CVY vs NMI

Comparison between INVESCO ZACKS MULTI-ASSET INCOME ETF (CVY, ETF) and Nuveen Municipal Income Fund (NMI, ETF).

5-Year PerformanceCVY has outperformed NMI, delivering a return of +7.2% compared to +2.7%

CVY vs NMI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVY(ETF)	NMI(ETF)
Net Assets	$119M	$119M
Expense Ratio	1.21%	N/A
Max Drawdown	70.55%	37.13%
Sharpe Ratio	1.29	0.80
5Y Beta	0.66	0.10
P/E Ratio	13.70	N/A
Forward P/E	9.80	N/A
5Y Dividends CAGR	10.25%	4.52%
5Y EPS CAGR	16.51%	N/A
P/S Ratio	0.79	N/A
P/B Ratio	1.51	N/A

Net Assets

CVY

$119M

Winner

NMI

$119M

Expense Ratio

CVY

1.21%

NMI

N/A

Max Drawdown

CVY

70.55%

Winner

NMI

37.13%

Sharpe Ratio

Winner

CVY

1.29

NMI

0.80

5Y Beta

CVY

0.66

Winner

NMI

0.10

P/E Ratio

CVY

13.70

NMI

N/A

Forward P/E

CVY

9.80

NMI

N/A

5Y Dividends CAGR

Winner

CVY

10.25%

NMI

4.52%

5Y EPS CAGR

CVY

16.51%

NMI

N/A

P/S Ratio

CVY

0.79

NMI

N/A

P/B Ratio

CVY

1.51

NMI

N/A

CVY vs NMI - Historical Returns

Returns include dividend reinvestment.

Period	CVY	NMI
1 month	+0.65%	+9.19%
3 months	+4.17%	+10.11%
6 months	+8.95%	+11.07%
1 year	+18.90%	+15.80%
5 years(CAGR)	+7.17%	+2.65%
10 years(CAGR)	+8.37%	+2.59%
Max(CAGR)	+5.74%	+4.83%

CVY

+0.65%

Winner

NMI

+9.19%

CVY

+4.17%

Winner

NMI

+10.11%

CVY

+8.95%

Winner

NMI

+11.07%

Winner

CVY

+18.90%

NMI

+15.80%

5Y(CAGR)

Winner

CVY

+7.17%

NMI

+2.65%

10Y(CAGR)

Winner

CVY

+8.37%

NMI

+2.59%

Max(CAGR)

Winner

CVY

+5.74%

NMI

+4.83%

CVY vs NMI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CVY	NMI
2026	+7.63%	+11.05%
2025	+10.03%	+9.47%
2024	+10.47%	+6.56%
2023	+18.77%	-1.27%
2022	-9.89%	-15.15%
2021	+26.69%	+4.22%
2020	-10.46%	+4.89%
2019	+24.93%	+14.75%
2018	-11.08%	-8.06%
2017	+14.70%	+7.78%
2016	+16.73%	-3.15%
2015	-14.38%	+5.68%
2014	-3.71%	+23.72%
2013	+16.68%	-13.55%
2012	+11.95%	+10.45%
2011	+7.09%	+18.12%
2010	+16.12%	-0.83%
2009	+45.08%	+18.46%
2008	-40.40%	-4.73%
2007	-7.36%	+3.15%
2006	+7.55%	+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%

CVY vs NMI Drawdown Comparison

The maximum drawdown for CVY was -66.87%, occurring on Mar 9, 2009. Recovery took 1171 trading sessions.

The maximum drawdown for NMI was -28.92%, occurring on Oct 24, 2022. Recovery took 890 trading sessions.

The current CVY drawdown is -0.64%. The current NMI drawdown is -1.20%.

Rank	CVY	NMI
#1	-66.87% Jun 4, 2007 - Jan 25, 2012	-28.92% Dec 21, 2021 - Jul 11, 2025
#2	-50.47% Jan 17, 2020 - Feb 24, 2021	-22.57% Mar 13, 2013 - Dec 11, 2014
#3	-31.87% Jul 1, 2014 - Dec 4, 2017	-20.89% May 30, 2008 - Apr 27, 2009
#4	-21.61% Jan 12, 2022 - Dec 14, 2023	-19.97% Mar 5, 2020 - Mar 30, 2020
#5	-18.51% Jan 23, 2018 - Apr 17, 2019	-18.02% Apr 7, 2017 - Aug 15, 2019
#6	-16.80% Nov 29, 2024 - Jul 10, 2025	-17.54% Aug 29, 2001 - May 20, 2003
#7	-9.00% Jul 24, 2019 - Sep 13, 2019	-16.27% Oct 11, 2016 - Apr 7, 2017
#8	-8.62% Sep 14, 2012 - Jan 4, 2013	-15.15% Nov 5, 2010 - Sep 30, 2011
#9	-8.58% May 21, 2013 - Oct 17, 2013	-13.50% Mar 19, 2004 - Jan 24, 2005
#10	-8.20% Mar 13, 2012 - Jul 19, 2012	-13.10% Mar 30, 2020 - Aug 31, 2020
#11	-7.80% Jun 11, 2021 - Oct 20, 2021	-12.93% May 6, 2015 - Dec 22, 2015
#12	-7.43% Feb 10, 2026 - Apr 30, 2026	-11.67% May 22, 2003 - Mar 19, 2004
#13	-6.87% Nov 12, 2021 - Jan 4, 2022	-11.64% Nov 8, 1999 - Feb 16, 2000
#14	-6.83% Jul 30, 2024 - Aug 30, 2024	-11.23% Aug 19, 2005 - Nov 30, 2006
#15	-6.28% May 3, 2019 - Jun 28, 2019	-10.96% Apr 21, 2026 - May 4, 2026

Correlation

Correlation between CVY and NMI is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (1999 - 2026)

CVY vs NMI dividend yield comparison.

Year	CVY	NMI
2026	0.77%	1.75%
2025	3.99%	4.59%
2024	4.07%	4.63%
2023	4.41%	4.04%
2022	5.18%	3.51%
2021	2.37%	3.22%
2020	3.40%	3.53%
2019	3.22%	4.15%
2018	4.44%	5.12%
2017	3.94%	4.21%
2016	4.50%	4.45%
2015	5.89%	4.28%
2014	6.28%	4.53%
2013	5.35%	5.68%
2012	5.39%	4.31%
2011	5.41%	4.94%
2010	4.76%	5.51%
2009	5.32%	4.95%
2008	11.04%	5.31%
2007	5.68%	4.85%
2006	1.36%	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%