SMI vs. NVG
Compare and contrast key facts about VanEck HIP Sustainable Muni ETF (SMI) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
SMI is an actively managed fund by VanEck. It was launched on Sep 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMI or NVG.
Correlation
The correlation between SMI and NVG is 0.49, 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.
Performance
SMI vs. NVG - Performance Comparison
Key characteristics
SMI:
0.70
NVG:
1.51
SMI:
1.00
NVG:
2.07
SMI:
1.13
NVG:
1.28
SMI:
0.52
NVG:
0.56
SMI:
2.83
NVG:
4.69
SMI:
1.03%
NVG:
3.31%
SMI:
4.07%
NVG:
10.27%
SMI:
-12.80%
NVG:
-41.68%
SMI:
-2.13%
NVG:
-15.49%
Returns By Period
In the year-to-date period, SMI achieves a 0.48% return, which is significantly lower than NVG's 4.50% return.
SMI
0.48%
0.86%
0.36%
2.37%
N/A
N/A
NVG
4.50%
3.07%
2.61%
15.19%
-0.34%
4.44%
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Risk-Adjusted Performance
SMI vs. NVG — Risk-Adjusted Performance Rank
SMI
NVG
SMI vs. NVG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck HIP Sustainable Muni ETF (SMI) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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.
Dividends
SMI vs. NVG - Dividend Comparison
SMI's dividend yield for the trailing twelve months is around 2.63%, less than NVG's 7.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMI VanEck HIP Sustainable Muni ETF | 2.63% | 2.60% | 2.11% | 1.17% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.00% | 6.76% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% |
Drawdowns
SMI vs. NVG - Drawdown Comparison
The maximum SMI drawdown since its inception was -12.80%, smaller than the maximum NVG drawdown of -41.68%. Use the drawdown chart below to compare losses from any high point for SMI and NVG. For additional features, visit the drawdowns tool.
Volatility
SMI vs. NVG - Volatility Comparison
The current volatility for VanEck HIP Sustainable Muni ETF (SMI) is 1.21%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 2.84%. This indicates that SMI experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.