Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +1.69% | -0.15% | -8.46% | -8.90% | -7.76% | -8.27% | +0.64% | -4.88% | -2.53% | -0.74% |
| Market-price total return | +2.07% | +0.22% | -7.47% | -6.97% | -4.52% | -4.41% | +4.77% | -1.01% | +1.45% | +3.80% |
| NAV return | +1.44% | -1.74% | -5.81% | -5.81% | -6.25% | -6.37% | -0.90% | -4.07% | -1.99% | -0.09% |
| NAV total return | +1.44% | -1.74% | -5.18% | -4.26% | -3.47% | -2.97% | +2.74% | -0.52% | +1.80% | +4.35% |
Performance through Oct 15, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.10% | 0.04% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.09% | 0.05% | as above |
| Volatility, 5 years | 0.11% | 0.05% | as above |
| Maximum drawdown, 3 years | -10.74% | -7.57% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.11 | -0.31 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.16 | -0.41 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.05 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.51 | — | as above |
| Observations (3y) | 752 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Nuveen AMT-Free Municipal Value Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.