NKX vs SGDM

Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and Sprott Gold Miners ETF (SGDM, ETF).

5-Year PerformanceSGDM has outperformed NKX, delivering a return of +17.0% compared to +0.8%

NKX vs SGDM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NKX(ETF)	SGDM(ETF)
Net Assets	$654M	$660M
Expense Ratio	N/A	0.46%
Max Drawdown	48.99%	55.72%
Sharpe Ratio	1.29	0.99
5Y Beta	0.12	0.69
5Y Dividends CAGR	8.60%	36.06%

Net Assets

NKX

$654M

Winner

SGDM

$660M

Expense Ratio

NKX

N/A

SGDM

0.46%

Max Drawdown

Winner

NKX

48.99%

SGDM

55.72%

Sharpe Ratio

Winner

NKX

1.29

SGDM

0.99

5Y Beta

Winner

NKX

0.12

SGDM

0.69

5Y Dividends CAGR

NKX

8.60%

Winner

SGDM

36.06%

NKX vs SGDM - Historical Returns

Returns include dividend reinvestment.

Period	NKX	SGDM
1 month	+1.75%	-6.58%
3 months	+0.09%	-21.32%
6 months	+2.21%	+0.51%
1 year	+16.33%	+45.18%
5 years(CAGR)	+0.76%	+17.01%
10 years(CAGR)	+2.53%	+11.80%
Max(CAGR)	+4.94%	+9.58%

Winner

NKX

+1.75%

SGDM

-6.58%

Winner

NKX

+0.09%

SGDM

-21.32%

Winner

NKX

+2.21%

SGDM

+0.51%

NKX

+16.33%

Winner

SGDM

+45.18%

5Y(CAGR)

NKX

+0.76%

Winner

SGDM

+17.01%

10Y(CAGR)

NKX

+2.53%

Winner

SGDM

+11.80%

Max(CAGR)

NKX

+4.94%

Winner

SGDM

+9.58%

NKX vs SGDM - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NKX	SGDM
2026	+3.70%	-4.95%
2025	+4.64%	+143.79%
2024	+16.57%	+13.52%
2023	-3.34%	-0.50%
2022	-18.48%	-6.19%
2021	+4.57%	-15.07%
2020	+7.61%	+22.67%
2019	+23.74%	+43.46%
2018	-13.29%	-17.44%
2017	+12.78%	+5.85%
2016	-1.75%	+44.55%
2015	+11.55%	-28.18%
2014	+28.02%	-27.98%
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 SGDM Drawdown Comparison

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

The maximum drawdown for SGDM was -54.96%, occurring on Jan 19, 2016. Recovery took 473 trading sessions.

The current NKX drawdown is -2.23%. The current SGDM drawdown is -30.88%.

Rank	NKX	SGDM
#1	-43.86% Jan 14, 2008 - Sep 16, 2009	-54.96% Aug 13, 2014 - Jun 29, 2016
#2	-35.62% Nov 12, 2021 - Feb 11, 2026	-49.68% Aug 5, 2020 - Mar 17, 2025
#3	-27.52% Feb 7, 2020 - Aug 10, 2020	-49.17% Aug 2, 2016 - Apr 23, 2020
#4	-23.95% Nov 30, 2012 - Dec 10, 2014	-30.88% Mar 2, 2026 - Jun 5, 2026
#5	-19.95% Sep 8, 2016 - Jul 19, 2019	-18.55% Oct 16, 2025 - Dec 11, 2025
#6	-19.40% Aug 16, 2010 - Oct 27, 2011	-17.99% Jan 28, 2026 - Feb 24, 2026
#7	-15.06% Jun 13, 2003 - Sep 20, 2004	-14.10% May 19, 2020 - Jul 7, 2020
#8	-12.43% Apr 23, 2007 - Jan 14, 2008	-11.60% Apr 16, 2025 - Jun 2, 2025
#9	-9.74% Feb 11, 2026 - Mar 30, 2026	-9.39% Jul 11, 2016 - Aug 1, 2016
#10	-9.66% Oct 8, 2009 - Jun 18, 2010	-8.43% Apr 3, 2025 - Apr 10, 2025
#11	-9.63% Jun 2, 2006 - Oct 4, 2006	-6.92% Dec 26, 2025 - Jan 9, 2026
#12	-8.70% May 31, 2005 - Jan 23, 2006	-6.60% Jun 13, 2025 - Jul 22, 2025
#13	-7.75% Feb 15, 2012 - May 1, 2012	-5.40% Jul 22, 2025 - Aug 5, 2025
#14	-7.27% Jan 30, 2015 - Oct 8, 2015	-5.14% Jul 8, 2020 - Jul 17, 2020
#15	-6.76% Mar 14, 2005 - May 31, 2005	-4.63% Jul 28, 2014 - Aug 12, 2014

Correlation

Correlation between NKX and SGDM is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2003 - 2026)

NKX vs SGDM dividend yield comparison.

Year	NKX	SGDM
2026	3.03%	0.00%
2025	7.33%	1.04%
2024	6.14%	1.04%
2023	4.38%	1.39%
2022	5.17%	1.42%
2021	4.21%	1.33%
2020	4.05%	0.30%
2019	4.06%	0.25%
2018	5.25%	0.50%
2017	5.06%	0.58%
2016	6.18%	0.02%
2015	5.66%	1.47%
2014	5.24%	0.26%
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%