NKX vs WSML

Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and ISHARES MSCI WORLD SMALL-CAP ETF (WSML, ETF).

5-Year PerformanceWSML has outperformed NKX, delivering a return of +737.8% compared to -0.4%

NKX vs WSML - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NKX(ETF)	WSML(ETF)
Net Assets	$654M	$653M
Expense Ratio	N/A	0.30%
Max Drawdown	48.99%	99.98%
Sharpe Ratio	0.73	1.24
5Y Beta	0.13	0.89
P/E Ratio	N/A	47.14
Forward P/E	N/A	17.47
5Y Dividends CAGR	8.20%	N/A
P/S Ratio	N/A	1.60
P/B Ratio	N/A	2.59

Net Assets

Winner

NKX

$654M

WSML

$653M

Expense Ratio

NKX

N/A

WSML

0.30%

Max Drawdown

Winner

NKX

48.99%

WSML

99.98%

Sharpe Ratio

NKX

0.73

Winner

WSML

1.24

5Y Beta

Winner

NKX

0.13

WSML

0.89

P/E Ratio

NKX

N/A

WSML

47.14

Forward P/E

NKX

N/A

WSML

17.47

5Y Dividends CAGR

NKX

8.20%

WSML

N/A

P/S Ratio

NKX

N/A

WSML

1.60

P/B Ratio

NKX

N/A

WSML

2.59

NKX vs WSML - Historical Returns

Returns include dividend reinvestment.

Period	NKX	WSML
1 month	+0.33%	+4.54%
3 months	-1.66%	+3.93%
6 months	-1.95%	+7.73%
1 year	+10.58%	+25.29%
5 years(CAGR)	-0.40%	+737.77%
10 years(CAGR)	+1.77%	+127.50%
Max(CAGR)	+4.83%	+56.41%

NKX

+0.33%

Winner

WSML

+4.54%

NKX

-1.66%

Winner

WSML

+3.93%

NKX

-1.95%

Winner

WSML

+7.73%

NKX

+10.58%

Winner

WSML

+25.29%

5Y(CAGR)

NKX

-0.40%

Winner

WSML

+737.77%

10Y(CAGR)

NKX

+1.77%

Winner

WSML

+127.50%

Max(CAGR)

NKX

+4.83%

Winner

WSML

+56.41%

NKX vs WSML - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NKX	WSML
2026	+2.14%	+17.70%
2025	+4.64%	+29.11%
2024	+16.57%	N/A
2023	-3.34%	N/A
2022	-18.48%	+0.00%
2021	+4.57%	+800.00%
2020	+7.61%	+0.00%
2019	+23.74%	+0.00%
2018	-13.29%	-90.91%
2017	+12.78%	-47.62%
2016	-1.75%	-22.22%
2015	+11.55%	+35.00%
2014	+28.02%	-60.00%
2013	-13.32%	-94.12%
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 WSML Drawdown Comparison

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

The maximum drawdown for WSML was -99.98%, occurring on Dec 26, 2018. Recovery took 469 trading sessions.

The current NKX drawdown is -3.70%. The current WSML drawdown is -1.18%.

Rank	NKX	WSML
#1	-43.86% Jan 14, 2008 - Sep 16, 2009	-99.98% May 29, 2018 - Apr 3, 2025
#2	-35.62% Nov 12, 2021 - Feb 11, 2026	-98.95% Jan 31, 2013 - Apr 2, 2018
#3	-27.52% Feb 7, 2020 - Aug 10, 2020	-75.56% Apr 9, 2018 - May 29, 2018
#4	-23.95% Nov 30, 2012 - Dec 10, 2014	-10.70% Feb 26, 2026 - Apr 17, 2026
#5	-19.95% Sep 8, 2016 - Jul 19, 2019	-8.00% Apr 3, 2025 - Apr 17, 2025
#6	-19.40% Aug 16, 2010 - Oct 27, 2011	-6.46% Oct 27, 2025 - Nov 28, 2025
#7	-15.06% Jun 13, 2003 - Sep 20, 2004	-3.84% Jun 30, 2026 - Aug 4, 2026
#8	-12.43% Apr 23, 2007 - Jan 14, 2008	-3.68% Jul 23, 2025 - Aug 13, 2025
#9	-9.74% Feb 11, 2026 - Mar 30, 2026	-3.48% Oct 6, 2025 - Oct 24, 2025
#10	-9.66% Oct 8, 2009 - Jun 18, 2010	-3.47% May 6, 2026 - May 26, 2026
#11	-9.63% Jun 2, 2006 - Oct 4, 2006	-3.13% May 28, 2026 - Jun 12, 2026
#12	-8.70% May 31, 2005 - Jan 23, 2006	-2.50% Apr 17, 2026 - May 5, 2026
#13	-7.75% Feb 15, 2012 - May 1, 2012	-2.45% Dec 11, 2025 - Jan 5, 2026
#14	-7.27% Jan 30, 2015 - Oct 8, 2015	-2.13% Sep 18, 2025 - Oct 3, 2025
#15	-6.76% Mar 14, 2005 - May 31, 2005	-1.99% May 16, 2025 - Jun 3, 2025

Correlation

Correlation between NKX and WSML is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.51

-101

Dividend Comparison (2003 - 2026)

NKX vs WSML dividend yield comparison.

Year	NKX	WSML
2026	4.91%	0.81%
2025	7.33%	2.53%
2024	6.14%	0.00%
2023	4.38%	0.00%
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%