OIA vs. NAD
OIA (Invesco Municipal Income Opportunities Trust) and NAD (Nuveen Quality Municipal Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, OIA returned 2.58%/yr vs 2.75%/yr for NAD. At a 0.31 correlation, their price movements are largely independent.
Performance
OIA vs. NAD - Performance Comparison
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Returns By Period
In the year-to-date period, OIA achieves a 2.90% return, which is significantly higher than NAD's 0.58% return. Over the past 10 years, OIA has underperformed NAD with an annualized return of 2.58%, while NAD has yielded a comparatively higher 2.75% annualized return.
OIA
- 1D
- -0.82%
- 1M
- -2.11%
- YTD
- 2.90%
- 6M
- 0.55%
- 1Y
- 12.11%
- 3Y*
- 5.14%
- 5Y*
- -0.67%
- 10Y*
- 2.58%
NAD
- 1D
- -0.68%
- 1M
- -1.00%
- YTD
- 0.58%
- 6M
- 0.01%
- 1Y
- 12.47%
- 3Y*
- 8.72%
- 5Y*
- -0.15%
- 10Y*
- 2.75%
OIA vs. NAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIA Invesco Municipal Income Opportunities Trust | 2.90% | 8.07% | -1.94% | 7.14% | -17.71% | 6.23% | 5.29% | 19.16% | -8.18% | 17.66% |
NAD Nuveen Quality Municipal Income Fund | 0.58% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
Correlation
The correlation between OIA and NAD is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 27, 1999 | 0.31 |
The correlation between OIA and NAD shifts across timeframes, from 0.31 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
OIA:
$288.36M
NAD:
$2.74B
OIA:
$0.56
NAD:
$2.47
OIA:
10.82
NAD:
4.76
OIA:
0.14
NAD:
0.02
OIA:
7.22
NAD:
6.68
OIA:
0.96
NAD:
0.96
OIA:
$39.89M
NAD:
$410.48M
OIA:
$32.63M
NAD:
$385.55M
OIA:
$31.10M
NAD:
$744.52M
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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 | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.55 | +0.14 |
| Martin ratioReturn relative to average drawdown | 4.73 | 6.14 | -1.42 |
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 | 1.08 | 1.15 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.01 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.23 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.38 | -0.22 |
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 | -7.21% | -8.08% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -22.75% | -14.69% | -8.06% |
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 | -7.91% | -5.41% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -7.82% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.03% | +0.54% |
Volatility
OIA vs. NAD - Volatility Comparison
Invesco Municipal Income Opportunities Trust (OIA) and Nuveen Quality Municipal Income Fund (NAD) have volatilities of 3.08% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 3.08% | 3.20% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 9.30% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 10.85% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 11.60% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 11.93% | +4.46% |
Dividends
OIA vs. NAD - Dividend Comparison
OIA's dividend yield for the trailing twelve months is around 5.78%, less than NAD's 7.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 7.33% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
OIA Invesco Municipal Income Opportunities Trust | 5.78% | 5.81% | 5.87% | 5.09% | 5.68% | 4.68% | 4.81% | 4.88% | 5.84% | 5.16% | 5.58% | 5.40% |
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
Frequently Asked Questions
OIA and NAD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAD has higher volatility (3.20%) compared to OIA (3.08%). In terms of maximum drawdown, OIA dropped -55.23% vs NAD's -44.65%.
NAD currently has the higher Sharpe Ratio (1.15 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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