Blackrock MuniAssets Fund (MUA) vs Nuveen Churchill Direct Lending (NCDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Blackrock MuniAssets Fund (MUA) has outperformed Nuveen Churchill Direct Lending (NCDL) over the past year, losing 13.1% versus a loss of 18.8%. Blackrock MuniAssets Fund is the larger company by market cap ($626.4 million vs $533.9 million), about 1.2 times the size. On valuation, Blackrock MuniAssets Fund trades at a lower trailing P/E (9.3x vs 11.4x for Nuveen Churchill Direct Lending).
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 | MUA | NCDL |
|---|---|---|
| Share price | $9.33 | $10.81 |
| Market cap | $626.41M | $533.87M |
| 1-day change | +1.08% | -0.73% |
| YTD return | -12.89% | -18.97% |
| 1-year return | -13.13% | -18.78% |
| 5-year return | -37.68% | — |
| P/E ratio (TTM) | 9.33 | 11.38 |
| Forward P/E | — | 7.04 |
| EPS (TTM) | $1.00 | $0.95 |
| Dividend yield | 7.09% | 14.06% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $11.26 | $15.07 |
| 52-week low | $9.13 | $10.54 |
| Distance from 52-week high | -17.14% | -28.27% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +26.73% |
| Average volume | 383.17K | 199.96K |
| Shares outstanding | 67.14M | 49.39M |
| 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
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (14.06% vs 7.09%).
About Blackrock MuniAssets Fund
MUA stock →BlackRock MuniAssets Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc.
Financial Services · Asset Management
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
MUA vs NCDL FAQ
Which is bigger, Blackrock MuniAssets Fund or Nuveen Churchill Direct Lending?
Blackrock MuniAssets Fund (MUA) is larger, with a market capitalization of $626.41M compared with $533.87M for Nuveen Churchill Direct Lending (NCDL).
Which stock has performed better over the past year, MUA or NCDL?
MUA returned -13.13% over the past 12 months, compared with -18.78% for NCDL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MUA or NCDL?
MUA has the lower trailing P/E at 9.3, versus 11.4 for NCDL. 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, Blackrock MuniAssets Fund or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending has the higher yield at 14.06%, compared with 7.09% for Blackrock MuniAssets Fund.
Are Blackrock MuniAssets Fund and Nuveen Churchill Direct Lending in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.