NMT vs PFIG
Comparison between Nuveen Massachusetts Quality Municipal Income Fund (NMT, ETF) and INVESCO FUNDAMENTAL INVESTMENT GRADE CORPORATE BOND ETF (PFIG, ETF).
5-Year PerformanceNMT has outperformed PFIG, delivering a return of +1.8% compared to +1.1%
NMT vs PFIG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NMT vs PFIG - Historical Returns
Returns include dividend reinvestment.
NMT vs PFIG - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NMT | PFIG |
|---|---|---|
| 2026 | +17.11% | -0.27% |
| 2025 | +5.85% | +7.73% |
| 2024 | +16.17% | +3.68% |
| 2023 | +1.52% | +6.70% |
| 2022 | -30.75% | -9.69% |
| 2021 | +9.84% | -1.30% |
| 2020 | +6.18% | +7.50% |
| 2019 | +23.70% | +9.72% |
| 2018 | -14.40% | -0.66% |
| 2017 | +13.61% | +3.47% |
| 2016 | +0.05% | +3.40% |
| 2015 | +8.91% | +0.95% |
| 2014 | +15.06% | +4.60% |
| 2013 | -16.13% | -1.16% |
| 2012 | +6.26% | +5.60% |
| 2011 | +17.17% | +1.99% |
| 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 PFIG Drawdown Comparison
The maximum drawdown for NMT was -40.09%, occurring on Oct 10, 2008. Recovery took 895 trading sessions.
The maximum drawdown for PFIG was -15.58%, occurring on Oct 20, 2022. Recovery took 921 trading sessions.
The current NMT drawdown is -2.88%. The current PFIG drawdown is -1.42%.
| Rank | NMT | PFIG |
|---|---|---|
| #1 | -40.09% Mar 2, 2006 - Sep 21, 2009 | -15.58% Aug 3, 2021 - Apr 3, 2025 |
| #2 | -38.87% Nov 22, 2021 - May 1, 2026 | -14.64% Mar 3, 2020 - May 29, 2020 |
| #3 | -21.46% Jan 24, 2013 - Dec 3, 2015 | -5.24% May 1, 2013 - Apr 11, 2014 |
| #4 | -20.51% Jul 25, 2016 - Aug 1, 2019 | -4.08% Nov 1, 2011 - May 7, 2012 |
| #5 | -18.20% Oct 21, 2010 - Jan 5, 2012 | -3.65% Sep 27, 2016 - Jun 2, 2017 |
| #6 | -17.05% Jan 24, 2020 - Jul 10, 2020 | -3.41% Sep 5, 2017 - Jan 30, 2019 |
| #7 | -16.42% Jun 4, 2003 - Mar 31, 2004 | -2.89% Dec 30, 2020 - Jul 19, 2021 |
| #8 | -15.35% Feb 15, 2005 - Sep 7, 2005 | -2.48% Sep 22, 2011 - Oct 19, 2011 |
| #9 | -13.69% Mar 31, 2004 - Oct 27, 2004 | -2.32% Apr 1, 2015 - Mar 16, 2016 |
| #10 | -9.72% Nov 3, 1999 - Jul 27, 2000 | -2.03% Apr 4, 2025 - May 30, 2025 |
| #11 | -8.85% Oct 7, 2009 - Mar 4, 2010 | -1.95% Feb 23, 2026 - Mar 26, 2026 |
| #12 | -8.72% Feb 13, 2012 - May 2, 2012 | -1.76% Oct 15, 2014 - Jan 12, 2015 |
| #13 | -8.29% Oct 8, 2002 - Mar 11, 2003 | -1.55% Sep 4, 2019 - Oct 3, 2019 |
| #14 | -7.58% Oct 15, 2012 - Jan 17, 2013 | -1.38% May 18, 2012 - Jun 18, 2012 |
| #15 | -7.49% Sep 7, 2005 - Feb 28, 2006 | -1.37% Dec 5, 2012 - Apr 4, 2013 |
Correlation
Correlation between NMT and PFIG is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
NMT vs PFIG dividend yield comparison.
| Year | NMT | PFIG |
|---|---|---|
| 2026 | 3.45% | 2.58% |
| 2025 | 7.27% | 4.15% |
| 2024 | 5.94% | 4.12% |
| 2023 | 3.06% | 3.54% |
| 2022 | 4.50% | 2.58% |
| 2021 | 3.43% | 3.34% |
| 2020 | 3.60% | 2.81% |
| 2019 | 3.46% | 2.92% |
| 2018 | 4.66% | 2.88% |
| 2017 | 4.57% | 2.54% |
| 2016 | 5.30% | 2.58% |
| 2015 | 5.15% | 2.57% |
| 2014 | 5.05% | 2.39% |
| 2013 | 5.63% | 2.19% |
| 2012 | 4.93% | 2.30% |
| 2011 | 5.24% | 0.64% |
| 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% |
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