NACP vs NMS

Comparison between IMPACT SHARES NAACP MINORITY EMPOWERMENT ETF (NACP, ETF) and Nuveen Minnesota Quality Municipal Income Fund (NMS, ETF).

5-Year PerformanceNACP has outperformed NMS, delivering a return of +15.0% compared to +0.8%

NACP vs NMS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NACP(ETF)	NMS(ETF)
Net Assets	$76M	$76M
Expense Ratio	0.49%	N/A
Max Drawdown	30.96%	47.88%
Sharpe Ratio	1.77	1.46
5Y Beta	1.02	0.05
P/E Ratio	28.91	N/A
Forward P/E	19.38	N/A
PEG Ratio	0.21	N/A
5Y Dividends CAGR	-6.37%	6.98%
5Y EPS CAGR	23.29%	N/A
Debt to Equity	42.30%	N/A
P/S Ratio	3.72	N/A
P/B Ratio	5.43	N/A

Net Assets

NACP

$76M

NMS

$76M

Expense Ratio

NACP

0.49%

NMS

N/A

Max Drawdown

Winner

NACP

30.96%

NMS

47.88%

Sharpe Ratio

Winner

NACP

1.77

NMS

1.46

5Y Beta

NACP

1.02

Winner

NMS

0.05

P/E Ratio

NACP

28.91

NMS

N/A

Forward P/E

NACP

19.38

NMS

N/A

PEG Ratio

NACP

0.21

NMS

N/A

5Y Dividends CAGR

NACP

-6.37%

Winner

NMS

6.98%

5Y EPS CAGR

NACP

23.29%

NMS

N/A

Debt to Equity

NACP

42.30%

NMS

N/A

P/S Ratio

NACP

3.72

NMS

N/A

P/B Ratio

NACP

5.43

NMS

N/A

NACP vs NMS - Historical Returns

Returns include dividend reinvestment.

Period	NACP	NMS
1 month	-1.86%	+2.41%
3 months	+12.00%	+2.73%
6 months	+16.22%	+7.10%
1 year	+35.11%	+16.71%
5 years(CAGR)	+14.97%	+0.76%
10 years(CAGR)	+16.82%	+1.72%
Max(CAGR)	+16.82%	+3.30%

NACP

-1.86%

Winner

NMS

+2.41%

Winner

NACP

+12.00%

NMS

+2.73%

Winner

NACP

+16.22%

NMS

+7.10%

Winner

NACP

+35.11%

NMS

+16.71%

5Y(CAGR)

Winner

NACP

+14.97%

NMS

+0.76%

10Y(CAGR)

Winner

NACP

+16.82%

NMS

+1.72%

Max(CAGR)

Winner

NACP

+16.82%

NMS

+3.30%

NACP vs NMS - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	NACP	NMS
2026	+18.65%	+8.35%
2025	+21.38%	+2.31%
2024	+24.70%	+18.82%
2023	+30.17%	-0.21%
2022	-23.79%	-22.04%
2021	+29.00%	+6.60%
2020	+24.78%	+7.38%
2019	+29.84%	+23.39%
2018	-8.78%	-12.96%
2017	N/A	-4.05%
2016	N/A	+12.86%
2015	N/A	+6.24%
2014	N/A	-3.37%

NACP vs NMS Drawdown Comparison

The maximum drawdown for NACP was -30.96%, occurring on Mar 23, 2020. Recovery took 104 trading sessions.

The maximum drawdown for NMS was -38.76%, occurring on Oct 25, 2023. This drawdown has not yet recovered.

The current NACP drawdown is -2.67%. The current NMS drawdown is -2.79%.

Rank	NACP	NMS
#1	-30.96% Feb 20, 2020 - Jul 20, 2020	-38.76% Sep 16, 2021 - Oct 25, 2023
#2	-27.89% Jan 3, 2022 - Jan 18, 2024	-25.42% Sep 30, 2016 - Aug 11, 2020
#3	-19.65% Feb 19, 2025 - Jul 2, 2025	-7.35% Aug 19, 2020 - Oct 27, 2020
#4	-17.52% Sep 21, 2018 - Mar 21, 2019	-7.31% Mar 18, 2015 - Jan 29, 2016
#5	-9.86% Sep 2, 2020 - Nov 9, 2020	-6.32% Nov 6, 2014 - Jan 27, 2015
#6	-9.65% Jan 29, 2026 - Apr 14, 2026	-5.93% Jun 23, 2021 - Sep 14, 2021
#7	-8.73% Jul 16, 2024 - Sep 19, 2024	-5.58% Oct 15, 2014 - Nov 6, 2014
#8	-7.18% Apr 30, 2019 - Jun 20, 2019	-5.15% May 4, 2021 - Jun 23, 2021
#9	-6.91% Jul 26, 2019 - Oct 30, 2019	-4.27% Aug 15, 2016 - Sep 30, 2016
#10	-5.83% Oct 28, 2025 - Dec 5, 2025	-4.04% Apr 13, 2016 - Jun 6, 2016
#11	-5.73% Sep 3, 2021 - Oct 21, 2021	-4.00% Jul 6, 2016 - Aug 5, 2016
#12	-5.49% Feb 12, 2021 - Mar 15, 2021	-3.76% Jun 17, 2016 - Jul 6, 2016
#13	-5.36% Mar 28, 2024 - May 15, 2024	-3.60% Oct 27, 2020 - Nov 17, 2020
#14	-4.86% Jun 4, 2026 - Jun 15, 2026	-3.53% Feb 11, 2021 - Apr 14, 2021
#15	-4.85% Nov 19, 2021 - Dec 27, 2021	-2.67% Feb 11, 2016 - Feb 25, 2016

Correlation

Correlation between NACP and NMS is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53

-101

Dividend Comparison (2014 - 2026)

NACP vs NMS dividend yield comparison.

Year	NACP	NMS
2026	0.39%	3.75%
2025	0.62%	7.29%
2024	2.96%	6.05%
2023	1.28%	4.03%
2022	3.48%	5.24%
2021	3.06%	4.19%
2020	1.48%	3.93%
2019	1.22%	4.05%
2018	0.71%	5.52%
2017	0.00%	5.20%
2016	0.00%	4.68%
2015	0.00%	5.60%
2014	0.00%	0.96%