Western Asset Emerging Markets Debt Fund (EMD) vs Nuveen California AMT-Free Quality Municipal Income Fund (NKX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
On valuation, Western Asset Emerging Markets Debt Fund trades at a lower trailing P/E (5.9x vs 24.0x for Nuveen California AMT-Free Quality Municipal Income Fund). Western Asset Emerging Markets Debt Fund offers the higher dividend yield (12.34% vs 8.82%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | EMD | NKX |
|---|---|---|
| Share price | $9.24 | $10.34 |
| Market cap | — | $582.19M |
| 1-day change | +0.22% | -0.82% |
| P/E ratio (TTM) | 5.89 | 24.03 |
| EPS (TTM) | $1.57 | $0.43 |
| Dividend yield | 12.34% | 8.82% |
| Annual dividend | $1.14 | $0.912 |
| 52-week high | $11.30 | $13.20 |
| 52-week low | $9.10 | $10.30 |
| Distance from 52-week high | -18.23% | -21.70% |
| Average volume | 197.59K | 208.78K |
| Shares outstanding | — | 56.33M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
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
- Nuveen California AMT-Free Quality Municipal Income Fund trades at a higher earnings multiple (24.0x vs 5.9x trailing P/E).
- Western Asset Emerging Markets Debt Fund offers a meaningfully higher dividend yield (12.34% vs 8.82%).
About Nuveen California AMT-Free Quality Municipal Income Fund
NKX stock →Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC.
Finance · Finance/Investors Services
EMD vs NKX FAQ
Which has the lower P/E ratio, EMD or NKX?
EMD has the lower trailing P/E at 5.9, versus 24.0 for NKX. 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, Western Asset Emerging Markets Debt Fund or Nuveen California AMT-Free Quality Municipal Income Fund?
Western Asset Emerging Markets Debt Fund has the higher yield at 12.34%, compared with 8.82% for Nuveen California AMT-Free Quality Municipal Income Fund.
Are Western Asset Emerging Markets Debt Fund and Nuveen California AMT-Free Quality Municipal Income Fund in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.