Asset Comparison and Correlation

Assuming 30 trading days horizon, S&P 500 is expected to generate 1.24 times more return on investment than Nuveen. However, SP 500 is 1.24 times more volatile than Nuveen Municipal Value Fund Inc. It trades about 0.35 of its potential returns per unit of risk. Nuveen Municipal Value Fund Inc is currently generating about -0.02 per unit of risk. If you would invest  158,516  in S&P 500 on April 24, 2013 and sell it today you would earn a total of  6,535  from holding S&P 500 or generate 4.12% return on investment over 30 days.