NAZ vs STOX

Comparison between Nuveen Arizona Quality Municipal Income Fund (NAZ, ETF) and HORIZON CORE EQUITY ETF (STOX, ETF).

NAZ vs STOX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NAZ(ETF)	STOX(ETF)
Net Assets	$149M	$150M
Expense Ratio	N/A	0.70%
Max Drawdown	48.77%	9.33%
Sharpe Ratio	1.24	1.38
5Y Beta	0.11	1.00
P/E Ratio	N/A	26.89
Forward P/E	N/A	21.30
PEG Ratio	N/A	0.47
5Y Dividends CAGR	8.31%	N/A
5Y EPS CAGR	N/A	25.81%
Debt to Equity	N/A	5.29%
P/S Ratio	N/A	3.67
P/B Ratio	N/A	5.79

Net Assets

NAZ

$149M

Winner

STOX

$150M

Expense Ratio

NAZ

N/A

STOX

0.70%

Max Drawdown

NAZ

48.77%

Winner

STOX

9.33%

Sharpe Ratio

NAZ

1.24

Winner

STOX

1.38

5Y Beta

Winner

NAZ

0.11

STOX

1.00

P/E Ratio

NAZ

N/A

STOX

26.89

Forward P/E

NAZ

N/A

STOX

21.30

PEG Ratio

NAZ

N/A

STOX

0.47

5Y Dividends CAGR

NAZ

8.31%

STOX

N/A

5Y EPS CAGR

NAZ

N/A

STOX

25.81%

Debt to Equity

NAZ

N/A

STOX

5.29%

P/S Ratio

NAZ

N/A

STOX

3.67

P/B Ratio

NAZ

N/A

STOX

5.79

NAZ vs STOX - Historical Returns

Returns include dividend reinvestment.

Period	NAZ	STOX
1 month	+2.48%	+0.36%
3 months	+6.72%	+9.67%
6 months	+12.39%	+8.67%
1 year	+18.99%	+21.61%
5 years(CAGR)	+0.77%	N/A
10 years(CAGR)	+2.54%	N/A
Max(CAGR)	+4.43%	+22.58%

Winner

NAZ

+2.48%

STOX

+0.36%

NAZ

+6.72%

Winner

STOX

+9.67%

Winner

NAZ

+12.39%

STOX

+8.67%

NAZ

+18.99%

Winner

STOX

+21.61%

5Y(CAGR)

NAZ

+0.77%

STOX

N/A

10Y(CAGR)

NAZ

+2.54%

STOX

N/A

Max(CAGR)

NAZ

+4.43%

Winner

STOX

+22.58%

NAZ vs STOX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NAZ	STOX
2026	+12.15%	+8.02%
2025	+11.54%	+12.56%
2024	+12.88%	N/A
2023	-1.90%	N/A
2022	-27.11%	N/A
2021	+5.02%	N/A
2020	+22.04%	N/A
2019	+16.46%	N/A
2018	-12.82%	N/A
2017	+5.58%	N/A
2016	-3.17%	N/A
2015	+11.35%	N/A
2014	+25.72%	N/A
2013	-16.80%	N/A
2012	+14.38%	N/A
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 STOX Drawdown Comparison

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

The maximum drawdown for STOX was -9.33%, occurring on Mar 30, 2026. Recovery took 50 trading sessions.

The current NAZ drawdown is -2.48%. The current STOX drawdown is -1.96%.

Rank	NAZ	STOX
#1	-38.28% Nov 9, 2021 - Apr 14, 2026	-9.33% Feb 2, 2026 - Apr 15, 2026
#2	-34.81% Apr 1, 2004 - Sep 22, 2009	-5.03% Oct 29, 2025 - Dec 10, 2025
#3	-28.08% Jul 6, 2016 - Sep 1, 2020	-3.95% Jun 2, 2026 - Jun 10, 2026
#4	-27.21% Jan 28, 2013 - Jan 28, 2015	-3.06% Dec 11, 2025 - Dec 23, 2025
#5	-20.06% Oct 29, 2010 - Dec 30, 2011	-2.71% Oct 8, 2025 - Oct 20, 2025
#6	-13.78% Jul 11, 2002 - Jun 12, 2003	-2.63% Jan 12, 2026 - Jan 27, 2026
#7	-13.30% Jul 15, 2003 - Feb 2, 2004	-1.93% Jul 30, 2025 - Aug 6, 2025
#8	-11.33% Nov 4, 1999 - Dec 11, 2000	-1.85% May 14, 2026 - May 26, 2026
#9	-6.87% Jan 14, 2010 - Aug 12, 2010	-1.52% Aug 14, 2025 - Aug 28, 2025
#10	-6.81% Dec 4, 2020 - May 28, 2021	-1.35% Aug 28, 2025 - Sep 4, 2025
#11	-5.89% Oct 6, 2009 - Jan 6, 2010	-1.30% Sep 22, 2025 - Oct 1, 2025
#12	-4.81% Mar 5, 2002 - Apr 23, 2002	-1.18% Jun 30, 2025 - Jul 17, 2025
#13	-4.69% Oct 3, 2012 - Jan 9, 2013	-1.15% Apr 17, 2026 - Apr 22, 2026
#14	-4.65% Feb 2, 2015 - Apr 17, 2015	-1.11% Dec 24, 2025 - Jan 6, 2026
#15	-4.64% Mar 13, 2012 - Mar 21, 2012	-0.91% Oct 20, 2025 - Oct 24, 2025

Correlation

Correlation between NAZ and STOX is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2000 - 2026)

NAZ vs STOX dividend yield comparison.

Year	NAZ	STOX
2026	2.52%	0.00%
2025	7.09%	0.19%
2024	6.20%	0.00%
2023	3.63%	0.00%
2022	5.01%	0.00%
2021	3.75%	0.00%
2020	3.52%	0.00%
2019	3.82%	0.00%
2018	4.52%	0.00%
2017	4.65%	0.00%
2016	5.53%	0.00%
2015	5.25%	0.00%
2014	5.53%	0.00%
2013	6.35%	0.00%
2012	5.01%	0.00%
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%