NAC vs PXH

Comparison between Nuveen California Quality Municipal Income Fund (NAC, ETF) and INVESCO RAFI EMERGING MARKETS ETF (PXH, ETF).

5-Year PerformancePXH has outperformed NAC, delivering a return of +9.6% compared to +0.8%

NAC vs PXH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NAC(ETF)	PXH(ETF)
Net Assets	$1.80B	$1.80B
Expense Ratio	N/A	0.47%
Max Drawdown	53.70%	64.04%
Sharpe Ratio	1.66	2.13
5Y Beta	0.15	0.69
5Y Dividends CAGR	8.29%	12.94%

Net Assets

NAC

$1.80B

PXH

$1.80B

Expense Ratio

NAC

N/A

PXH

0.47%

Max Drawdown

Winner

NAC

53.70%

PXH

64.04%

Sharpe Ratio

NAC

1.66

Winner

PXH

2.13

5Y Beta

Winner

NAC

0.15

PXH

0.69

5Y Dividends CAGR

NAC

8.29%

Winner

PXH

12.94%

NAC vs PXH - Historical Returns

Returns include dividend reinvestment.

Period	NAC	PXH
1 month	+2.69%	+6.03%
3 months	+2.48%	+4.41%
6 months	+3.26%	+14.99%
1 year	+17.32%	+39.89%
5 years(CAGR)	+0.81%	+9.64%
10 years(CAGR)	+2.09%	+11.11%
Max(CAGR)	+5.70%	+3.80%

NAC

+2.69%

Winner

PXH

+6.03%

NAC

+2.48%

Winner

PXH

+4.41%

NAC

+3.26%

Winner

PXH

+14.99%

NAC

+17.32%

Winner

PXH

+39.89%

5Y(CAGR)

NAC

+0.81%

Winner

PXH

+9.64%

10Y(CAGR)

NAC

+2.09%

Winner

PXH

+11.11%

Max(CAGR)

Winner

NAC

+5.70%

PXH

+3.80%

NAC vs PXH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NAC	PXH
2026	+3.72%	+11.65%
2025	+11.67%	+32.33%
2024	+8.68%	+13.60%
2023	+3.70%	+13.38%
2022	-25.50%	-15.91%
2021	+7.55%	+8.12%
2020	+6.05%	-4.00%
2019	+20.38%	+15.53%
2018	-6.49%	-10.54%
2017	+6.56%	+24.12%
2016	-3.29%	+36.69%
2015	+9.41%	-21.91%
2014	+24.72%	-3.34%
2013	-16.01%	-9.11%
2012	+20.46%	+12.13%
2011	+25.12%	-20.56%
2010	+5.90%	+10.08%
2009	+30.62%	+60.24%
2008	-22.57%	-44.13%
2007	-11.93%	+1.04%
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 PXH Drawdown Comparison

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

The maximum drawdown for PXH was -63.64%, occurring on Nov 20, 2008. Recovery took 866 trading sessions.

The current NAC drawdown is -2.46%. The current PXH drawdown is -0.41%.

Rank	NAC	PXH
#1	-46.34% May 8, 2007 - Oct 2, 2009	-63.64% Oct 29, 2007 - Apr 6, 2011
#2	-36.30% Sep 14, 2021 - Oct 25, 2023	-49.58% Apr 7, 2011 - Jan 2, 2018
#3	-28.72% Feb 21, 2020 - Dec 7, 2020	-40.40% Jan 26, 2018 - Feb 11, 2021
#4	-24.55% Jan 4, 2013 - Oct 30, 2014	-29.62% Feb 16, 2022 - May 16, 2024
#5	-18.84% Jul 8, 2016 - Jul 18, 2019	-17.73% Oct 7, 2024 - Jun 9, 2025
#6	-17.75% Sep 9, 2010 - Sep 1, 2011	-10.24% Feb 25, 2026 - May 5, 2026
#7	-15.95% Nov 2, 1999 - Jul 7, 2000	-9.29% Jun 10, 2021 - Feb 9, 2022
#8	-15.23% Mar 11, 2004 - Oct 15, 2004	-8.97% May 17, 2024 - Sep 24, 2024
#9	-10.99% Jun 13, 2003 - Jan 14, 2004	-6.09% Oct 12, 2007 - Oct 26, 2007
#10	-10.27% Oct 8, 2009 - May 5, 2010	-5.49% Feb 17, 2021 - May 7, 2021
#11	-8.73% Nov 15, 2001 - Jul 9, 2002	-4.78% Oct 6, 2025 - Oct 20, 2025
#12	-8.50% Sep 7, 2000 - Dec 22, 2000	-4.18% May 7, 2021 - May 27, 2021
#13	-8.45% Feb 29, 2012 - May 3, 2012	-4.06% Nov 12, 2025 - Jan 2, 2026
#14	-7.68% Sep 3, 2019 - Jan 30, 2020	-3.69% Jul 23, 2025 - Aug 12, 2025
#15	-7.64% Jan 31, 2001 - Jul 18, 2001	-3.46% Jan 29, 2026 - Feb 11, 2026

Correlation

Correlation between NAC and PXH is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.62

-101

Dividend Comparison (1999 - 2026)

NAC vs PXH dividend yield comparison.

Year	NAC	PXH
2026	2.45%	0.32%
2025	7.47%	4.02%
2024	6.63%	4.43%
2023	4.03%	4.84%
2022	5.47%	5.33%
2021	4.18%	4.69%
2020	4.17%	2.79%
2019	4.38%	3.28%
2018	5.34%	3.30%
2017	5.54%	2.74%
2016	6.25%	1.97%
2015	6.05%	3.44%
2014	5.61%	3.19%
2013	6.92%	2.80%
2012	5.72%	2.08%
2011	6.38%	2.46%
2010	7.16%	1.05%
2009	6.40%	0.83%
2008	10.52%	2.79%
2007	6.01%	0.44%
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%