NMT vs OVLH

Comparison between Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF) and OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF).

5-Year PerformanceOVLH has outperformed NMT, delivering a return of +8.4% compared to +1.8%

NMT vs OVLH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMT(ETF)	OVLH(ETF)
Net Assets	$116M	$116M
Expense Ratio	N/A	0.80%
Max Drawdown	48.99%	21.00%
Sharpe Ratio	1.26	0.92
5Y Beta	0.14	0.56
5Y Dividends CAGR	8.85%	N/A

Net Assets

Winner

NMT

$116M

OVLH

$116M

Expense Ratio

NMT

N/A

OVLH

0.80%

Max Drawdown

NMT

48.99%

Winner

OVLH

21.00%

Sharpe Ratio

Winner

NMT

1.26

OVLH

0.92

5Y Beta

Winner

NMT

0.14

OVLH

0.56

5Y Dividends CAGR

NMT

8.85%

OVLH

N/A

NMT vs OVLH - Historical Returns

Returns include dividend reinvestment.

Period	NMT	OVLH
1 month	+0.87%	-0.24%
3 months	+3.31%	+2.39%
6 months	+14.15%	+4.22%
1 year	+19.95%	+10.33%
5 years(CAGR)	+1.76%	+8.37%
10 years(CAGR)	+2.40%	N/A
Max(CAGR)	+4.60%	+10.11%

Winner

NMT

+0.87%

OVLH

-0.24%

Winner

NMT

+3.31%

OVLH

+2.39%

Winner

NMT

+14.15%

OVLH

+4.22%

Winner

NMT

+19.95%

OVLH

+10.33%

5Y(CAGR)

NMT

+1.76%

Winner

OVLH

+8.37%

10Y(CAGR)

NMT

+2.40%

OVLH

N/A

Max(CAGR)

NMT

+4.60%

Winner

OVLH

+10.11%

NMT vs OVLH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NMT	OVLH
2026	+17.11%	+4.54%
2025	+5.85%	+15.91%
2024	+16.17%	+19.10%
2023	+1.52%	+17.29%
2022	-30.75%	-16.38%
2021	+9.84%	+20.91%
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 OVLH Drawdown Comparison

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

The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.

The current NMT drawdown is -2.88%. The current OVLH drawdown is -2.99%.

Rank	NMT	OVLH
#1	-40.09% Mar 2, 2006 - Sep 21, 2009	-20.69% Dec 27, 2021 - Feb 2, 2024
#2	-38.87% Nov 22, 2021 - May 1, 2026	-8.81% Feb 19, 2025 - May 12, 2025
#3	-21.46% Jan 24, 2013 - Dec 3, 2015	-6.36% Jan 27, 2026 - Apr 17, 2026
#4	-20.51% Jul 25, 2016 - Aug 1, 2019	-5.22% Jul 16, 2024 - Sep 13, 2024
#5	-18.20% Oct 21, 2010 - Jan 5, 2012	-5.22% Sep 3, 2021 - Oct 28, 2021
#6	-17.05% Jan 24, 2020 - Jul 10, 2020	-3.89% Feb 16, 2021 - Mar 15, 2021
#7	-16.42% Jun 4, 2003 - Mar 31, 2004	-3.83% May 7, 2021 - Jun 11, 2021
#8	-15.35% Feb 15, 2005 - Sep 7, 2005	-3.83% Mar 27, 2024 - May 15, 2024
#9	-13.69% Mar 31, 2004 - Oct 27, 2004	-3.53% Jun 2, 2026 - Jun 10, 2026
#10	-9.72% Nov 3, 1999 - Jul 27, 2000	-3.16% Oct 28, 2025 - Jan 12, 2026
#11	-8.85% Oct 7, 2009 - Mar 4, 2010	-3.06% Dec 6, 2024 - Feb 19, 2025
#12	-8.72% Feb 13, 2012 - May 2, 2012	-2.72% Jul 12, 2021 - Jul 23, 2021
#13	-8.29% Oct 8, 2002 - Mar 11, 2003	-2.64% Nov 24, 2021 - Dec 10, 2021
#14	-7.58% Oct 15, 2012 - Jan 17, 2013	-2.57% Dec 15, 2021 - Dec 27, 2021
#15	-7.49% Sep 7, 2005 - Feb 28, 2006	-2.43% Jan 26, 2021 - Feb 4, 2021

Correlation

Correlation between NMT and OVLH is 0.55 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.55

-101

Dividend Comparison (1999 - 2026)

NMT vs OVLH dividend yield comparison.

Year	NMT	OVLH
2026	3.45%	0.00%
2025	7.27%	0.30%
2024	5.94%	0.32%
2023	3.06%	0.83%
2022	4.50%	0.79%
2021	3.43%	0.40%
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%