BWG vs NAZ

Comparison between BrandywineGLOBAL - Global Income Opportunities Fund Inc (BWG, ETF) and Nuveen Arizona Quality Municipal Income Fund (NAZ, ETF).

5-Year PerformanceBWG has outperformed NAZ, delivering a return of +1.7% compared to +1.5%

BWG vs NAZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BWG(ETF)	NAZ(ETF)
Net Assets	$149M	$149M
Max Drawdown	67.84%	48.77%
Sharpe Ratio	0.53	1.55
5Y Beta	0.34	0.11
5Y Dividends CAGR	1.61%	8.31%

Net Assets

BWG

$149M

Winner

NAZ

$149M

Max Drawdown

BWG

67.84%

Winner

NAZ

48.77%

Sharpe Ratio

BWG

0.53

Winner

NAZ

1.55

5Y Beta

BWG

0.34

Winner

NAZ

0.11

5Y Dividends CAGR

BWG

1.61%

Winner

NAZ

8.31%

BWG vs NAZ - Historical Returns

Returns include dividend reinvestment.

Period	BWG	NAZ
1 month	-0.87%	+5.62%
3 months	+1.04%	+10.28%
6 months	-1.93%	+14.48%
1 year	+9.34%	+23.28%
5 years(CAGR)	+1.66%	+1.53%
10 years(CAGR)	+4.90%	+2.93%
Max(CAGR)	+3.07%	+4.54%

BWG

-0.87%

Winner

NAZ

+5.62%

BWG

+1.04%

Winner

NAZ

+10.28%

BWG

-1.93%

Winner

NAZ

+14.48%

BWG

+9.34%

Winner

NAZ

+23.28%

5Y(CAGR)

Winner

BWG

+1.66%

NAZ

+1.53%

10Y(CAGR)

Winner

BWG

+4.90%

NAZ

+2.93%

Max(CAGR)

BWG

+3.07%

Winner

NAZ

+4.54%

BWG vs NAZ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BWG	NAZ
2026	-1.46%	+15.00%
2025	+16.63%	+11.54%
2024	+8.11%	+12.88%
2023	+15.67%	-1.90%
2022	-21.86%	-27.11%
2021	+2.00%	+5.02%
2020	+4.50%	+22.04%
2019	+30.08%	+16.46%
2018	-12.62%	-12.82%
2017	+16.07%	+5.58%
2016	+12.89%	-3.17%
2015	-20.90%	+11.35%
2014	+7.60%	+25.72%
2013	-9.61%	-16.80%
2012	+6.06%	+14.38%
2011	N/A	+17.63%
2010	N/A	+3.58%
2009	N/A	+40.86%
2008	N/A	-22.86%
2007	N/A	-4.82%
2006	N/A	-0.29%
2005	N/A	-0.39%
2004	N/A	+0.02%
2003	N/A	+11.61%
2002	N/A	+0.75%
2001	N/A	+6.83%
2000	N/A	+15.21%
1999	N/A	-9.75%

BWG vs NAZ Drawdown Comparison

The maximum drawdown for BWG was -35.45%, occurring on Jan 20, 2016. Recovery took 1182 trading sessions.

The maximum drawdown for NAZ was -38.28%, occurring on Oct 25, 2023. Recovery took 1109 trading sessions.

The current BWG drawdown is -5.54%.

Rank	BWG	NAZ
#1	-35.45% May 9, 2013 - Jan 18, 2018	-38.28% Nov 9, 2021 - Apr 14, 2026
#2	-34.27% Feb 20, 2020 - Jan 28, 2021	-34.81% Apr 1, 2004 - Sep 22, 2009
#3	-34.11% Sep 3, 2021 - Jun 30, 2025	-28.08% Jul 6, 2016 - Sep 1, 2020
#4	-18.97% Jan 25, 2018 - Aug 1, 2019	-27.21% Jan 28, 2013 - Jan 28, 2015
#5	-13.69% May 7, 2012 - Aug 6, 2012	-20.06% Oct 29, 2010 - Dec 30, 2011
#6	-12.02% Feb 11, 2026 - Mar 30, 2026	-13.78% Jul 11, 2002 - Jun 12, 2003
#7	-5.70% Sep 17, 2025 - Jan 28, 2026	-13.30% Jul 15, 2003 - Feb 2, 2004
#8	-4.94% Feb 17, 2021 - May 27, 2021	-11.33% Nov 4, 1999 - Dec 11, 2000
#9	-4.71% Feb 11, 2013 - Apr 9, 2013	-6.87% Jan 14, 2010 - Aug 12, 2010
#10	-4.44% Aug 7, 2012 - Sep 6, 2012	-6.81% Dec 4, 2020 - May 28, 2021
#11	-4.37% Nov 12, 2012 - Dec 11, 2012	-5.89% Oct 6, 2009 - Jan 6, 2010
#12	-3.10% Jun 9, 2021 - Aug 30, 2021	-4.81% Mar 5, 2002 - Apr 23, 2002
#13	-3.09% Oct 23, 2012 - Nov 9, 2012	-4.69% Oct 3, 2012 - Jan 9, 2013
#14	-2.00% Jul 9, 2025 - Aug 4, 2025	-4.65% Feb 2, 2015 - Apr 17, 2015
#15	-1.80% Aug 16, 2019 - Sep 24, 2019	-4.64% Mar 13, 2012 - Mar 21, 2012

Correlation

Correlation between BWG and NAZ is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (2000 - 2026)

BWG vs NAZ dividend yield comparison.

Year	BWG	NAZ
2026	5.10%	2.46%
2025	11.47%	7.09%
2024	12.00%	6.20%
2023	11.73%	3.63%
2022	13.25%	5.01%
2021	8.20%	3.75%
2020	6.81%	3.52%
2019	6.55%	3.82%
2018	8.70%	4.52%
2017	8.35%	4.65%
2016	10.31%	5.53%
2015	16.41%	5.25%
2014	8.95%	5.53%
2013	10.28%	6.35%
2012	4.64%	5.01%
2011	0.00%	5.35%
2010	0.00%	5.76%
2009	0.00%	5.11%
2008	0.00%	6.72%
2007	0.00%	4.90%
2006	0.00%	4.62%
2005	0.00%	5.41%
2004	0.00%	5.95%
2003	0.00%	5.68%
2002	0.00%	5.93%
2001	0.00%	5.35%
2000	0.00%	2.21%