FLQL vs NMZ
Comparison between FRANKLIN U.S. LARGE CAP MULTIFACTOR INDEX ETF (FLQL, ETF) and Nuveen Municipal High Income Opportunity Fund (NMZ, ETF).
5-Year PerformanceFLQL has outperformed NMZ, delivering a return of +14.2% compared to -1.7%
FLQL vs NMZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FLQL vs NMZ - Historical Returns
Returns include dividend reinvestment.
FLQL vs NMZ - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | FLQL | NMZ |
|---|---|---|
| 2026 | +14.87% | +5.43% |
| 2025 | +19.96% | +0.23% |
| 2024 | +25.35% | +15.82% |
| 2023 | +24.54% | -1.16% |
| 2022 | -14.46% | -27.24% |
| 2021 | +28.44% | +12.04% |
| 2020 | +10.42% | +7.47% |
| 2019 | +29.11% | +25.87% |
| 2018 | -2.61% | -9.94% |
| 2017 | +15.04% | +12.41% |
| 2016 | N/A | -1.39% |
| 2015 | N/A | +9.91% |
| 2014 | N/A | +19.39% |
| 2013 | N/A | -9.82% |
| 2012 | N/A | +23.60% |
| 2011 | N/A | +15.64% |
| 2010 | N/A | -0.99% |
| 2009 | N/A | +49.88% |
| 2008 | N/A | -35.08% |
| 2007 | N/A | -8.16% |
| 2006 | N/A | +16.86% |
| 2005 | N/A | +14.20% |
| 2004 | N/A | +9.13% |
| 2003 | N/A | +0.00% |
FLQL vs NMZ Drawdown Comparison
The maximum drawdown for FLQL was -33.63%, occurring on Mar 23, 2020. Recovery took 140 trading sessions.
The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.
The current NMZ drawdown is -10.39%.
| Rank | FLQL | NMZ |
|---|---|---|
| #1 | -33.63% Feb 12, 2020 - Sep 1, 2020 | -58.44% May 11, 2007 - Jan 13, 2012 |
| #2 | -21.41% Dec 29, 2021 - Nov 20, 2023 | -40.01% Jul 13, 2021 - Oct 27, 2023 |
| #3 | -19.32% Feb 19, 2025 - Jun 24, 2025 | -32.56% Feb 20, 2020 - Dec 30, 2020 |
| #4 | -16.34% Sep 21, 2018 - Mar 21, 2019 | -22.40% Jan 24, 2013 - May 13, 2014 |
| #5 | -9.28% Jul 16, 2024 - Sep 19, 2024 | -15.03% Jul 8, 2016 - Mar 8, 2019 |
| #6 | -9.05% Feb 25, 2026 - Apr 14, 2026 | -12.78% Mar 17, 2004 - Oct 14, 2004 |
| #7 | -8.08% Jan 29, 2018 - Jul 26, 2018 | -6.78% Feb 2, 2015 - Sep 22, 2015 |
| #8 | -7.23% Sep 2, 2020 - Oct 12, 2020 | -5.68% Feb 2, 2012 - Mar 28, 2012 |
| #9 | -7.11% Oct 12, 2020 - Nov 9, 2020 | -5.52% Feb 11, 2021 - Apr 13, 2021 |
| #10 | -6.49% Sep 2, 2021 - Nov 3, 2021 | -5.15% Jun 2, 2006 - Aug 8, 2006 |
| #11 | -6.27% Mar 21, 2024 - May 15, 2024 | -5.05% Aug 12, 2019 - Nov 11, 2019 |
| #12 | -5.69% Apr 24, 2019 - Jun 19, 2019 | -4.75% Nov 1, 2012 - Dec 5, 2012 |
| #13 | -5.54% Jul 26, 2019 - Sep 11, 2019 | -4.52% May 28, 2014 - Oct 20, 2014 |
| #14 | -5.24% Oct 29, 2025 - Dec 10, 2025 | -4.47% Dec 13, 2012 - Jan 4, 2013 |
| #15 | -4.70% Feb 12, 2021 - Mar 12, 2021 | -4.05% Jul 31, 2012 - Sep 18, 2012 |
Correlation
Correlation between FLQL and NMZ is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2004 - 2026)
FLQL vs NMZ dividend yield comparison.
| Year | FLQL | NMZ |
|---|---|---|
| 2026 | 0.47% | 4.46% |
| 2025 | 1.10% | 7.71% |
| 2024 | 1.13% | 6.35% |
| 2023 | 1.50% | 5.44% |
| 2022 | 2.07% | 7.04% |
| 2021 | 1.81% | 5.10% |
| 2020 | 1.99% | 5.09% |
| 2019 | 1.78% | 4.99% |
| 2018 | 1.82% | 6.15% |
| 2017 | 1.22% | 5.94% |
| 2016 | 0.00% | 6.94% |
| 2015 | 0.00% | 6.67% |
| 2014 | 0.00% | 6.88% |
| 2013 | 0.00% | 6.73% |
| 2012 | 0.00% | 5.72% |
| 2011 | 0.00% | 7.98% |
| 2010 | 0.00% | 8.75% |
| 2009 | 0.00% | 7.32% |
| 2008 | 0.00% | 11.33% |
| 2007 | 0.00% | 7.15% |
| 2006 | 0.00% | 5.82% |
| 2005 | 0.00% | 6.63% |
| 2004 | 0.00% | 7.44% |
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