NZF vs IBDW

Comparison between Nuveen Municipal Credit Income Fund (NZF, ETF) and ISHARES IBONDS DEC 2031 TERM CORPORATE ETF (IBDW, ETF).

5-Year PerformanceIBDW has outperformed NZF, delivering a return of +0.5% compared to -0.1%

NZF vs IBDW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NZF(ETF)	IBDW(ETF)
Net Assets	$2.40B	$2.40B
Expense Ratio	N/A	0.10%
Max Drawdown	53.68%	26.72%
Sharpe Ratio	1.11	0.27
5Y Beta	0.25	0.06
5Y Dividends CAGR	4.07%	N/A

Net Assets

NZF

$2.40B

IBDW

$2.40B

Expense Ratio

NZF

N/A

IBDW

0.10%

Max Drawdown

NZF

53.68%

Winner

IBDW

26.72%

Sharpe Ratio

Winner

NZF

1.11

IBDW

0.27

5Y Beta

NZF

0.25

Winner

IBDW

0.06

5Y Dividends CAGR

NZF

4.07%

IBDW

N/A

NZF vs IBDW - Historical Returns

Returns include dividend reinvestment.

Period	NZF	IBDW
1 month	+3.08%	+0.40%
3 months	+5.08%	+0.74%
6 months	+4.93%	+0.45%
1 year	+15.92%	+4.46%
5 years(CAGR)	-0.06%	+0.46%
10 years(CAGR)	+3.69%	N/A
Max(CAGR)	+5.45%	+0.46%

Winner

NZF

+3.08%

IBDW

+0.40%

Winner

NZF

+5.08%

IBDW

+0.74%

Winner

NZF

+4.93%

IBDW

+0.45%

Winner

NZF

+15.92%

IBDW

+4.46%

5Y(CAGR)

NZF

-0.06%

Winner

IBDW

+0.46%

10Y(CAGR)

NZF

+3.69%

IBDW

N/A

Max(CAGR)

Winner

NZF

+5.45%

IBDW

+0.46%

NZF vs IBDW - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	NZF	IBDW
2026	+3.76%	+0.19%
2025	+10.22%	+8.86%
2024	+9.27%	+3.60%
2023	+0.81%	+8.47%
2022	-25.42%	-16.41%
2021	+12.24%	+0.36%
2020	+4.20%	N/A
2019	+25.44%	N/A
2018	-6.42%	N/A
2017	+13.98%	N/A
2016	+4.29%	N/A
2015	+9.73%	N/A
2014	+17.83%	N/A
2013	-14.78%	N/A
2012	+9.39%	N/A
2011	+18.65%	N/A
2010	+5.85%	N/A
2009	+35.91%	N/A
2008	-22.21%	N/A
2007	-10.97%	N/A
2006	+14.46%	N/A
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 IBDW Drawdown Comparison

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

The maximum drawdown for IBDW was -23.88%, occurring on Oct 20, 2022. Recovery took 1132 trading sessions.

The current NZF drawdown is -2.96%. The current IBDW drawdown is -1.11%.

Rank	NZF	IBDW
#1	-48.48% Dec 27, 2006 - Sep 8, 2009	-23.88% Aug 3, 2021 - Feb 5, 2026
#2	-37.40% Nov 9, 2021 - Oct 25, 2023	-2.42% Feb 23, 2026 - Mar 26, 2026
#3	-29.81% Feb 21, 2020 - Dec 31, 2020	-0.79% Jul 8, 2021 - Jul 19, 2021
#4	-24.09% Nov 23, 2012 - Jan 30, 2015	-0.59% Jul 19, 2021 - Jul 28, 2021
#5	-15.42% Sep 1, 2010 - Sep 12, 2011	-0.19% Jul 28, 2021 - Aug 2, 2021
#6	-15.12% Mar 9, 2004 - Nov 3, 2004	-0.19% Jun 30, 2021 - Jul 2, 2021
#7	-13.69% Jul 8, 2016 - Jul 28, 2017	-0.17% Jun 24, 2021 - Jun 28, 2021
#8	-10.58% Sep 10, 2018 - Feb 27, 2019	-0.12% Feb 10, 2026 - Feb 12, 2026
#9	-10.37% Oct 3, 2001 - Aug 29, 2002	-0.07% Feb 17, 2026 - Feb 23, 2026
#10	-8.44% Oct 7, 2002 - Apr 21, 2003	N/A
#11	-8.36% Jun 12, 2003 - Jan 7, 2004	N/A
#12	-8.23% Sep 6, 2005 - Jan 5, 2006	N/A
#13	-8.01% Dec 7, 2017 - Sep 5, 2018	N/A
#14	-7.98% Oct 7, 2009 - Jan 29, 2010	N/A
#15	-7.16% Feb 2, 2015 - Dec 8, 2015	N/A

Correlation

Correlation between NZF and IBDW is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2001 - 2026)

NZF vs IBDW dividend yield comparison.

Year	NZF	IBDW
2026	3.78%	1.98%
2025	7.58%	4.78%
2024	6.84%	5.00%
2023	4.51%	4.50%
2022	5.80%	3.70%
2021	4.63%	1.10%
2020	4.74%	0.00%
2019	4.82%	0.00%
2018	6.05%	0.00%
2017	5.86%	0.00%
2016	6.26%	0.00%
2015	5.50%	0.00%
2014	5.32%	0.00%
2013	5.88%	0.00%
2012	5.73%	0.00%
2011	6.39%	0.00%
2010	7.37%	0.00%
2009	6.33%	0.00%
2008	7.81%	0.00%
2007	6.05%	0.00%
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%