NMI vs APLY

Comparison between Nuveen Municipal Income Fund (NMI, ETF) and YIELDMAX(R) AAPL OPTION INCOME STRATEGY ETF (APLY, ETF).

NMI vs APLY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMI(ETF)	APLY(ETF)
Net Assets	$120M	$120M
Expense Ratio	N/A	1.04%
Max Drawdown	37.13%	51.36%
Sharpe Ratio	0.49	0.86
5Y Beta	0.07	0.91
5Y Dividends CAGR	4.84%	N/A

Net Assets

Winner

NMI

$120M

APLY

$120M

Expense Ratio

NMI

N/A

APLY

1.04%

Max Drawdown

Winner

NMI

37.13%

APLY

51.36%

Sharpe Ratio

NMI

0.49

Winner

APLY

0.86

5Y Beta

Winner

NMI

0.07

APLY

0.91

5Y Dividends CAGR

NMI

4.84%

APLY

N/A

NMI vs APLY - Historical Returns

Returns include dividend reinvestment.

Period	NMI	APLY
1 month	-3.18%	-6.58%
3 months	-1.68%	-1.23%
6 months	+6.40%	+8.27%
1 year	+11.60%	+21.91%
5 years(CAGR)	+1.44%	N/A
10 years(CAGR)	+2.21%	N/A
Max(CAGR)	+4.66%	+12.66%

Winner

NMI

-3.18%

APLY

-6.58%

NMI

-1.68%

Winner

APLY

-1.23%

NMI

+6.40%

Winner

APLY

+8.27%

NMI

+11.60%

Winner

APLY

+21.91%

5Y(CAGR)

NMI

+1.44%

APLY

N/A

10Y(CAGR)

NMI

+2.21%

APLY

N/A

Max(CAGR)

NMI

+4.66%

Winner

APLY

+12.66%

NMI vs APLY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMI	APLY
2026	+7.27%	+7.56%
2025	+9.47%	+7.24%
2024	+6.56%	+23.34%
2023	-1.27%	+11.56%
2022	-15.15%	N/A
2021	+4.22%	N/A
2020	+4.89%	N/A
2019	+14.75%	N/A
2018	-8.06%	N/A
2017	+7.78%	N/A
2016	-3.15%	N/A
2015	+5.68%	N/A
2014	+23.72%	N/A
2013	-13.55%	N/A
2012	+10.45%	N/A
2011	+18.12%	N/A
2010	-0.83%	N/A
2009	+18.46%	N/A
2008	-4.73%	N/A
2007	+3.15%	N/A
2006	+8.62%	N/A
2005	+10.00%	N/A
2004	+8.28%	N/A
2003	+2.33%	N/A
2002	-3.31%	N/A
2001	+0.15%	N/A
2000	+16.51%	N/A
1999	-3.48%	N/A

NMI vs APLY Drawdown Comparison

The maximum drawdown for NMI was -28.92%, occurring on Oct 24, 2022. Recovery took 890 trading sessions.

The maximum drawdown for APLY was -30.32%, occurring on Apr 8, 2025. Recovery took 208 trading sessions.

The current NMI drawdown is -6.24%. The current APLY drawdown is -8.39%.

Rank	NMI	APLY
#1	-28.92% Dec 21, 2021 - Jul 11, 2025	-30.32% Dec 26, 2024 - Oct 27, 2025
#2	-22.57% Mar 13, 2013 - Dec 11, 2014	-15.78% Jul 31, 2023 - Jun 17, 2024
#3	-20.89% May 30, 2008 - Apr 27, 2009	-11.71% Jun 2, 2026 - Jul 15, 2026
#4	-19.97% Mar 5, 2020 - Mar 30, 2020	-11.70% Dec 2, 2025 - May 7, 2026
#5	-18.02% Apr 7, 2017 - Aug 15, 2019	-10.31% Jul 28, 2026 - Aug 12, 2026
#6	-17.54% Aug 29, 2001 - May 20, 2003	-9.44% Jul 16, 2024 - Sep 30, 2024
#7	-16.27% Oct 11, 2016 - Apr 7, 2017	-4.67% Oct 22, 2024 - Nov 25, 2024
#8	-15.15% Nov 5, 2010 - Sep 30, 2011	-4.12% Sep 30, 2024 - Oct 15, 2024
#9	-13.50% Mar 19, 2004 - Jan 24, 2005	-3.18% Jun 17, 2024 - Jun 27, 2024
#10	-13.10% Mar 30, 2020 - Aug 31, 2020	-3.04% Jul 17, 2026 - Jul 27, 2026
#11	-12.93% May 6, 2015 - Dec 22, 2015	-2.50% Jun 30, 2023 - Jul 17, 2023
#12	-11.67% May 22, 2003 - Mar 19, 2004	-2.42% Nov 11, 2025 - Nov 24, 2025
#13	-11.64% Nov 8, 1999 - Feb 16, 2000	-2.02% May 1, 2023 - May 5, 2023
#14	-11.23% Aug 19, 2005 - Nov 30, 2006	-1.99% May 28, 2026 - Jun 2, 2026
#15	-10.96% Apr 21, 2026 - Jun 10, 2026	-1.72% Jun 2, 2023 - Jun 12, 2023

Correlation

Correlation between NMI and APLY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (1999 - 2026)

NMI vs APLY dividend yield comparison.

Year	NMI	APLY
2026	2.93%	23.38%
2025	4.59%	36.38%
2024	4.63%	24.95%
2023	4.04%	14.36%
2022	3.51%	0.00%
2021	3.22%	0.00%
2020	3.53%	0.00%
2019	4.15%	0.00%
2018	5.12%	0.00%
2017	4.21%	0.00%
2016	4.45%	0.00%
2015	4.28%	0.00%
2014	4.53%	0.00%
2013	5.68%	0.00%
2012	4.31%	0.00%
2011	4.94%	0.00%
2010	5.51%	0.00%
2009	4.95%	0.00%
2008	5.31%	0.00%
2007	4.85%	0.00%
2006	4.80%	0.00%
2005	5.14%	0.00%
2004	5.38%	0.00%
2003	5.95%	0.00%
2002	6.08%	0.00%
2001	6.28%	0.00%
2000	6.13%	0.00%
1999	1.14%	0.00%