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NCA vs SPY

Comparison between Nuveen California Municipal Value Fund. (NCA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed NCA, delivering a return of +13.3% compared to +1.2%

NCA vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
NCA
$304M
Winner
SPY
$735B
Expense Ratio
NCA
N/A
SPY
0.09%
Max Drawdown
Winner
NCA
31.70%
SPY
56.47%
Sharpe Ratio
NCA
0.77
Winner
SPY
1.62
5Y Beta
Winner
NCA
0.15
SPY
1.00
P/E Ratio
NCA
N/A
SPY
28.99
Forward P/E
NCA
N/A
SPY
22.37
5Y Dividends CAGR
NCA
3.62%
Winner
SPY
5.43%
5Y EPS CAGR
NCA
N/A
SPY
26.05%
Debt to Equity
NCA
N/A
SPY
32.40%
P/S Ratio
NCA
N/A
SPY
3.74
P/B Ratio
NCA
N/A
SPY
5.61

NCA vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
NCA
-0.01%
Winner
SPY
+1.90%
3M
NCA
-0.28%
Winner
SPY
+8.55%
6M
NCA
+6.68%
Winner
SPY
+8.18%
1Y
NCA
+12.67%
Winner
SPY
+25.79%
5Y(CAGR)
NCA
+1.17%
Winner
SPY
+13.32%
10Y(CAGR)
NCA
+2.02%
Winner
SPY
+15.19%
Max(CAGR)
NCA
+4.90%
Winner
SPY
+8.47%

NCA vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearNCASPY
2026+3.85%+8.26%
2025+10.13%+18.00%
2024-0.80%+25.59%
2023+8.96%+26.72%
2022-13.22%-18.64%
2021-2.16%+30.52%
2020+4.73%+17.28%
2019+19.52%+31.09%
2018-7.83%-5.24%
2017+1.75%+20.78%
2016+0.41%+13.59%
2015+8.06%+1.31%
2014+19.53%+14.56%
2013-5.95%+29.00%
2012+10.54%+14.17%
2011+16.12%+0.85%
2010+0.45%+13.14%
2009+10.05%+22.67%
2008-3.00%-36.25%
2007-5.56%+5.32%
2006+12.17%+13.85%
2005+9.35%+5.32%
2004+6.39%+10.75%
2003+3.67%+24.18%
2002+1.42%-22.42%
2001+11.60%-10.13%
2000+21.02%-8.84%
1999-8.03%+8.61%

NCA vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NCA drawdown is -4.95%. The current SPY drawdown is -2.90%.

RankNCASPY
#1-23.58%
May 15, 2007 - Sep 1, 2009		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-22.97%
Sep 16, 2021 - Jan 7, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-19.28%
Mar 3, 2020 - Sep 14, 2020		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-14.95%
Jan 24, 2013 - Apr 25, 2014		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-14.28%
Sep 2, 2010 - Nov 9, 2011		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-13.49%
Sep 22, 2016 - Jul 9, 2019		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-13.48%
Nov 2, 1999 - Mar 30, 2000		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-12.31%
Jun 26, 2003 - Feb 12, 2004		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-12.29%
Feb 17, 2004 - Nov 16, 2004		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-10.28%
Sep 30, 2002 - Jun 12, 2003		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-9.19%
Jan 20, 2021 - Jul 29, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-8.33%
Mar 30, 2000 - Jun 9, 2000		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-7.94%
Mar 7, 2001 - Jul 23, 2001		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-7.88%
Mar 1, 2012 - May 4, 2012		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-7.72%
Aug 10, 2000 - Jan 4, 2001		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NCA and SPY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82
-101

Dividend Comparison (1999 - 2026)

NCA vs SPY dividend yield comparison.

YearNCASPY
20261.61%0.24%
20253.89%1.07%
20244.12%1.21%
20233.88%1.40%
20223.66%1.65%
20213.02%1.20%
20202.98%1.52%
20193.21%1.75%
20183.79%2.04%
20175.33%1.80%
20164.36%2.03%
20154.34%2.06%
20144.45%1.87%
20135.11%1.81%
20124.69%2.18%
20114.81%2.05%
20105.32%1.80%
20095.03%1.95%
20086.90%3.02%
20075.13%1.85%
20064.78%1.73%
20055.39%1.73%
20046.01%1.82%
20035.97%1.47%
20025.49%1.70%
20015.17%1.25%
20002.31%1.15%
19990.00%0.24%

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