NAD vs SPY
Comparison between Nuveen Quality Municipal Income Fund (NAD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NAD, delivering a return of +13.2% compared to +0.3%
NAD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NAD
$2.80B
Winner
SPY
$784B
Expense Ratio
NAD
N/A
SPY
0.09%
Max Drawdown
Winner
NAD
51.92%
SPY
56.47%
Sharpe Ratio
NAD
1.02
Winner
SPY
1.54
5Y Beta
Winner
NAD
0.22
SPY
1.00
P/E Ratio
NAD
N/A
SPY
27.62
Forward P/E
NAD
N/A
SPY
21.11
5Y Dividends CAGR
NAD
3.91%
Winner
SPY
6.00%
5Y EPS CAGR
NAD
N/A
SPY
25.30%
Debt to Equity
NAD
N/A
SPY
31.11%
P/S Ratio
NAD
N/A
SPY
3.49
P/B Ratio
NAD
N/A
SPY
5.30
NAD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NAD
+3.62%
SPY
-1.37%
3M
NAD
+3.62%
Winner
SPY
+12.22%
6M
NAD
+3.34%
Winner
SPY
+7.20%
1Y
NAD
+15.18%
Winner
SPY
+23.58%
5Y(CAGR)
NAD
+0.27%
Winner
SPY
+13.19%
10Y(CAGR)
NAD
+2.97%
Winner
SPY
+15.12%
Max(CAGR)
NAD
+5.44%
Winner
SPY
+8.44%
NAD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NAD | SPY |
|---|---|---|
| 2026 | +3.16% | +7.95% |
| 2025 | +9.76% | +18.00% |
| 2024 | +8.94% | +25.59% |
| 2023 | -0.28% | +26.72% |
| 2022 | -22.45% | -18.64% |
| 2021 | +10.21% | +30.52% |
| 2020 | +10.73% | +17.28% |
| 2019 | +20.11% | +31.09% |
| 2018 | -5.76% | -5.24% |
| 2017 | +5.98% | +20.78% |
| 2016 | +2.05% | +13.59% |
| 2015 | +7.80% | +1.31% |
| 2014 | +19.78% | +14.56% |
| 2013 | -15.11% | +29.00% |
| 2012 | +12.07% | +14.17% |
| 2011 | +21.18% | +0.85% |
| 2010 | +1.99% | +13.14% |
| 2009 | +38.25% | +22.67% |
| 2008 | -21.38% | -36.25% |
| 2007 | -10.97% | +5.32% |
| 2006 | +13.53% | +13.85% |
| 2005 | +4.63% | +5.32% |
| 2004 | +2.48% | +10.75% |
| 2003 | +11.63% | +24.18% |
| 2002 | +9.42% | -22.42% |
| 2001 | +7.43% | -10.13% |
| 2000 | +15.65% | -8.84% |
| 1999 | -11.78% | +8.61% |
NAD vs SPY Drawdown Comparison
The maximum drawdown for NAD was -44.61%, occurring on Oct 10, 2008. Recovery took 663 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NAD drawdown is -2.92%. The current SPY drawdown is -3.18%.
| Rank | NAD | SPY |
|---|---|---|
| #1 | -44.61% Jan 22, 2007 - Sep 8, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -35.57% Sep 15, 2021 - Oct 25, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -25.39% Mar 6, 2020 - Nov 16, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.47% Nov 30, 2012 - Dec 4, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.90% Sep 1, 2010 - Nov 22, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.47% Mar 9, 2004 - Jun 7, 2005 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.78% Nov 2, 1999 - Dec 8, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.38% Aug 12, 2016 - May 13, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.12% Jun 17, 2003 - Jan 7, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.48% Nov 6, 2001 - Jun 7, 2002 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.39% Oct 4, 2002 - May 1, 2003 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.80% Sep 9, 2005 - Aug 17, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.02% Oct 8, 2009 - Feb 1, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.14% Jan 30, 2015 - Nov 3, 2015 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.87% Mar 1, 2012 - May 3, 2012 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NAD and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (1999 - 2026)
NAD vs SPY dividend yield comparison.
| Year | NAD | SPY |
|---|---|---|
| 2026 | 3.53% | 0.50% |
| 2025 | 7.37% | 1.07% |
| 2024 | 6.63% | 1.21% |
| 2023 | 4.13% | 1.40% |
| 2022 | 5.58% | 1.65% |
| 2021 | 4.43% | 1.20% |
| 2020 | 4.41% | 1.52% |
| 2019 | 4.40% | 1.75% |
| 2018 | 5.37% | 2.04% |
| 2017 | 5.42% | 1.80% |
| 2016 | 6.05% | 2.03% |
| 2015 | 5.96% | 2.06% |
| 2014 | 6.20% | 1.87% |
| 2013 | 7.10% | 1.81% |
| 2012 | 5.43% | 2.18% |
| 2011 | 6.07% | 2.05% |
| 2010 | 7.07% | 1.80% |
| 2009 | 6.27% | 1.95% |
| 2008 | 7.76% | 3.02% |
| 2007 | 5.99% | 1.85% |
| 2006 | 5.41% | 1.73% |
| 2005 | 6.70% | 1.73% |
| 2004 | 6.90% | 1.82% |
| 2003 | 6.47% | 1.47% |
| 2002 | 6.35% | 1.70% |
| 2001 | 6.14% | 1.25% |
| 2000 | 2.50% | 1.15% |
| 1999 | 0.00% | 0.24% |
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