NRK vs VOO
Nuveen New York AMT-Free Quality Municipal Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | NRK | VOO | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.03% | |
| AUM | - | $997.4B | |
| Dividend Yield | 7.86% | 1.08% | |
| Holdings | 230 | 509 | |
| YTD Return | +10.06% | +14.27% | |
| 1Y Return | +20.37% | +21.79% | |
| 3Y Return (annualized) | +9.20% | +22.19% | |
| 5Y Return (annualized) | -0.08% | +13.28% | |
| Volatility (annualized) | 12.2% | 14.2% | |
| Max Drawdown | -46.4% | -34.3% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 21, 2002 | Sep 7, 2010 |
NRK vs VOO Performance
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) is a ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NRK returned +20.37% while VOO returned +21.79%. Year to date, NRK is up 10.06% versus a gain of 14.27% for VOO.
Over three years, NRK compounded at +9.20% per year against +22.19% for VOO; over five years the annualized figures are -0.08% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.59% annualized vs -0.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.2% for NRK. 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 -46.4% for NRK and -34.3% for VOO. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NRK and VOO share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, NRK or VOO?
Over the past year NRK returned +20.37% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), NRK annualized -0.13% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, NRK or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.2% for NRK. Worst drawdown: NRK -46.4% vs VOO -34.3%.
Should I hold both NRK and VOO?
NRK and VOO have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NRK and VOO?
NRK and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, NRK or VOO?
NRK yields 7.86% while VOO yields 1.08%, so NRK currently pays the higher dividend yield.
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