NMS vs SPBW
Comparison between Nuveen Minnesota Quality Municipal Income Fund (NMS, ETF) and ALLIANZIM BUFFER20 ALLOCATION ETF (SPBW, ETF).
NMS vs SPBW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NMS
$76M
SPBW
$76M
Expense Ratio
NMS
N/A
SPBW
0.79%
Max Drawdown
NMS
47.88%
Winner
SPBW
8.76%
Sharpe Ratio
NMS
1.36
Winner
SPBW
1.77
5Y Beta
Winner
NMS
0.05
SPBW
0.41
5Y Dividends CAGR
NMS
7.77%
SPBW
N/A
NMS vs SPBW - Historical Returns
Returns include dividend reinvestment.
1M
NMS
-0.34%
Winner
SPBW
+0.56%
3M
NMS
+4.46%
Winner
SPBW
+4.55%
6M
Winner
NMS
+6.39%
SPBW
+4.76%
1Y
Winner
NMS
+15.41%
SPBW
+11.58%
5Y(CAGR)
NMS
-0.22%
SPBW
N/A
10Y(CAGR)
NMS
+1.78%
SPBW
N/A
Max(CAGR)
NMS
+3.31%
Winner
SPBW
+9.80%
NMS vs SPBW - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | NMS | SPBW |
|---|---|---|
| 2026 | +8.15% | +4.18% |
| 2025 | +2.31% | +9.57% |
| 2024 | +18.82% | N/A |
| 2023 | -0.21% | N/A |
| 2022 | -22.04% | N/A |
| 2021 | +6.60% | N/A |
| 2020 | +7.38% | N/A |
| 2019 | +23.39% | N/A |
| 2018 | -12.96% | N/A |
| 2017 | -4.05% | N/A |
| 2016 | +12.86% | N/A |
| 2015 | +6.24% | N/A |
| 2014 | -3.37% | N/A |
NMS vs SPBW 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 SPBW was -8.76%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
The current NMS drawdown is -2.97%. The current SPBW drawdown is -0.35%.
| Rank | NMS | SPBW |
|---|---|---|
| #1 | -38.76% Sep 16, 2021 - Oct 25, 2023 | -8.76% Feb 19, 2025 - Jun 3, 2025 |
| #2 | -25.42% Sep 30, 2016 - Aug 11, 2020 | -2.86% Jan 27, 2026 - Apr 9, 2026 |
| #3 | -7.35% Aug 19, 2020 - Oct 27, 2020 | -1.40% Oct 27, 2025 - Nov 25, 2025 |
| #4 | -7.31% Mar 18, 2015 - Jan 29, 2016 | -1.14% Jun 1, 2026 - Jun 10, 2026 |
| #5 | -6.32% Nov 6, 2014 - Jan 27, 2015 | -0.83% Oct 6, 2025 - Oct 20, 2025 |
| #6 | -5.93% Jun 23, 2021 - Sep 14, 2021 | -0.76% Jul 28, 2025 - Aug 8, 2025 |
| #7 | -5.58% Oct 15, 2014 - Nov 6, 2014 | -0.68% Jan 12, 2026 - Jan 26, 2026 |
| #8 | -5.15% May 4, 2021 - Jun 23, 2021 | -0.54% Jan 8, 2025 - Jan 15, 2025 |
| #9 | -4.27% Aug 15, 2016 - Sep 30, 2016 | -0.51% Jun 12, 2025 - Jun 16, 2025 |
| #10 | -4.04% Apr 13, 2016 - Jun 6, 2016 | -0.44% Aug 13, 2025 - Aug 22, 2025 |
| #11 | -4.00% Jul 6, 2016 - Aug 5, 2016 | -0.44% Jun 16, 2025 - Jun 23, 2025 |
| #12 | -3.76% Jun 17, 2016 - Jul 6, 2016 | -0.43% Jan 23, 2025 - Feb 6, 2025 |
| #13 | -3.60% Oct 27, 2020 - Nov 17, 2020 | -0.39% Dec 11, 2025 - Dec 19, 2025 |
| #14 | -3.53% Feb 11, 2021 - Apr 14, 2021 | -0.33% May 14, 2026 - May 21, 2026 |
| #15 | -2.67% Feb 11, 2016 - Feb 25, 2016 | -0.28% Apr 17, 2026 - Apr 22, 2026 |
Correlation
Correlation between NMS and SPBW is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
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