NMS vs NACP

Comparison between Nuveen Minnesota Quality Municipal Income Fund (NMS, ETF) and IMPACT SHARES NAACP MINORITY EMPOWERMENT ETF (NACP, ETF).

5-Year PerformanceNACP has outperformed NMS, delivering a return of +15.0% compared to +0.8%

NMS vs NACP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMS(ETF)	NACP(ETF)
Net Assets	$76M	$76M
Expense Ratio	N/A	0.49%
Max Drawdown	47.88%	30.96%
Sharpe Ratio	1.46	1.77
5Y Beta	0.05	1.02
P/E Ratio	N/A	28.91
Forward P/E	N/A	19.38
PEG Ratio	N/A	0.21
5Y Dividends CAGR	6.98%	-6.37%
5Y EPS CAGR	N/A	23.29%
Debt to Equity	N/A	42.30%
P/S Ratio	N/A	3.72
P/B Ratio	N/A	5.43

Net Assets

NMS

$76M

NACP

$76M

Expense Ratio

NMS

N/A

NACP

0.49%

Max Drawdown

NMS

47.88%

Winner

NACP

30.96%

Sharpe Ratio

NMS

1.46

Winner

NACP

1.77

5Y Beta

Winner

NMS

0.05

NACP

1.02

P/E Ratio

NMS

N/A

NACP

28.91

Forward P/E

NMS

N/A

NACP

19.38

PEG Ratio

NMS

N/A

NACP

0.21

5Y Dividends CAGR

Winner

NMS

6.98%

NACP

-6.37%

5Y EPS CAGR

NMS

N/A

NACP

23.29%

Debt to Equity

NMS

N/A

NACP

42.30%

P/S Ratio

NMS

N/A

NACP

3.72

P/B Ratio

NMS

N/A

NACP

5.43

NMS vs NACP - Historical Returns

Returns include dividend reinvestment.

Period	NMS	NACP
1 month	+2.41%	-1.86%
3 months	+2.73%	+12.00%
6 months	+7.10%	+16.22%
1 year	+16.71%	+35.11%
5 years(CAGR)	+0.76%	+14.97%
10 years(CAGR)	+1.72%	+16.82%
Max(CAGR)	+3.30%	+16.82%

Winner

NMS

+2.41%

NACP

-1.86%

NMS

+2.73%

Winner

NACP

+12.00%

NMS

+7.10%

Winner

NACP

+16.22%

NMS

+16.71%

Winner

NACP

+35.11%

5Y(CAGR)

NMS

+0.76%

Winner

NACP

+14.97%

10Y(CAGR)

NMS

+1.72%

Winner

NACP

+16.82%

Max(CAGR)

NMS

+3.30%

Winner

NACP

+16.82%

NMS vs NACP - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	NMS	NACP
2026	+8.35%	+18.65%
2025	+2.31%	+21.38%
2024	+18.82%	+24.70%
2023	-0.21%	+30.17%
2022	-22.04%	-23.79%
2021	+6.60%	+29.00%
2020	+7.38%	+24.78%
2019	+23.39%	+29.84%
2018	-12.96%	-8.78%
2017	-4.05%	N/A
2016	+12.86%	N/A
2015	+6.24%	N/A
2014	-3.37%	N/A

NMS vs NACP Drawdown Comparison

The maximum drawdown for NMS was -38.76%, occurring on Oct 25, 2023. This drawdown has not yet recovered.

The maximum drawdown for NACP was -30.96%, occurring on Mar 23, 2020. Recovery took 104 trading sessions.

The current NMS drawdown is -2.79%. The current NACP drawdown is -2.67%.

Rank	NMS	NACP
#1	-38.76% Sep 16, 2021 - Oct 25, 2023	-30.96% Feb 20, 2020 - Jul 20, 2020
#2	-25.42% Sep 30, 2016 - Aug 11, 2020	-27.89% Jan 3, 2022 - Jan 18, 2024
#3	-7.35% Aug 19, 2020 - Oct 27, 2020	-19.65% Feb 19, 2025 - Jul 2, 2025
#4	-7.31% Mar 18, 2015 - Jan 29, 2016	-17.52% Sep 21, 2018 - Mar 21, 2019
#5	-6.32% Nov 6, 2014 - Jan 27, 2015	-9.86% Sep 2, 2020 - Nov 9, 2020
#6	-5.93% Jun 23, 2021 - Sep 14, 2021	-9.65% Jan 29, 2026 - Apr 14, 2026
#7	-5.58% Oct 15, 2014 - Nov 6, 2014	-8.73% Jul 16, 2024 - Sep 19, 2024
#8	-5.15% May 4, 2021 - Jun 23, 2021	-7.18% Apr 30, 2019 - Jun 20, 2019
#9	-4.27% Aug 15, 2016 - Sep 30, 2016	-6.91% Jul 26, 2019 - Oct 30, 2019
#10	-4.04% Apr 13, 2016 - Jun 6, 2016	-5.83% Oct 28, 2025 - Dec 5, 2025
#11	-4.00% Jul 6, 2016 - Aug 5, 2016	-5.73% Sep 3, 2021 - Oct 21, 2021
#12	-3.76% Jun 17, 2016 - Jul 6, 2016	-5.49% Feb 12, 2021 - Mar 15, 2021
#13	-3.60% Oct 27, 2020 - Nov 17, 2020	-5.36% Mar 28, 2024 - May 15, 2024
#14	-3.53% Feb 11, 2021 - Apr 14, 2021	-4.86% Jun 4, 2026 - Jun 15, 2026
#15	-2.67% Feb 11, 2016 - Feb 25, 2016	-4.85% Nov 19, 2021 - Dec 27, 2021

Correlation

Correlation between NMS and NACP is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53

-101

Dividend Comparison (2014 - 2026)

NMS vs NACP dividend yield comparison.

Year	NMS	NACP
2026	3.75%	0.39%
2025	7.29%	0.62%
2024	6.05%	2.96%
2023	4.03%	1.28%
2022	5.24%	3.48%
2021	4.19%	3.06%
2020	3.93%	1.48%
2019	4.05%	1.22%
2018	5.52%	0.71%
2017	5.20%	0.00%
2016	4.68%	0.00%
2015	5.60%	0.00%
2014	0.96%	0.00%