NVG vs VXUS
Nuveen AMT-Free Municipal Credit Income Fund vs Vanguard Total International Stock ETF
Which is better, NVG or VXUS?
Municipal Bond against Large Cap Blend.
VXUS has a lower expense ratio. VXUS led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NVG | VXUS |
|---|---|---|
| Expense Ratio | 3.64% | 0.05%Best |
| AUM | - | $158.1B |
| Dividend Yield | 7.85% | 2.51% |
| Holdings | 1,103 | 8,747 |
| YTD Return | -3.47% | +13.64%Best |
| 1Y Return | +1.57% | +20.82%Best |
| 3Y Return (annualized) | +9.76% | +19.58%Best |
| 5Y Return (annualized) | -2.64% | +9.14%Best |
| Volatility (annualized) | 13.0%Best | 15.0% |
| Max Drawdown | -40.6% | -39.9%Best |
| $10,000 over 5 years | $8,748 | $15,485Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Mar 25, 2002 | Jan 26, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 28, 2011 to Sep 17, 2026 (15.6 years).
NVG vs VXUS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.6 years both funds cover.
NVG vs VXUS Performance
Nuveen AMT-Free Municipal Credit Income Fund (NVG) is an ETF from Nuveen and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year NVG returned +1.57% while VXUS returned +20.82%. Year to date, NVG is down 3.47% versus a gain of 13.64% for VXUS.
Over three years, NVG compounded at +9.76% per year against +19.58% for VXUS; over five years the annualized figures are -2.64% and +9.14% respectively. Across the full 16-year window we track, VXUS has the edge at +4.77% annualized vs +1.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 13.0% for NVG. 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 -40.6% for NVG and -39.9% for VXUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NVG charges 3.64% per year while VXUS charges 0.05%. On a $10,000 position that is $364 vs $5 annually, a gap of $359 per year that compounds over a long holding period. On income, NVG currently yields 7.85% against 2.51% for VXUS.
Holdings Overlap
We hold position weights for 354 holdings in NVG and 8,082 in VXUS, totalling 72.2% and 88.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 181 days apart, NVG as of Jan 31, 2026 and VXUS as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 354 positions we hold weights for in NVG and 8,082 in VXUS, against full books of 1,103 and 8,747.
You are not choosing between two funds in isolation.
Whichever of NVG and VXUS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NVG or VXUS?
NVG has an expense ratio of 3.64% while VXUS charges 0.05%. VXUS is the cheaper option, by $359 a year on a $10,000 investment.
Which performed better, NVG or VXUS?
Over the past year NVG returned +1.57% vs +20.82% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), NVG annualized +1.28% vs +4.77% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVG or VXUS?
VXUS has been the more volatile fund at 15.0% annualized versus 13.0% for NVG. Worst drawdown: NVG -40.6% vs VXUS -39.9%.
Should I hold both NVG and VXUS?
NVG and VXUS have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NVG or VXUS?
NVG yields 7.85% while VXUS yields 2.51%, so NVG currently pays the higher dividend yield.
Is VXUS better than NVG?
VXUS has a lower expense ratio. VXUS led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.