NMI vs CVY

Comparison between Nuveen Municipal Income Fund (NMI, ETF) and INVESCO ZACKS MULTI-ASSET INCOME ETF (CVY, ETF).

5-Year PerformanceCVY has outperformed NMI, delivering a return of +7.2% compared to +2.7%

NMI vs CVY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMI(ETF)	CVY(ETF)
Net Assets	$119M	$119M
Expense Ratio	N/A	1.21%
Max Drawdown	37.13%	70.55%
Sharpe Ratio	0.80	1.29
5Y Beta	0.10	0.66
P/E Ratio	N/A	13.70
Forward P/E	N/A	9.80
5Y Dividends CAGR	4.52%	10.25%
5Y EPS CAGR	N/A	16.51%
P/S Ratio	N/A	0.79
P/B Ratio	N/A	1.51

Net Assets

Winner

NMI

$119M

CVY

$119M

Expense Ratio

NMI

N/A

CVY

1.21%

Max Drawdown

Winner

NMI

37.13%

CVY

70.55%

Sharpe Ratio

NMI

0.80

Winner

CVY

1.29

5Y Beta

Winner

NMI

0.10

CVY

0.66

P/E Ratio

NMI

N/A

CVY

13.70

Forward P/E

NMI

N/A

CVY

9.80

5Y Dividends CAGR

NMI

4.52%

Winner

CVY

10.25%

5Y EPS CAGR

NMI

N/A

CVY

16.51%

P/S Ratio

NMI

N/A

CVY

0.79

P/B Ratio

NMI

N/A

CVY

1.51

NMI vs CVY - Historical Returns

Returns include dividend reinvestment.

Period	NMI	CVY
1 month	+9.19%	+0.65%
3 months	+10.11%	+4.17%
6 months	+11.07%	+8.95%
1 year	+15.80%	+18.90%
5 years(CAGR)	+2.65%	+7.17%
10 years(CAGR)	+2.59%	+8.37%
Max(CAGR)	+4.83%	+5.74%

Winner

NMI

+9.19%

CVY

+0.65%

Winner

NMI

+10.11%

CVY

+4.17%

Winner

NMI

+11.07%

CVY

+8.95%

NMI

+15.80%

Winner

CVY

+18.90%

5Y(CAGR)

NMI

+2.65%

Winner

CVY

+7.17%

10Y(CAGR)

NMI

+2.59%

Winner

CVY

+8.37%

Max(CAGR)

NMI

+4.83%

Winner

CVY

+5.74%

NMI vs CVY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMI	CVY
2026	+11.05%	+7.63%
2025	+9.47%	+10.03%
2024	+6.56%	+10.47%
2023	-1.27%	+18.77%
2022	-15.15%	-9.89%
2021	+4.22%	+26.69%
2020	+4.89%	-10.46%
2019	+14.75%	+24.93%
2018	-8.06%	-11.08%
2017	+7.78%	+14.70%
2016	-3.15%	+16.73%
2015	+5.68%	-14.38%
2014	+23.72%	-3.71%
2013	-13.55%	+16.68%
2012	+10.45%	+11.95%
2011	+18.12%	+7.09%
2010	-0.83%	+16.12%
2009	+18.46%	+45.08%
2008	-4.73%	-40.40%
2007	+3.15%	-7.36%
2006	+8.62%	+7.55%
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 CVY Drawdown Comparison

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

The maximum drawdown for CVY was -66.87%, occurring on Mar 9, 2009. Recovery took 1171 trading sessions.

The current NMI drawdown is -1.20%. The current CVY drawdown is -0.64%.

Rank	NMI	CVY
#1	-28.92% Dec 21, 2021 - Jul 11, 2025	-66.87% Jun 4, 2007 - Jan 25, 2012
#2	-22.57% Mar 13, 2013 - Dec 11, 2014	-50.47% Jan 17, 2020 - Feb 24, 2021
#3	-20.89% May 30, 2008 - Apr 27, 2009	-31.87% Jul 1, 2014 - Dec 4, 2017
#4	-19.97% Mar 5, 2020 - Mar 30, 2020	-21.61% Jan 12, 2022 - Dec 14, 2023
#5	-18.02% Apr 7, 2017 - Aug 15, 2019	-18.51% Jan 23, 2018 - Apr 17, 2019
#6	-17.54% Aug 29, 2001 - May 20, 2003	-16.80% Nov 29, 2024 - Jul 10, 2025
#7	-16.27% Oct 11, 2016 - Apr 7, 2017	-9.00% Jul 24, 2019 - Sep 13, 2019
#8	-15.15% Nov 5, 2010 - Sep 30, 2011	-8.62% Sep 14, 2012 - Jan 4, 2013
#9	-13.50% Mar 19, 2004 - Jan 24, 2005	-8.58% May 21, 2013 - Oct 17, 2013
#10	-13.10% Mar 30, 2020 - Aug 31, 2020	-8.20% Mar 13, 2012 - Jul 19, 2012
#11	-12.93% May 6, 2015 - Dec 22, 2015	-7.80% Jun 11, 2021 - Oct 20, 2021
#12	-11.67% May 22, 2003 - Mar 19, 2004	-7.43% Feb 10, 2026 - Apr 30, 2026
#13	-11.64% Nov 8, 1999 - Feb 16, 2000	-6.87% Nov 12, 2021 - Jan 4, 2022
#14	-11.23% Aug 19, 2005 - Nov 30, 2006	-6.83% Jul 30, 2024 - Aug 30, 2024
#15	-10.96% Apr 21, 2026 - May 4, 2026	-6.28% May 3, 2019 - Jun 28, 2019

Correlation

Correlation between NMI and CVY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (1999 - 2026)

NMI vs CVY dividend yield comparison.

Year	NMI	CVY
2026	1.75%	0.77%
2025	4.59%	3.99%
2024	4.63%	4.07%
2023	4.04%	4.41%
2022	3.51%	5.18%
2021	3.22%	2.37%
2020	3.53%	3.40%
2019	4.15%	3.22%
2018	5.12%	4.44%
2017	4.21%	3.94%
2016	4.45%	4.50%
2015	4.28%	5.89%
2014	4.53%	6.28%
2013	5.68%	5.35%
2012	4.31%	5.39%
2011	4.94%	5.41%
2010	5.51%	4.76%
2009	4.95%	5.32%
2008	5.31%	11.04%
2007	4.85%	5.68%
2006	4.80%	1.36%
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%