JPIB vs NMZ

Comparison between JPMORGAN INTERNATIONAL BOND OPPORTUNITIES ETF (JPIB, ETF) and Nuveen Municipal High Income Opportunity Fund (NMZ, ETF).

5-Year PerformanceJPIB has outperformed NMZ, delivering a return of +2.8% compared to -1.7%

JPIB vs NMZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JPIB(ETF)	NMZ(ETF)
Net Assets	$2.10B	$2.20B
Expense Ratio	0.50%	N/A
Max Drawdown	15.66%	63.45%
Sharpe Ratio	-0.06	0.68
5Y Beta	0.07	0.23
5Y Dividends CAGR	9.54%	2.41%

Net Assets

JPIB

$2.10B

Winner

NMZ

$2.20B

Expense Ratio

JPIB

0.50%

NMZ

N/A

Max Drawdown

Winner

JPIB

15.66%

NMZ

63.45%

Sharpe Ratio

JPIB

-0.06

Winner

NMZ

0.68

5Y Beta

Winner

JPIB

0.07

NMZ

0.23

5Y Dividends CAGR

Winner

JPIB

9.54%

NMZ

2.41%

JPIB vs NMZ - Historical Returns

Returns include dividend reinvestment.

Period	JPIB	NMZ
1 month	-0.05%	-1.48%
3 months	+0.96%	+2.52%
6 months	+0.20%	+1.39%
1 year	+3.51%	+10.50%
5 years(CAGR)	+2.79%	-1.74%
10 years(CAGR)	+3.58%	+2.13%
Max(CAGR)	+3.58%	+4.98%

Winner

JPIB

-0.05%

NMZ

-1.48%

JPIB

+0.96%

Winner

NMZ

+2.52%

JPIB

+0.20%

Winner

NMZ

+1.39%

JPIB

+3.51%

Winner

NMZ

+10.50%

5Y(CAGR)

Winner

JPIB

+2.79%

NMZ

-1.74%

10Y(CAGR)

Winner

JPIB

+3.58%

NMZ

+2.13%

Max(CAGR)

JPIB

+3.58%

Winner

NMZ

+4.98%

JPIB vs NMZ - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	JPIB	NMZ
2026	+1.04%	+5.43%
2025	+7.89%	+0.23%
2024	+4.07%	+15.82%
2023	+8.43%	-1.16%
2022	-6.51%	-27.24%
2021	+0.08%	+12.04%
2020	+6.99%	+7.47%
2019	+10.58%	+25.87%
2018	-1.93%	-9.94%
2017	+2.61%	+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%

JPIB vs NMZ Drawdown Comparison

The maximum drawdown for JPIB was -13.13%, occurring on Mar 19, 2020. Recovery took 95 trading sessions.

The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.

The current JPIB drawdown is -0.58%. The current NMZ drawdown is -10.39%.

Rank	JPIB	NMZ
#1	-13.13% Mar 4, 2020 - Jul 20, 2020	-58.44% May 11, 2007 - Jan 13, 2012
#2	-11.83% Sep 16, 2021 - Dec 14, 2023	-40.01% Jul 13, 2021 - Oct 27, 2023
#3	-3.75% Feb 26, 2026 - Mar 27, 2026	-32.56% Feb 20, 2020 - Dec 30, 2020
#4	-3.13% Jan 25, 2018 - Feb 1, 2019	-22.40% Jan 24, 2013 - May 13, 2014
#5	-2.19% Feb 11, 2021 - Jun 10, 2021	-15.03% Jul 8, 2016 - Mar 8, 2019
#6	-1.97% Sep 27, 2024 - Feb 5, 2025	-12.78% Mar 17, 2004 - Oct 14, 2004
#7	-1.93% Mar 8, 2024 - May 15, 2024	-6.78% Feb 2, 2015 - Sep 22, 2015
#8	-1.78% Aug 12, 2020 - Nov 5, 2020	-5.68% Feb 2, 2012 - Mar 28, 2012
#9	-1.51% Feb 21, 2020 - Mar 4, 2020	-5.52% Feb 11, 2021 - Apr 13, 2021
#10	-1.44% Feb 28, 2025 - Apr 22, 2025	-5.15% Jun 2, 2006 - Aug 8, 2006
#11	-1.27% Dec 28, 2023 - Jan 31, 2024	-5.05% Aug 12, 2019 - Nov 11, 2019
#12	-1.13% Feb 1, 2024 - Mar 7, 2024	-4.75% Nov 1, 2012 - Dec 5, 2012
#13	-0.91% Oct 28, 2025 - Dec 26, 2025	-4.52% May 28, 2014 - Oct 20, 2014
#14	-0.89% Nov 6, 2017 - Dec 1, 2017	-4.47% Dec 13, 2012 - Jan 4, 2013
#15	-0.86% Oct 7, 2019 - Dec 13, 2019	-4.05% Jul 31, 2012 - Sep 18, 2012

Correlation

Correlation between JPIB and NMZ is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2004 - 2026)

JPIB vs NMZ dividend yield comparison.

Year	JPIB	NMZ
2026	2.69%	4.46%
2025	4.85%	7.71%
2024	4.57%	6.35%
2023	4.35%	5.44%
2022	3.10%	7.04%
2021	2.59%	5.10%
2020	3.14%	5.09%
2019	4.66%	4.99%
2018	5.83%	6.15%
2017	1.81%	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%