NCA vs BSMQ

Comparison between Nuveen California Municipal Value Fund. (NCA, ETF) and INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF (BSMQ, ETF).

5-Year PerformanceNCA has outperformed BSMQ, delivering a return of +1.2% compared to +0.3%

NCA vs BSMQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NCA(ETF)	BSMQ(ETF)
Net Assets	$304M	$304M
Expense Ratio	N/A	0.18%
Max Drawdown	31.70%	13.32%
Sharpe Ratio	0.77	-0.56
5Y Beta	0.15	0.02
5Y Dividends CAGR	3.62%	14.20%

Net Assets

Winner

NCA

$304M

BSMQ

$304M

Expense Ratio

NCA

N/A

BSMQ

0.18%

Max Drawdown

NCA

31.70%

Winner

BSMQ

13.32%

Sharpe Ratio

Winner

NCA

0.77

BSMQ

-0.56

5Y Beta

NCA

0.15

Winner

BSMQ

0.02

5Y Dividends CAGR

NCA

3.62%

Winner

BSMQ

14.20%

NCA vs BSMQ - Historical Returns

Returns include dividend reinvestment.

Period	NCA	BSMQ
1 month	-0.01%	+0.11%
3 months	-0.28%	+0.09%
6 months	+6.68%	+1.11%
1 year	+12.67%	+2.78%
5 years(CAGR)	+1.17%	+0.29%
10 years(CAGR)	+2.02%	N/A
Max(CAGR)	+4.90%	+1.17%

NCA

-0.01%

Winner

BSMQ

+0.11%

NCA

-0.28%

Winner

BSMQ

+0.09%

Winner

NCA

+6.68%

BSMQ

+1.11%

Winner

NCA

+12.67%

BSMQ

+2.78%

5Y(CAGR)

Winner

NCA

+1.17%

BSMQ

+0.29%

10Y(CAGR)

NCA

+2.02%

BSMQ

N/A

Max(CAGR)

Winner

NCA

+4.90%

BSMQ

+1.17%

NCA vs BSMQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NCA	BSMQ
2026	+3.85%	+0.79%
2025	+10.13%	+2.81%
2024	-0.80%	+2.05%
2023	+8.96%	+3.36%
2022	-13.22%	-7.56%
2021	-2.16%	+0.85%
2020	+4.73%	+5.15%
2019	+19.52%	+0.24%
2018	-7.83%	N/A
2017	+1.75%	N/A
2016	+0.41%	N/A
2015	+8.06%	N/A
2014	+19.53%	N/A
2013	-5.95%	N/A
2012	+10.54%	N/A
2011	+16.12%	N/A
2010	+0.45%	N/A
2009	+10.05%	N/A
2008	-3.00%	N/A
2007	-5.56%	N/A
2006	+12.17%	N/A
2005	+9.35%	N/A
2004	+6.39%	N/A
2003	+3.67%	N/A
2002	+1.42%	N/A
2001	+11.60%	N/A
2000	+21.02%	N/A
1999	-8.03%	N/A

NCA vs BSMQ Drawdown Comparison

The maximum drawdown for NCA was -23.58%, occurring on Oct 10, 2008. Recovery took 580 trading sessions.

The maximum drawdown for BSMQ was -13.18%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The current NCA drawdown is -4.95%. The current BSMQ drawdown is -0.11%.

Rank	NCA	BSMQ
#1	-23.58% May 15, 2007 - Sep 1, 2009	-13.18% Mar 9, 2020 - Nov 19, 2020
#2	-22.97% Sep 16, 2021 - Jan 7, 2026	-11.50% Jul 19, 2021 - Dec 31, 2025
#3	-19.28% Mar 3, 2020 - Sep 14, 2020	-1.99% Feb 11, 2021 - Jun 8, 2021
#4	-14.95% Jan 24, 2013 - Apr 25, 2014	-0.87% Oct 21, 2019 - Dec 3, 2019
#5	-14.28% Sep 2, 2010 - Nov 9, 2011	-0.81% Jun 11, 2021 - Jul 19, 2021
#6	-13.49% Sep 22, 2016 - Jul 9, 2019	-0.37% Jan 31, 2020 - Feb 18, 2020
#7	-13.48% Nov 2, 1999 - Mar 30, 2000	-0.31% Jan 5, 2021 - Jan 25, 2021
#8	-12.31% Jun 26, 2003 - Feb 12, 2004	-0.25% Mar 5, 2026 - Apr 2, 2026
#9	-12.29% Feb 17, 2004 - Nov 16, 2004	-0.24% Mar 2, 2020 - Mar 9, 2020
#10	-10.28% Sep 30, 2002 - Jun 12, 2003	-0.24% May 13, 2026 - May 29, 2026
#11	-9.19% Jan 20, 2021 - Jul 29, 2021	-0.24% Apr 9, 2026 - May 13, 2026
#12	-8.33% Mar 30, 2000 - Jun 9, 2000	-0.23% Jan 26, 2026 - Feb 24, 2026
#13	-7.94% Mar 7, 2001 - Jul 23, 2001	-0.20% Dec 13, 2019 - Jan 2, 2020
#14	-7.88% Mar 1, 2012 - May 4, 2012	-0.17% Nov 30, 2020 - Dec 7, 2020
#15	-7.72% Aug 10, 2000 - Jan 4, 2001	-0.16% Nov 24, 2020 - Nov 30, 2020

Correlation

Correlation between NCA and BSMQ is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

NCA vs BSMQ dividend yield comparison.

Year	NCA	BSMQ
2026	1.61%	1.16%
2025	3.89%	2.74%
2024	4.12%	2.75%
2023	3.88%	2.47%
2022	3.66%	1.60%
2021	3.02%	1.14%
2020	2.98%	1.57%
2019	3.21%	0.44%
2018	3.79%	0.00%
2017	5.33%	0.00%
2016	4.36%	0.00%
2015	4.34%	0.00%
2014	4.45%	0.00%
2013	5.11%	0.00%
2012	4.69%	0.00%
2011	4.81%	0.00%
2010	5.32%	0.00%
2009	5.03%	0.00%
2008	6.90%	0.00%
2007	5.13%	0.00%
2006	4.78%	0.00%
2005	5.39%	0.00%
2004	6.01%	0.00%
2003	5.97%	0.00%
2002	5.49%	0.00%
2001	5.17%	0.00%
2000	2.31%	0.00%