BSMQ vs NCA

Comparison between INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF (BSMQ, ETF) and Nuveen California Municipal Value Fund. (NCA, ETF).

5-Year PerformanceNCA has outperformed BSMQ, delivering a return of +1.2% compared to +0.3%

BSMQ vs NCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BSMQ(ETF)	NCA(ETF)
Net Assets	$304M	$304M
Expense Ratio	0.18%	N/A
Max Drawdown	13.32%	31.70%
Sharpe Ratio	-0.56	0.77
5Y Beta	0.02	0.15
5Y Dividends CAGR	14.20%	3.62%

Net Assets

BSMQ

$304M

Winner

NCA

$304M

Expense Ratio

BSMQ

0.18%

NCA

N/A

Max Drawdown

Winner

BSMQ

13.32%

NCA

31.70%

Sharpe Ratio

BSMQ

-0.56

Winner

NCA

0.77

5Y Beta

Winner

BSMQ

0.02

NCA

0.15

5Y Dividends CAGR

Winner

BSMQ

14.20%

NCA

3.62%

BSMQ vs NCA - Historical Returns

Returns include dividend reinvestment.

Period	BSMQ	NCA
1 month	+0.11%	-0.01%
3 months	+0.09%	-0.28%
6 months	+1.11%	+6.68%
1 year	+2.78%	+12.67%
5 years(CAGR)	+0.29%	+1.17%
10 years(CAGR)	N/A	+2.02%
Max(CAGR)	+1.17%	+4.90%

Winner

BSMQ

+0.11%

NCA

-0.01%

Winner

BSMQ

+0.09%

NCA

-0.28%

BSMQ

+1.11%

Winner

NCA

+6.68%

BSMQ

+2.78%

Winner

NCA

+12.67%

5Y(CAGR)

BSMQ

+0.29%

Winner

NCA

+1.17%

10Y(CAGR)

BSMQ

N/A

NCA

+2.02%

Max(CAGR)

BSMQ

+1.17%

Winner

NCA

+4.90%

BSMQ vs NCA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BSMQ	NCA
2026	+0.79%	+3.85%
2025	+2.81%	+10.13%
2024	+2.05%	-0.80%
2023	+3.36%	+8.96%
2022	-7.56%	-13.22%
2021	+0.85%	-2.16%
2020	+5.15%	+4.73%
2019	+0.24%	+19.52%
2018	N/A	-7.83%
2017	N/A	+1.75%
2016	N/A	+0.41%
2015	N/A	+8.06%
2014	N/A	+19.53%
2013	N/A	-5.95%
2012	N/A	+10.54%
2011	N/A	+16.12%
2010	N/A	+0.45%
2009	N/A	+10.05%
2008	N/A	-3.00%
2007	N/A	-5.56%
2006	N/A	+12.17%
2005	N/A	+9.35%
2004	N/A	+6.39%
2003	N/A	+3.67%
2002	N/A	+1.42%
2001	N/A	+11.60%
2000	N/A	+21.02%
1999	N/A	-8.03%

BSMQ vs NCA Drawdown Comparison

The maximum drawdown for BSMQ was -13.18%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The maximum drawdown for NCA was -23.58%, occurring on Oct 10, 2008. Recovery took 580 trading sessions.

The current BSMQ drawdown is -0.11%. The current NCA drawdown is -4.95%.

Rank	BSMQ	NCA
#1	-13.18% Mar 9, 2020 - Nov 19, 2020	-23.58% May 15, 2007 - Sep 1, 2009
#2	-11.50% Jul 19, 2021 - Dec 31, 2025	-22.97% Sep 16, 2021 - Jan 7, 2026
#3	-1.99% Feb 11, 2021 - Jun 8, 2021	-19.28% Mar 3, 2020 - Sep 14, 2020
#4	-0.87% Oct 21, 2019 - Dec 3, 2019	-14.95% Jan 24, 2013 - Apr 25, 2014
#5	-0.81% Jun 11, 2021 - Jul 19, 2021	-14.28% Sep 2, 2010 - Nov 9, 2011
#6	-0.37% Jan 31, 2020 - Feb 18, 2020	-13.49% Sep 22, 2016 - Jul 9, 2019
#7	-0.31% Jan 5, 2021 - Jan 25, 2021	-13.48% Nov 2, 1999 - Mar 30, 2000
#8	-0.25% Mar 5, 2026 - Apr 2, 2026	-12.31% Jun 26, 2003 - Feb 12, 2004
#9	-0.24% Mar 2, 2020 - Mar 9, 2020	-12.29% Feb 17, 2004 - Nov 16, 2004
#10	-0.24% May 13, 2026 - May 29, 2026	-10.28% Sep 30, 2002 - Jun 12, 2003
#11	-0.24% Apr 9, 2026 - May 13, 2026	-9.19% Jan 20, 2021 - Jul 29, 2021
#12	-0.23% Jan 26, 2026 - Feb 24, 2026	-8.33% Mar 30, 2000 - Jun 9, 2000
#13	-0.20% Dec 13, 2019 - Jan 2, 2020	-7.94% Mar 7, 2001 - Jul 23, 2001
#14	-0.17% Nov 30, 2020 - Dec 7, 2020	-7.88% Mar 1, 2012 - May 4, 2012
#15	-0.16% Nov 24, 2020 - Nov 30, 2020	-7.72% Aug 10, 2000 - Jan 4, 2001

Correlation

Correlation between BSMQ and NCA is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

BSMQ vs NCA dividend yield comparison.

Year	BSMQ	NCA
2026	1.16%	1.61%
2025	2.74%	3.89%
2024	2.75%	4.12%
2023	2.47%	3.88%
2022	1.60%	3.66%
2021	1.14%	3.02%
2020	1.57%	2.98%
2019	0.44%	3.21%
2018	0.00%	3.79%
2017	0.00%	5.33%
2016	0.00%	4.36%
2015	0.00%	4.34%
2014	0.00%	4.45%
2013	0.00%	5.11%
2012	0.00%	4.69%
2011	0.00%	4.81%
2010	0.00%	5.32%
2009	0.00%	5.03%
2008	0.00%	6.90%
2007	0.00%	5.13%
2006	0.00%	4.78%
2005	0.00%	5.39%
2004	0.00%	6.01%
2003	0.00%	5.97%
2002	0.00%	5.49%
2001	0.00%	5.17%
2000	0.00%	2.31%