NAZ vs BWG

Comparison between Nuveen Arizona Quality Municipal Income Fund (NAZ, ETF) and BrandywineGLOBAL - Global Income Opportunities Fund Inc (BWG, ETF).

5-Year PerformanceBWG has outperformed NAZ, delivering a return of +1.7% compared to +1.5%

NAZ vs BWG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NAZ(ETF)	BWG(ETF)
Net Assets	$149M	$149M
Max Drawdown	48.77%	67.84%
Sharpe Ratio	1.55	0.53
5Y Beta	0.11	0.34
5Y Dividends CAGR	8.31%	1.61%

Net Assets

Winner

NAZ

$149M

BWG

$149M

Max Drawdown

Winner

NAZ

48.77%

BWG

67.84%

Sharpe Ratio

Winner

NAZ

1.55

BWG

0.53

5Y Beta

Winner

NAZ

0.11

BWG

0.34

5Y Dividends CAGR

Winner

NAZ

8.31%

BWG

1.61%

NAZ vs BWG - Historical Returns

Returns include dividend reinvestment.

Period	NAZ	BWG
1 month	+5.62%	-0.87%
3 months	+10.28%	+1.04%
6 months	+14.48%	-1.93%
1 year	+23.28%	+9.34%
5 years(CAGR)	+1.53%	+1.66%
10 years(CAGR)	+2.93%	+4.90%
Max(CAGR)	+4.54%	+3.07%

Winner

NAZ

+5.62%

BWG

-0.87%

Winner

NAZ

+10.28%

BWG

+1.04%

Winner

NAZ

+14.48%

BWG

-1.93%

Winner

NAZ

+23.28%

BWG

+9.34%

5Y(CAGR)

NAZ

+1.53%

Winner

BWG

+1.66%

10Y(CAGR)

NAZ

+2.93%

Winner

BWG

+4.90%

Max(CAGR)

Winner

NAZ

+4.54%

BWG

+3.07%

NAZ vs BWG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NAZ	BWG
2026	+15.00%	-1.46%
2025	+11.54%	+16.63%
2024	+12.88%	+8.11%
2023	-1.90%	+15.67%
2022	-27.11%	-21.86%
2021	+5.02%	+2.00%
2020	+22.04%	+4.50%
2019	+16.46%	+30.08%
2018	-12.82%	-12.62%
2017	+5.58%	+16.07%
2016	-3.17%	+12.89%
2015	+11.35%	-20.90%
2014	+25.72%	+7.60%
2013	-16.80%	-9.61%
2012	+14.38%	+6.06%
2011	+17.63%	N/A
2010	+3.58%	N/A
2009	+40.86%	N/A
2008	-22.86%	N/A
2007	-4.82%	N/A
2006	-0.29%	N/A
2005	-0.39%	N/A
2004	+0.02%	N/A
2003	+11.61%	N/A
2002	+0.75%	N/A
2001	+6.83%	N/A
2000	+15.21%	N/A
1999	-9.75%	N/A

NAZ vs BWG Drawdown Comparison

The maximum drawdown for NAZ was -38.28%, occurring on Oct 25, 2023. Recovery took 1109 trading sessions.

The maximum drawdown for BWG was -35.45%, occurring on Jan 20, 2016. Recovery took 1182 trading sessions.

The current BWG drawdown is -5.54%.

Rank	NAZ	BWG
#1	-38.28% Nov 9, 2021 - Apr 14, 2026	-35.45% May 9, 2013 - Jan 18, 2018
#2	-34.81% Apr 1, 2004 - Sep 22, 2009	-34.27% Feb 20, 2020 - Jan 28, 2021
#3	-28.08% Jul 6, 2016 - Sep 1, 2020	-34.11% Sep 3, 2021 - Jun 30, 2025
#4	-27.21% Jan 28, 2013 - Jan 28, 2015	-18.97% Jan 25, 2018 - Aug 1, 2019
#5	-20.06% Oct 29, 2010 - Dec 30, 2011	-13.69% May 7, 2012 - Aug 6, 2012
#6	-13.78% Jul 11, 2002 - Jun 12, 2003	-12.02% Feb 11, 2026 - Mar 30, 2026
#7	-13.30% Jul 15, 2003 - Feb 2, 2004	-5.70% Sep 17, 2025 - Jan 28, 2026
#8	-11.33% Nov 4, 1999 - Dec 11, 2000	-4.94% Feb 17, 2021 - May 27, 2021
#9	-6.87% Jan 14, 2010 - Aug 12, 2010	-4.71% Feb 11, 2013 - Apr 9, 2013
#10	-6.81% Dec 4, 2020 - May 28, 2021	-4.44% Aug 7, 2012 - Sep 6, 2012
#11	-5.89% Oct 6, 2009 - Jan 6, 2010	-4.37% Nov 12, 2012 - Dec 11, 2012
#12	-4.81% Mar 5, 2002 - Apr 23, 2002	-3.10% Jun 9, 2021 - Aug 30, 2021
#13	-4.69% Oct 3, 2012 - Jan 9, 2013	-3.09% Oct 23, 2012 - Nov 9, 2012
#14	-4.65% Feb 2, 2015 - Apr 17, 2015	-2.00% Jul 9, 2025 - Aug 4, 2025
#15	-4.64% Mar 13, 2012 - Mar 21, 2012	-1.80% Aug 16, 2019 - Sep 24, 2019

Correlation

Correlation between NAZ and BWG is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (2000 - 2026)

NAZ vs BWG dividend yield comparison.

Year	NAZ	BWG
2026	2.46%	5.10%
2025	7.09%	11.47%
2024	6.20%	12.00%
2023	3.63%	11.73%
2022	5.01%	13.25%
2021	3.75%	8.20%
2020	3.52%	6.81%
2019	3.82%	6.55%
2018	4.52%	8.70%
2017	4.65%	8.35%
2016	5.53%	10.31%
2015	5.25%	16.41%
2014	5.53%	8.95%
2013	6.35%	10.28%
2012	5.01%	4.64%
2011	5.35%	0.00%
2010	5.76%	0.00%
2009	5.11%	0.00%
2008	6.72%	0.00%
2007	4.90%	0.00%
2006	4.62%	0.00%
2005	5.41%	0.00%
2004	5.95%	0.00%
2003	5.68%	0.00%
2002	5.93%	0.00%
2001	5.35%	0.00%
2000	2.21%	0.00%