AOD vs NMI
Abrdn Total Dynamic Dividend Fund vs Nuveen Municipal Income Fund Inc.
Quick Verdict
NMI has a lower expense ratio. AOD delivered stronger 1-year returns. NMI offers more diversification with 95 holdings.
Side-by-Side Comparison
| Metric | AOD | NMI | Winner |
|---|---|---|---|
| Expense Ratio | 1.16% | 0.73% | |
| AUM | $1.0B | - | |
| Dividend Yield | 11.72% | 4.57% | |
| Holdings | 86 | 220 | |
| YTD Return | +18.70% | +10.41% | |
| 1Y Return | +33.40% | +14.14% | |
| 3Y Return (annualized) | +23.21% | +9.57% | |
| 5Y Return (annualized) | +11.26% | +1.91% | |
| Volatility (annualized) | 21.9% | 11.0% | |
| Max Drawdown | -88.1% | -34.4% | |
| Fund Family | Aberdeen | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | Jan 26, 2007 | Apr 20, 1988 |
AOD vs NMI Performance
Abrdn Total Dynamic Dividend Fund (AOD) is a ETF from Aberdeen and Nuveen Municipal Income Fund Inc. (NMI) is a ETF from Nuveen. Over the past year AOD returned +33.40% while NMI returned +14.14%. Year to date, AOD is up 18.70% versus a gain of 10.41% for NMI.
Over three years, AOD compounded at +23.21% per year against +9.57% for NMI; over five years the annualized figures are +11.26% and +1.91% respectively. Across the full 20-year window we track, NMI has the edge at +0.36% annualized vs -4.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AOD has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 11.0% for NMI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.1% for AOD and -34.4% for NMI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AOD charges 1.16% per year while NMI charges 0.73%. On a $10,000 position that is $116 vs $73 annually, a gap of $43 per year that compounds over a long holding period. On income, AOD currently yields 11.72% against 4.57% for NMI.
Holdings Overlap
AOD and NMI share 0 holdings out of 180 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AOD or NMI?
AOD has an expense ratio of 1.16% while NMI charges 0.73%. NMI is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, AOD or NMI?
Over the past year AOD returned +33.40% vs +14.14% for NMI, so AOD leads on 1-year performance. Over the longest common window we track (20 years), AOD annualized -4.02% vs +0.36% for NMI. Past performance does not guarantee future results.
Which is riskier, AOD or NMI?
AOD has been the more volatile fund at 21.9% annualized versus 11.0% for NMI. Worst drawdown: AOD -88.1% vs NMI -34.4%.
Should I hold both AOD and NMI?
AOD and NMI have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOD and NMI?
AOD and NMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 180 unique securities.
Which pays a higher dividend, AOD or NMI?
AOD yields 11.72% while NMI yields 4.57%, so AOD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.