abrdn Emerging Markets ex-China Fund (AEF) vs Nuveen Municipal Credit Opportunities Fund (NMCO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
abrdn Emerging Markets ex-China Fund (AEF) has outperformed Nuveen Municipal Credit Opportunities Fund (NMCO) over the past year, gaining 45.5% versus a loss of 20.8%. Over five years, AEF leads with a +12.1% price change compared with -43.7% for NMCO. Nuveen Municipal Credit Opportunities Fund is the larger company by market cap ($490.0 million vs $384.5 million), about 1.3 times the size.
On valuation, abrdn Emerging Markets ex-China Fund trades at a lower trailing P/E (2.0x vs 17.8x for Nuveen Municipal Credit Opportunities Fund). Nuveen Municipal Credit Opportunities Fund offers the higher dividend yield (9.61% vs 8.34%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AEF | NMCO |
|---|---|---|
| Share price | $9.47 | $8.55 |
| Market cap | $384.50M | $489.98M |
| 1-day change | -1.87% | -1.27% |
| YTD return | +35.29% | -16.42% |
| 1-year return | +45.47% | -20.76% |
| 5-year return | +12.07% | -43.75% |
| P/E ratio (TTM) | 2.00 | 17.81 |
| EPS (TTM) | $4.74 | $0.48 |
| Dividend yield | 8.34% | 9.61% |
| Annual dividend | $0.79 | $0.822 |
| 52-week high | $10.14 | $11.00 |
| 52-week low | $6.26 | $8.43 |
| Distance from 52-week high | -6.61% | -22.27% |
| Average volume | 101.79K | 402.86K |
| Shares outstanding | 40.60M | 57.31M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AEF has outperformed NMCO by 66.2 percentage points over the past year.
- Nuveen Municipal Credit Opportunities Fund trades at a higher earnings multiple (17.8x vs 2.0x trailing P/E).
- Nuveen Municipal Credit Opportunities Fund offers a meaningfully higher dividend yield (9.61% vs 8.34%).
About abrdn Emerging Markets ex-China Fund
AEF stock →abrdn Emerging Markets ex-China Fund, Inc. is a closed ended equity mutual fund and managed by Aberdeen Asset Managers Limited.
Financial Services · Asset Management
AEF vs NMCO FAQ
Which is bigger, abrdn Emerging Markets ex-China Fund or Nuveen Municipal Credit Opportunities Fund?
Nuveen Municipal Credit Opportunities Fund (NMCO) is larger, with a market capitalization of $489.98M compared with $384.50M for abrdn Emerging Markets ex-China Fund (AEF).
Which stock has performed better over the past year, AEF or NMCO?
AEF returned +45.47% over the past 12 months, compared with -20.76% for NMCO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AEF or NMCO?
AEF has the lower trailing P/E at 2.0, versus 17.8 for NMCO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, abrdn Emerging Markets ex-China Fund or Nuveen Municipal Credit Opportunities Fund?
Nuveen Municipal Credit Opportunities Fund has the higher yield at 9.61%, compared with 8.34% for abrdn Emerging Markets ex-China Fund.
Are abrdn Emerging Markets ex-China Fund and Nuveen Municipal Credit Opportunities Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.