ELD vs NMT

Comparison between WisdomTree Emerging Market Local Debt Fund (ELD, ETF) and Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF).

5-Year PerformanceNMT has outperformed ELD, delivering a return of +2.4% compared to +2.1%

ELD vs NMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ELD(ETF)	NMT(ETF)
Net Assets	$115M	$114M
Expense Ratio	0.55%	N/A
Max Drawdown	56.01%	48.99%
Sharpe Ratio	0.61	1.16
5Y Beta	0.20	0.14
5Y Dividends CAGR	0.92%	9.51%

Net Assets

Winner

ELD

$115M

NMT

$114M

Expense Ratio

ELD

0.55%

NMT

N/A

Max Drawdown

ELD

56.01%

Winner

NMT

48.99%

Sharpe Ratio

ELD

0.61

Winner

NMT

1.16

5Y Beta

ELD

0.20

Winner

NMT

0.14

5Y Dividends CAGR

ELD

0.92%

Winner

NMT

9.51%

ELD vs NMT - Historical Returns

Returns include dividend reinvestment.

Period	ELD	NMT
1 month	-0.58%	+1.35%
3 months	-0.43%	+11.48%
6 months	+1.46%	+16.07%
1 year	+9.33%	+14.85%
5 years(CAGR)	+2.11%	+2.42%
10 years(CAGR)	+2.67%	+3.02%
Max(CAGR)	+1.23%	+4.66%

ELD

-0.58%

Winner

NMT

+1.35%

ELD

-0.43%

Winner

NMT

+11.48%

ELD

+1.46%

Winner

NMT

+16.07%

ELD

+9.33%

Winner

NMT

+14.85%

5Y(CAGR)

ELD

+2.11%

Winner

NMT

+2.42%

10Y(CAGR)

ELD

+2.67%

Winner

NMT

+3.02%

Max(CAGR)

ELD

+1.23%

Winner

NMT

+4.66%

ELD vs NMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ELD	NMT
2026	-0.18%	+18.19%
2025	+21.18%	+5.85%
2024	-3.40%	+16.17%
2023	+14.88%	+1.52%
2022	-9.09%	-30.75%
2021	-9.77%	+9.84%
2020	+1.78%	+6.18%
2019	+12.49%	+23.70%
2018	-8.57%	-14.40%
2017	+13.54%	+13.61%
2016	+10.57%	+0.05%
2015	-12.81%	+8.91%
2014	-5.11%	+15.06%
2013	-11.17%	-16.13%
2012	+13.27%	+6.26%
2011	-2.36%	+17.17%
2010	+4.72%	+4.45%
2009	N/A	+43.04%
2008	N/A	-20.35%
2007	N/A	-7.15%
2006	N/A	-3.17%
2005	N/A	+3.83%
2004	N/A	+8.22%
2003	N/A	+4.73%
2002	N/A	+6.23%
2001	N/A	+12.45%
2000	N/A	+10.29%
1999	N/A	-6.15%

ELD vs NMT Drawdown Comparison

The maximum drawdown for ELD was -31.92%, occurring on Jan 20, 2016. Recovery took 3163 trading sessions.

The maximum drawdown for NMT was -40.09%, occurring on Oct 10, 2008. Recovery took 895 trading sessions.

The current ELD drawdown is -3.70%. The current NMT drawdown is -1.99%.

Rank	ELD	NMT
#1	-31.92% May 8, 2013 - Dec 3, 2025	-40.09% Mar 2, 2006 - Sep 21, 2009
#2	-12.91% Aug 1, 2011 - Sep 13, 2012	-38.87% Nov 22, 2021 - May 1, 2026
#3	-7.15% Feb 13, 2026 - Mar 27, 2026	-21.46% Jan 24, 2013 - Dec 3, 2015
#4	-5.51% Nov 4, 2010 - Apr 8, 2011	-20.51% Jul 25, 2016 - Aug 1, 2019
#5	-2.42% Apr 29, 2011 - Jul 1, 2011	-18.20% Oct 21, 2010 - Jan 5, 2012
#6	-2.11% Oct 14, 2010 - Nov 4, 2010	-17.05% Jan 24, 2020 - Jul 10, 2020
#7	-1.33% Jan 27, 2026 - Feb 13, 2026	-16.42% Jun 4, 2003 - Mar 31, 2004
#8	-1.33% Feb 19, 2013 - Apr 9, 2013	-15.35% Feb 15, 2005 - Sep 7, 2005
#9	-1.19% Jul 8, 2011 - Jul 20, 2011	-13.69% Mar 31, 2004 - Oct 27, 2004
#10	-1.00% Jan 17, 2013 - Feb 19, 2013	-9.72% Nov 3, 1999 - Jul 27, 2000
#11	-0.98% Dec 3, 2025 - Dec 11, 2025	-8.85% Oct 7, 2009 - Mar 4, 2010
#12	-0.97% Oct 4, 2012 - Oct 16, 2012	-8.72% Feb 13, 2012 - May 2, 2012
#13	-0.95% Sep 14, 2012 - Oct 4, 2012	-8.29% Oct 8, 2002 - Mar 11, 2003
#14	-0.90% Apr 15, 2011 - Apr 20, 2011	-7.58% Oct 15, 2012 - Jan 17, 2013
#15	-0.89% Apr 11, 2013 - Apr 26, 2013	-7.49% Sep 7, 2005 - Feb 28, 2006

Correlation

Correlation between ELD and NMT is 0.19 which considered as a very weak or no correlation - the stocks move independently of each other.

0.19

-101

Dividend Comparison (1999 - 2026)

ELD vs NMT dividend yield comparison.

Year	ELD	NMT
2026	2.55%	2.46%
2025	5.38%	7.27%
2024	5.75%	5.94%
2023	4.85%	3.06%
2022	5.29%	4.50%
2021	4.98%	3.43%
2020	4.70%	3.60%
2019	4.92%	3.46%
2018	6.30%	4.66%
2017	4.68%	4.57%
2016	4.86%	5.30%
2015	5.57%	5.15%
2014	4.33%	5.05%
2013	3.90%	5.63%
2012	3.88%	4.93%
2011	4.79%	5.24%
2010	1.70%	6.12%
2009	0.00%	5.31%
2008	0.00%	6.87%
2007	0.00%	5.04%
2006	0.00%	5.10%
2005	0.00%	5.67%
2004	0.00%	5.64%
2003	0.00%	6.12%
2002	0.00%	5.39%
2001	0.00%	6.16%
2000	0.00%	5.75%
1999	0.00%	1.00%