FIXD vs NEA

Comparison between FIRST TRUST TCW OPPORTUNISTIC FIXED INCOME ETF (FIXD, ETF) and Nuveen AMT-Free Quality Municipal Income Fund (NEA, ETF).

5-Year PerformanceNEA has outperformed FIXD, delivering a return of +0.4% compared to -0.3%

FIXD vs NEA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIXD(ETF)	NEA(ETF)
Net Assets	$3.40B	$3.40B
Expense Ratio	0.65%	N/A
Max Drawdown	26.65%	48.25%
Sharpe Ratio	0.40	0.91
5Y Beta	0.04	0.23
5Y Dividends CAGR	2.87%	5.60%

Net Assets

FIXD

$3.40B

NEA

$3.40B

Expense Ratio

FIXD

0.65%

NEA

N/A

Max Drawdown

Winner

FIXD

26.65%

NEA

48.25%

Sharpe Ratio

FIXD

0.40

Winner

NEA

0.91

5Y Beta

Winner

FIXD

0.04

NEA

0.23

5Y Dividends CAGR

FIXD

2.87%

Winner

NEA

5.60%

FIXD vs NEA - Historical Returns

Returns include dividend reinvestment.

Period	FIXD	NEA
1 month	+0.13%	+1.64%
3 months	-0.17%	+0.73%
6 months	+0.73%	+5.01%
1 year	+6.03%	+13.91%
5 years(CAGR)	-0.27%	+0.39%
10 years(CAGR)	+2.08%	+3.04%
Max(CAGR)	+2.08%	+4.59%

FIXD

+0.13%

Winner

NEA

+1.64%

FIXD

-0.17%

Winner

NEA

+0.73%

FIXD

+0.73%

Winner

NEA

+5.01%

FIXD

+6.03%

Winner

NEA

+13.91%

5Y(CAGR)

FIXD

-0.27%

Winner

NEA

+0.39%

10Y(CAGR)

FIXD

+2.08%

Winner

NEA

+3.04%

Max(CAGR)

FIXD

+2.08%

Winner

NEA

+4.59%

FIXD vs NEA - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	FIXD	NEA
2026	+0.42%	+2.27%
2025	+7.82%	+10.42%
2024	+1.26%	+9.00%
2023	+5.12%	-0.58%
2022	-14.49%	-23.00%
2021	-1.13%	+8.45%
2020	+8.82%	+10.47%
2019	+10.30%	+20.56%
2018	+0.14%	-5.87%
2017	+3.50%	+9.35%
2016	N/A	+1.99%
2015	N/A	+6.25%
2014	N/A	+21.40%
2013	N/A	-16.42%
2012	N/A	+6.78%
2011	N/A	+17.35%
2010	N/A	+1.80%
2009	N/A	+34.36%
2008	N/A	-24.81%
2007	N/A	+5.52%
2006	N/A	+11.55%
2005	N/A	+4.15%
2004	N/A	-4.83%
2003	N/A	+8.59%
2002	N/A	+0.07%

FIXD vs NEA Drawdown Comparison

The maximum drawdown for FIXD was -20.44%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for NEA was -43.81%, occurring on Oct 10, 2008. Recovery took 405 trading sessions.

The current FIXD drawdown is -3.38%. The current NEA drawdown is -4.75%.

Rank	FIXD	NEA
#1	-20.44% Aug 4, 2021 - Oct 20, 2022	-43.81% Feb 12, 2008 - Sep 21, 2009
#2	-8.51% Mar 9, 2020 - May 22, 2020	-36.56% Sep 15, 2021 - Oct 23, 2023
#3	-3.22% Jan 4, 2021 - Jul 19, 2021	-25.03% Mar 6, 2020 - Aug 10, 2020
#4	-3.17% Sep 5, 2017 - Jan 3, 2019	-23.18% Nov 30, 2012 - Jan 7, 2015
#5	-2.11% Sep 4, 2019 - Oct 4, 2019	-18.08% Sep 10, 2010 - Dec 2, 2011
#6	-1.53% Oct 4, 2019 - Dec 13, 2019	-16.44% Mar 5, 2004 - Jun 29, 2005
#7	-1.52% Feb 24, 2017 - Apr 11, 2017	-12.37% Jul 8, 2016 - Mar 7, 2019
#8	-1.47% Jun 23, 2017 - Aug 24, 2017	-12.29% Feb 12, 2007 - Jan 15, 2008
#9	-1.29% Aug 6, 2020 - Dec 29, 2020	-10.90% Jul 28, 2005 - Jul 12, 2006
#10	-0.77% Jul 3, 2019 - Aug 1, 2019	-10.61% Jul 14, 2003 - Dec 31, 2003
#11	-0.73% Mar 28, 2019 - May 7, 2019	-9.23% Feb 2, 2015 - Dec 24, 2015
#12	-0.72% Jun 6, 2017 - Jun 22, 2017	-9.15% Oct 7, 2009 - Feb 2, 2010
#13	-0.57% Jan 31, 2020 - Feb 20, 2020	-6.54% Mar 12, 2012 - May 16, 2012
#14	-0.54% Dec 13, 2019 - Jan 2, 2020	-4.92% Jan 27, 2021 - Apr 13, 2021
#15	-0.48% Feb 26, 2019 - Mar 7, 2019	-4.73% Nov 30, 2006 - Feb 12, 2007

Correlation

Correlation between FIXD and NEA is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2003 - 2026)

FIXD vs NEA dividend yield comparison.

Year	FIXD	NEA
2026	1.51%	2.34%
2025	4.50%	7.36%
2024	4.56%	6.63%
2023	3.93%	3.95%
2022	3.07%	5.49%
2021	1.74%	4.50%
2020	3.14%	4.45%
2019	5.10%	4.46%
2018	2.81%	5.40%
2017	1.95%	5.33%
2016	0.00%	5.70%
2015	0.00%	5.71%
2014	0.00%	5.95%
2013	0.00%	6.24%
2012	0.00%	5.65%
2011	0.00%	5.64%
2010	0.00%	6.09%
2009	0.00%	5.37%
2008	0.00%	6.81%
2007	0.00%	4.93%
2006	0.00%	5.10%
2005	0.00%	5.93%
2004	0.00%	6.81%
2003	0.00%	6.11%