ERH vs NMI

Comparison between Allspring Utilities and High Income Fund (ERH, ETF) and Nuveen Municipal Income Fund (NMI, ETF).

5-Year PerformanceERH has outperformed NMI, delivering a return of +4.8% compared to +2.4%

ERH vs NMI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ERH(ETF)	NMI(ETF)
Net Assets	$121M	$120M
Max Drawdown	74.70%	37.13%
Sharpe Ratio	0.51	0.67
5Y Beta	0.28	0.08
5Y Dividends CAGR	4.73%	4.68%

Net Assets

Winner

ERH

$121M

NMI

$120M

Max Drawdown

ERH

74.70%

Winner

NMI

37.13%

Sharpe Ratio

ERH

0.51

Winner

NMI

0.67

5Y Beta

ERH

0.28

Winner

NMI

0.08

5Y Dividends CAGR

Winner

ERH

4.73%

NMI

4.68%

ERH vs NMI - Historical Returns

Returns include dividend reinvestment.

Period	ERH	NMI
1 month	+2.25%	-1.93%
3 months	-0.18%	+3.46%
6 months	+7.27%	+10.73%
1 year	+9.13%	+13.63%
5 years(CAGR)	+4.79%	+2.41%
10 years(CAGR)	+6.51%	+2.13%
Max(CAGR)	+7.11%	+4.79%

Winner

ERH

+2.25%

NMI

-1.93%

ERH

-0.18%

Winner

NMI

+3.46%

ERH

+7.27%

Winner

NMI

+10.73%

ERH

+9.13%

Winner

NMI

+13.63%

5Y(CAGR)

Winner

ERH

+4.79%

NMI

+2.41%

10Y(CAGR)

Winner

ERH

+6.51%

NMI

+2.13%

Max(CAGR)

Winner

ERH

+7.11%

NMI

+4.79%

ERH vs NMI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ERH	NMI
2026	+6.03%	+10.59%
2025	+19.30%	+9.47%
2024	+24.86%	+6.56%
2023	-11.14%	-1.27%
2022	-18.66%	-15.15%
2021	+24.09%	+4.22%
2020	-2.29%	+4.89%
2019	+31.38%	+14.75%
2018	-8.20%	-8.06%
2017	+18.00%	+7.78%
2016	+15.44%	-3.15%
2015	-7.58%	+5.68%
2014	+16.65%	+23.72%
2013	+13.20%	-13.55%
2012	+9.30%	+10.45%
2011	+3.37%	+18.12%
2010	-17.01%	-0.83%
2009	+39.98%	+18.46%
2008	-51.44%	-4.73%
2007	+16.01%	+3.15%
2006	+63.33%	+8.62%
2005	+15.48%	+10.00%
2004	+9.31%	+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%

ERH vs NMI Drawdown Comparison

The maximum drawdown for ERH was -69.81%, occurring on Mar 9, 2009. Recovery took 2326 trading sessions.

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

The current ERH drawdown is -4.05%. The current NMI drawdown is -3.35%.

Rank	ERH	NMI
#1	-69.81% Jan 11, 2008 - Apr 7, 2017	-28.92% Dec 21, 2021 - Jul 11, 2025
#2	-46.06% Feb 20, 2020 - Jun 10, 2021	-22.57% Mar 13, 2013 - Dec 11, 2014
#3	-37.84% Dec 15, 2021 - Jun 3, 2025	-20.89% May 30, 2008 - Apr 27, 2009
#4	-25.62% Apr 12, 2007 - Oct 23, 2007	-19.97% Mar 5, 2020 - Mar 30, 2020
#5	-14.12% May 3, 2004 - Nov 4, 2004	-18.02% Apr 7, 2017 - Aug 15, 2019
#6	-13.93% Dec 12, 2017 - Aug 10, 2018	-17.54% Aug 29, 2001 - May 20, 2003
#7	-13.90% Nov 13, 2007 - Dec 31, 2007	-16.27% Oct 11, 2016 - Apr 7, 2017
#8	-12.90% Sep 13, 2018 - Feb 4, 2019	-15.15% Nov 5, 2010 - Sep 30, 2011
#9	-12.85% Sep 14, 2021 - Dec 6, 2021	-13.50% Mar 19, 2004 - Jan 24, 2005
#10	-10.95% Jan 3, 2007 - Mar 21, 2007	-13.10% Mar 30, 2020 - Aug 31, 2020
#11	-9.36% Oct 7, 2025 - Feb 25, 2026	-12.93% May 6, 2015 - Dec 22, 2015
#12	-8.83% May 4, 2026 - May 18, 2026	-11.67% May 22, 2003 - Mar 19, 2004
#13	-8.38% Feb 27, 2026 - May 1, 2026	-11.64% Nov 8, 1999 - Feb 16, 2000
#14	-7.79% Oct 4, 2005 - Jan 18, 2006	-11.23% Aug 19, 2005 - Nov 30, 2006
#15	-6.40% Mar 7, 2005 - Jun 7, 2005	-10.96% Apr 21, 2026 - Jun 10, 2026

Correlation

Correlation between ERH and NMI is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (1999 - 2026)

ERH vs NMI dividend yield comparison.

Year	ERH	NMI
2026	5.01%	2.47%
2025	8.13%	4.59%
2024	7.15%	4.63%
2023	9.19%	4.04%
2022	8.09%	3.51%
2021	5.86%	3.22%
2020	7.20%	3.53%
2019	6.53%	4.15%
2018	8.06%	5.12%
2017	6.82%	4.21%
2016	7.53%	4.45%
2015	8.04%	4.28%
2014	7.03%	4.53%
2013	7.63%	5.68%
2012	8.05%	4.31%
2011	8.07%	4.94%
2010	8.67%	5.51%
2009	8.96%	4.95%
2008	23.94%	5.31%
2007	15.45%	4.85%
2006	12.10%	4.80%
2005	20.46%	5.14%
2004	5.12%	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%