FLEE vs NMT

Comparison between FRANKLIN FTSE EUROPE ETF (FLEE, ETF) and Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF).

5-Year PerformanceFLEE has outperformed NMT, delivering a return of +9.2% compared to +1.8%

FLEE vs NMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLEE(ETF)	NMT(ETF)
Net Assets	$116M	$116M
Expense Ratio	0.09%	N/A
Max Drawdown	41.14%	48.99%
Sharpe Ratio	0.93	1.26
5Y Beta	0.68	0.14
5Y Dividends CAGR	5.34%	8.85%

Net Assets

Winner

FLEE

$116M

NMT

$116M

Expense Ratio

FLEE

0.09%

NMT

N/A

Max Drawdown

Winner

FLEE

41.14%

NMT

48.99%

Sharpe Ratio

FLEE

0.93

Winner

NMT

1.26

5Y Beta

FLEE

0.68

Winner

NMT

0.14

5Y Dividends CAGR

FLEE

5.34%

Winner

NMT

8.85%

FLEE vs NMT - Historical Returns

Returns include dividend reinvestment.

Period	FLEE	NMT
1 month	+0.89%	+0.87%
3 months	+3.11%	+3.31%
6 months	+3.09%	+14.15%
1 year	+14.36%	+19.95%
5 years(CAGR)	+9.24%	+1.76%
10 years(CAGR)	+8.31%	+2.40%
Max(CAGR)	+8.31%	+4.60%

Winner

FLEE

+0.89%

NMT

+0.87%

FLEE

+3.11%

Winner

NMT

+3.31%

FLEE

+3.09%

Winner

NMT

+14.15%

FLEE

+14.36%

Winner

NMT

+19.95%

5Y(CAGR)

Winner

FLEE

+9.24%

NMT

+1.76%

10Y(CAGR)

Winner

FLEE

+8.31%

NMT

+2.40%

Max(CAGR)

Winner

FLEE

+8.31%

NMT

+4.60%

FLEE vs NMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FLEE	NMT
2026	+5.55%	+17.11%
2025	+36.30%	+5.85%
2024	+3.28%	+16.17%
2023	+19.50%	+1.52%
2022	-15.69%	-30.75%
2021	+15.55%	+9.84%
2020	+4.39%	+6.18%
2019	+25.48%	+23.70%
2018	-15.33%	-14.40%
2017	+1.47%	+13.61%
2016	N/A	+0.05%
2015	N/A	+8.91%
2014	N/A	+15.06%
2013	N/A	-16.13%
2012	N/A	+6.26%
2011	N/A	+17.17%
2010	N/A	+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%

FLEE vs NMT Drawdown Comparison

The maximum drawdown for FLEE was -37.27%, occurring on Mar 18, 2020. Recovery took 216 trading sessions.

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

The current FLEE drawdown is -2.55%. The current NMT drawdown is -2.88%.

Rank	FLEE	NMT
#1	-37.27% Jan 17, 2020 - Nov 24, 2020	-40.09% Mar 2, 2006 - Sep 21, 2009
#2	-31.60% Sep 2, 2021 - Dec 14, 2023	-38.87% Nov 22, 2021 - May 1, 2026
#3	-22.67% Jan 26, 2018 - Jan 2, 2020	-21.46% Jan 24, 2013 - Dec 3, 2015
#4	-14.59% Mar 18, 2025 - Apr 29, 2025	-20.51% Jul 25, 2016 - Aug 1, 2019
#5	-12.37% Feb 25, 2026 - Jul 2, 2026	-18.20% Oct 21, 2010 - Jan 5, 2012
#6	-11.08% Sep 26, 2024 - Feb 28, 2025	-17.05% Jan 24, 2020 - Jul 10, 2020
#7	-6.61% Jun 6, 2024 - Aug 19, 2024	-16.42% Jun 4, 2003 - Mar 31, 2004
#8	-5.71% Jun 15, 2021 - Aug 5, 2021	-15.35% Feb 15, 2005 - Sep 7, 2005
#9	-5.53% Jul 23, 2025 - Aug 20, 2025	-13.69% Mar 31, 2004 - Oct 27, 2004
#10	-5.22% Nov 12, 2025 - Dec 10, 2025	-9.72% Nov 3, 1999 - Jul 27, 2000
#11	-4.90% Jan 8, 2021 - Feb 16, 2021	-8.85% Oct 7, 2009 - Mar 4, 2010
#12	-4.29% Dec 27, 2023 - Feb 21, 2024	-8.72% Feb 13, 2012 - May 2, 2012
#13	-4.20% Mar 27, 2024 - May 7, 2024	-8.29% Oct 8, 2002 - Mar 11, 2003
#14	-3.70% Aug 30, 2024 - Sep 26, 2024	-7.58% Oct 15, 2012 - Jan 17, 2013
#15	-3.21% Jun 12, 2025 - Jul 2, 2025	-7.49% Sep 7, 2005 - Feb 28, 2006

Correlation

Correlation between FLEE and NMT is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (1999 - 2026)

FLEE vs NMT dividend yield comparison.

Year	FLEE	NMT
2026	2.27%	3.45%
2025	2.76%	7.27%
2024	3.93%	5.94%
2023	2.58%	3.06%
2022	3.48%	4.50%
2021	3.61%	3.43%
2020	1.88%	3.60%
2019	3.02%	3.46%
2018	3.85%	4.66%
2017	0.02%	4.57%
2016	0.00%	5.30%
2015	0.00%	5.15%
2014	0.00%	5.05%
2013	0.00%	5.63%
2012	0.00%	4.93%
2011	0.00%	5.24%
2010	0.00%	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%