NKX vs CAOS
Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and ALPHA ARCHITECT TAIL RISK ETF (CAOS, ETF).
NKX vs CAOS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NKX
$654M
CAOS
$650M
Expense Ratio
NKX
N/A
CAOS
0.63%
Max Drawdown
NKX
48.99%
Winner
CAOS
3.60%
Sharpe Ratio
Winner
NKX
1.29
CAOS
-1.09
5Y Beta
NKX
0.12
Winner
CAOS
-0.14
5Y Dividends CAGR
NKX
8.60%
CAOS
N/A
NKX vs CAOS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NKX
+1.75%
CAOS
+0.07%
3M
Winner
NKX
+0.09%
CAOS
-0.10%
6M
Winner
NKX
+2.21%
CAOS
+0.76%
1Y
Winner
NKX
+16.33%
CAOS
+1.94%
5Y(CAGR)
NKX
+0.76%
CAOS
N/A
10Y(CAGR)
NKX
+2.53%
CAOS
N/A
Max(CAGR)
NKX
+4.94%
Winner
CAOS
+5.14%
NKX vs CAOS - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | NKX | CAOS |
|---|---|---|
| 2026 | +3.70% | +0.94% |
| 2025 | +4.64% | +2.72% |
| 2024 | +16.57% | +5.67% |
| 2023 | -3.34% | +7.97% |
| 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 CAOS Drawdown Comparison
The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.
The maximum drawdown for CAOS was -3.60%, occurring on May 9, 2025. This drawdown has not yet recovered.
The current NKX drawdown is -2.23%. The current CAOS drawdown is -0.99%.
| Rank | NKX | CAOS |
|---|---|---|
| #1 | -43.86% Jan 14, 2008 - Sep 16, 2009 | -3.60% Apr 8, 2025 - May 9, 2025 |
| #2 | -35.62% Nov 12, 2021 - Feb 11, 2026 | -3.41% Mar 6, 2023 - Mar 31, 2023 |
| #3 | -27.52% Feb 7, 2020 - Aug 10, 2020 | -2.07% Aug 5, 2024 - Nov 13, 2024 |
| #4 | -23.95% Nov 30, 2012 - Dec 10, 2014 | -1.62% May 1, 2023 - May 17, 2023 |
| #5 | -19.95% Sep 8, 2016 - Jul 19, 2019 | -1.52% Oct 17, 2023 - Nov 2, 2023 |
| #6 | -19.40% Aug 16, 2010 - Oct 27, 2011 | -1.31% Apr 18, 2023 - Apr 28, 2023 |
| #7 | -15.06% Jun 13, 2003 - Sep 20, 2004 | -1.22% Sep 15, 2023 - Oct 11, 2023 |
| #8 | -12.43% Apr 23, 2007 - Jan 14, 2008 | -1.21% Apr 11, 2024 - May 22, 2024 |
| #9 | -9.74% Feb 11, 2026 - Mar 30, 2026 | -0.89% May 22, 2023 - May 26, 2023 |
| #10 | -9.66% Oct 8, 2009 - Jun 18, 2010 | -0.83% Aug 14, 2023 - Sep 11, 2023 |
| #11 | -9.63% Jun 2, 2006 - Oct 4, 2006 | -0.70% Dec 27, 2023 - Jan 18, 2024 |
| #12 | -8.70% May 31, 2005 - Jan 23, 2006 | -0.50% Dec 19, 2024 - Jan 31, 2025 |
| #13 | -7.75% Feb 15, 2012 - May 1, 2012 | -0.42% Apr 3, 2023 - Apr 13, 2023 |
| #14 | -7.27% Jan 30, 2015 - Oct 8, 2015 | -0.38% Nov 13, 2024 - Dec 18, 2024 |
| #15 | -6.76% Mar 14, 2005 - May 31, 2005 | -0.35% May 24, 2024 - Jun 5, 2024 |
Correlation
Correlation between NKX and CAOS is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Select Stocks to Compare
Popular: NKX vs SPYCAOS vs SPY
More Comparisons
Compare with similar stocks