LSAF vs NMT

Comparison between LEADERSHARES(R) ALPHAFACTOR(R) US CORE EQUITY ETF (LSAF, ETF) and Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF).

5-Year PerformanceLSAF has outperformed NMT, delivering a return of +10.4% compared to +2.1%

LSAF vs NMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LSAF(ETF)	NMT(ETF)
Net Assets	$115M	$115M
Expense Ratio	0.75%	N/A
Max Drawdown	41.67%	48.99%
Sharpe Ratio	1.45	1.09
5Y Beta	0.89	0.14
P/E Ratio	20.67	N/A
Forward P/E	13.85	N/A
PEG Ratio	0.30	N/A
5Y Dividends CAGR	21.97%	9.51%
5Y EPS CAGR	18.50%	N/A
Debt to Equity	-66.00%	N/A
P/S Ratio	1.17	N/A
P/B Ratio	3.04	N/A

Net Assets

LSAF

$115M

Winner

NMT

$115M

Expense Ratio

LSAF

0.75%

NMT

N/A

Max Drawdown

Winner

LSAF

41.67%

NMT

48.99%

Sharpe Ratio

Winner

LSAF

1.45

NMT

1.09

5Y Beta

LSAF

0.89

Winner

NMT

0.14

P/E Ratio

LSAF

20.67

NMT

N/A

Forward P/E

LSAF

13.85

NMT

N/A

PEG Ratio

LSAF

0.30

NMT

N/A

5Y Dividends CAGR

Winner

LSAF

21.97%

NMT

9.51%

5Y EPS CAGR

LSAF

18.50%

NMT

N/A

Debt to Equity

LSAF

-66.00%

NMT

N/A

P/S Ratio

LSAF

1.17

NMT

N/A

P/B Ratio

LSAF

3.04

NMT

N/A

LSAF vs NMT - Historical Returns

Returns include dividend reinvestment.

Period	LSAF	NMT
1 month	+6.94%	-0.27%
3 months	+14.93%	+8.94%
6 months	+13.95%	+15.71%
1 year	+26.50%	+17.10%
5 years(CAGR)	+10.39%	+2.07%
10 years(CAGR)	N/A	+2.95%
Max(CAGR)	+10.61%	+4.65%

Winner

LSAF

+6.94%

NMT

-0.27%

Winner

LSAF

+14.93%

NMT

+8.94%

LSAF

+13.95%

Winner

NMT

+15.71%

Winner

LSAF

+26.50%

NMT

+17.10%

5Y(CAGR)

Winner

LSAF

+10.39%

NMT

+2.07%

10Y(CAGR)

LSAF

N/A

NMT

+2.95%

Max(CAGR)

Winner

LSAF

+10.61%

NMT

+4.65%

LSAF vs NMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LSAF	NMT
2026	+13.80%	+17.82%
2025	+11.70%	+5.85%
2024	+18.47%	+16.17%
2023	+16.95%	+1.52%
2022	-13.02%	-30.75%
2021	+24.05%	+9.84%
2020	+6.59%	+6.18%
2019	+28.51%	+23.70%
2018	-15.47%	-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%

LSAF vs NMT Drawdown Comparison

The maximum drawdown for LSAF was -41.67%, occurring on Mar 23, 2020. Recovery took 193 trading sessions.

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

The current NMT drawdown is -2.29%.

Rank	LSAF	NMT
#1	-41.67% Feb 12, 2020 - Nov 16, 2020	-40.09% Mar 2, 2006 - Sep 21, 2009
#2	-24.93% Jan 4, 2022 - Jan 22, 2024	-38.87% Nov 22, 2021 - May 1, 2026
#3	-20.74% Oct 2, 2018 - Jul 1, 2019	-21.46% Jan 24, 2013 - Dec 3, 2015
#4	-20.26% Nov 26, 2024 - Aug 22, 2025	-20.51% Jul 25, 2016 - Aug 1, 2019
#5	-7.65% Jul 16, 2024 - Aug 23, 2024	-18.20% Oct 21, 2010 - Jan 5, 2012
#6	-7.43% Jul 26, 2019 - Oct 25, 2019	-17.05% Jan 24, 2020 - Jul 10, 2020
#7	-6.99% Mar 28, 2024 - Jul 16, 2024	-16.42% Jun 4, 2003 - Mar 31, 2004
#8	-6.58% Feb 6, 2026 - Apr 13, 2026	-15.35% Feb 15, 2005 - Sep 7, 2005
#9	-6.43% Aug 30, 2021 - Nov 3, 2021	-13.69% Mar 31, 2004 - Oct 27, 2004
#10	-5.93% Nov 12, 2025 - Dec 5, 2025	-9.72% Nov 3, 1999 - Jul 27, 2000
#11	-5.90% Nov 16, 2021 - Dec 29, 2021	-8.85% Oct 7, 2009 - Mar 4, 2010
#12	-5.23% May 7, 2021 - Aug 3, 2021	-8.72% Feb 13, 2012 - May 2, 2012
#13	-5.10% Feb 12, 2021 - Mar 11, 2021	-8.29% Oct 8, 2002 - Mar 11, 2003
#14	-4.84% Aug 30, 2024 - Sep 19, 2024	-7.58% Oct 15, 2012 - Jan 17, 2013
#15	-4.62% Jan 20, 2021 - Feb 9, 2021	-7.49% Sep 7, 2005 - Feb 28, 2006

Correlation

Correlation between LSAF and NMT is 0.46 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.46

-101

Dividend Comparison (1999 - 2026)

LSAF vs NMT dividend yield comparison.

Year	LSAF	NMT
2026	0.00%	2.47%
2025	0.69%	7.27%
2024	0.42%	5.94%
2023	0.84%	3.06%
2022	0.96%	4.50%
2021	0.37%	3.43%
2020	0.53%	3.60%
2019	0.71%	3.46%
2018	0.20%	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%