NAZ vs VTI
Nuveen Arizona Quality Municipal Income Fund vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | NAZ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 3.72% | 0.03% | |
| AUM | - | $666.9B | |
| Dividend Yield | 6.94% | 1.07% | |
| Holdings | 219 | 3,543 | |
| YTD Return | +8.09% | +13.14% | |
| 1Y Return | +11.91% | +22.35% | |
| 3Y Return (annualized) | +13.11% | +21.83% | |
| 5Y Return (annualized) | +0.07% | +12.01% | |
| Volatility (annualized) | 12.3% | 15.3% | |
| Max Drawdown | -49.5% | -56.6% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 19, 1992 | May 24, 2001 |
NAZ vs VTI Performance
Nuveen Arizona Quality Municipal Income Fund (NAZ) is a ETF from Nuveen and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year NAZ returned +11.91% while VTI returned +22.35%. Year to date, NAZ is up 8.09% versus a gain of 13.14% for VTI.
Over three years, NAZ compounded at +13.11% per year against +21.83% for VTI; over five years the annualized figures are +0.07% and +12.01% respectively. Across the full 25-year window we track, VTI has the edge at +8.09% annualized vs +0.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.3% for NAZ. 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 -49.5% for NAZ and -56.6% for VTI. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NAZ charges 3.72% per year while VTI charges 0.03%. On a $10,000 position that is $372 vs $3 annually, a gap of $369 per year that compounds over a long holding period. On income, NAZ currently yields 6.94% against 1.07% for VTI.
Holdings Overlap
NAZ and VTI share 0 holdings out of 2826 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, NAZ or VTI?
NAZ has an expense ratio of 3.72% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $369 per year of difference.
Which performed better, NAZ or VTI?
Over the past year NAZ returned +11.91% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (25 years), NAZ annualized +0.65% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, NAZ or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 12.3% for NAZ. Worst drawdown: NAZ -49.5% vs VTI -56.6%.
Should I hold both NAZ and VTI?
NAZ and VTI have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NAZ and VTI?
NAZ and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2826 unique securities.
Which pays a higher dividend, NAZ or VTI?
NAZ yields 6.94% while VTI yields 1.07%, so NAZ currently pays the higher dividend yield.
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