NAD vs MUNI

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

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

NAD vs MUNI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

NAD

$2.80B

MUNI

$2.80B

Expense Ratio

NAD

N/A

MUNI

0.35%

Max Drawdown

NAD

51.92%

Winner

MUNI

13.40%

Sharpe Ratio

NAD

0.86

Winner

MUNI

0.95

5Y Beta

NAD

0.22

Winner

MUNI

0.05

5Y Dividends CAGR

NAD

6.06%

Winner

MUNI

12.82%

NAD vs MUNI - Historical Returns

Returns include dividend reinvestment.

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

Winner

NAD

+1.45%

MUNI

+0.54%

NAD

-0.23%

Winner

MUNI

-0.23%

Winner

NAD

+4.80%

MUNI

+1.38%

Winner

NAD

+12.84%

MUNI

+6.07%

5Y(CAGR)

NAD

+0.58%

Winner

MUNI

+1.31%

10Y(CAGR)

Winner

NAD

+2.72%

MUNI

+2.16%

Max(CAGR)

Winner

NAD

+5.41%

MUNI

+2.75%

NAD vs MUNI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

NAD vs MUNI Drawdown Comparison

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

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

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

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

Correlation

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

0.97

-101

Dividend Comparison (2000 - 2026)

NAD vs MUNI dividend yield comparison.

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