NMT vs FLEE

Comparison between Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF) and FRANKLIN FTSE EUROPE ETF (FLEE, ETF).

5-Year PerformanceFLEE has outperformed NMT, delivering a return of +9.2% compared to +1.8%

NMT vs FLEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMT(ETF)	FLEE(ETF)
Net Assets	$116M	$116M
Expense Ratio	N/A	0.09%
Max Drawdown	48.99%	41.14%
Sharpe Ratio	1.26	0.93
5Y Beta	0.14	0.68
5Y Dividends CAGR	8.85%	5.34%

Net Assets

NMT

$116M

Winner

FLEE

$116M

Expense Ratio

NMT

N/A

FLEE

0.09%

Max Drawdown

NMT

48.99%

Winner

FLEE

41.14%

Sharpe Ratio

Winner

NMT

1.26

FLEE

0.93

5Y Beta

Winner

NMT

0.14

FLEE

0.68

5Y Dividends CAGR

Winner

NMT

8.85%

FLEE

5.34%

NMT vs FLEE - Historical Returns

Returns include dividend reinvestment.

Period	NMT	FLEE
1 month	+0.87%	+0.89%
3 months	+3.31%	+3.11%
6 months	+14.15%	+3.09%
1 year	+19.95%	+14.36%
5 years(CAGR)	+1.76%	+9.24%
10 years(CAGR)	+2.40%	+8.31%
Max(CAGR)	+4.60%	+8.31%

NMT

+0.87%

Winner

FLEE

+0.89%

Winner

NMT

+3.31%

FLEE

+3.11%

Winner

NMT

+14.15%

FLEE

+3.09%

Winner

NMT

+19.95%

FLEE

+14.36%

5Y(CAGR)

NMT

+1.76%

Winner

FLEE

+9.24%

10Y(CAGR)

NMT

+2.40%

Winner

FLEE

+8.31%

Max(CAGR)

NMT

+4.60%

Winner

FLEE

+8.31%

NMT vs FLEE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMT	FLEE
2026	+17.11%	+5.55%
2025	+5.85%	+36.30%
2024	+16.17%	+3.28%
2023	+1.52%	+19.50%
2022	-30.75%	-15.69%
2021	+9.84%	+15.55%
2020	+6.18%	+4.39%
2019	+23.70%	+25.48%
2018	-14.40%	-15.33%
2017	+13.61%	+1.47%
2016	+0.05%	N/A
2015	+8.91%	N/A
2014	+15.06%	N/A
2013	-16.13%	N/A
2012	+6.26%	N/A
2011	+17.17%	N/A
2010	+4.45%	N/A
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 FLEE Drawdown Comparison

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

The maximum drawdown for FLEE was -37.27%, occurring on Mar 18, 2020. Recovery took 216 trading sessions.

The current NMT drawdown is -2.88%. The current FLEE drawdown is -2.55%.

Rank	NMT	FLEE
#1	-40.09% Mar 2, 2006 - Sep 21, 2009	-37.27% Jan 17, 2020 - Nov 24, 2020
#2	-38.87% Nov 22, 2021 - May 1, 2026	-31.60% Sep 2, 2021 - Dec 14, 2023
#3	-21.46% Jan 24, 2013 - Dec 3, 2015	-22.67% Jan 26, 2018 - Jan 2, 2020
#4	-20.51% Jul 25, 2016 - Aug 1, 2019	-14.59% Mar 18, 2025 - Apr 29, 2025
#5	-18.20% Oct 21, 2010 - Jan 5, 2012	-12.37% Feb 25, 2026 - Jul 2, 2026
#6	-17.05% Jan 24, 2020 - Jul 10, 2020	-11.08% Sep 26, 2024 - Feb 28, 2025
#7	-16.42% Jun 4, 2003 - Mar 31, 2004	-6.61% Jun 6, 2024 - Aug 19, 2024
#8	-15.35% Feb 15, 2005 - Sep 7, 2005	-5.71% Jun 15, 2021 - Aug 5, 2021
#9	-13.69% Mar 31, 2004 - Oct 27, 2004	-5.53% Jul 23, 2025 - Aug 20, 2025
#10	-9.72% Nov 3, 1999 - Jul 27, 2000	-5.22% Nov 12, 2025 - Dec 10, 2025
#11	-8.85% Oct 7, 2009 - Mar 4, 2010	-4.90% Jan 8, 2021 - Feb 16, 2021
#12	-8.72% Feb 13, 2012 - May 2, 2012	-4.29% Dec 27, 2023 - Feb 21, 2024
#13	-8.29% Oct 8, 2002 - Mar 11, 2003	-4.20% Mar 27, 2024 - May 7, 2024
#14	-7.58% Oct 15, 2012 - Jan 17, 2013	-3.70% Aug 30, 2024 - Sep 26, 2024
#15	-7.49% Sep 7, 2005 - Feb 28, 2006	-3.21% Jun 12, 2025 - Jul 2, 2025

Correlation

Correlation between NMT and FLEE is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (1999 - 2026)

NMT vs FLEE dividend yield comparison.

Year	NMT	FLEE
2026	3.45%	2.27%
2025	7.27%	2.76%
2024	5.94%	3.93%
2023	3.06%	2.58%
2022	4.50%	3.48%
2021	3.43%	3.61%
2020	3.60%	1.88%
2019	3.46%	3.02%
2018	4.66%	3.85%
2017	4.57%	0.02%
2016	5.30%	0.00%
2015	5.15%	0.00%
2014	5.05%	0.00%
2013	5.63%	0.00%
2012	4.93%	0.00%
2011	5.24%	0.00%
2010	6.12%	0.00%
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%