Nuveen Churchill Direct Lending (NCDL) vs NXG NextGen Infrastructure Income Fund (NXG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
NXG NextGen Infrastructure Income Fund (NXG) has outperformed Nuveen Churchill Direct Lending (NCDL) over the past year, gaining 12.0% versus a loss of 20.3%. Nuveen Churchill Direct Lending is the larger company by market cap ($533.4 million vs $414.8 million), about 1.3 times the size. On valuation, NXG NextGen Infrastructure Income Fund trades at a lower trailing P/E (2.4x 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 | NCDL | NXG |
|---|---|---|
| Share price | $10.80 | $56.57 |
| Market cap | $533.38M | $414.79M |
| 1-day change | -0.83% | +0.97% |
| YTD return | -18.37% | +10.95% |
| 1-year return | -20.28% | +12.02% |
| 5-year return | — | +15.26% |
| P/E ratio (TTM) | 11.37 | 2.42 |
| Forward P/E | 7.03 | — |
| EPS (TTM) | $0.95 | $23.38 |
| Dividend yield | 13.96% | 12.85% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $15.07 | $65.78 |
| 52-week low | $10.54 | $47.10 |
| Distance from 52-week high | -28.33% | -14.00% |
| Analyst consensus | none | — |
| Avg. price target upside | +26.85% | — |
| Average volume | 199.96K | 90.98K |
| Shares outstanding | 49.39M | 7.33M |
| 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
- NXG has outperformed NCDL by 32.3 percentage points over the past year.
- Nuveen Churchill Direct Lending trades at a higher earnings multiple (11.4x vs 2.4x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (13.96% vs 12.85%).
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
About NXG NextGen Infrastructure Income Fund
NXG stock →NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.
Financial Services · Asset Management
NCDL vs NXG FAQ
Which is bigger, Nuveen Churchill Direct Lending or NXG NextGen Infrastructure Income Fund?
Nuveen Churchill Direct Lending (NCDL) is larger, with a market capitalization of $533.38M compared with $414.79M for NXG NextGen Infrastructure Income Fund (NXG).
Which stock has performed better over the past year, NCDL or NXG?
NXG returned +12.02% over the past 12 months, compared with -20.28% for NCDL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCDL or NXG?
NXG has the lower trailing P/E at 2.4, 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, Nuveen Churchill Direct Lending or NXG NextGen Infrastructure Income Fund?
Nuveen Churchill Direct Lending has the higher yield at 13.96%, compared with 12.85% for NXG NextGen Infrastructure Income Fund.
Are Nuveen Churchill Direct Lending and NXG NextGen Infrastructure Income Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.