NKX vs LDP

Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and Cohen & Steers Ltd Duration Preferred and Income Fund Inc (LDP, ETF).

5-Year PerformanceLDP has outperformed NKX, delivering a return of +3.0% compared to +0.8%

NKX vs LDP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NKX(ETF)	LDP(ETF)
Net Assets	$654M	$649M
Max Drawdown	48.99%	50.18%
Sharpe Ratio	1.29	0.48
5Y Beta	0.12	0.40
5Y Dividends CAGR	8.60%	-2.01%

Net Assets

Winner

NKX

$654M

LDP

$649M

Max Drawdown

Winner

NKX

48.99%

LDP

50.18%

Sharpe Ratio

Winner

NKX

1.29

LDP

0.48

5Y Beta

Winner

NKX

0.12

LDP

0.40

5Y Dividends CAGR

Winner

NKX

8.60%

LDP

-2.01%

NKX vs LDP - Historical Returns

Returns include dividend reinvestment.

Period	NKX	LDP
1 month	+1.75%	-0.67%
3 months	+0.09%	-0.03%
6 months	+2.21%	+0.25%
1 year	+16.33%	+7.69%
5 years(CAGR)	+0.76%	+3.01%
10 years(CAGR)	+2.53%	+6.40%
Max(CAGR)	+4.94%	+6.67%

Winner

NKX

+1.75%

LDP

-0.67%

Winner

NKX

+0.09%

LDP

-0.03%

Winner

NKX

+2.21%

LDP

+0.25%

Winner

NKX

+16.33%

LDP

+7.69%

5Y(CAGR)

NKX

+0.76%

Winner

LDP

+3.01%

10Y(CAGR)

NKX

+2.53%

Winner

LDP

+6.40%

Max(CAGR)

NKX

+4.94%

Winner

LDP

+6.67%

NKX vs LDP - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NKX	LDP
2026	+3.70%	-0.32%
2025	+4.64%	+11.97%
2024	+16.57%	+17.42%
2023	-3.34%	+4.46%
2022	-18.48%	-21.82%
2021	+4.57%	+8.45%
2020	+7.61%	+9.41%
2019	+23.74%	+27.43%
2018	-13.29%	-9.51%
2017	+12.78%	+13.98%
2016	-1.75%	+17.42%
2015	+11.55%	+6.00%
2014	+28.02%	+8.99%
2013	-13.32%	-3.31%
2012	+6.03%	+2.69%
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 LDP Drawdown Comparison

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

The maximum drawdown for LDP was -49.59%, occurring on Mar 18, 2020. Recovery took 211 trading sessions.

The current NKX drawdown is -2.23%. The current LDP drawdown is -2.12%.

Rank	NKX	LDP
#1	-43.86% Jan 14, 2008 - Sep 16, 2009	-49.59% Feb 19, 2020 - Dec 17, 2020
#2	-35.62% Nov 12, 2021 - Feb 11, 2026	-32.20% Oct 13, 2021 - Sep 24, 2024
#3	-27.52% Feb 7, 2020 - Aug 10, 2020	-20.27% Sep 20, 2017 - Apr 3, 2019
#4	-23.95% Nov 30, 2012 - Dec 10, 2014	-17.06% Mar 28, 2013 - Jun 19, 2014
#5	-19.95% Sep 8, 2016 - Jul 19, 2019	-12.02% Oct 16, 2024 - Jun 11, 2025
#6	-19.40% Aug 16, 2010 - Oct 27, 2011	-10.95% Sep 7, 2016 - Jan 26, 2017
#7	-15.06% Jun 13, 2003 - Sep 20, 2004	-9.38% Feb 25, 2026 - Mar 30, 2026
#8	-12.43% Apr 23, 2007 - Jan 14, 2008	-8.38% Aug 4, 2015 - Mar 2, 2016
#9	-9.74% Feb 11, 2026 - Mar 30, 2026	-6.87% Sep 3, 2014 - Mar 5, 2015
#10	-9.66% Oct 8, 2009 - Jun 18, 2010	-5.72% Dec 31, 2020 - Apr 1, 2021
#11	-9.63% Jun 2, 2006 - Oct 4, 2006	-5.48% Apr 9, 2015 - Aug 4, 2015
#12	-8.70% May 31, 2005 - Jan 23, 2006	-5.41% May 4, 2021 - Jul 2, 2021
#13	-7.75% Feb 15, 2012 - May 1, 2012	-5.09% Jul 1, 2014 - Aug 29, 2014
#14	-7.27% Jan 30, 2015 - Oct 8, 2015	-4.79% Nov 11, 2025 - Feb 25, 2026
#15	-6.76% Mar 14, 2005 - May 31, 2005	-4.70% Aug 10, 2012 - Nov 6, 2012

Correlation

Correlation between NKX and LDP is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2003 - 2026)

NKX vs LDP dividend yield comparison.

Year	NKX	LDP
2026	3.03%	3.17%
2025	7.33%	7.43%
2024	6.14%	7.78%
2023	4.38%	8.66%
2022	5.17%	8.52%
2021	4.21%	7.99%
2020	4.05%	6.74%
2019	4.06%	7.14%
2018	5.25%	8.58%
2017	5.06%	7.56%
2016	6.18%	7.67%
2015	5.66%	8.31%
2014	5.24%	9.59%
2013	7.03%	8.41%
2012	5.64%	2.70%
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%