Nuveen California AMT-Free Quality Municipal Income Fund (NKX) vs Western Asset Diversified Income Fund (WDI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Western Asset Diversified Income Fund is the larger company by market cap ($606.6 million vs $590.9 million), about 1.0 times the size. On valuation, Western Asset Diversified Income Fund trades at a lower trailing P/E (10.7x vs 24.4x for Nuveen California AMT-Free Quality Municipal Income Fund). Nuveen California AMT-Free Quality Municipal Income Fund pays a dividend yielding 8.69%, while Western Asset Diversified Income Fund does not currently pay one.
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 | NKX | WDI |
|---|---|---|
| Share price | $10.49 | $11.69 |
| Market cap | $590.93M | $606.59M |
| 1-day change | +0.87% | +0.04% |
| P/E ratio (TTM) | 24.40 | 10.72 |
| EPS (TTM) | $0.43 | $1.09 |
| Dividend yield | 8.69% | 15.26% |
| Annual dividend | $0.912 | $0.00 |
| 52-week high | $13.20 | $14.97 |
| 52-week low | $10.30 | $11.57 |
| Distance from 52-week high | -20.53% | -21.94% |
| Average volume | 215.11K | 278.21K |
| Shares outstanding | 56.33M | 51.91M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Trusts Except Educational Religious and Charitable |
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 (24.4x vs 10.7x trailing P/E).
- Western Asset Diversified Income Fund offers a meaningfully higher dividend yield (15.26% vs 8.69%).
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
NKX vs WDI FAQ
Which is bigger, Nuveen California AMT-Free Quality Municipal Income Fund or Western Asset Diversified Income Fund?
Western Asset Diversified Income Fund (WDI) is larger, with a market capitalization of $606.59M compared with $590.93M for Nuveen California AMT-Free Quality Municipal Income Fund (NKX).
Which has the lower P/E ratio, NKX or WDI?
WDI has the lower trailing P/E at 10.7, versus 24.4 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, Nuveen California AMT-Free Quality Municipal Income Fund or Western Asset Diversified Income Fund?
Western Asset Diversified Income Fund has the higher yield at 15.26%, compared with 8.69% for Nuveen California AMT-Free Quality Municipal Income Fund.
Are Nuveen California AMT-Free Quality Municipal Income Fund and Western Asset Diversified Income Fund in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for Nuveen California AMT-Free Quality Municipal Income Fund and Trusts Except Educational Religious and Charitable for Western Asset Diversified Income Fund.