OIA vs. NAD
Compare and contrast key facts about Invesco Municipal Income Opportunities Trust (OIA) and Nuveen Quality Municipal Income Fund (NAD).
Performance
OIA vs. NAD - Performance Comparison
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OIA vs. NAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIA Invesco Municipal Income Opportunities Trust | 3.61% | 8.07% | -1.94% | 7.14% | -17.71% | 6.23% | 5.29% | 19.16% | -8.18% | 17.66% |
NAD Nuveen Quality Municipal Income Fund | -2.64% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
Fundamentals
OIA:
$292.74M
NAD:
$2.68B
OIA:
$0.39
NAD:
$2.47
OIA:
15.65
NAD:
4.66
OIA:
0.24
NAD:
0.02
OIA:
7.58
NAD:
6.54
OIA:
1.05
NAD:
0.94
OIA:
$38.62M
NAD:
$410.48M
OIA:
$25.90M
NAD:
$385.55M
OIA:
$237.24K
NAD:
$744.52M
Returns By Period
In the year-to-date period, OIA achieves a 3.61% return, which is significantly higher than NAD's -2.64% return. Both investments have delivered pretty close results over the past 10 years, with OIA having a 3.03% annualized return and NAD not far behind at 2.89%.
OIA
- 1D
- 0.82%
- 1M
- -3.45%
- YTD
- 3.61%
- 6M
- 4.76%
- 1Y
- 8.16%
- 3Y*
- 2.96%
- 5Y*
- 0.22%
- 10Y*
- 3.03%
NAD
- 1D
- 2.31%
- 1M
- -5.72%
- YTD
- -2.64%
- 6M
- 1.90%
- 1Y
- 7.58%
- 3Y*
- 6.52%
- 5Y*
- 0.20%
- 10Y*
- 2.89%
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Return for Risk
OIA vs. NAD — Risk / Return Rank
OIA
NAD
OIA vs. NAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Income Opportunities Trust (OIA) and Nuveen Quality Municipal Income Fund (NAD). 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.
| OIA | NAD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.67 | -0.01 |
Sortino ratioReturn per unit of downside risk | 0.99 | 0.96 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.05 | -0.13 |
Martin ratioReturn relative to average drawdown | 1.86 | 4.47 | -2.62 |
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
| OIA | NAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.67 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.02 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.25 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.37 | -0.21 |
Correlation
The correlation between OIA and NAD is 0.31, 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
OIA vs. NAD - Dividend Comparison
OIA's dividend yield for the trailing twelve months is around 5.69%, less than NAD's 7.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIA Invesco Municipal Income Opportunities Trust | 5.69% | 5.81% | 5.87% | 5.09% | 5.68% | 4.68% | 4.81% | 4.88% | 5.84% | 5.16% | 5.58% | 5.40% |
NAD Nuveen Quality Municipal Income Fund | 7.57% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
Drawdowns
OIA vs. NAD - Drawdown Comparison
The maximum OIA drawdown since its inception was -55.23%, which is greater than NAD's maximum drawdown of -44.65%. Use the drawdown chart below to compare losses from any high point for OIA and NAD.
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Drawdown Indicators
| OIA | NAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.23% | -44.65% | -10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -8.08% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -35.58% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -34.88% | -35.58% | +0.70% |
Current DrawdownCurrent decline from peak | -7.27% | -8.44% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -14.07% | -7.84% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 1.90% | +2.30% |
Volatility
OIA vs. NAD - Volatility Comparison
The current volatility for Invesco Municipal Income Opportunities Trust (OIA) is 4.29%, while Nuveen Quality Municipal Income Fund (NAD) has a volatility of 6.01%. This indicates that OIA experiences smaller price fluctuations and is considered to be less risky than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIA | NAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 6.01% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 7.99% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 11.32% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 11.31% | +5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 11.84% | +4.63% |
Financials
OIA vs. NAD - Financials Comparison
This section allows you to compare key financial metrics between Invesco Municipal Income Opportunities Trust and Nuveen Quality Municipal Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities