NKX vs WTAI

Comparison between Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF) and WISDOMTREE ARTIFICIAL INTELLIGENCE AND INNOVATION FUND (WTAI, ETF).

5-Year PerformanceWTAI has outperformed NKX, delivering a return of +12.5% compared to +0.3%

NKX vs WTAI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NKX(ETF)	WTAI(ETF)
Net Assets	$667M	$670M
Expense Ratio	N/A	0.45%
Max Drawdown	48.99%	45.92%
Sharpe Ratio	1.29	1.55
5Y Beta	0.12	1.70
P/E Ratio	N/A	51.32
Forward P/E	N/A	25.32
PEG Ratio	N/A	0.10
5Y Dividends CAGR	8.36%	N/A
5Y EPS CAGR	N/A	31.88%
P/S Ratio	N/A	6.20
P/B Ratio	N/A	12.09

Net Assets

NKX

$667M

Winner

WTAI

$670M

Expense Ratio

NKX

N/A

WTAI

0.45%

Max Drawdown

NKX

48.99%

Winner

WTAI

45.92%

Sharpe Ratio

NKX

1.29

Winner

WTAI

1.55

5Y Beta

Winner

NKX

0.12

WTAI

1.70

P/E Ratio

NKX

N/A

WTAI

51.32

Forward P/E

NKX

N/A

WTAI

25.32

PEG Ratio

NKX

N/A

WTAI

0.10

5Y Dividends CAGR

NKX

8.36%

WTAI

N/A

5Y EPS CAGR

NKX

N/A

WTAI

31.88%

P/S Ratio

NKX

N/A

WTAI

6.20

P/B Ratio

NKX

N/A

WTAI

12.09

NKX vs WTAI - Historical Returns

Returns include dividend reinvestment.

Period	NKX	WTAI
1 month	+0.68%	-13.61%
3 months	+4.12%	+22.56%
6 months	+1.03%	+39.23%
1 year	+16.34%	+68.65%
5 years(CAGR)	+0.32%	+12.54%
10 years(CAGR)	+2.06%	N/A
Max(CAGR)	+4.92%	+12.54%

Winner

NKX

+0.68%

WTAI

-13.61%

NKX

+4.12%

Winner

WTAI

+22.56%

NKX

+1.03%

Winner

WTAI

+39.23%

NKX

+16.34%

Winner

WTAI

+68.65%

5Y(CAGR)

NKX

+0.32%

Winner

WTAI

+12.54%

10Y(CAGR)

NKX

+2.06%

WTAI

N/A

Max(CAGR)

NKX

+4.92%

Winner

WTAI

+12.54%

NKX vs WTAI - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NKX	WTAI
2026	+3.90%	+41.26%
2025	+4.64%	+34.09%
2024	+16.57%	+10.20%
2023	-3.34%	+47.35%
2022	-18.48%	-42.97%
2021	+4.57%	-0.83%
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 WTAI Drawdown Comparison

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

The maximum drawdown for WTAI was -45.92%, occurring on Oct 14, 2022. Recovery took 891 trading sessions.

The current NKX drawdown is -2.05%. The current WTAI drawdown is -13.61%.

Rank	NKX	WTAI
#1	-43.86% Jan 14, 2008 - Sep 16, 2009	-45.92% Dec 27, 2021 - Jul 17, 2025
#2	-35.62% Nov 12, 2021 - Feb 11, 2026	-18.28% Jun 22, 2026 - Jul 17, 2026
#3	-27.52% Feb 7, 2020 - Aug 10, 2020	-15.42% Nov 3, 2025 - Apr 13, 2026
#4	-23.95% Nov 30, 2012 - Dec 10, 2014	-12.30% Jun 2, 2026 - Jun 18, 2026
#5	-19.95% Sep 8, 2016 - Jul 19, 2019	-5.13% May 14, 2026 - May 21, 2026
#6	-19.40% Aug 16, 2010 - Oct 27, 2011	-4.64% Dec 9, 2021 - Dec 23, 2021
#7	-15.06% Jun 13, 2003 - Sep 20, 2004	-4.60% Oct 9, 2025 - Oct 24, 2025
#8	-12.43% Apr 23, 2007 - Jan 14, 2008	-4.46% Jul 30, 2025 - Aug 12, 2025
#9	-9.74% Feb 11, 2026 - Mar 30, 2026	-4.05% Aug 13, 2025 - Aug 28, 2025
#10	-9.66% Oct 8, 2009 - Jun 18, 2010	-3.15% Apr 27, 2026 - May 1, 2026
#11	-9.63% Jun 2, 2006 - Oct 4, 2006	-3.12% May 11, 2026 - May 14, 2026
#12	-8.70% May 31, 2005 - Jan 23, 2006	-2.81% Aug 28, 2025 - Sep 8, 2025
#13	-7.75% Feb 15, 2012 - May 1, 2012	-1.93% Sep 22, 2025 - Oct 2, 2025
#14	-7.27% Jan 30, 2015 - Oct 8, 2015	-1.70% Oct 6, 2025 - Oct 8, 2025
#15	-6.76% Mar 14, 2005 - May 31, 2005	-1.59% Apr 22, 2026 - Apr 24, 2026

Correlation

Correlation between NKX and WTAI is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (2003 - 2026)

NKX vs WTAI dividend yield comparison.

Year	NKX	WTAI
2026	4.22%	0.00%
2025	7.33%	1.81%
2024	6.14%	0.19%
2023	4.38%	0.24%
2022	5.17%	0.22%
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%