NAN vs NMI
NAN vs NMI
Nuveen New York Quality Municipal Income Fund vs Nuveen Municipal Income Fund Inc.
Quick Verdict
NMI has a lower expense ratio. NMI delivered stronger 1-year returns. NMI offers more diversification with 95 holdings.
Side-by-Side Comparison
| Metric | NAN | NMI | Winner |
|---|---|---|---|
| Expense Ratio | 3.77% | 0.73% | |
| AUM | - | - | |
| Dividend Yield | 7.50% | 4.57% | |
| Holdings | 162 | 220 | |
| YTD Return | - | +11.08% | |
| 1Y Return | - | +14.95% | |
| 3Y Return (annualized) | - | +9.79% | |
| 5Y Return (annualized) | - | +2.16% | |
| Volatility (annualized) | - | 11.0% | |
| Max Drawdown | - | -34.4% | |
| Fund Family | Nuveen | Nuveen | |
| Category | Tax Preferred | Tax Preferred | |
| Inception | May 26, 1999 | Apr 20, 1988 |
NAN vs NMI Performance
Nuveen New York Quality Municipal Income Fund (NAN) is a ETF from Nuveen and Nuveen Municipal Income Fund Inc. (NMI) is a ETF from Nuveen.
Fees and Cost Over Time
NAN charges 3.77% per year while NMI charges 0.73%. On a $10,000 position that is $377 vs $73 annually, a gap of $304 per year that compounds over a long holding period. On income, NAN currently yields 7.50% against 4.57% for NMI.
Holdings Overlap
NAN and NMI share 9 holdings out of 165 unique holdings combined, representing a 5.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NAN | Weight in NMI | Difference |
|---|---|---|---|
| PR PRCGEN 5 07/01/20 | 6.09% | 0.84% | 5.25% |
| NY MTATRN 5.25 11/15 | 3.23% | 0.28% | 2.95% |
| NY NYTTRN 5.5 12/31/ | 2.06% | 1.30% | 0.76% |
| NY NYCDEV 5 11/15/20 | Pro | Pro | Pro |
| NY TSA 5 06/01/2048 | Pro | Pro | Pro |
| NY NYTTRN 6 04/01/20 | Pro | Pro | Pro |
| NY NYTTRN 5.5 06/30/ | Pro | Pro | Pro |
| PR PRCGEN 0 07/01/20 | Pro | Pro | Pro |
| NY NYTTRN 6 06/30/20 | Pro | Pro | Pro |
See all 9 holdings NAN shares with NMI Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, NAN or NMI?
NAN has an expense ratio of 3.77% while NMI charges 0.73%. NMI is the cheaper option. On a $10,000 investment, that is $304 per year of difference.
What is the holdings overlap between NAN and NMI?
NAN and NMI share 9 common holdings with a 5.6% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, NAN or NMI?
NAN yields 7.50% while NMI yields 4.57%, so NAN currently pays the higher dividend yield.
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