SETMX vs. NRK
SETMX (Columbia Intermediate Municipal Bond Fund) and NRK (Nuveen New York AMT Free Quality Municipal Income) are both Municipal Bonds funds. Over the past 10 years, SETMX returned 1.86%/yr vs 1.88%/yr for NRK. Their 0.26 correlation means their historical movements had little consistent relationship. SETMX charges 0.40%/yr vs 2.16%/yr for NRK.
Performance
SETMX vs. NRK - Performance Comparison
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Returns By Period
In the year-to-date period, SETMX achieves a 0.43% return, which is significantly lower than NRK's 7.15% return. Both investments have delivered pretty close results over the past 10 years, with SETMX having a 1.86% annualized return and NRK not far ahead at 1.88%.
SETMX
- 1D
- -0.21%
- 1M
- -1.46%
- 6M
- -0.49%
- YTD
- 0.43%
- 1Y
- 4.05%
- 3Y*
- 3.59%
- 5Y*
- 0.96%
- 10Y*
- 1.86%
- ALL TIME*
- 3.81%
NRK
- 1D
- -0.19%
- 1M
- -3.05%
- 6M
- 5.59%
- YTD
- 7.15%
- 1Y
- 18.50%
- 3Y*
- 7.05%
- 5Y*
- -0.53%
- 10Y*
- 1.88%
- ALL TIME*
- 3.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.56M | $2.40M | $2.73M | |
| $0.00 | $0.00 | $0.00 |
SETMX vs. NRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SETMX Columbia Intermediate Municipal Bond Fund | 0.43% | 5.29% | 2.50% | 4.90% | -7.36% | 1.54% | 4.05% | 6.97% | 0.39% | 4.40% |
NRK Nuveen New York AMT Free Quality Municipal Income | 7.15% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
Correlation
The correlation between SETMX and NRK is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2003 | 0.26 |
The correlation between SETMX and NRK shifts across timeframes, from 0.26 (all time) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SETMX vs. NRK — Risk / Return Rank
SETMX
NRK
SETMX vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Intermediate Municipal Bond Fund (SETMX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SETMX | NRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.46 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.70 | -1.69 |
| Martin ratioReturn relative to average drawdown | 6.91 | 13.46 | -6.54 |
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Drawdowns
SETMX vs. NRK - Drawdown Comparison
The maximum SETMX drawdown since its inception was -11.15%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for SETMX and NRK.
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Drawdown Indicators
| SETMX | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -40.18% | +29.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -5.32% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -11.49% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -31.06% | +19.91% |
Max Drawdown (10Y)Largest decline over 10 years | -11.15% | -31.06% | +19.91% |
Current DrawdownCurrent decline from peak | -1.46% | -3.50% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -8.14% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.46% | -0.78% |
Volatility
SETMX vs. NRK - Volatility Comparison
The current volatility for Columbia Intermediate Municipal Bond Fund (SETMX) is 1.05%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 2.22%. This indicates that SETMX experiences smaller price fluctuations and is considered to be less risky than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SETMX | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.22% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 6.95% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 8.52% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 9.98% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.22% | 10.34% | -7.12% |
SETMX vs. NRK - Expense Ratio Comparison
SETMX has a 0.40% expense ratio, which is lower than NRK's 2.16% expense ratio.
Dividends
SETMX vs. NRK - Dividend Comparison
SETMX's dividend yield for the trailing twelve months is around 3.14%, less than NRK's 7.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 7.95% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
SETMX Columbia Intermediate Municipal Bond Fund | 3.14% | 4.47% | 3.42% | 3.05% | 2.98% | 3.07% | 3.28% | 3.74% | 3.00% | 3.16% | 3.25% | 3.37% |
Frequently Asked Questions
SETMX and NRK have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRK has higher volatility (2.22%) compared to SETMX (1.05%). In terms of maximum drawdown, SETMX dropped -11.15% vs NRK's -40.18%.
NRK currently has the higher Sharpe Ratio (2.31 vs 2.06), 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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