NAC vs FIW

Comparison between Nuveen California Quality Municipal Income Fund (NAC, ETF) and FIRST TRUST WATER ETF (FIW, ETF).

5-Year PerformanceFIW has outperformed NAC, delivering a return of +5.5% compared to +0.8%

NAC vs FIW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NAC(ETF)	FIW(ETF)
Net Assets	$1.80B	$1.80B
Expense Ratio	N/A	0.51%
Max Drawdown	53.70%	53.09%
Sharpe Ratio	1.66	0.14
5Y Beta	0.15	0.76
P/E Ratio	N/A	25.10
Forward P/E	N/A	19.52
5Y Dividends CAGR	8.29%	15.26%
5Y EPS CAGR	N/A	14.56%
Debt to Equity	N/A	13.29%
P/S Ratio	N/A	2.39
P/B Ratio	N/A	3.56

Net Assets

NAC

$1.80B

FIW

$1.80B

Expense Ratio

NAC

N/A

FIW

0.51%

Max Drawdown

NAC

53.70%

Winner

FIW

53.09%

Sharpe Ratio

Winner

NAC

1.66

FIW

0.14

5Y Beta

Winner

NAC

0.15

FIW

0.76

P/E Ratio

NAC

N/A

FIW

25.10

Forward P/E

NAC

N/A

FIW

19.52

5Y Dividends CAGR

NAC

8.29%

Winner

FIW

15.26%

5Y EPS CAGR

NAC

N/A

FIW

14.56%

Debt to Equity

NAC

N/A

FIW

13.29%

P/S Ratio

NAC

N/A

FIW

2.39

P/B Ratio

NAC

N/A

FIW

3.56

NAC vs FIW - Historical Returns

Returns include dividend reinvestment.

Period	NAC	FIW
1 month	+2.69%	-1.31%
3 months	+2.48%	-7.30%
6 months	+3.26%	-4.86%
1 year	+17.32%	+2.92%
5 years(CAGR)	+0.81%	+5.47%
10 years(CAGR)	+2.09%	+12.67%
Max(CAGR)	+5.70%	+9.92%

Winner

NAC

+2.69%

FIW

-1.31%

Winner

NAC

+2.48%

FIW

-7.30%

Winner

NAC

+3.26%

FIW

-4.86%

Winner

NAC

+17.32%

FIW

+2.92%

5Y(CAGR)

NAC

+0.81%

Winner

FIW

+5.47%

10Y(CAGR)

NAC

+2.09%

Winner

FIW

+12.67%

Max(CAGR)

NAC

+5.70%

Winner

FIW

+9.92%

NAC vs FIW - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NAC	FIW
2026	+3.72%	-3.38%
2025	+11.67%	+7.87%
2024	+8.68%	+9.21%
2023	+3.70%	+20.40%
2022	-25.50%	-14.55%
2021	+7.55%	+34.09%
2020	+6.05%	+21.07%
2019	+20.38%	+37.78%
2018	-6.49%	-9.11%
2017	+6.56%	+23.30%
2016	-3.29%	+34.28%
2015	+9.41%	-9.41%
2014	+24.72%	+1.96%
2013	-16.01%	+27.47%
2012	+20.46%	+24.03%
2011	+25.12%	-6.46%
2010	+5.90%	+17.62%
2009	+30.62%	+17.83%
2008	-22.57%	-27.98%
2007	-11.93%	+11.37%
2006	+3.46%	N/A
2005	+15.65%	N/A
2004	+4.51%	N/A
2003	+11.16%	N/A
2002	+9.23%	N/A
2001	+9.47%	N/A
2000	+22.89%	N/A
1999	-13.99%	N/A

NAC vs FIW Drawdown Comparison

The maximum drawdown for NAC was -46.34%, occurring on Dec 12, 2008. Recovery took 607 trading sessions.

The maximum drawdown for FIW was -52.75%, occurring on Mar 9, 2009. Recovery took 712 trading sessions.

The current NAC drawdown is -2.46%. The current FIW drawdown is -8.69%.

Rank	NAC	FIW
#1	-46.34% May 8, 2007 - Oct 2, 2009	-52.75% Jun 5, 2008 - Apr 1, 2011
#2	-36.30% Sep 14, 2021 - Oct 25, 2023	-36.60% Feb 19, 2020 - Oct 8, 2020
#3	-28.72% Feb 21, 2020 - Dec 7, 2020	-28.54% Nov 19, 2021 - Dec 14, 2023
#4	-24.55% Jan 4, 2013 - Oct 30, 2014	-25.13% Jul 7, 2011 - Feb 23, 2012
#5	-18.84% Jul 8, 2016 - Jul 18, 2019	-22.21% Jun 20, 2014 - Apr 20, 2016
#6	-17.75% Sep 9, 2010 - Sep 1, 2011	-19.49% Sep 20, 2018 - Feb 25, 2019
#7	-15.95% Nov 2, 1999 - Jul 7, 2000	-18.97% Oct 9, 2007 - May 28, 2008
#8	-15.23% Mar 11, 2004 - Oct 15, 2004	-18.32% Nov 6, 2024 - Jul 3, 2025
#9	-10.99% Jun 13, 2003 - Jan 14, 2004	-12.74% Jan 22, 2026 - Mar 30, 2026
#10	-10.27% Oct 8, 2009 - May 5, 2010	-12.27% Apr 2, 2012 - Aug 16, 2012
#11	-8.73% Nov 15, 2001 - Jul 9, 2002	-9.60% Jul 19, 2007 - Sep 19, 2007
#12	-8.50% Sep 7, 2000 - Dec 22, 2000	-9.33% Jan 26, 2018 - Jul 26, 2018
#13	-8.45% Feb 29, 2012 - May 3, 2012	-8.79% Apr 6, 2011 - Jul 7, 2011
#14	-7.68% Sep 3, 2019 - Jan 30, 2020	-8.43% May 15, 2024 - Jul 31, 2024
#15	-7.64% Jan 31, 2001 - Jul 18, 2001	-7.96% May 21, 2013 - Jul 11, 2013

Correlation

Correlation between NAC and FIW is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (1999 - 2026)

NAC vs FIW dividend yield comparison.

Year	NAC	FIW
2026	2.45%	0.18%
2025	7.47%	0.69%
2024	6.63%	0.69%
2023	4.03%	0.68%
2022	5.47%	0.67%
2021	4.18%	0.37%
2020	4.17%	0.56%
2019	4.38%	0.55%
2018	5.34%	0.73%
2017	5.54%	1.13%
2016	6.25%	0.51%
2015	6.05%	0.76%
2014	5.61%	0.75%
2013	6.92%	0.62%
2012	5.72%	0.95%
2011	6.38%	0.91%
2010	7.16%	0.64%
2009	6.40%	1.04%
2008	10.52%	0.75%
2007	6.01%	0.20%
2006	5.77%	0.00%
2005	6.22%	0.00%
2004	6.92%	0.00%
2003	6.26%	0.00%
2002	6.47%	0.00%
2001	6.21%	0.00%
2000	6.07%	0.00%
1999	1.19%	0.00%