IBDW vs NZF

Comparison between ISHARES IBONDS DEC 2031 TERM CORPORATE ETF (IBDW, ETF) and Nuveen Municipal Credit Income Fund (NZF, ETF).

5-Year PerformanceIBDW has outperformed NZF, delivering a return of +0.4% compared to +0.0%

IBDW vs NZF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBDW(ETF)	NZF(ETF)
Net Assets	$2.40B	$2.40B
Expense Ratio	0.10%	N/A
Max Drawdown	26.72%	53.68%
Sharpe Ratio	0.25	1.01
5Y Beta	0.06	0.25
5Y Dividends CAGR	N/A	5.84%

Net Assets

IBDW

$2.40B

NZF

$2.40B

Expense Ratio

IBDW

0.10%

NZF

N/A

Max Drawdown

Winner

IBDW

26.72%

NZF

53.68%

Sharpe Ratio

IBDW

0.25

Winner

NZF

1.01

5Y Beta

Winner

IBDW

0.06

NZF

0.25

5Y Dividends CAGR

IBDW

N/A

NZF

5.84%

IBDW vs NZF - Historical Returns

Returns include dividend reinvestment.

Period	IBDW	NZF
1 month	-0.37%	+0.80%
3 months	-1.00%	+0.72%
6 months	+0.16%	+2.54%
1 year	+4.89%	+14.54%
5 years(CAGR)	+0.38%	+0.01%
10 years(CAGR)	N/A	+3.66%
Max(CAGR)	+0.38%	+5.42%

IBDW

-0.37%

Winner

NZF

+0.80%

IBDW

-1.00%

Winner

NZF

+0.72%

IBDW

+0.16%

Winner

NZF

+2.54%

IBDW

+4.89%

Winner

NZF

+14.54%

5Y(CAGR)

Winner

IBDW

+0.38%

NZF

+0.01%

10Y(CAGR)

IBDW

N/A

NZF

+3.66%

Max(CAGR)

IBDW

+0.38%

Winner

NZF

+5.42%

IBDW vs NZF - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	IBDW	NZF
2026	-0.22%	+2.70%
2025	+8.86%	+10.22%
2024	+3.60%	+9.27%
2023	+8.47%	+0.81%
2022	-16.41%	-25.42%
2021	+0.36%	+12.24%
2020	N/A	+4.20%
2019	N/A	+25.44%
2018	N/A	-6.42%
2017	N/A	+13.98%
2016	N/A	+4.29%
2015	N/A	+9.73%
2014	N/A	+17.83%
2013	N/A	-14.78%
2012	N/A	+9.39%
2011	N/A	+18.65%
2010	N/A	+5.85%
2009	N/A	+35.91%
2008	N/A	-22.21%
2007	N/A	-10.97%
2006	N/A	+14.46%
2005	N/A	+11.74%
2004	N/A	+6.26%
2003	N/A	+12.36%
2002	N/A	+5.43%
2001	N/A	-9.18%

IBDW vs NZF Drawdown Comparison

The maximum drawdown for IBDW was -23.88%, occurring on Oct 20, 2022. Recovery took 1132 trading sessions.

The maximum drawdown for NZF was -48.48%, occurring on Oct 10, 2008. Recovery took 678 trading sessions.

The current IBDW drawdown is -1.51%. The current NZF drawdown is -3.95%.

Rank	IBDW	NZF
#1	-23.88% Aug 3, 2021 - Feb 5, 2026	-48.48% Dec 27, 2006 - Sep 8, 2009
#2	-2.42% Feb 23, 2026 - Mar 26, 2026	-37.40% Nov 9, 2021 - Oct 25, 2023
#3	-0.79% Jul 8, 2021 - Jul 19, 2021	-29.81% Feb 21, 2020 - Dec 31, 2020
#4	-0.59% Jul 19, 2021 - Jul 28, 2021	-24.09% Nov 23, 2012 - Jan 30, 2015
#5	-0.19% Jul 28, 2021 - Aug 2, 2021	-15.42% Sep 1, 2010 - Sep 12, 2011
#6	-0.19% Jun 30, 2021 - Jul 2, 2021	-15.12% Mar 9, 2004 - Nov 3, 2004
#7	-0.17% Jun 24, 2021 - Jun 28, 2021	-13.69% Jul 8, 2016 - Jul 28, 2017
#8	-0.12% Feb 10, 2026 - Feb 12, 2026	-10.58% Sep 10, 2018 - Feb 27, 2019
#9	-0.07% Feb 17, 2026 - Feb 23, 2026	-10.37% Oct 3, 2001 - Aug 29, 2002
#10	N/A	-8.44% Oct 7, 2002 - Apr 21, 2003
#11	N/A	-8.36% Jun 12, 2003 - Jan 7, 2004
#12	N/A	-8.23% Sep 6, 2005 - Jan 5, 2006
#13	N/A	-8.01% Dec 7, 2017 - Sep 5, 2018
#14	N/A	-7.98% Oct 7, 2009 - Jan 29, 2010
#15	N/A	-7.16% Feb 2, 2015 - Dec 8, 2015

Correlation

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

0.94

-101

Dividend Comparison (2001 - 2026)

IBDW vs NZF dividend yield comparison.

Year	IBDW	NZF
2026	1.99%	3.16%
2025	4.78%	7.58%
2024	5.00%	6.84%
2023	4.50%	4.51%
2022	3.70%	5.80%
2021	1.10%	4.63%
2020	0.00%	4.74%
2019	0.00%	4.82%
2018	0.00%	6.05%
2017	0.00%	5.86%
2016	0.00%	6.26%
2015	0.00%	5.50%
2014	0.00%	5.32%
2013	0.00%	5.88%
2012	0.00%	5.73%
2011	0.00%	6.39%
2010	0.00%	7.37%
2009	0.00%	6.33%
2008	0.00%	7.81%
2007	0.00%	6.05%
2006	0.00%	5.66%
2005	0.00%	6.38%
2004	0.00%	6.81%
2003	0.00%	6.58%
2002	0.00%	6.65%
2001	0.00%	1.11%