NZF vs ETY

Comparison between Nuveen Municipal Credit Income Fund (NZF, ETF) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF).

5-Year PerformanceETY has outperformed NZF, delivering a return of +9.4% compared to +0.0%

NZF vs ETY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NZF(ETF)	ETY(ETF)
Net Assets	$2.40B	$2.50B
Max Drawdown	53.68%	64.57%
Sharpe Ratio	1.01	0.11
5Y Beta	0.25	0.93
5Y Dividends CAGR	5.84%	4.98%

Net Assets

NZF

$2.40B

Winner

ETY

$2.50B

Max Drawdown

Winner

NZF

53.68%

ETY

64.57%

Sharpe Ratio

Winner

NZF

1.01

ETY

0.11

5Y Beta

Winner

NZF

0.25

ETY

0.93

5Y Dividends CAGR

Winner

NZF

5.84%

ETY

4.98%

NZF vs ETY - Historical Returns

Returns include dividend reinvestment.

Period	NZF	ETY
1 month	+0.80%	-2.69%
3 months	+0.72%	-0.20%
6 months	+2.54%	-3.80%
1 year	+14.54%	+4.41%
5 years(CAGR)	+0.01%	+9.40%
10 years(CAGR)	+3.66%	+12.34%
Max(CAGR)	+5.42%	+8.52%

Winner

NZF

+0.80%

ETY

-2.69%

Winner

NZF

+0.72%

ETY

-0.20%

Winner

NZF

+2.54%

ETY

-3.80%

Winner

NZF

+14.54%

ETY

+4.41%

5Y(CAGR)

NZF

+0.01%

Winner

ETY

+9.40%

10Y(CAGR)

NZF

+3.66%

Winner

ETY

+12.34%

Max(CAGR)

NZF

+5.42%

Winner

ETY

+8.52%

NZF vs ETY - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	NZF	ETY
2026	+2.70%	-1.99%
2025	+10.22%	+11.01%
2024	+9.27%	+35.10%
2023	+0.81%	+21.52%
2022	-25.42%	-20.72%
2021	+12.24%	+34.82%
2020	+4.20%	+6.29%
2019	+25.44%	+31.23%
2018	-6.42%	-10.18%
2017	+13.98%	+29.36%
2016	+4.29%	+4.62%
2015	+9.73%	+9.12%
2014	+17.83%	+12.87%
2013	-14.78%	+25.11%
2012	+9.39%	+16.30%
2011	+18.65%	-13.08%
2010	+5.85%	-2.81%
2009	+35.91%	+36.46%
2008	-22.21%	-25.83%
2007	-10.97%	-8.21%
2006	+14.46%	+0.25%
2005	+11.74%	N/A
2004	+6.26%	N/A
2003	+12.36%	N/A
2002	+5.43%	N/A
2001	-9.18%	N/A

NZF vs ETY Drawdown Comparison

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

The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.

The current NZF drawdown is -3.95%. The current ETY drawdown is -4.52%.

Rank	NZF	ETY
#1	-48.48% Dec 27, 2006 - Sep 8, 2009	-52.91% Jun 1, 2007 - Jan 18, 2013
#2	-37.40% Nov 9, 2021 - Oct 25, 2023	-42.40% Feb 12, 2020 - Nov 17, 2020
#3	-29.81% Feb 21, 2020 - Dec 31, 2020	-24.43% Sep 13, 2018 - Jun 20, 2019
#4	-24.09% Nov 23, 2012 - Jan 30, 2015	-24.03% Dec 31, 2021 - Feb 5, 2024
#5	-15.42% Sep 1, 2010 - Sep 12, 2011	-21.28% Feb 19, 2025 - Jun 25, 2025
#6	-15.12% Mar 9, 2004 - Nov 3, 2004	-14.39% Sep 22, 2025 - Mar 30, 2026
#7	-13.69% Jul 8, 2016 - Jul 28, 2017	-13.90% Nov 3, 2015 - Aug 5, 2016
#8	-10.58% Sep 10, 2018 - Feb 27, 2019	-12.52% Sep 3, 2014 - Nov 5, 2014
#9	-10.37% Oct 3, 2001 - Aug 29, 2002	-11.93% Jul 20, 2015 - Nov 3, 2015
#10	-8.44% Oct 7, 2002 - Apr 21, 2003	-8.97% Jan 26, 2018 - May 8, 2018
#11	-8.36% Jun 12, 2003 - Jan 7, 2004	-8.63% Sep 8, 2016 - Jan 26, 2017
#12	-8.23% Sep 6, 2005 - Jan 5, 2006	-8.09% May 21, 2013 - Jul 15, 2013
#13	-8.01% Dec 7, 2017 - Sep 5, 2018	-7.21% Jul 10, 2024 - Aug 30, 2024
#14	-7.98% Oct 7, 2009 - Jan 29, 2010	-6.77% Nov 28, 2014 - Feb 27, 2015
#15	-7.16% Feb 2, 2015 - Dec 8, 2015	-6.17% Jan 22, 2014 - Feb 18, 2014

Correlation

Correlation between NZF and ETY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2001 - 2026)

NZF vs ETY dividend yield comparison.

Year	NZF	ETY
2026	3.16%	3.43%
2025	7.58%	7.76%
2024	6.84%	7.59%
2023	4.51%	7.92%
2022	5.80%	10.04%
2021	4.63%	7.01%
2020	4.74%	8.26%
2019	4.82%	8.08%
2018	6.05%	9.92%
2017	5.86%	8.30%
2016	6.26%	9.77%
2015	5.50%	9.03%
2014	5.32%	9.06%
2013	5.88%	9.26%
2012	5.73%	11.19%
2011	6.39%	13.06%
2010	7.37%	14.35%
2009	6.33%	14.09%
2008	7.81%	17.11%
2007	6.05%	11.13%
2006	5.66%	0.00%
2005	6.38%	0.00%
2004	6.81%	0.00%
2003	6.58%	0.00%
2002	6.65%	0.00%
2001	1.11%	0.00%