NIM vs IROC

Comparison between Nuveen Select Maturities Municipal Fund (NIM, ETF) and INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF (IROC, ETF).

NIM vs IROC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NIM(ETF)	IROC(ETF)
Net Assets	$124M	$124M
Expense Ratio	N/A	0.39%
Max Drawdown	28.57%	6.98%
Sharpe Ratio	0.34	1.13
5Y Beta	0.13	0.03
5Y Dividends CAGR	0.59%	N/A

Net Assets

NIM

$124M

Winner

IROC

$124M

Expense Ratio

NIM

N/A

IROC

0.39%

Max Drawdown

NIM

28.57%

Winner

IROC

6.98%

Sharpe Ratio

NIM

0.34

Winner

IROC

1.13

5Y Beta

NIM

0.13

Winner

IROC

0.03

5Y Dividends CAGR

NIM

0.59%

IROC

N/A

NIM vs IROC - Historical Returns

Returns include dividend reinvestment.

Period	NIM	IROC
1 month	+0.32%	+0.56%
3 months	-4.48%	+1.73%
6 months	+2.08%	+3.03%
1 year	+6.14%	+6.60%
5 years(CAGR)	+0.10%	N/A
10 years(CAGR)	+1.77%	N/A
Max(CAGR)	+3.50%	+4.71%

NIM

+0.32%

Winner

IROC

+0.56%

NIM

-4.48%

Winner

IROC

+1.73%

NIM

+2.08%

Winner

IROC

+3.03%

NIM

+6.14%

Winner

IROC

+6.60%

5Y(CAGR)

NIM

+0.10%

IROC

N/A

10Y(CAGR)

NIM

+1.77%

IROC

N/A

Max(CAGR)

NIM

+3.50%

Winner

IROC

+4.71%

NIM vs IROC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NIM	IROC
2026	+1.54%	+2.50%
2025	+10.61%	+4.01%
2024	+2.15%	+4.75%
2023	+0.18%	+5.81%
2022	-12.38%	-0.88%
2021	+3.96%	N/A
2020	+4.94%	N/A
2019	+12.36%	N/A
2018	-0.58%	N/A
2017	+4.57%	N/A
2016	-1.60%	N/A
2015	-0.11%	N/A
2014	+14.08%	N/A
2013	-6.81%	N/A
2012	+0.95%	N/A
2011	+12.38%	N/A
2010	-0.53%	N/A
2009	+13.76%	N/A
2008	+6.10%	N/A
2007	-1.79%	N/A
2006	+8.94%	N/A
2005	+7.36%	N/A
2004	+3.05%	N/A
2003	+2.41%	N/A
2002	-1.91%	N/A
2001	+4.88%	N/A
2000	+10.49%	N/A
1999	-8.48%	N/A

NIM vs IROC Drawdown Comparison

The maximum drawdown for NIM was -19.96%, occurring on Oct 3, 2023. Recovery took 1054 trading sessions.

The maximum drawdown for IROC was -4.79%, occurring on Oct 25, 2023. Recovery took 88 trading sessions.

The current NIM drawdown is -5.34%. The current IROC drawdown is -0.40%.

Rank	NIM	IROC
#1	-19.96% Nov 18, 2021 - Feb 3, 2026	-4.79% Jul 26, 2023 - Nov 29, 2023
#2	-16.23% Feb 5, 2020 - Aug 13, 2020	-3.52% Mar 3, 2025 - Sep 8, 2025
#3	-16.21% Dec 3, 2012 - Sep 18, 2014	-2.93% Feb 2, 2023 - Jul 13, 2023
#4	-15.01% Jun 4, 2008 - Jan 9, 2009	-2.64% Feb 25, 2026 - May 29, 2026
#5	-14.42% Nov 3, 2010 - Nov 7, 2011	-1.46% Oct 2, 2024 - Nov 29, 2024
#6	-14.17% Nov 9, 2001 - Feb 22, 2005	-1.30% Dec 6, 2024 - Feb 4, 2025
#7	-12.13% Aug 1, 2016 - Apr 10, 2019	-1.05% May 15, 2024 - Jun 12, 2024
#8	-9.68% Nov 1, 1999 - Mar 30, 2000	-1.03% Mar 22, 2024 - May 7, 2024
#9	-8.81% Mar 2, 2012 - Sep 12, 2012	-1.00% Jan 12, 2024 - Jan 31, 2024
#10	-8.60% Jan 29, 2015 - Apr 1, 2016	-0.94% Dec 13, 2022 - Jan 9, 2023
#11	-7.95% Oct 3, 2005 - Jun 1, 2006	-0.84% Feb 1, 2024 - Feb 28, 2024
#12	-7.22% Feb 28, 2007 - Jan 14, 2008	-0.71% Aug 2, 2024 - Sep 4, 2024
#13	-6.67% Mar 16, 2026 - May 19, 2026	-0.55% Jun 14, 2024 - Jul 5, 2024
#14	-6.42% Jun 2, 2000 - Dec 19, 2000	-0.52% Nov 24, 2025 - Jan 2, 2026
#15	-6.42% Aug 13, 2001 - Oct 31, 2001	-0.47% Feb 6, 2025 - Feb 20, 2025

Correlation

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

0.93

-101

Dividend Comparison (2000 - 2026)

NIM vs IROC dividend yield comparison.

Year	NIM	IROC
2026	1.56%	2.14%
2025	3.61%	4.79%
2024	4.10%	4.08%
2023	3.49%	3.68%
2022	2.88%	0.00%
2021	2.69%	0.00%
2020	3.42%	0.00%
2019	3.03%	0.00%
2018	3.27%	0.00%
2017	3.15%	0.00%
2016	3.23%	0.00%
2015	3.27%	0.00%
2014	3.21%	0.00%
2013	3.60%	0.00%
2012	3.67%	0.00%
2011	3.86%	0.00%
2010	4.21%	0.00%
2009	4.08%	0.00%
2008	4.65%	0.00%
2007	4.76%	0.00%
2006	4.78%	0.00%
2005	4.95%	0.00%
2004	5.10%	0.00%
2003	5.39%	0.00%
2002	5.57%	0.00%
2001	6.25%	0.00%
2000	2.50%	0.00%