NKX vs AVNM
Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and AVANTIS ALL INTERNATIONAL MARKETS EQUITY ETF (AVNM, ETF).
NKX vs AVNM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NKX
$667M
AVNM
$666M
Expense Ratio
NKX
N/A
AVNM
0.31%
Max Drawdown
NKX
48.99%
Winner
AVNM
14.35%
Sharpe Ratio
NKX
1.29
Winner
AVNM
1.38
5Y Beta
Winner
NKX
0.12
AVNM
0.74
5Y Dividends CAGR
NKX
8.36%
AVNM
N/A
NKX vs AVNM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NKX
+0.68%
AVNM
-2.97%
3M
Winner
NKX
+4.12%
AVNM
+2.41%
6M
NKX
+1.03%
Winner
AVNM
+7.55%
1Y
NKX
+16.34%
Winner
AVNM
+27.21%
5Y(CAGR)
NKX
+0.32%
AVNM
N/A
10Y(CAGR)
NKX
+2.06%
AVNM
N/A
Max(CAGR)
NKX
+4.92%
Winner
AVNM
+20.84%
NKX vs AVNM - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | NKX | AVNM |
|---|---|---|
| 2026 | +3.90% | +11.30% |
| 2025 | +4.64% | +38.43% |
| 2024 | +16.57% | +6.71% |
| 2023 | -3.34% | +8.62% |
| 2022 | -18.48% | N/A |
| 2021 | +4.57% | N/A |
| 2020 | +7.61% | N/A |
| 2019 | +23.74% | N/A |
| 2018 | -13.29% | N/A |
| 2017 | +12.78% | N/A |
| 2016 | -1.75% | N/A |
| 2015 | +11.55% | N/A |
| 2014 | +28.02% | N/A |
| 2013 | -13.32% | N/A |
| 2012 | +6.03% | N/A |
| 2011 | +28.66% | N/A |
| 2010 | +2.31% | N/A |
| 2009 | +26.36% | N/A |
| 2008 | -24.06% | N/A |
| 2007 | +0.18% | N/A |
| 2006 | +14.75% | N/A |
| 2005 | +0.57% | N/A |
| 2004 | +9.14% | N/A |
| 2003 | +0.81% | N/A |
NKX vs AVNM Drawdown Comparison
The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.
The maximum drawdown for AVNM was -14.03%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The current NKX drawdown is -2.05%. The current AVNM drawdown is -3.03%.
| Rank | NKX | AVNM |
|---|---|---|
| #1 | -43.86% Jan 14, 2008 - Sep 16, 2009 | -14.03% Mar 19, 2025 - May 2, 2025 |
| #2 | -35.62% Nov 12, 2021 - Feb 11, 2026 | -11.59% Feb 25, 2026 - May 6, 2026 |
| #3 | -27.52% Feb 7, 2020 - Aug 10, 2020 | -10.53% Jul 31, 2023 - Dec 14, 2023 |
| #4 | -23.95% Nov 30, 2012 - Dec 10, 2014 | -9.45% Sep 26, 2024 - Mar 7, 2025 |
| #5 | -19.95% Sep 8, 2016 - Jul 19, 2019 | -8.03% Jul 12, 2024 - Aug 23, 2024 |
| #6 | -19.40% Aug 16, 2010 - Oct 27, 2011 | -5.17% Jun 2, 2026 - Jun 10, 2026 |
| #7 | -15.06% Jun 13, 2003 - Sep 20, 2004 | -4.61% Nov 12, 2025 - Dec 10, 2025 |
| #8 | -12.43% Apr 23, 2007 - Jan 14, 2008 | -4.33% Apr 9, 2024 - May 6, 2024 |
| #9 | -9.74% Feb 11, 2026 - Mar 30, 2026 | -4.32% Dec 27, 2023 - Feb 16, 2024 |
| #10 | -9.66% Oct 8, 2009 - Jun 18, 2010 | -3.92% Aug 23, 2024 - Sep 19, 2024 |
| #11 | -9.63% Jun 2, 2006 - Oct 4, 2006 | -3.66% Jul 23, 2025 - Aug 12, 2025 |
| #12 | -8.70% May 31, 2005 - Jan 23, 2006 | -3.41% May 20, 2024 - Jul 11, 2024 |
| #13 | -7.75% Feb 15, 2012 - May 1, 2012 | -3.35% Oct 6, 2025 - Oct 24, 2025 |
| #14 | -7.27% Jan 30, 2015 - Oct 8, 2015 | -3.13% May 11, 2026 - May 26, 2026 |
| #15 | -6.76% Mar 14, 2005 - May 31, 2005 | -2.69% Jul 3, 2023 - Jul 12, 2023 |
Correlation
Correlation between NKX and AVNM is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2003 - 2026)
NKX vs AVNM dividend yield comparison.
| Year | NKX | AVNM |
|---|---|---|
| 2026 | 4.22% | 1.13% |
| 2025 | 7.33% | 2.76% |
| 2024 | 6.14% | 3.51% |
| 2023 | 4.38% | 1.69% |
| 2022 | 5.17% | 0.00% |
| 2021 | 4.21% | 0.00% |
| 2020 | 4.05% | 0.00% |
| 2019 | 4.06% | 0.00% |
| 2018 | 5.25% | 0.00% |
| 2017 | 5.06% | 0.00% |
| 2016 | 6.18% | 0.00% |
| 2015 | 5.66% | 0.00% |
| 2014 | 5.24% | 0.00% |
| 2013 | 7.03% | 0.00% |
| 2012 | 5.64% | 0.00% |
| 2011 | 5.62% | 0.00% |
| 2010 | 6.56% | 0.00% |
| 2009 | 5.91% | 0.00% |
| 2008 | 7.35% | 0.00% |
| 2007 | 4.93% | 0.00% |
| 2006 | 4.85% | 0.00% |
| 2005 | 5.87% | 0.00% |
| 2004 | 6.27% | 0.00% |
| 2003 | 5.83% | 0.00% |
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