NUW vs LQDW
Comparison between Nuveen AMT-Free Municipal Value Fund (NUW, ETF) and ISHARES INVESTMENT GRADE CORPORATE BOND BUYWRITE STRATEGY ETF (LQDW, ETF).
NUW vs LQDW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NUW
$269M
Winner
LQDW
$269M
Expense Ratio
NUW
N/A
LQDW
0.34%
Max Drawdown
Winner
NUW
35.85%
LQDW
40.79%
Sharpe Ratio
NUW
0.45
Winner
LQDW
0.68
5Y Beta
NUW
0.13
Winner
LQDW
0.11
5Y Dividends CAGR
NUW
6.14%
LQDW
N/A
NUW vs LQDW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NUW
+0.06%
LQDW
-0.01%
3M
NUW
-2.34%
Winner
LQDW
-0.14%
6M
NUW
-0.79%
Winner
LQDW
+1.40%
1Y
Winner
NUW
+6.73%
LQDW
+6.09%
5Y(CAGR)
NUW
-0.23%
LQDW
N/A
10Y(CAGR)
NUW
+1.25%
LQDW
N/A
Max(CAGR)
Winner
NUW
+4.07%
LQDW
+2.40%
NUW vs LQDW - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | NUW | LQDW |
|---|---|---|
| 2026 | -1.27% | +0.84% |
| 2025 | +9.41% | +8.83% |
| 2024 | +3.29% | +2.88% |
| 2023 | +2.95% | +3.37% |
| 2022 | -15.89% | -6.78% |
| 2021 | +5.31% | N/A |
| 2020 | +4.40% | N/A |
| 2019 | +12.76% | N/A |
| 2018 | -9.84% | N/A |
| 2017 | +11.83% | N/A |
| 2016 | -4.32% | N/A |
| 2015 | +6.71% | N/A |
| 2014 | +20.77% | N/A |
| 2013 | -11.59% | N/A |
| 2012 | +7.03% | N/A |
| 2011 | +19.47% | N/A |
| 2010 | +2.75% | N/A |
| 2009 | +9.28% | N/A |
NUW vs LQDW Drawdown Comparison
The maximum drawdown for NUW was -26.42%, occurring on Mar 18, 2020. Recovery took 468 trading sessions.
The maximum drawdown for LQDW was -9.20%, occurring on Oct 20, 2022. Recovery took 496 trading sessions.
The current NUW drawdown is -4.39%. The current LQDW drawdown is -0.70%.
| Rank | NUW | LQDW |
|---|---|---|
| #1 | -26.42% Aug 21, 2019 - Jun 30, 2021 | -9.20% Aug 25, 2022 - Aug 16, 2024 |
| #2 | -22.58% Aug 26, 2021 - Oct 25, 2023 | -3.68% Oct 1, 2024 - Apr 1, 2025 |
| #3 | -21.56% Nov 26, 2012 - Dec 26, 2014 | -3.14% Apr 3, 2025 - May 15, 2025 |
| #4 | -19.59% Dec 15, 2017 - Jul 9, 2019 | -2.59% Feb 27, 2026 - Mar 13, 2026 |
| #5 | -17.70% Oct 6, 2010 - Oct 7, 2011 | -1.15% Oct 27, 2025 - Dec 18, 2025 |
| #6 | -17.00% Aug 23, 2016 - Dec 14, 2017 | -0.66% May 15, 2025 - May 27, 2025 |
| #7 | -10.55% Feb 28, 2012 - May 29, 2012 | -0.61% Jan 13, 2026 - Jan 23, 2026 |
| #8 | -8.61% Jan 22, 2015 - Nov 2, 2015 | -0.51% Aug 28, 2025 - Sep 4, 2025 |
| #9 | -6.02% Dec 28, 2015 - May 13, 2016 | -0.40% Sep 18, 2025 - Oct 1, 2025 |
| #10 | -4.75% Jul 12, 2019 - Aug 21, 2019 | -0.34% Oct 2, 2025 - Oct 10, 2025 |
| #11 | -4.68% Aug 6, 2012 - Sep 20, 2012 | -0.32% Jul 10, 2025 - Jul 17, 2025 |
| #12 | -4.07% Nov 1, 2012 - Nov 20, 2012 | -0.30% Jan 26, 2026 - Feb 6, 2026 |
| #13 | -3.99% Jul 1, 2016 - Jul 28, 2016 | -0.25% Sep 24, 2024 - Sep 27, 2024 |
| #14 | -3.72% May 29, 2012 - Jul 16, 2012 | -0.25% Aug 23, 2024 - Sep 4, 2024 |
| #15 | -3.47% Dec 4, 2015 - Dec 18, 2015 | -0.24% Jul 2, 2025 - Jul 10, 2025 |
Correlation
Correlation between NUW and LQDW is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2009 - 2026)
NUW vs LQDW dividend yield comparison.
| Year | NUW | LQDW |
|---|---|---|
| 2026 | 1.74% | 4.36% |
| 2025 | 4.07% | 16.02% |
| 2024 | 3.89% | 15.74% |
| 2023 | 3.58% | 19.28% |
| 2022 | 3.44% | 8.85% |
| 2021 | 3.98% | 0.00% |
| 2020 | 2.85% | 0.00% |
| 2019 | 3.87% | 0.00% |
| 2018 | 5.34% | 0.00% |
| 2017 | 5.33% | 0.00% |
| 2016 | 4.72% | 0.00% |
| 2015 | 4.45% | 0.00% |
| 2014 | 4.62% | 0.00% |
| 2013 | 5.90% | 0.00% |
| 2012 | 4.28% | 0.00% |
| 2011 | 5.17% | 0.00% |
| 2010 | 6.00% | 0.00% |
| 2009 | 3.86% | 0.00% |
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