AVEE vs NMI
Comparison between AVANTIS EMERGING MARKETS SMALL CAP EQUITY ETF (AVEE, ETF) and Nuveen Municipal Income Fund (NMI, ETF).
AVEE vs NMI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AVEE
$121M
NMI
$120M
Expense Ratio
AVEE
0.42%
NMI
N/A
Max Drawdown
Winner
AVEE
22.06%
NMI
37.13%
Sharpe Ratio
AVEE
0.41
Winner
NMI
0.69
5Y Beta
AVEE
0.72
Winner
NMI
0.08
5Y Dividends CAGR
AVEE
N/A
NMI
4.68%
AVEE vs NMI - Historical Returns
Returns include dividend reinvestment.
1M
AVEE
-7.83%
Winner
NMI
+3.22%
3M
AVEE
-4.40%
Winner
NMI
-0.96%
6M
AVEE
+2.45%
Winner
NMI
+10.12%
1Y
AVEE
+9.54%
Winner
NMI
+14.60%
5Y(CAGR)
AVEE
N/A
NMI
+2.52%
10Y(CAGR)
AVEE
N/A
NMI
+2.19%
Max(CAGR)
Winner
AVEE
+13.57%
NMI
+4.82%
AVEE vs NMI - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | AVEE | NMI |
|---|---|---|
| 2026 | +5.14% | +11.31% |
| 2025 | +20.11% | +9.47% |
| 2024 | +4.45% | +6.56% |
| 2023 | +7.28% | -1.27% |
| 2022 | N/A | -15.15% |
| 2021 | N/A | +4.22% |
| 2020 | N/A | +4.89% |
| 2019 | N/A | +14.75% |
| 2018 | N/A | -8.06% |
| 2017 | N/A | +7.78% |
| 2016 | N/A | -3.15% |
| 2015 | N/A | +5.68% |
| 2014 | N/A | +23.72% |
| 2013 | N/A | -13.55% |
| 2012 | N/A | +10.45% |
| 2011 | N/A | +18.12% |
| 2010 | N/A | -0.83% |
| 2009 | N/A | +18.46% |
| 2008 | N/A | -4.73% |
| 2007 | N/A | +3.15% |
| 2006 | N/A | +8.62% |
| 2005 | N/A | +10.00% |
| 2004 | N/A | +8.28% |
| 2003 | N/A | +2.33% |
| 2002 | N/A | -3.31% |
| 2001 | N/A | +0.15% |
| 2000 | N/A | +16.51% |
| 1999 | N/A | -3.48% |
AVEE vs NMI Drawdown Comparison
The maximum drawdown for AVEE was -20.21%, occurring on Apr 8, 2025. Recovery took 170 trading sessions.
The maximum drawdown for NMI was -28.92%, occurring on Oct 24, 2022. Recovery took 890 trading sessions.
The current AVEE drawdown is -8.78%. The current NMI drawdown is -2.72%.
| Rank | AVEE | NMI |
|---|---|---|
| #1 | -20.21% Oct 2, 2024 - Jun 9, 2025 | -28.92% Dec 21, 2021 - Jul 11, 2025 |
| #2 | -10.65% Feb 25, 2026 - Apr 17, 2026 | -22.57% Mar 13, 2013 - Dec 11, 2014 |
| #3 | -10.38% May 8, 2026 - Jul 20, 2026 | -20.89% May 30, 2008 - Apr 27, 2009 |
| #4 | -9.69% Jul 12, 2024 - Sep 24, 2024 | -19.97% Mar 5, 2020 - Mar 30, 2020 |
| #5 | -6.35% Dec 29, 2023 - Apr 2, 2024 | -18.02% Apr 7, 2017 - Aug 15, 2019 |
| #6 | -5.76% Sep 22, 2025 - Jan 15, 2026 | -17.54% Aug 29, 2001 - May 20, 2003 |
| #7 | -4.95% Apr 9, 2024 - Apr 29, 2024 | -16.27% Oct 11, 2016 - Apr 7, 2017 |
| #8 | -4.06% May 17, 2024 - Jul 5, 2024 | -15.15% Nov 5, 2010 - Sep 30, 2011 |
| #9 | -3.41% Jun 12, 2025 - Jun 26, 2025 | -13.50% Mar 19, 2004 - Jan 24, 2005 |
| #10 | -3.34% Jul 23, 2025 - Aug 18, 2025 | -13.10% Mar 30, 2020 - Aug 31, 2020 |
| #11 | -2.51% Dec 1, 2023 - Dec 14, 2023 | -12.93% May 6, 2015 - Dec 22, 2015 |
| #12 | -2.33% Jan 28, 2026 - Feb 9, 2026 | -11.67% May 22, 2003 - Mar 19, 2004 |
| #13 | -2.29% Apr 22, 2026 - May 5, 2026 | -11.64% Nov 8, 1999 - Feb 16, 2000 |
| #14 | -1.87% Jul 3, 2025 - Jul 16, 2025 | -11.23% Aug 19, 2005 - Nov 30, 2006 |
| #15 | -1.71% Apr 17, 2026 - Apr 22, 2026 | -10.96% Apr 21, 2026 - Jun 10, 2026 |
Correlation
Correlation between AVEE and NMI is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (1999 - 2026)
AVEE vs NMI dividend yield comparison.
| Year | AVEE | NMI |
|---|---|---|
| 2026 | 0.76% | 2.46% |
| 2025 | 2.25% | 4.59% |
| 2024 | 3.26% | 4.63% |
| 2023 | 0.39% | 4.04% |
| 2022 | 0.00% | 3.51% |
| 2021 | 0.00% | 3.22% |
| 2020 | 0.00% | 3.53% |
| 2019 | 0.00% | 4.15% |
| 2018 | 0.00% | 5.12% |
| 2017 | 0.00% | 4.21% |
| 2016 | 0.00% | 4.45% |
| 2015 | 0.00% | 4.28% |
| 2014 | 0.00% | 4.53% |
| 2013 | 0.00% | 5.68% |
| 2012 | 0.00% | 4.31% |
| 2011 | 0.00% | 4.94% |
| 2010 | 0.00% | 5.51% |
| 2009 | 0.00% | 4.95% |
| 2008 | 0.00% | 5.31% |
| 2007 | 0.00% | 4.85% |
| 2006 | 0.00% | 4.80% |
| 2005 | 0.00% | 5.14% |
| 2004 | 0.00% | 5.38% |
| 2003 | 0.00% | 5.95% |
| 2002 | 0.00% | 6.08% |
| 2001 | 0.00% | 6.28% |
| 2000 | 0.00% | 6.13% |
| 1999 | 0.00% | 1.14% |
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