AAAU vs NAD

Comparison between Goldman Sachs Physical Gold ETF (AAAU, ETF) and Nuveen Quality Municipal Income Fund (NAD, ETF).

5-Year PerformanceAAAU has outperformed NAD, delivering a return of +20.6% compared to +0.6%

AAAU vs NAD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAAU(ETF)	NAD(ETF)
Net Assets	$2.80B	$2.80B
Expense Ratio	0.18%	N/A
Max Drawdown	21.63%	51.92%
Sharpe Ratio	1.26	0.86
5Y Beta	0.18	0.22
5Y Dividends CAGR	N/A	6.06%

Net Assets

AAAU

$2.80B

NAD

$2.80B

Expense Ratio

AAAU

0.18%

NAD

N/A

Max Drawdown

Winner

AAAU

21.63%

NAD

51.92%

Sharpe Ratio

Winner

AAAU

1.26

NAD

0.86

5Y Beta

Winner

AAAU

0.18

NAD

0.22

5Y Dividends CAGR

AAAU

N/A

NAD

6.06%

AAAU vs NAD - Historical Returns

Returns include dividend reinvestment.

Period	AAAU	NAD
1 month	-0.10%	+1.45%
3 months	-7.05%	-0.23%
6 months	+17.92%	+4.80%
1 year	+42.67%	+12.84%
5 years(CAGR)	+20.65%	+0.58%
10 years(CAGR)	N/A	+2.72%
Max(CAGR)	+19.52%	+5.41%

AAAU

-0.10%

Winner

NAD

+1.45%

AAAU

-7.05%

Winner

NAD

-0.23%

Winner

AAAU

+17.92%

NAD

+4.80%

Winner

AAAU

+42.67%

NAD

+12.84%

5Y(CAGR)

Winner

AAAU

+20.65%

NAD

+0.58%

10Y(CAGR)

AAAU

N/A

NAD

+2.72%

Max(CAGR)

Winner

AAAU

+19.52%

NAD

+5.41%

AAAU vs NAD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AAAU	NAD
2026	+9.02%	+1.69%
2025	+61.88%	+9.76%
2024	+27.23%	+8.94%
2023	+12.03%	-0.28%
2022	+1.01%	-22.45%
2021	-6.05%	+10.21%
2020	+24.20%	+10.73%
2019	+16.09%	+20.11%
2018	+9.20%	-5.76%
2017	N/A	+5.98%
2016	N/A	+2.05%
2015	N/A	+7.80%
2014	N/A	+19.78%
2013	N/A	-15.11%
2012	N/A	+12.07%
2011	N/A	+21.18%
2010	N/A	+1.99%
2009	N/A	+38.25%
2008	N/A	-21.38%
2007	N/A	-10.97%
2006	N/A	+13.53%
2005	N/A	+4.63%
2004	N/A	+2.48%
2003	N/A	+11.63%
2002	N/A	+9.42%
2001	N/A	+7.43%
2000	N/A	+15.65%
1999	N/A	-11.78%

AAAU vs NAD Drawdown Comparison

The maximum drawdown for AAAU was -21.63%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.

The maximum drawdown for NAD was -44.61%, occurring on Oct 10, 2008. Recovery took 663 trading sessions.

The current AAAU drawdown is -12.43%. The current NAD drawdown is -4.31%.

Rank	AAAU	NAD
#1	-21.63% Aug 6, 2020 - Dec 27, 2023	-44.61% Jan 22, 2007 - Sep 8, 2009
#2	-19.13% Jan 29, 2026 - Mar 26, 2026	-35.57% Sep 15, 2021 - Oct 25, 2023
#3	-12.43% Mar 9, 2020 - Apr 9, 2020	-25.39% Mar 6, 2020 - Nov 16, 2020
#4	-10.06% Oct 20, 2025 - Dec 22, 2025	-21.47% Nov 30, 2012 - Dec 4, 2014
#5	-8.12% Oct 30, 2024 - Jan 30, 2025	-18.90% Sep 1, 2010 - Nov 22, 2011
#6	-7.11% Apr 21, 2025 - Jun 13, 2025	-17.47% Mar 9, 2004 - Jun 7, 2005
#7	-6.51% Sep 4, 2019 - Jan 6, 2020	-15.78% Nov 2, 1999 - Dec 8, 2000
#8	-5.73% May 20, 2024 - Jul 16, 2024	-15.38% Aug 12, 2016 - May 13, 2019
#9	-5.20% Feb 19, 2019 - Jun 13, 2019	-10.12% Jun 17, 2003 - Jan 7, 2004
#10	-5.01% Feb 24, 2020 - Mar 5, 2020	-9.48% Nov 6, 2001 - Jun 7, 2002
#11	-4.85% Dec 26, 2025 - Jan 12, 2026	-9.39% Oct 4, 2002 - May 1, 2003
#12	-4.78% Jun 13, 2025 - Aug 29, 2025	-8.80% Sep 9, 2005 - Aug 17, 2006
#13	-4.66% Mar 31, 2025 - Apr 10, 2025	-8.02% Oct 8, 2009 - Feb 1, 2010
#14	-4.36% Jul 16, 2024 - Aug 12, 2024	-6.14% Jan 30, 2015 - Nov 3, 2015
#15	-4.30% Dec 27, 2023 - Mar 1, 2024	-5.87% Mar 1, 2012 - May 3, 2012