NMZ vs ACIO

Comparison between Nuveen Municipal High Income Opportunity Fund (NMZ, ETF) and APTUS COLLARED INVESTMENT OPPORTUNITY ETF (ACIO, ETF).

5-Year PerformanceACIO has outperformed NMZ, delivering a return of +10.5% compared to -1.5%

NMZ vs ACIO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMZ(ETF)	ACIO(ETF)
Net Assets	$2.20B	$2.30B
Expense Ratio	N/A	0.79%
Max Drawdown	63.45%	14.89%
Sharpe Ratio	0.32	1.55
5Y Beta	0.23	0.61
P/E Ratio	N/A	27.96
Forward P/E	N/A	22.33
PEG Ratio	N/A	0.62
5Y Dividends CAGR	2.57%	-6.50%
5Y EPS CAGR	N/A	26.35%
Debt to Equity	N/A	9.18%
P/S Ratio	N/A	4.20
P/B Ratio	N/A	5.61

Net Assets

NMZ

$2.20B

Winner

ACIO

$2.30B

Expense Ratio

NMZ

N/A

ACIO

0.79%

Max Drawdown

NMZ

63.45%

Winner

ACIO

14.89%

Sharpe Ratio

NMZ

0.32

Winner

ACIO

1.55

5Y Beta

Winner

NMZ

0.23

ACIO

0.61

P/E Ratio

NMZ

N/A

ACIO

27.96

Forward P/E

NMZ

N/A

ACIO

22.33

PEG Ratio

NMZ

N/A

ACIO

0.62

5Y Dividends CAGR

Winner

NMZ

2.57%

ACIO

-6.50%

5Y EPS CAGR

NMZ

N/A

ACIO

26.35%

Debt to Equity

NMZ

N/A

ACIO

9.18%

P/S Ratio

NMZ

N/A

ACIO

4.20

P/B Ratio

NMZ

N/A

ACIO

5.61

NMZ vs ACIO - Historical Returns

Returns include dividend reinvestment.

Period	NMZ	ACIO
1 month	+1.44%	+3.84%
3 months	-2.36%	+8.30%
6 months	+0.51%	+7.30%
1 year	+6.38%	+16.97%
5 years(CAGR)	-1.48%	+10.49%
10 years(CAGR)	+2.78%	N/A
Max(CAGR)	+4.95%	+10.56%

NMZ

+1.44%

Winner

ACIO

+3.84%

NMZ

-2.36%

Winner

ACIO

+8.30%

NMZ

+0.51%

Winner

ACIO

+7.30%

NMZ

+6.38%

Winner

ACIO

+16.97%

5Y(CAGR)

NMZ

-1.48%

Winner

ACIO

+10.49%

10Y(CAGR)

NMZ

+2.78%

ACIO

N/A

Max(CAGR)

NMZ

+4.95%

Winner

ACIO

+10.56%

NMZ vs ACIO - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NMZ	ACIO
2026	+3.80%	+7.83%
2025	+0.23%	+9.26%
2024	+15.82%	+22.36%
2023	-1.16%	+16.14%
2022	-27.24%	-10.52%
2021	+12.04%	+19.06%
2020	+7.47%	+9.44%
2019	+25.87%	+3.32%
2018	-9.94%	N/A
2017	+12.41%	N/A
2016	-1.39%	N/A
2015	+9.91%	N/A
2014	+19.39%	N/A
2013	-9.82%	N/A
2012	+23.60%	N/A
2011	+15.64%	N/A
2010	-0.99%	N/A
2009	+49.88%	N/A
2008	-35.08%	N/A
2007	-8.16%	N/A
2006	+16.86%	N/A
2005	+14.20%	N/A
2004	+9.13%	N/A
2003	+0.00%	N/A

NMZ vs ACIO Drawdown Comparison

The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.

The maximum drawdown for ACIO was -14.18%, occurring on Mar 23, 2020. Recovery took 123 trading sessions.

The current NMZ drawdown is -11.77%.

Rank	NMZ	ACIO
#1	-58.44% May 11, 2007 - Jan 13, 2012	-14.18% Jan 17, 2020 - Jul 15, 2020
#2	-40.01% Jul 13, 2021 - Oct 27, 2023	-14.00% Dec 20, 2021 - Nov 20, 2023
#3	-32.56% Feb 20, 2020 - Dec 30, 2020	-12.12% Jan 23, 2025 - Jun 30, 2025
#4	-22.40% Jan 24, 2013 - May 13, 2014	-7.22% Oct 28, 2025 - Apr 16, 2026
#5	-15.03% Jul 8, 2016 - Mar 8, 2019	-5.72% Sep 2, 2020 - Nov 9, 2020
#6	-12.78% Mar 17, 2004 - Oct 14, 2004	-5.31% Jul 26, 2019 - Nov 15, 2019
#7	-6.78% Feb 2, 2015 - Sep 22, 2015	-5.18% Jul 16, 2024 - Aug 19, 2024
#8	-5.68% Feb 2, 2012 - Mar 28, 2012	-4.27% Sep 2, 2021 - Oct 20, 2021
#9	-5.52% Feb 11, 2021 - Apr 13, 2021	-4.05% Feb 17, 2021 - Mar 26, 2021
#10	-5.15% Jun 2, 2006 - Aug 8, 2006	-3.60% Mar 28, 2024 - May 10, 2024
#11	-5.05% Aug 12, 2019 - Nov 11, 2019	-3.54% Dec 4, 2024 - Jan 23, 2025
#12	-4.75% Nov 1, 2012 - Dec 5, 2012	-3.16% Jan 20, 2021 - Feb 12, 2021
#13	-4.52% May 28, 2014 - Oct 20, 2014	-3.15% May 7, 2021 - Jun 14, 2021
#14	-4.47% Dec 13, 2012 - Jan 4, 2013	-2.93% Nov 8, 2021 - Dec 7, 2021
#15	-4.05% Jul 31, 2012 - Sep 18, 2012	-2.75% Aug 30, 2024 - Sep 19, 2024

Correlation

Correlation between NMZ and ACIO is 0.22 which considered as a very weak or no correlation - the stocks move independently of each other.

0.22

-101

Dividend Comparison (2004 - 2026)

NMZ vs ACIO dividend yield comparison.

Year	NMZ	ACIO
2026	3.19%	0.14%
2025	7.71%	0.37%
2024	6.35%	0.44%
2023	5.44%	0.72%
2022	7.04%	1.51%
2021	5.10%	0.60%
2020	5.09%	1.02%
2019	4.99%	1.32%
2018	6.15%	0.00%
2017	5.94%	0.00%
2016	6.94%	0.00%
2015	6.67%	0.00%
2014	6.88%	0.00%
2013	6.73%	0.00%
2012	5.72%	0.00%
2011	7.98%	0.00%
2010	8.75%	0.00%
2009	7.32%	0.00%
2008	11.33%	0.00%
2007	7.15%	0.00%
2006	5.82%	0.00%
2005	6.63%	0.00%
2004	7.44%	0.00%