NMT vs ELD

Comparison between Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF) and WisdomTree Emerging Market Local Debt Fund (ELD, ETF).

5-Year PerformanceNMT has outperformed ELD, delivering a return of +2.4% compared to +2.1%

NMT vs ELD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMT(ETF)	ELD(ETF)
Net Assets	$114M	$115M
Expense Ratio	N/A	0.55%
Max Drawdown	48.99%	56.01%
Sharpe Ratio	1.16	0.61
5Y Beta	0.14	0.20
5Y Dividends CAGR	9.51%	0.92%

Net Assets

NMT

$114M

Winner

ELD

$115M

Expense Ratio

NMT

N/A

ELD

0.55%

Max Drawdown

Winner

NMT

48.99%

ELD

56.01%

Sharpe Ratio

Winner

NMT

1.16

ELD

0.61

5Y Beta

Winner

NMT

0.14

ELD

0.20

5Y Dividends CAGR

Winner

NMT

9.51%

ELD

0.92%

NMT vs ELD - Historical Returns

Returns include dividend reinvestment.

Period	NMT	ELD
1 month	+1.35%	-0.58%
3 months	+11.48%	-0.43%
6 months	+16.07%	+1.46%
1 year	+14.85%	+9.33%
5 years(CAGR)	+2.42%	+2.11%
10 years(CAGR)	+3.02%	+2.67%
Max(CAGR)	+4.66%	+1.23%

Winner

NMT

+1.35%

ELD

-0.58%

Winner

NMT

+11.48%

ELD

-0.43%

Winner

NMT

+16.07%

ELD

+1.46%

Winner

NMT

+14.85%

ELD

+9.33%

5Y(CAGR)

Winner

NMT

+2.42%

ELD

+2.11%

10Y(CAGR)

Winner

NMT

+3.02%

ELD

+2.67%

Max(CAGR)

Winner

NMT

+4.66%

ELD

+1.23%

NMT vs ELD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMT	ELD
2026	+18.19%	-0.18%
2025	+5.85%	+21.18%
2024	+16.17%	-3.40%
2023	+1.52%	+14.88%
2022	-30.75%	-9.09%
2021	+9.84%	-9.77%
2020	+6.18%	+1.78%
2019	+23.70%	+12.49%
2018	-14.40%	-8.57%
2017	+13.61%	+13.54%
2016	+0.05%	+10.57%
2015	+8.91%	-12.81%
2014	+15.06%	-5.11%
2013	-16.13%	-11.17%
2012	+6.26%	+13.27%
2011	+17.17%	-2.36%
2010	+4.45%	+4.72%
2009	+43.04%	N/A
2008	-20.35%	N/A
2007	-7.15%	N/A
2006	-3.17%	N/A
2005	+3.83%	N/A
2004	+8.22%	N/A
2003	+4.73%	N/A
2002	+6.23%	N/A
2001	+12.45%	N/A
2000	+10.29%	N/A
1999	-6.15%	N/A

NMT vs ELD Drawdown Comparison

The maximum drawdown for NMT was -40.09%, occurring on Oct 10, 2008. Recovery took 895 trading sessions.

The maximum drawdown for ELD was -31.92%, occurring on Jan 20, 2016. Recovery took 3163 trading sessions.

The current NMT drawdown is -1.99%. The current ELD drawdown is -3.70%.

Rank	NMT	ELD
#1	-40.09% Mar 2, 2006 - Sep 21, 2009	-31.92% May 8, 2013 - Dec 3, 2025
#2	-38.87% Nov 22, 2021 - May 1, 2026	-12.91% Aug 1, 2011 - Sep 13, 2012
#3	-21.46% Jan 24, 2013 - Dec 3, 2015	-7.15% Feb 13, 2026 - Mar 27, 2026
#4	-20.51% Jul 25, 2016 - Aug 1, 2019	-5.51% Nov 4, 2010 - Apr 8, 2011
#5	-18.20% Oct 21, 2010 - Jan 5, 2012	-2.42% Apr 29, 2011 - Jul 1, 2011
#6	-17.05% Jan 24, 2020 - Jul 10, 2020	-2.11% Oct 14, 2010 - Nov 4, 2010
#7	-16.42% Jun 4, 2003 - Mar 31, 2004	-1.33% Jan 27, 2026 - Feb 13, 2026
#8	-15.35% Feb 15, 2005 - Sep 7, 2005	-1.33% Feb 19, 2013 - Apr 9, 2013
#9	-13.69% Mar 31, 2004 - Oct 27, 2004	-1.19% Jul 8, 2011 - Jul 20, 2011
#10	-9.72% Nov 3, 1999 - Jul 27, 2000	-1.00% Jan 17, 2013 - Feb 19, 2013
#11	-8.85% Oct 7, 2009 - Mar 4, 2010	-0.98% Dec 3, 2025 - Dec 11, 2025
#12	-8.72% Feb 13, 2012 - May 2, 2012	-0.97% Oct 4, 2012 - Oct 16, 2012
#13	-8.29% Oct 8, 2002 - Mar 11, 2003	-0.95% Sep 14, 2012 - Oct 4, 2012
#14	-7.58% Oct 15, 2012 - Jan 17, 2013	-0.90% Apr 15, 2011 - Apr 20, 2011
#15	-7.49% Sep 7, 2005 - Feb 28, 2006	-0.89% Apr 11, 2013 - Apr 26, 2013

Correlation

Correlation between NMT and ELD is 0.19 which considered as a very weak or no correlation - the stocks move independently of each other.

0.19

-101

Dividend Comparison (1999 - 2026)

NMT vs ELD dividend yield comparison.

Year	NMT	ELD
2026	2.46%	2.55%
2025	7.27%	5.38%
2024	5.94%	5.75%
2023	3.06%	4.85%
2022	4.50%	5.29%
2021	3.43%	4.98%
2020	3.60%	4.70%
2019	3.46%	4.92%
2018	4.66%	6.30%
2017	4.57%	4.68%
2016	5.30%	4.86%
2015	5.15%	5.57%
2014	5.05%	4.33%
2013	5.63%	3.90%
2012	4.93%	3.88%
2011	5.24%	4.79%
2010	6.12%	1.70%
2009	5.31%	0.00%
2008	6.87%	0.00%
2007	5.04%	0.00%
2006	5.10%	0.00%
2005	5.67%	0.00%
2004	5.64%	0.00%
2003	6.12%	0.00%
2002	5.39%	0.00%
2001	6.16%	0.00%
2000	5.75%	0.00%
1999	1.00%	0.00%