Growth Fund (NSBRX) at 4.11%. This indicates that NZF's price experiences larger fluctuations and is considered to be riskier than NSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZF | NSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 4.11% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 7.73% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 15.14% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.24% | 14.29% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.03% | 16.59% | -3.56% |