NVG vs CWI
Comparison between Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF) and STATE STREET(R) SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF).
5-Year PerformanceCWI has outperformed NVG, delivering a return of +8.1% compared to -0.6%
NVG vs CWI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NVG vs CWI - Historical Returns
Returns include dividend reinvestment.
NVG vs CWI - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | NVG | CWI |
|---|---|---|
| 2026 | +2.32% | +8.43% |
| 2025 | +9.98% | +32.76% |
| 2024 | +9.69% | +7.58% |
| 2023 | +0.11% | +15.05% |
| 2022 | -27.85% | -15.80% |
| 2021 | +13.29% | +8.00% |
| 2020 | +6.38% | +8.58% |
| 2019 | +23.79% | +22.09% |
| 2018 | -4.20% | -14.65% |
| 2017 | +12.94% | +25.95% |
| 2016 | +5.52% | +6.67% |
| 2015 | +8.10% | -4.94% |
| 2014 | +19.22% | -1.28% |
| 2013 | -15.57% | +12.22% |
| 2012 | +8.01% | +13.69% |
| 2011 | +17.91% | -14.44% |
| 2010 | +1.39% | +8.51% |
| 2009 | +30.55% | +35.42% |
| 2008 | -10.71% | -41.96% |
| 2007 | -6.77% | +15.36% |
| 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 CWI Drawdown Comparison
The maximum drawdown for NVG was -41.66%, occurring on Oct 10, 2008. Recovery took 577 trading sessions.
The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.
The current NVG drawdown is -7.67%. The current CWI drawdown is -4.42%.
| Rank | NVG | CWI |
|---|---|---|
| #1 | -41.66% May 11, 2007 - Aug 25, 2009 | -60.77% Oct 31, 2007 - Jun 18, 2014 |
| #2 | -40.57% Dec 31, 2021 - Oct 25, 2023 | -34.64% Jan 26, 2018 - Nov 13, 2020 |
| #3 | -26.56% Mar 3, 2020 - Dec 3, 2020 | -29.42% Jun 14, 2021 - May 9, 2024 |
| #4 | -23.03% Nov 30, 2012 - Jan 13, 2015 | -25.24% Jul 3, 2014 - May 5, 2017 |
| #5 | -16.64% Mar 10, 2004 - Feb 3, 2005 | -13.85% Mar 19, 2025 - May 2, 2025 |
| #6 | -15.58% Aug 27, 2010 - Sep 9, 2011 | -12.72% Jul 13, 2007 - Oct 1, 2007 |
| #7 | -13.96% Aug 12, 2016 - Aug 1, 2017 | -11.47% Feb 25, 2026 - May 6, 2026 |
| #8 | -11.44% Jun 17, 2003 - Jan 12, 2004 | -9.50% Sep 26, 2024 - Mar 17, 2025 |
| #9 | -10.73% Jan 8, 2018 - Mar 4, 2019 | -8.03% Jul 12, 2024 - Aug 23, 2024 |
| #10 | -8.56% Oct 7, 2002 - Mar 11, 2003 | -7.91% Feb 26, 2007 - Apr 3, 2007 |
| #11 | -8.50% Feb 3, 2005 - May 31, 2005 | -4.96% Nov 12, 2025 - Dec 10, 2025 |
| #12 | -7.72% Sep 1, 2021 - Dec 31, 2021 | -4.92% Feb 16, 2021 - Apr 15, 2021 |
| #13 | -6.58% Feb 8, 2012 - May 11, 2012 | -4.58% Jan 21, 2021 - Feb 9, 2021 |
| #14 | -6.50% Feb 2, 2015 - Dec 11, 2015 | -4.42% Jun 2, 2026 - Jun 5, 2026 |
| #15 | -6.41% Apr 28, 2006 - Jul 31, 2006 | -4.21% Jul 23, 2025 - Aug 13, 2025 |
Correlation
Correlation between NVG and CWI is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2002 - 2026)
NVG vs CWI dividend yield comparison.
| Year | NVG | CWI |
|---|---|---|
| 2026 | 3.14% | 1.21% |
| 2025 | 7.49% | 2.97% |
| 2024 | 6.74% | 2.89% |
| 2023 | 4.45% | 2.80% |
| 2022 | 6.18% | 3.17% |
| 2021 | 4.69% | 2.65% |
| 2020 | 5.24% | 2.07% |
| 2019 | 4.94% | 3.05% |
| 2018 | 6.07% | 2.81% |
| 2017 | 5.67% | 2.29% |
| 2016 | 6.17% | 2.45% |
| 2015 | 5.46% | 2.62% |
| 2014 | 5.84% | 3.21% |
| 2013 | 5.71% | 2.69% |
| 2012 | 6.13% | 3.15% |
| 2011 | 5.99% | 2.98% |
| 2010 | 6.20% | 2.31% |
| 2009 | 5.24% | 2.20% |
| 2008 | 6.11% | 2.17% |
| 2007 | 5.44% | 2.01% |
| 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% |
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