NKX vs BKMC

Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and BNY MELLON US MID CAP CORE EQUITY ETF (BKMC, ETF).

5-Year PerformanceBKMC has outperformed NKX, delivering a return of +8.0% compared to +0.5%

NKX vs BKMC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NKX(ETF)	BKMC(ETF)
Net Assets	$655M	$652M
Expense Ratio	N/A	0.04%
Max Drawdown	48.99%	26.22%
Sharpe Ratio	1.27	1.13
5Y Beta	0.12	0.98
P/E Ratio	N/A	33.08
Forward P/E	N/A	16.98
5Y Dividends CAGR	6.78%	17.61%
5Y EPS CAGR	N/A	10.42%
P/S Ratio	N/A	1.73
P/B Ratio	N/A	2.75

Net Assets

Winner

NKX

$655M

BKMC

$652M

Expense Ratio

NKX

N/A

BKMC

0.04%

Max Drawdown

NKX

48.99%

Winner

BKMC

26.22%

Sharpe Ratio

Winner

NKX

1.27

BKMC

1.13

5Y Beta

Winner

NKX

0.12

BKMC

0.98

P/E Ratio

NKX

N/A

BKMC

33.08

Forward P/E

NKX

N/A

BKMC

16.98

5Y Dividends CAGR

NKX

6.78%

Winner

BKMC

17.61%

5Y EPS CAGR

NKX

N/A

BKMC

10.42%

P/S Ratio

NKX

N/A

BKMC

1.73

P/B Ratio

NKX

N/A

BKMC

2.75

NKX vs BKMC - Historical Returns

Returns include dividend reinvestment.

Period	NKX	BKMC
1 month	+0.99%	+3.62%
3 months	-0.82%	+8.10%
6 months	+2.75%	+10.99%
1 year	+15.76%	+23.16%
5 years(CAGR)	+0.45%	+8.01%
10 years(CAGR)	+2.20%	N/A
Max(CAGR)	+4.90%	+15.55%

NKX

+0.99%

Winner

BKMC

+3.62%

NKX

-0.82%

Winner

BKMC

+8.10%

NKX

+2.75%

Winner

BKMC

+10.99%

NKX

+15.76%

Winner

BKMC

+23.16%

5Y(CAGR)

NKX

+0.45%

Winner

BKMC

+8.01%

10Y(CAGR)

NKX

+2.20%

BKMC

N/A

Max(CAGR)

NKX

+4.90%

Winner

BKMC

+15.55%

NKX vs BKMC - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NKX	BKMC
2026	+2.89%	+9.45%
2025	+4.64%	+8.88%
2024	+16.57%	+14.54%
2023	-3.34%	+17.86%
2022	-18.48%	-15.69%
2021	+4.57%	+25.81%
2020	+7.61%	+45.92%
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 BKMC Drawdown Comparison

The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.

The maximum drawdown for BKMC was -25.04%, occurring on Oct 14, 2022. Recovery took 571 trading sessions.

The current NKX drawdown is -2.99%. The current BKMC drawdown is -1.68%.

Rank	NKX	BKMC
#1	-43.86% Jan 14, 2008 - Sep 16, 2009	-25.04% Nov 16, 2021 - Feb 27, 2024
#2	-35.62% Nov 12, 2021 - Feb 11, 2026	-23.68% Nov 25, 2024 - Sep 8, 2025
#3	-27.52% Feb 7, 2020 - Aug 10, 2020	-9.82% Feb 26, 2026 - Apr 17, 2026
#4	-23.95% Nov 30, 2012 - Dec 10, 2014	-9.55% Jun 8, 2020 - Aug 3, 2020
#5	-19.95% Sep 8, 2016 - Jul 19, 2019	-7.77% Mar 28, 2024 - Jul 16, 2024
#6	-19.40% Aug 16, 2010 - Oct 27, 2011	-7.68% Jul 16, 2024 - Aug 23, 2024
#7	-15.06% Jun 13, 2003 - Sep 20, 2004	-7.45% Sep 2, 2020 - Oct 8, 2020
#8	-12.43% Apr 23, 2007 - Jan 14, 2008	-6.43% Oct 27, 2025 - Dec 4, 2025
#9	-9.74% Feb 11, 2026 - Mar 30, 2026	-6.36% Apr 29, 2020 - May 20, 2020
#10	-9.66% Oct 8, 2009 - Jun 18, 2010	-6.19% Oct 12, 2020 - Nov 5, 2020
#11	-9.63% Jun 2, 2006 - Oct 4, 2006	-5.02% Feb 24, 2021 - Mar 11, 2021
#12	-8.70% May 31, 2005 - Jan 23, 2006	-4.68% Apr 17, 2020 - Apr 28, 2020
#13	-7.75% Feb 15, 2012 - May 1, 2012	-4.59% Jan 20, 2021 - Feb 5, 2021
#14	-7.27% Jan 30, 2015 - Oct 8, 2015	-4.55% Sep 2, 2021 - Oct 19, 2021
#15	-6.76% Mar 14, 2005 - May 31, 2005	-4.49% Aug 30, 2024 - Sep 17, 2024

Correlation

Correlation between NKX and BKMC is 0.48 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.48

-101

Dividend Comparison (2003 - 2026)

NKX vs BKMC dividend yield comparison.

Year	NKX	BKMC
2026	3.65%	0.44%
2025	7.33%	1.35%
2024	6.14%	1.54%
2023	4.38%	1.38%
2022	5.17%	1.63%
2021	4.21%	1.15%
2020	4.05%	0.86%
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%