MUNI vs NAD

Comparison between PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (MUNI, ETF) and Nuveen Quality Municipal Income Fund (NAD, ETF).

5-Year PerformanceMUNI has outperformed NAD, delivering a return of +1.3% compared to +0.6%

MUNI vs NAD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUNI(ETF)	NAD(ETF)
Net Assets	$2.80B	$2.80B
Expense Ratio	0.35%	N/A
Max Drawdown	13.40%	51.92%
Sharpe Ratio	0.95	0.86
5Y Beta	0.05	0.22
5Y Dividends CAGR	12.82%	6.06%

Net Assets

MUNI

$2.80B

NAD

$2.80B

Expense Ratio

MUNI

0.35%

NAD

N/A

Max Drawdown

Winner

MUNI

13.40%

NAD

51.92%

Sharpe Ratio

Winner

MUNI

0.95

NAD

0.86

5Y Beta

Winner

MUNI

0.05

NAD

0.22

5Y Dividends CAGR

Winner

MUNI

12.82%

NAD

6.06%

MUNI vs NAD - Historical Returns

Returns include dividend reinvestment.

Period	MUNI	NAD
1 month	+0.54%	+1.45%
3 months	-0.23%	-0.23%
6 months	+1.38%	+4.80%
1 year	+6.07%	+12.84%
5 years(CAGR)	+1.31%	+0.58%
10 years(CAGR)	+2.16%	+2.72%
Max(CAGR)	+2.75%	+5.41%

MUNI

+0.54%

Winner

NAD

+1.45%

Winner

MUNI

-0.23%

NAD

-0.23%

MUNI

+1.38%

Winner

NAD

+4.80%

MUNI

+6.07%

Winner

NAD

+12.84%

5Y(CAGR)

Winner

MUNI

+1.31%

NAD

+0.58%

10Y(CAGR)

MUNI

+2.16%

Winner

NAD

+2.72%

Max(CAGR)

MUNI

+2.75%

Winner

NAD

+5.41%

MUNI vs NAD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MUNI	NAD
2026	+1.01%	+1.69%
2025	+4.61%	+9.76%
2024	+1.60%	+8.94%
2023	+5.98%	-0.28%
2022	-6.69%	-22.45%
2021	+0.64%	+10.21%
2020	+4.77%	+10.73%
2019	+6.95%	+20.11%
2018	+1.10%	-5.76%
2017	+4.72%	+5.98%
2016	-0.48%	+2.05%
2015	+2.66%	+7.80%
2014	+5.58%	+19.78%
2013	-2.51%	-15.11%
2012	+4.73%	+12.07%
2011	+8.18%	+21.18%
2010	+3.95%	+1.99%
2009	-0.37%	+38.25%
2008	N/A	-21.38%
2007	N/A	-10.97%
2006	N/A	+13.53%
2005	N/A	+4.63%
2004	N/A	+2.48%
2003	N/A	+11.63%
2002	N/A	+9.42%
2001	N/A	+7.43%
2000	N/A	+15.65%
1999	N/A	-11.78%

MUNI vs NAD Drawdown Comparison

The maximum drawdown for MUNI was -11.15%, occurring on Oct 25, 2022. Recovery took 766 trading sessions.

The maximum drawdown for NAD was -44.61%, occurring on Oct 10, 2008. Recovery took 663 trading sessions.

The current MUNI drawdown is -0.94%. The current NAD drawdown is -4.31%.

Rank	MUNI	NAD
#1	-11.15% Jul 19, 2021 - Aug 5, 2024	-44.61% Jan 22, 2007 - Sep 8, 2009
#2	-10.81% Mar 9, 2020 - Jul 16, 2020	-35.57% Sep 15, 2021 - Oct 25, 2023
#3	-6.25% May 2, 2013 - Aug 11, 2014	-25.39% Mar 6, 2020 - Nov 16, 2020
#4	-5.09% Aug 23, 2016 - Aug 14, 2017	-21.47% Nov 30, 2012 - Dec 4, 2014
#5	-4.13% Aug 31, 2010 - May 18, 2011	-18.90% Sep 1, 2010 - Nov 22, 2011
#6	-3.67% Feb 28, 2025 - Sep 5, 2025	-17.47% Mar 9, 2004 - Jun 7, 2005
#7	-2.70% Jan 30, 2015 - Dec 1, 2015	-15.78% Nov 2, 1999 - Dec 8, 2000
#8	-2.29% Feb 27, 2026 - Mar 26, 2026	-15.38% Aug 12, 2016 - May 13, 2019
#9	-2.27% Oct 2, 2024 - Dec 6, 2024	-10.12% Jun 17, 2003 - Jan 7, 2004
#10	-2.26% Dec 6, 2024 - Feb 26, 2025	-9.48% Nov 6, 2001 - Jun 7, 2002
#11	-2.25% Sep 22, 2011 - Dec 6, 2011	-9.39% Oct 4, 2002 - May 1, 2003
#12	-1.99% Dec 5, 2012 - May 1, 2013	-8.80% Sep 9, 2005 - Aug 17, 2006
#13	-1.80% Sep 8, 2017 - Aug 15, 2018	-8.02% Oct 8, 2009 - Feb 1, 2010
#14	-1.73% Feb 11, 2021 - Jun 9, 2021	-6.14% Jan 30, 2015 - Nov 3, 2015
#15	-1.66% Mar 12, 2010 - May 21, 2010	-5.87% Mar 1, 2012 - May 3, 2012

Correlation

Correlation between MUNI and NAD is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2000 - 2026)

MUNI vs NAD dividend yield comparison.

Year	MUNI	NAD
2026	1.07%	2.36%
2025	3.26%	7.37%
2024	3.50%	6.63%
2023	3.09%	4.13%
2022	2.13%	5.58%
2021	1.62%	4.43%
2020	1.92%	4.41%
2019	2.44%	4.40%
2018	2.38%	5.37%
2017	2.37%	5.42%
2016	2.37%	6.05%
2015	2.20%	5.96%
2014	1.91%	6.20%
2013	2.30%	7.10%
2012	2.27%	5.43%
2011	2.33%	6.07%
2010	2.54%	7.07%
2009	0.09%	6.27%
2008	0.00%	7.76%
2007	0.00%	5.99%
2006	0.00%	5.41%
2005	0.00%	6.70%
2004	0.00%	6.90%
2003	0.00%	6.47%
2002	0.00%	6.35%
2001	0.00%	6.14%
2000	0.00%	2.50%