NMT vs IROC

Comparison between Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF) and INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF (IROC, ETF).

NMT vs IROC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMT(ETF)	IROC(ETF)
Net Assets	$114M	$114M
Expense Ratio	N/A	0.39%
Max Drawdown	48.99%	6.98%
Sharpe Ratio	1.16	1.14
5Y Beta	0.14	0.03
5Y Dividends CAGR	9.51%	N/A

Net Assets

Winner

NMT

$114M

IROC

$114M

Expense Ratio

NMT

N/A

IROC

0.39%

Max Drawdown

NMT

48.99%

Winner

IROC

6.98%

Sharpe Ratio

Winner

NMT

1.16

IROC

1.14

5Y Beta

NMT

0.14

Winner

IROC

0.03

5Y Dividends CAGR

NMT

9.51%

IROC

N/A

NMT vs IROC - Historical Returns

Returns include dividend reinvestment.

Period	NMT	IROC
1 month	+1.35%	+0.80%
3 months	+11.48%	+1.35%
6 months	+16.07%	+3.35%
1 year	+14.85%	+7.22%
5 years(CAGR)	+2.42%	N/A
10 years(CAGR)	+3.02%	N/A
Max(CAGR)	+4.66%	+4.80%

Winner

NMT

+1.35%

IROC

+0.80%

Winner

NMT

+11.48%

IROC

+1.35%

Winner

NMT

+16.07%

IROC

+3.35%

Winner

NMT

+14.85%

IROC

+7.22%

5Y(CAGR)

NMT

+2.42%

IROC

N/A

10Y(CAGR)

NMT

+3.02%

IROC

N/A

Max(CAGR)

NMT

+4.66%

Winner

IROC

+4.80%

NMT vs IROC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMT	IROC
2026	+18.19%	+2.74%
2025	+5.85%	+4.01%
2024	+16.17%	+4.75%
2023	+1.52%	+5.81%
2022	-30.75%	-0.88%
2021	+9.84%	N/A
2020	+6.18%	N/A
2019	+23.70%	N/A
2018	-14.40%	N/A
2017	+13.61%	N/A
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 IROC Drawdown Comparison

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

The maximum drawdown for IROC was -4.79%, occurring on Oct 25, 2023. Recovery took 88 trading sessions.

The current NMT drawdown is -1.99%. The current IROC drawdown is -0.17%.

Rank	NMT	IROC
#1	-40.09% Mar 2, 2006 - Sep 21, 2009	-4.79% Jul 26, 2023 - Nov 29, 2023
#2	-38.87% Nov 22, 2021 - May 1, 2026	-3.52% Mar 3, 2025 - Sep 8, 2025
#3	-21.46% Jan 24, 2013 - Dec 3, 2015	-2.93% Feb 2, 2023 - Jul 13, 2023
#4	-20.51% Jul 25, 2016 - Aug 1, 2019	-2.64% Feb 25, 2026 - May 29, 2026
#5	-18.20% Oct 21, 2010 - Jan 5, 2012	-1.46% Oct 2, 2024 - Nov 29, 2024
#6	-17.05% Jan 24, 2020 - Jul 10, 2020	-1.30% Dec 6, 2024 - Feb 4, 2025
#7	-16.42% Jun 4, 2003 - Mar 31, 2004	-1.05% May 15, 2024 - Jun 12, 2024
#8	-15.35% Feb 15, 2005 - Sep 7, 2005	-1.03% Mar 22, 2024 - May 7, 2024
#9	-13.69% Mar 31, 2004 - Oct 27, 2004	-1.00% Jan 12, 2024 - Jan 31, 2024
#10	-9.72% Nov 3, 1999 - Jul 27, 2000	-0.94% Dec 13, 2022 - Jan 9, 2023
#11	-8.85% Oct 7, 2009 - Mar 4, 2010	-0.84% Feb 1, 2024 - Feb 28, 2024
#12	-8.72% Feb 13, 2012 - May 2, 2012	-0.71% Aug 2, 2024 - Sep 4, 2024
#13	-8.29% Oct 8, 2002 - Mar 11, 2003	-0.55% Jun 14, 2024 - Jul 5, 2024
#14	-7.58% Oct 15, 2012 - Jan 17, 2013	-0.52% Nov 24, 2025 - Jan 2, 2026
#15	-7.49% Sep 7, 2005 - Feb 28, 2006	-0.47% Feb 6, 2025 - Feb 20, 2025

Correlation

Correlation between NMT and IROC is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

NMT vs IROC dividend yield comparison.

Year	NMT	IROC
2026	2.46%	2.13%
2025	7.27%	4.79%
2024	5.94%	4.08%
2023	3.06%	3.68%
2022	4.50%	0.00%
2021	3.43%	0.00%
2020	3.60%	0.00%
2019	3.46%	0.00%
2018	4.66%	0.00%
2017	4.57%	0.00%
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%