NMI vs TURF

Comparison between Nuveen Municipal Income Fund (NMI, ETF) and T. ROWE PRICE NATURAL RESOURCES ETF (TURF, ETF).

NMI vs TURF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMI(ETF)	TURF(ETF)
Net Assets	$119M	$120M
Expense Ratio	N/A	0.44%
Max Drawdown	37.13%	9.26%
Sharpe Ratio	0.86	1.59
5Y Beta	0.09	0.60
P/E Ratio	N/A	29.97
5Y Dividends CAGR	4.52%	N/A
Debt to Equity	N/A	22.43%
P/S Ratio	N/A	1.16
P/B Ratio	N/A	1.99

Net Assets

NMI

$119M

Winner

TURF

$120M

Expense Ratio

NMI

N/A

TURF

0.44%

Max Drawdown

NMI

37.13%

Winner

TURF

9.26%

Sharpe Ratio

NMI

0.86

Winner

TURF

1.59

5Y Beta

Winner

NMI

0.09

TURF

0.60

P/E Ratio

NMI

N/A

TURF

29.97

5Y Dividends CAGR

NMI

4.52%

TURF

N/A

Debt to Equity

NMI

N/A

TURF

22.43%

P/S Ratio

NMI

N/A

TURF

1.16

P/B Ratio

NMI

N/A

TURF

1.99

NMI vs TURF - Historical Returns

Returns include dividend reinvestment.

Period	NMI	TURF
1 month	+6.48%	-6.21%
3 months	+13.32%	-5.18%
6 months	+13.58%	+15.64%
1 year	+17.86%	+33.91%
5 years(CAGR)	+2.93%	N/A
10 years(CAGR)	+2.47%	N/A
Max(CAGR)	+4.92%	+33.94%

Winner

NMI

+6.48%

TURF

-6.21%

Winner

NMI

+13.32%

TURF

-5.18%

NMI

+13.58%

Winner

TURF

+15.64%

NMI

+17.86%

Winner

TURF

+33.91%

5Y(CAGR)

NMI

+2.93%

TURF

N/A

10Y(CAGR)

NMI

+2.47%

TURF

N/A

Max(CAGR)

NMI

+4.92%

Winner

TURF

+33.94%

NMI vs TURF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMI	TURF
2026	+13.60%	+12.77%
2025	+9.47%	+17.04%
2024	+6.56%	N/A
2023	-1.27%	N/A
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 TURF Drawdown Comparison

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

The maximum drawdown for TURF was -9.26%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current NMI drawdown is -0.71%. The current TURF drawdown is -6.73%.

Rank	NMI	TURF
#1	-28.92% Dec 21, 2021 - Jul 11, 2025	-9.26% Mar 2, 2026 - Jun 10, 2026
#2	-22.57% Mar 13, 2013 - Dec 11, 2014	-4.92% Jan 29, 2026 - Feb 11, 2026
#3	-20.89% May 30, 2008 - Apr 27, 2009	-4.40% Jul 23, 2025 - Aug 22, 2025
#4	-19.97% Mar 5, 2020 - Mar 30, 2020	-4.29% Oct 6, 2025 - Nov 11, 2025
#5	-18.02% Apr 7, 2017 - Aug 15, 2019	-3.88% Nov 12, 2025 - Nov 28, 2025
#6	-17.54% Aug 29, 2001 - May 20, 2003	-3.32% Jun 16, 2025 - Jul 2, 2025
#7	-16.27% Oct 11, 2016 - Apr 7, 2017	-3.06% Feb 11, 2026 - Feb 24, 2026
#8	-15.15% Nov 5, 2010 - Sep 30, 2011	-2.40% Dec 11, 2025 - Dec 22, 2025
#9	-13.50% Mar 19, 2004 - Jan 24, 2005	-2.00% Jul 2, 2025 - Jul 22, 2025
#10	-13.10% Mar 30, 2020 - Aug 31, 2020	-1.38% Dec 4, 2025 - Dec 11, 2025
#11	-12.93% May 6, 2015 - Dec 22, 2015	-1.22% Jan 6, 2026 - Jan 9, 2026
#12	-11.67% May 22, 2003 - Mar 19, 2004	-0.92% Dec 1, 2025 - Dec 3, 2025
#13	-11.64% Nov 8, 1999 - Feb 16, 2000	-0.88% Dec 26, 2025 - Jan 2, 2026
#14	-11.23% Aug 19, 2005 - Nov 30, 2006	-0.83% Sep 15, 2025 - Sep 23, 2025
#15	-10.96% Apr 21, 2026 - Jun 10, 2026	-0.81% Aug 29, 2025 - Sep 10, 2025

Correlation

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

0.66

-101

Dividend Comparison (1999 - 2026)

NMI vs TURF dividend yield comparison.

Year	NMI	TURF
2026	1.71%	0.00%
2025	4.59%	1.49%
2024	4.63%	0.00%
2023	4.04%	0.00%
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%