NMT vs LSAF

Comparison between Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF) and LEADERSHARES(R) ALPHAFACTOR(R) US CORE EQUITY ETF (LSAF, ETF).

5-Year PerformanceLSAF has outperformed NMT, delivering a return of +10.4% compared to +2.1%

NMT vs LSAF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMT(ETF)	LSAF(ETF)
Net Assets	$115M	$115M
Expense Ratio	N/A	0.75%
Max Drawdown	48.99%	41.67%
Sharpe Ratio	1.09	1.45
5Y Beta	0.14	0.89
P/E Ratio	N/A	20.67
Forward P/E	N/A	13.85
PEG Ratio	N/A	0.30
5Y Dividends CAGR	9.51%	21.97%
5Y EPS CAGR	N/A	18.50%
Debt to Equity	N/A	-66.00%
P/S Ratio	N/A	1.17
P/B Ratio	N/A	3.04

Net Assets

Winner

NMT

$115M

LSAF

$115M

Expense Ratio

NMT

N/A

LSAF

0.75%

Max Drawdown

NMT

48.99%

Winner

LSAF

41.67%

Sharpe Ratio

NMT

1.09

Winner

LSAF

1.45

5Y Beta

Winner

NMT

0.14

LSAF

0.89

P/E Ratio

NMT

N/A

LSAF

20.67

Forward P/E

NMT

N/A

LSAF

13.85

PEG Ratio

NMT

N/A

LSAF

0.30

5Y Dividends CAGR

NMT

9.51%

Winner

LSAF

21.97%

5Y EPS CAGR

NMT

N/A

LSAF

18.50%

Debt to Equity

NMT

N/A

LSAF

-66.00%

P/S Ratio

NMT

N/A

LSAF

1.17

P/B Ratio

NMT

N/A

LSAF

3.04

NMT vs LSAF - Historical Returns

Returns include dividend reinvestment.

Period	NMT	LSAF
1 month	-0.27%	+6.94%
3 months	+8.94%	+14.93%
6 months	+15.71%	+13.95%
1 year	+17.10%	+26.50%
5 years(CAGR)	+2.07%	+10.39%
10 years(CAGR)	+2.95%	N/A
Max(CAGR)	+4.65%	+10.61%

NMT

-0.27%

Winner

LSAF

+6.94%

NMT

+8.94%

Winner

LSAF

+14.93%

Winner

NMT

+15.71%

LSAF

+13.95%

NMT

+17.10%

Winner

LSAF

+26.50%

5Y(CAGR)

NMT

+2.07%

Winner

LSAF

+10.39%

10Y(CAGR)

NMT

+2.95%

LSAF

N/A

Max(CAGR)

NMT

+4.65%

Winner

LSAF

+10.61%

NMT vs LSAF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMT	LSAF
2026	+17.82%	+13.80%
2025	+5.85%	+11.70%
2024	+16.17%	+18.47%
2023	+1.52%	+16.95%
2022	-30.75%	-13.02%
2021	+9.84%	+24.05%
2020	+6.18%	+6.59%
2019	+23.70%	+28.51%
2018	-14.40%	-15.47%
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 LSAF Drawdown Comparison

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

The maximum drawdown for LSAF was -41.67%, occurring on Mar 23, 2020. Recovery took 193 trading sessions.

The current NMT drawdown is -2.29%.

Rank	NMT	LSAF
#1	-40.09% Mar 2, 2006 - Sep 21, 2009	-41.67% Feb 12, 2020 - Nov 16, 2020
#2	-38.87% Nov 22, 2021 - May 1, 2026	-24.93% Jan 4, 2022 - Jan 22, 2024
#3	-21.46% Jan 24, 2013 - Dec 3, 2015	-20.74% Oct 2, 2018 - Jul 1, 2019
#4	-20.51% Jul 25, 2016 - Aug 1, 2019	-20.26% Nov 26, 2024 - Aug 22, 2025
#5	-18.20% Oct 21, 2010 - Jan 5, 2012	-7.65% Jul 16, 2024 - Aug 23, 2024
#6	-17.05% Jan 24, 2020 - Jul 10, 2020	-7.43% Jul 26, 2019 - Oct 25, 2019
#7	-16.42% Jun 4, 2003 - Mar 31, 2004	-6.99% Mar 28, 2024 - Jul 16, 2024
#8	-15.35% Feb 15, 2005 - Sep 7, 2005	-6.58% Feb 6, 2026 - Apr 13, 2026
#9	-13.69% Mar 31, 2004 - Oct 27, 2004	-6.43% Aug 30, 2021 - Nov 3, 2021
#10	-9.72% Nov 3, 1999 - Jul 27, 2000	-5.93% Nov 12, 2025 - Dec 5, 2025
#11	-8.85% Oct 7, 2009 - Mar 4, 2010	-5.90% Nov 16, 2021 - Dec 29, 2021
#12	-8.72% Feb 13, 2012 - May 2, 2012	-5.23% May 7, 2021 - Aug 3, 2021
#13	-8.29% Oct 8, 2002 - Mar 11, 2003	-5.10% Feb 12, 2021 - Mar 11, 2021
#14	-7.58% Oct 15, 2012 - Jan 17, 2013	-4.84% Aug 30, 2024 - Sep 19, 2024
#15	-7.49% Sep 7, 2005 - Feb 28, 2006	-4.62% Jan 20, 2021 - Feb 9, 2021

Correlation

Correlation between NMT and LSAF is 0.46 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.46

-101

Dividend Comparison (1999 - 2026)

NMT vs LSAF dividend yield comparison.

Year	NMT	LSAF
2026	2.47%	0.00%
2025	7.27%	0.69%
2024	5.94%	0.42%
2023	3.06%	0.84%
2022	4.50%	0.96%
2021	3.43%	0.37%
2020	3.60%	0.53%
2019	3.46%	0.71%
2018	4.66%	0.20%
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%