NVG vs AOA

Comparison between Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF) and iShares Core Aggressive Allocation ETF (AOA, ETF).

5-Year PerformanceAOA has outperformed NVG, delivering a return of +9.0% compared to -0.1%

NVG vs AOA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NVG(ETF)	AOA(ETF)
Net Assets	$2.70B	$2.80B
Expense Ratio	N/A	0.15%
Max Drawdown	47.81%	28.38%
Sharpe Ratio	1.04	2.02
5Y Beta	0.22	0.71
5Y Dividends CAGR	2.97%	15.17%

Net Assets

NVG

$2.70B

Winner

AOA

$2.80B

Expense Ratio

NVG

N/A

AOA

0.15%

Max Drawdown

NVG

47.81%

Winner

AOA

28.38%

Sharpe Ratio

NVG

1.04

Winner

AOA

2.02

5Y Beta

Winner

NVG

0.22

AOA

0.71

5Y Dividends CAGR

NVG

2.97%

Winner

AOA

15.17%

NVG vs AOA - Historical Returns

Returns include dividend reinvestment.

Period	NVG	AOA
1 month	+1.82%	+5.74%
3 months	-1.70%	+4.21%
6 months	+6.10%	+10.82%
1 year	+14.58%	+27.55%
5 years(CAGR)	-0.13%	+8.97%
10 years(CAGR)	+3.80%	+10.63%
Max(CAGR)	+5.34%	+10.53%

NVG

+1.82%

Winner

AOA

+5.74%

NVG

-1.70%

Winner

AOA

+4.21%

NVG

+6.10%

Winner

AOA

+10.82%

NVG

+14.58%

Winner

AOA

+27.55%

5Y(CAGR)

NVG

-0.13%

Winner

AOA

+8.97%

10Y(CAGR)

NVG

+3.80%

Winner

AOA

+10.63%

Max(CAGR)

NVG

+5.34%

Winner

AOA

+10.53%

NVG vs AOA - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	NVG	AOA
2026	+3.13%	+7.76%
2025	+9.98%	+19.99%
2024	+9.69%	+14.32%
2023	+0.11%	+18.04%
2022	-27.85%	-16.54%
2021	+13.29%	+15.99%
2020	+6.38%	+11.88%
2019	+23.79%	+22.58%
2018	-4.20%	-8.43%
2017	+12.94%	+19.48%
2016	+5.52%	+9.03%
2015	+8.10%	-0.97%
2014	+19.22%	+7.12%
2013	-15.57%	+20.51%
2012	+8.01%	+13.52%
2011	+17.91%	-2.65%
2010	+1.39%	+14.90%
2009	+30.55%	+23.86%
2008	-10.71%	-2.55%
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 AOA Drawdown Comparison

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

The maximum drawdown for AOA was -28.38%, occurring on Mar 23, 2020. Recovery took 134 trading sessions.

The current NVG drawdown is -6.94%.

Rank	NVG	AOA
#1	-41.66% May 11, 2007 - Aug 25, 2009	-28.38% Feb 12, 2020 - Aug 24, 2020
#2	-40.57% Dec 31, 2021 - Oct 25, 2023	-24.37% Nov 11, 2008 - May 6, 2009
#3	-26.56% Mar 3, 2020 - Dec 3, 2020	-23.62% Jan 4, 2022 - Feb 7, 2024
#4	-23.03% Nov 30, 2012 - Jan 13, 2015	-20.16% Apr 29, 2011 - Mar 13, 2012
#5	-16.64% Mar 10, 2004 - Feb 3, 2005	-16.11% Jan 26, 2018 - Jul 2, 2019
#6	-15.58% Aug 27, 2010 - Sep 9, 2011	-15.03% May 21, 2015 - Aug 11, 2016
#7	-13.96% Aug 12, 2016 - Aug 1, 2017	-13.98% Apr 14, 2010 - Oct 13, 2010
#8	-11.44% Jun 17, 2003 - Jan 12, 2004	-12.94% Feb 18, 2025 - May 15, 2025
#9	-10.73% Jan 8, 2018 - Mar 4, 2019	-9.16% Apr 2, 2012 - Sep 6, 2012
#10	-8.56% Oct 7, 2002 - Mar 11, 2003	-8.35% Jan 14, 2010 - Mar 9, 2010
#11	-8.50% Feb 3, 2005 - May 31, 2005	-8.20% Feb 25, 2026 - Apr 17, 2026
#12	-7.72% Sep 1, 2021 - Dec 31, 2021	-7.36% Sep 5, 2014 - Nov 24, 2014
#13	-6.58% Feb 8, 2012 - May 11, 2012	-6.88% Jun 2, 2009 - Jul 20, 2009
#14	-6.50% Feb 2, 2015 - Dec 11, 2015	-6.58% May 21, 2013 - Jul 22, 2013
#15	-6.41% Apr 28, 2006 - Jul 31, 2006	-6.25% Sep 2, 2020 - Nov 9, 2020

Correlation

Correlation between NVG and AOA is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2002 - 2026)

NVG vs AOA dividend yield comparison.

Year	NVG	AOA
2026	2.48%	0.29%
2025	7.49%	2.18%
2024	6.74%	2.30%
2023	4.45%	2.22%
2022	6.18%	2.10%
2021	4.69%	1.67%
2020	5.24%	1.71%
2019	4.94%	2.50%
2018	6.07%	2.37%
2017	5.67%	5.09%
2016	6.17%	2.26%
2015	5.46%	2.15%
2014	5.84%	2.18%
2013	5.71%	1.84%
2012	6.13%	2.18%
2011	5.99%	2.21%
2010	6.20%	1.63%
2009	5.24%	2.04%
2008	6.11%	0.71%
2007	5.44%	0.00%
2006	5.59%	0.00%
2005	6.18%	0.00%
2004	7.45%	0.00%
2003	6.59%	0.00%
2002	2.26%	0.00%