NKX vs FEPI

Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and REX FANG & INNOVATION EQUITY PREMIUM INCOME ETF (FEPI, ETF).

NKX vs FEPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NKX(ETF)	FEPI(ETF)
Net Assets	$654M	$655M
Expense Ratio	N/A	0.65%
Max Drawdown	48.99%	35.25%
Sharpe Ratio	0.73	0.65
5Y Beta	0.13	1.11
P/E Ratio	N/A	35.35
Forward P/E	N/A	22.99
PEG Ratio	N/A	0.21
5Y Dividends CAGR	8.20%	N/A
5Y EPS CAGR	N/A	33.90%
Debt to Equity	N/A	25.29%
P/S Ratio	N/A	9.81
P/B Ratio	N/A	10.61

Net Assets

NKX

$654M

Winner

FEPI

$655M

Expense Ratio

NKX

N/A

FEPI

0.65%

Max Drawdown

NKX

48.99%

Winner

FEPI

35.25%

Sharpe Ratio

Winner

NKX

0.73

FEPI

0.65

5Y Beta

Winner

NKX

0.13

FEPI

1.11

P/E Ratio

NKX

N/A

FEPI

35.35

Forward P/E

NKX

N/A

FEPI

22.99

PEG Ratio

NKX

N/A

FEPI

0.21

5Y Dividends CAGR

NKX

8.20%

FEPI

N/A

5Y EPS CAGR

NKX

N/A

FEPI

33.90%

Debt to Equity

NKX

N/A

FEPI

25.29%

P/S Ratio

NKX

N/A

FEPI

9.81

P/B Ratio

NKX

N/A

FEPI

10.61

NKX vs FEPI - Historical Returns

Returns include dividend reinvestment.

Period	NKX	FEPI
1 month	+0.33%	+6.90%
3 months	-1.66%	-3.18%
6 months	-1.95%	+10.37%
1 year	+10.58%	+15.89%
5 years(CAGR)	-0.40%	N/A
10 years(CAGR)	+1.77%	N/A
Max(CAGR)	+4.83%	+18.17%

NKX

+0.33%

Winner

FEPI

+6.90%

Winner

NKX

-1.66%

FEPI

-3.18%

NKX

-1.95%

Winner

FEPI

+10.37%

NKX

+10.58%

Winner

FEPI

+15.89%

5Y(CAGR)

NKX

-0.40%

FEPI

N/A

10Y(CAGR)

NKX

+1.77%

FEPI

N/A

Max(CAGR)

NKX

+4.83%

Winner

FEPI

+18.17%

NKX vs FEPI - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NKX	FEPI
2026	+2.14%	+6.78%
2025	+4.64%	+18.50%
2024	+16.57%	+17.07%
2023	-3.34%	+11.69%
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 FEPI Drawdown Comparison

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

The maximum drawdown for FEPI was -23.56%, occurring on Apr 8, 2025. Recovery took 138 trading sessions.

The current NKX drawdown is -3.70%. The current FEPI drawdown is -5.42%.

Rank	NKX	FEPI
#1	-43.86% Jan 14, 2008 - Sep 16, 2009	-23.56% Dec 6, 2024 - Jun 30, 2025
#2	-35.62% Nov 12, 2021 - Feb 11, 2026	-14.93% May 29, 2026 - Jul 29, 2026
#3	-27.52% Feb 7, 2020 - Aug 10, 2020	-14.19% Jul 10, 2024 - Nov 6, 2024
#4	-23.95% Nov 30, 2012 - Dec 10, 2014	-12.95% Oct 29, 2025 - Apr 24, 2026
#5	-19.95% Sep 8, 2016 - Jul 19, 2019	-7.41% Apr 1, 2024 - May 15, 2024
#6	-19.40% Aug 16, 2010 - Oct 27, 2011	-6.57% Oct 12, 2023 - Nov 3, 2023
#7	-15.06% Jun 13, 2003 - Sep 20, 2004	-3.90% Feb 9, 2024 - Feb 29, 2024
#8	-12.43% Apr 23, 2007 - Jan 14, 2008	-3.48% Aug 14, 2025 - Sep 8, 2025
#9	-9.74% Feb 11, 2026 - Mar 30, 2026	-3.33% Nov 8, 2024 - Dec 4, 2024
#10	-9.66% Oct 8, 2009 - Jun 18, 2010	-3.28% Mar 1, 2024 - Apr 1, 2024
#11	-9.63% Jun 2, 2006 - Oct 4, 2006	-2.51% May 28, 2024 - Jun 10, 2024
#12	-8.70% May 31, 2005 - Jan 23, 2006	-2.46% Oct 8, 2025 - Oct 20, 2025
#13	-7.75% Feb 15, 2012 - May 1, 2012	-2.44% Dec 28, 2023 - Jan 10, 2024
#14	-7.27% Jan 30, 2015 - Oct 8, 2015	-2.17% May 14, 2026 - May 21, 2026
#15	-6.76% Mar 14, 2005 - May 31, 2005	-1.90% Jul 28, 2025 - Aug 6, 2025

Correlation

Correlation between NKX and FEPI is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2003 - 2026)

NKX vs FEPI dividend yield comparison.

Year	NKX	FEPI
2026	4.91%	15.14%
2025	7.33%	25.48%
2024	6.14%	27.18%
2023	4.38%	4.21%
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%