FXL vs NVG
Comparison between FIRST TRUST TECHNOLOGY ALPHADEX FUND (FXL, ETF) and Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF).
5-Year PerformanceFXL has outperformed NVG, delivering a return of +11.0% compared to -1.7%
FXL vs NVG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FXL vs NVG - Historical Returns
Returns include dividend reinvestment.
FXL vs NVG - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | FXL | NVG |
|---|---|---|
| 2026 | +24.62% | +0.77% |
| 2025 | +12.98% | +9.98% |
| 2024 | +19.05% | +9.69% |
| 2023 | +40.65% | +0.11% |
| 2022 | -30.11% | -27.85% |
| 2021 | +20.26% | +13.29% |
| 2020 | +51.73% | +6.38% |
| 2019 | +39.55% | +23.79% |
| 2018 | +0.95% | -4.20% |
| 2017 | +35.18% | +12.94% |
| 2016 | +17.44% | +5.52% |
| 2015 | -3.02% | +8.10% |
| 2014 | +17.50% | +19.22% |
| 2013 | +33.71% | -15.57% |
| 2012 | +7.82% | +8.01% |
| 2011 | -12.72% | +17.91% |
| 2010 | +24.42% | +1.39% |
| 2009 | +60.38% | +30.55% |
| 2008 | -47.25% | -10.71% |
| 2007 | +3.84% | -6.77% |
| 2006 | N/A | +12.48% |
| 2005 | N/A | +6.29% |
| 2004 | N/A | -0.25% |
| 2003 | N/A | +8.76% |
| 2002 | N/A | +1.41% |
FXL vs NVG Drawdown Comparison
The maximum drawdown for FXL was -61.41%, occurring on Nov 20, 2008. Recovery took 799 trading sessions.
The maximum drawdown for NVG was -41.66%, occurring on Oct 10, 2008. Recovery took 577 trading sessions.
The current FXL drawdown is -6.25%. The current NVG drawdown is -9.07%.
| Rank | FXL | NVG |
|---|---|---|
| #1 | -61.41% Oct 10, 2007 - Dec 10, 2010 | -41.66% May 11, 2007 - Aug 25, 2009 |
| #2 | -38.49% Nov 9, 2021 - Feb 9, 2024 | -40.57% Dec 31, 2021 - Oct 25, 2023 |
| #3 | -33.96% Feb 19, 2020 - May 29, 2020 | -26.56% Mar 3, 2020 - Dec 3, 2020 |
| #4 | -31.96% Feb 17, 2011 - Jul 11, 2013 | -23.03% Nov 30, 2012 - Jan 13, 2015 |
| #5 | -28.27% Feb 18, 2025 - Jul 25, 2025 | -16.64% Mar 10, 2004 - Feb 3, 2005 |
| #6 | -25.96% Jun 3, 2015 - Nov 15, 2016 | -15.58% Aug 27, 2010 - Sep 9, 2011 |
| #7 | -25.37% Sep 14, 2018 - Mar 21, 2019 | -13.96% Aug 12, 2016 - Aug 1, 2017 |
| #8 | -15.54% Feb 12, 2021 - Jun 29, 2021 | -11.44% Jun 17, 2003 - Jan 12, 2004 |
| #9 | -15.21% Jun 2, 2026 - Aug 13, 2026 | -10.73% Jan 8, 2018 - Mar 4, 2019 |
| #10 | -14.06% Jul 16, 2024 - Oct 14, 2024 | -8.56% Oct 7, 2002 - Mar 11, 2003 |
| #11 | -13.69% Sep 18, 2014 - Nov 21, 2014 | -8.50% Feb 3, 2005 - May 31, 2005 |
| #12 | -13.56% Jan 28, 2026 - Apr 16, 2026 | -7.72% Sep 1, 2021 - Dec 31, 2021 |
| #13 | -11.93% Oct 27, 2025 - Jan 28, 2026 | -6.58% Feb 8, 2012 - May 11, 2012 |
| #14 | -11.68% Sep 2, 2020 - Oct 9, 2020 | -6.50% Feb 2, 2015 - Dec 11, 2015 |
| #15 | -11.60% Apr 30, 2019 - Jul 10, 2019 | -6.41% Apr 28, 2006 - Jul 31, 2006 |
Correlation
Correlation between FXL and NVG is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2002 - 2026)
FXL vs NVG dividend yield comparison.
| Year | FXL | NVG |
|---|---|---|
| 2026 | 0.00% | 5.20% |
| 2025 | 0.01% | 7.49% |
| 2024 | 0.11% | 6.74% |
| 2023 | 0.41% | 4.45% |
| 2022 | 0.34% | 6.18% |
| 2021 | 0.11% | 4.69% |
| 2020 | 0.04% | 5.24% |
| 2019 | 0.37% | 4.94% |
| 2018 | 0.32% | 6.07% |
| 2017 | 0.27% | 5.67% |
| 2016 | 1.12% | 6.17% |
| 2015 | 0.36% | 5.46% |
| 2014 | 0.63% | 5.84% |
| 2013 | 0.32% | 5.71% |
| 2012 | 0.64% | 6.13% |
| 2011 | 0.00% | 5.99% |
| 2010 | 0.03% | 6.20% |
| 2009 | 0.00% | 5.24% |
| 2008 | 0.00% | 6.11% |
| 2007 | 0.00% | 5.44% |
| 2006 | 0.00% | 5.59% |
| 2005 | 0.00% | 6.18% |
| 2004 | 0.00% | 7.45% |
| 2003 | 0.00% | 6.59% |
| 2002 | 0.00% | 2.26% |
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