NAC vs FPEI

Comparison between Nuveen California Quality Municipal Income Fund (NAC, ETF) and FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES AND INCOME ETF (FPEI, ETF).

5-Year PerformanceFPEI has outperformed NAC, delivering a return of +4.2% compared to +0.4%

NAC vs FPEI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NAC(ETF)	FPEI(ETF)
Net Assets	$1.90B	$1.90B
Expense Ratio	N/A	0.85%
Max Drawdown	53.70%	27.77%
Sharpe Ratio	1.61	1.08
5Y Beta	0.15	0.15
5Y Dividends CAGR	6.31%	3.10%

Net Assets

NAC

$1.90B

FPEI

$1.90B

Expense Ratio

NAC

N/A

FPEI

0.85%

Max Drawdown

NAC

53.70%

Winner

FPEI

27.77%

Sharpe Ratio

Winner

NAC

1.61

FPEI

1.08

5Y Beta

Winner

NAC

0.15

FPEI

0.15

5Y Dividends CAGR

Winner

NAC

6.31%

FPEI

3.10%

NAC vs FPEI - Historical Returns

Returns include dividend reinvestment.

Period	NAC	FPEI
1 month	+2.64%	+0.89%
3 months	+5.54%	+3.08%
6 months	+5.60%	+1.93%
1 year	+16.84%	+7.87%
5 years(CAGR)	+0.43%	+4.19%
10 years(CAGR)	+2.00%	+5.01%
Max(CAGR)	+5.72%	+5.01%

Winner

NAC

+2.64%

FPEI

+0.89%

Winner

NAC

+5.54%

FPEI

+3.08%

Winner

NAC

+5.60%

FPEI

+1.93%

Winner

NAC

+16.84%

FPEI

+7.87%

5Y(CAGR)

NAC

+0.43%

Winner

FPEI

+4.19%

10Y(CAGR)

NAC

+2.00%

Winner

FPEI

+5.01%

Max(CAGR)

Winner

NAC

+5.72%

FPEI

+5.01%

NAC vs FPEI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NAC	FPEI
2026	+5.06%	+1.77%
2025	+11.67%	+9.64%
2024	+8.68%	+11.19%
2023	+3.70%	+5.88%
2022	-25.50%	-8.28%
2021	+7.55%	+4.74%
2020	+6.05%	+6.95%
2019	+20.38%	+16.30%
2018	-6.49%	-4.22%
2017	+6.56%	+2.22%
2016	-3.29%	N/A
2015	+9.41%	N/A
2014	+24.72%	N/A
2013	-16.01%	N/A
2012	+20.46%	N/A
2011	+25.12%	N/A
2010	+5.90%	N/A
2009	+30.62%	N/A
2008	-22.57%	N/A
2007	-11.93%	N/A
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 FPEI Drawdown Comparison

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

The maximum drawdown for FPEI was -27.51%, occurring on Mar 23, 2020. Recovery took 184 trading sessions.

The current NAC drawdown is -1.20%.

Rank	NAC	FPEI
#1	-46.34% May 8, 2007 - Oct 2, 2009	-27.51% Feb 18, 2020 - Nov 6, 2020
#2	-36.30% Sep 14, 2021 - Oct 25, 2023	-16.45% Sep 22, 2021 - Mar 20, 2024
#3	-28.72% Feb 21, 2020 - Dec 7, 2020	-6.01% Jan 26, 2018 - Mar 29, 2019
#4	-24.55% Jan 4, 2013 - Oct 30, 2014	-4.26% Feb 28, 2025 - May 13, 2025
#5	-18.84% Jul 8, 2016 - Jul 18, 2019	-3.62% Feb 20, 2026 - Jun 1, 2026
#6	-17.75% Sep 9, 2010 - Sep 1, 2011	-1.98% Feb 18, 2021 - Apr 13, 2021
#7	-15.95% Nov 2, 1999 - Jul 7, 2000	-1.92% Mar 26, 2024 - May 6, 2024
#8	-15.23% Mar 11, 2004 - Oct 15, 2004	-1.56% Dec 11, 2024 - Feb 5, 2025
#9	-10.99% Jun 13, 2003 - Jan 14, 2004	-1.21% Sep 30, 2024 - Dec 6, 2024
#10	-10.27% Oct 8, 2009 - May 5, 2010	-1.13% Nov 3, 2017 - Dec 29, 2017
#11	-8.73% Nov 15, 2001 - Jul 9, 2002	-0.97% Aug 1, 2024 - Aug 13, 2024
#12	-8.50% Sep 7, 2000 - Dec 22, 2000	-0.92% Oct 28, 2025 - Nov 28, 2025
#13	-8.45% Feb 29, 2012 - May 3, 2012	-0.92% Jul 29, 2019 - Aug 22, 2019
#14	-7.68% Sep 3, 2019 - Jan 30, 2020	-0.79% May 19, 2025 - May 29, 2025
#15	-7.64% Jan 31, 2001 - Jul 18, 2001	-0.78% May 2, 2019 - Jun 6, 2019

Correlation

Correlation between NAC and FPEI is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (1999 - 2026)

NAC vs FPEI dividend yield comparison.

Year	NAC	FPEI
2026	3.64%	2.37%
2025	7.47%	5.62%
2024	6.63%	5.55%
2023	4.03%	5.76%
2022	5.47%	5.20%
2021	4.18%	4.46%
2020	4.17%	4.90%
2019	4.38%	5.02%
2018	5.34%	5.81%
2017	5.54%	1.50%
2016	6.25%	0.00%
2015	6.05%	0.00%
2014	5.61%	0.00%
2013	6.92%	0.00%
2012	5.72%	0.00%
2011	6.38%	0.00%
2010	7.16%	0.00%
2009	6.40%	0.00%
2008	10.52%	0.00%
2007	6.01%	0.00%
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%