INKM vs NMS
Comparison between STATE STREET(R)INCOME ALLOCATION ETF (INKM, ETF) and Nuveen Minnesota Quality Municipal Income Fund (NMS, ETF).
5-Year PerformanceINKM has outperformed NMS, delivering a return of +3.9% compared to -0.2%
INKM vs NMS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
INKM vs NMS - Historical Returns
Returns include dividend reinvestment.
INKM vs NMS - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | INKM | NMS |
|---|---|---|
| 2026 | +4.89% | +8.15% |
| 2025 | +11.61% | +2.31% |
| 2024 | +5.87% | +18.82% |
| 2023 | +9.83% | -0.21% |
| 2022 | -12.40% | -22.04% |
| 2021 | +9.33% | +6.60% |
| 2020 | +2.96% | +7.38% |
| 2019 | +17.22% | +23.39% |
| 2018 | -5.14% | -12.96% |
| 2017 | +13.72% | -4.05% |
| 2016 | +7.38% | +12.86% |
| 2015 | -4.86% | +6.24% |
| 2014 | +9.49% | -3.37% |
| 2013 | +2.00% | N/A |
| 2012 | +6.10% | N/A |
INKM vs NMS Drawdown Comparison
The maximum drawdown for INKM was -28.58%, occurring on Mar 23, 2020. Recovery took 208 trading sessions.
The maximum drawdown for NMS was -38.76%, occurring on Oct 25, 2023. This drawdown has not yet recovered.
The current INKM drawdown is -0.77%. The current NMS drawdown is -2.97%.
| Rank | INKM | NMS |
|---|---|---|
| #1 | -28.58% Feb 20, 2020 - Dec 15, 2020 | -38.76% Sep 16, 2021 - Oct 25, 2023 |
| #2 | -19.17% Nov 9, 2021 - Jul 31, 2024 | -25.42% Sep 30, 2016 - Aug 11, 2020 |
| #3 | -12.32% Apr 15, 2015 - Jul 8, 2016 | -7.35% Aug 19, 2020 - Oct 27, 2020 |
| #4 | -9.98% May 8, 2013 - Mar 31, 2014 | -7.31% Mar 18, 2015 - Jan 29, 2016 |
| #5 | -9.33% Jan 26, 2018 - Apr 4, 2019 | -6.32% Nov 6, 2014 - Jan 27, 2015 |
| #6 | -5.76% Apr 2, 2025 - May 7, 2025 | -5.93% Jun 23, 2021 - Sep 14, 2021 |
| #7 | -5.60% Sep 7, 2016 - Feb 24, 2017 | -5.58% Oct 15, 2014 - Nov 6, 2014 |
| #8 | -5.08% Sep 3, 2014 - Jan 20, 2015 | -5.15% May 4, 2021 - Jun 23, 2021 |
| #9 | -4.55% Feb 25, 2026 - May 28, 2026 | -4.27% Aug 15, 2016 - Sep 30, 2016 |
| #10 | -4.26% May 1, 2012 - Jul 2, 2012 | -4.04% Apr 13, 2016 - Jun 6, 2016 |
| #11 | -4.09% Nov 29, 2024 - Mar 17, 2025 | -4.00% Jul 6, 2016 - Aug 5, 2016 |
| #12 | -3.28% Oct 17, 2012 - Dec 11, 2012 | -3.76% Jun 17, 2016 - Jul 6, 2016 |
| #13 | -3.22% Feb 25, 2015 - Apr 15, 2015 | -3.60% Oct 27, 2020 - Nov 17, 2020 |
| #14 | -2.66% Jul 23, 2014 - Aug 25, 2014 | -3.53% Feb 11, 2021 - Apr 14, 2021 |
| #15 | -2.45% Oct 27, 2025 - Nov 28, 2025 | -2.67% Feb 11, 2016 - Feb 25, 2016 |
Correlation
Correlation between INKM and NMS is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2012 - 2026)
INKM vs NMS dividend yield comparison.
| Year | INKM | NMS |
|---|---|---|
| 2026 | 0.68% | 2.70% |
| 2025 | 5.82% | 7.29% |
| 2024 | 4.83% | 6.05% |
| 2023 | 4.56% | 4.03% |
| 2022 | 5.03% | 5.24% |
| 2021 | 3.74% | 4.19% |
| 2020 | 3.88% | 3.93% |
| 2019 | 4.38% | 4.05% |
| 2018 | 4.08% | 5.52% |
| 2017 | 3.10% | 5.20% |
| 2016 | 3.39% | 4.68% |
| 2015 | 3.45% | 5.60% |
| 2014 | 3.47% | 0.96% |
| 2013 | 4.08% | 0.00% |
| 2012 | 3.50% | 0.00% |
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