IROC vs NMT

Comparison between INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF (IROC, ETF) and Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF).

IROC vs NMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IROC(ETF)	NMT(ETF)
Net Assets	$114M	$114M
Expense Ratio	0.39%	N/A
Max Drawdown	6.98%	48.99%
Sharpe Ratio	1.14	1.16
5Y Beta	0.03	0.14
5Y Dividends CAGR	N/A	9.51%

Net Assets

IROC

$114M

Winner

NMT

$114M

Expense Ratio

IROC

0.39%

NMT

N/A

Max Drawdown

Winner

IROC

6.98%

NMT

48.99%

Sharpe Ratio

IROC

1.14

Winner

NMT

1.16

5Y Beta

Winner

IROC

0.03

NMT

0.14

5Y Dividends CAGR

IROC

N/A

NMT

9.51%

IROC vs NMT - Historical Returns

Returns include dividend reinvestment.

Period	IROC	NMT
1 month	+0.80%	+1.35%
3 months	+1.35%	+11.48%
6 months	+3.35%	+16.07%
1 year	+7.22%	+14.85%
5 years(CAGR)	N/A	+2.42%
10 years(CAGR)	N/A	+3.02%
Max(CAGR)	+4.80%	+4.66%

IROC

+0.80%

Winner

NMT

+1.35%

IROC

+1.35%

Winner

NMT

+11.48%

IROC

+3.35%

Winner

NMT

+16.07%

IROC

+7.22%

Winner

NMT

+14.85%

5Y(CAGR)

IROC

N/A

NMT

+2.42%

10Y(CAGR)

IROC

N/A

NMT

+3.02%

Max(CAGR)

Winner

IROC

+4.80%

NMT

+4.66%

IROC vs NMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IROC	NMT
2026	+2.74%	+18.19%
2025	+4.01%	+5.85%
2024	+4.75%	+16.17%
2023	+5.81%	+1.52%
2022	-0.88%	-30.75%
2021	N/A	+9.84%
2020	N/A	+6.18%
2019	N/A	+23.70%
2018	N/A	-14.40%
2017	N/A	+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%

IROC vs NMT Drawdown Comparison

The maximum drawdown for IROC was -4.79%, occurring on Oct 25, 2023. Recovery took 88 trading sessions.

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

The current IROC drawdown is -0.17%. The current NMT drawdown is -1.99%.

Rank	IROC	NMT
#1	-4.79% Jul 26, 2023 - Nov 29, 2023	-40.09% Mar 2, 2006 - Sep 21, 2009
#2	-3.52% Mar 3, 2025 - Sep 8, 2025	-38.87% Nov 22, 2021 - May 1, 2026
#3	-2.93% Feb 2, 2023 - Jul 13, 2023	-21.46% Jan 24, 2013 - Dec 3, 2015
#4	-2.64% Feb 25, 2026 - May 29, 2026	-20.51% Jul 25, 2016 - Aug 1, 2019
#5	-1.46% Oct 2, 2024 - Nov 29, 2024	-18.20% Oct 21, 2010 - Jan 5, 2012
#6	-1.30% Dec 6, 2024 - Feb 4, 2025	-17.05% Jan 24, 2020 - Jul 10, 2020
#7	-1.05% May 15, 2024 - Jun 12, 2024	-16.42% Jun 4, 2003 - Mar 31, 2004
#8	-1.03% Mar 22, 2024 - May 7, 2024	-15.35% Feb 15, 2005 - Sep 7, 2005
#9	-1.00% Jan 12, 2024 - Jan 31, 2024	-13.69% Mar 31, 2004 - Oct 27, 2004
#10	-0.94% Dec 13, 2022 - Jan 9, 2023	-9.72% Nov 3, 1999 - Jul 27, 2000
#11	-0.84% Feb 1, 2024 - Feb 28, 2024	-8.85% Oct 7, 2009 - Mar 4, 2010
#12	-0.71% Aug 2, 2024 - Sep 4, 2024	-8.72% Feb 13, 2012 - May 2, 2012
#13	-0.55% Jun 14, 2024 - Jul 5, 2024	-8.29% Oct 8, 2002 - Mar 11, 2003
#14	-0.52% Nov 24, 2025 - Jan 2, 2026	-7.58% Oct 15, 2012 - Jan 17, 2013
#15	-0.47% Feb 6, 2025 - Feb 20, 2025	-7.49% Sep 7, 2005 - Feb 28, 2006

Correlation

Correlation between IROC and NMT is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

IROC vs NMT dividend yield comparison.

Year	IROC	NMT
2026	2.13%	2.46%
2025	4.79%	7.27%
2024	4.08%	5.94%
2023	3.68%	3.06%
2022	0.00%	4.50%
2021	0.00%	3.43%
2020	0.00%	3.60%
2019	0.00%	3.46%
2018	0.00%	4.66%
2017	0.00%	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%