NVG vs AAAU

Comparison between Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF) and Goldman Sachs Physical Gold ETF (AAAU, ETF).

5-Year PerformanceAAAU has outperformed NVG, delivering a return of +20.6% compared to -0.1%

NVG vs AAAU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NVG(ETF)	AAAU(ETF)
Net Assets	$2.70B	$2.80B
Expense Ratio	N/A	0.18%
Max Drawdown	47.81%	21.63%
Sharpe Ratio	1.04	1.26
5Y Beta	0.22	0.18
5Y Dividends CAGR	2.97%	N/A

Net Assets

NVG

$2.70B

Winner

AAAU

$2.80B

Expense Ratio

NVG

N/A

AAAU

0.18%

Max Drawdown

NVG

47.81%

Winner

AAAU

21.63%

Sharpe Ratio

NVG

1.04

Winner

AAAU

1.26

5Y Beta

NVG

0.22

Winner

AAAU

0.18

5Y Dividends CAGR

NVG

2.97%

AAAU

N/A

NVG vs AAAU - Historical Returns

Returns include dividend reinvestment.

Period	NVG	AAAU
1 month	+1.82%	-0.10%
3 months	-1.70%	-7.05%
6 months	+6.10%	+17.92%
1 year	+14.58%	+42.67%
5 years(CAGR)	-0.13%	+20.65%
10 years(CAGR)	+3.80%	N/A
Max(CAGR)	+5.34%	+19.52%

Winner

NVG

+1.82%

AAAU

-0.10%

Winner

NVG

-1.70%

AAAU

-7.05%

NVG

+6.10%

Winner

AAAU

+17.92%

NVG

+14.58%

Winner

AAAU

+42.67%

5Y(CAGR)

NVG

-0.13%

Winner

AAAU

+20.65%

10Y(CAGR)

NVG

+3.80%

AAAU

N/A

Max(CAGR)

NVG

+5.34%

Winner

AAAU

+19.52%

NVG vs AAAU - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	NVG	AAAU
2026	+3.13%	+9.02%
2025	+9.98%	+61.88%
2024	+9.69%	+27.23%
2023	+0.11%	+12.03%
2022	-27.85%	+1.01%
2021	+13.29%	-6.05%
2020	+6.38%	+24.20%
2019	+23.79%	+16.09%
2018	-4.20%	+9.20%
2017	+12.94%	N/A
2016	+5.52%	N/A
2015	+8.10%	N/A
2014	+19.22%	N/A
2013	-15.57%	N/A
2012	+8.01%	N/A
2011	+17.91%	N/A
2010	+1.39%	N/A
2009	+30.55%	N/A
2008	-10.71%	N/A
2007	-6.77%	N/A
2006	+12.48%	N/A
2005	+6.29%	N/A
2004	-0.25%	N/A
2003	+8.76%	N/A
2002	+1.41%	N/A

NVG vs AAAU Drawdown Comparison

The maximum drawdown for NVG was -41.66%, occurring on Oct 10, 2008. Recovery took 577 trading sessions.

The maximum drawdown for AAAU was -21.63%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.

The current NVG drawdown is -6.94%. The current AAAU drawdown is -12.43%.

Rank	NVG	AAAU
#1	-41.66% May 11, 2007 - Aug 25, 2009	-21.63% Aug 6, 2020 - Dec 27, 2023
#2	-40.57% Dec 31, 2021 - Oct 25, 2023	-19.13% Jan 29, 2026 - Mar 26, 2026
#3	-26.56% Mar 3, 2020 - Dec 3, 2020	-12.43% Mar 9, 2020 - Apr 9, 2020
#4	-23.03% Nov 30, 2012 - Jan 13, 2015	-10.06% Oct 20, 2025 - Dec 22, 2025
#5	-16.64% Mar 10, 2004 - Feb 3, 2005	-8.12% Oct 30, 2024 - Jan 30, 2025
#6	-15.58% Aug 27, 2010 - Sep 9, 2011	-7.11% Apr 21, 2025 - Jun 13, 2025
#7	-13.96% Aug 12, 2016 - Aug 1, 2017	-6.51% Sep 4, 2019 - Jan 6, 2020
#8	-11.44% Jun 17, 2003 - Jan 12, 2004	-5.73% May 20, 2024 - Jul 16, 2024
#9	-10.73% Jan 8, 2018 - Mar 4, 2019	-5.20% Feb 19, 2019 - Jun 13, 2019
#10	-8.56% Oct 7, 2002 - Mar 11, 2003	-5.01% Feb 24, 2020 - Mar 5, 2020
#11	-8.50% Feb 3, 2005 - May 31, 2005	-4.85% Dec 26, 2025 - Jan 12, 2026
#12	-7.72% Sep 1, 2021 - Dec 31, 2021	-4.78% Jun 13, 2025 - Aug 29, 2025
#13	-6.58% Feb 8, 2012 - May 11, 2012	-4.66% Mar 31, 2025 - Apr 10, 2025
#14	-6.50% Feb 2, 2015 - Dec 11, 2015	-4.36% Jul 16, 2024 - Aug 12, 2024
#15	-6.41% Apr 28, 2006 - Jul 31, 2006	-4.30% Dec 27, 2023 - Mar 1, 2024