NMZ vs PICK

Comparison between Nuveen Municipal High Income Opportunity Fund (NMZ, ETF) and ISHARES MSCI GLOBAL METALS & MINING PRODUCERS ETF (PICK, ETF).

5-Year PerformancePICK has outperformed NMZ, delivering a return of +10.0% compared to -1.2%

NMZ vs PICK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMZ(ETF)	PICK(ETF)
Net Assets	$2.20B	$2.20B
Expense Ratio	N/A	0.39%
Max Drawdown	63.45%	73.97%
Sharpe Ratio	0.60	1.82
5Y Beta	0.23	1.10
5Y Dividends CAGR	0.86%	5.56%

Net Assets

NMZ

$2.20B

PICK

$2.20B

Expense Ratio

NMZ

N/A

PICK

0.39%

Max Drawdown

Winner

NMZ

63.45%

PICK

73.97%

Sharpe Ratio

NMZ

0.60

Winner

PICK

1.82

5Y Beta

Winner

NMZ

0.23

PICK

1.10

5Y Dividends CAGR

NMZ

0.86%

Winner

PICK

5.56%

NMZ vs PICK - Historical Returns

Returns include dividend reinvestment.

Period	NMZ	PICK
1 month	+4.53%	-7.53%
3 months	+4.63%	+8.73%
6 months	+6.71%	+14.05%
1 year	+9.82%	+63.16%
5 years(CAGR)	-1.24%	+10.05%
10 years(CAGR)	+2.42%	+16.42%
Max(CAGR)	+5.05%	+5.00%

Winner

NMZ

+4.53%

PICK

-7.53%

NMZ

+4.63%

Winner

PICK

+8.73%

NMZ

+6.71%

Winner

PICK

+14.05%

NMZ

+9.82%

Winner

PICK

+63.16%

5Y(CAGR)

NMZ

-1.24%

Winner

PICK

+10.05%

10Y(CAGR)

NMZ

+2.42%

Winner

PICK

+16.42%

Max(CAGR)

Winner

NMZ

+5.05%

PICK

+5.00%

NMZ vs PICK - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NMZ	PICK
2026	+6.39%	+12.26%
2025	+0.23%	+51.18%
2024	+15.82%	-16.01%
2023	-1.16%	+10.34%
2022	-27.24%	+2.84%
2021	+12.04%	+19.08%
2020	+7.47%	+26.33%
2019	+25.87%	+17.24%
2018	-9.94%	-21.02%
2017	+12.41%	+35.47%
2016	-1.39%	+57.74%
2015	+9.91%	-39.88%
2014	+19.39%	-18.55%
2013	-9.82%	-11.37%
2012	+23.60%	-11.61%
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 PICK Drawdown Comparison

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

The maximum drawdown for PICK was -68.87%, occurring on Jan 20, 2016. Recovery took 2240 trading sessions.

The current NMZ drawdown is -9.57%. The current PICK drawdown is -14.72%.

Rank	NMZ	PICK
#1	-58.44% May 11, 2007 - Jan 13, 2012	-68.87% Feb 8, 2012 - Jan 4, 2021
#2	-40.01% Jul 13, 2021 - Oct 27, 2023	-36.28% Apr 4, 2022 - Oct 3, 2025
#3	-32.56% Feb 20, 2020 - Dec 30, 2020	-19.87% May 11, 2021 - Mar 2, 2022
#4	-22.40% Jan 24, 2013 - May 13, 2014	-19.54% Feb 25, 2026 - May 6, 2026
#5	-15.03% Jul 8, 2016 - Mar 8, 2019	-14.72% Jun 2, 2026 - Jun 24, 2026
#6	-12.78% Mar 17, 2004 - Oct 14, 2004	-11.51% Jan 7, 2021 - Feb 16, 2021
#7	-6.78% Feb 2, 2015 - Sep 22, 2015	-10.33% Feb 24, 2021 - Apr 14, 2021
#8	-5.68% Feb 2, 2012 - Mar 28, 2012	-9.66% May 13, 2026 - Jun 2, 2026
#9	-5.52% Feb 11, 2021 - Apr 13, 2021	-8.99% Mar 3, 2022 - Mar 22, 2022
#10	-5.15% Jun 2, 2006 - Aug 8, 2006	-7.33% Jan 29, 2026 - Feb 11, 2026
#11	-5.05% Aug 12, 2019 - Nov 11, 2019	-5.35% Oct 29, 2025 - Nov 28, 2025
#12	-4.75% Nov 1, 2012 - Dec 5, 2012	-4.42% Feb 11, 2026 - Feb 24, 2026
#13	-4.52% May 28, 2014 - Oct 20, 2014	-4.11% Oct 8, 2025 - Oct 13, 2025
#14	-4.47% Dec 13, 2012 - Jan 4, 2013	-2.92% Apr 28, 2021 - May 5, 2021
#15	-4.05% Jul 31, 2012 - Sep 18, 2012	-2.74% Oct 15, 2025 - Oct 28, 2025

Correlation

Correlation between NMZ and PICK is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.57

-101

Dividend Comparison (2004 - 2026)

NMZ vs PICK dividend yield comparison.

Year	NMZ	PICK
2026	3.76%	0.93%
2025	7.71%	2.88%
2024	6.35%	3.26%
2023	5.44%	4.19%
2022	7.04%	6.93%
2021	5.10%	5.89%
2020	5.09%	2.27%
2019	4.99%	5.51%
2018	6.15%	4.77%
2017	5.94%	2.41%
2016	6.94%	1.15%
2015	6.67%	15.77%
2014	6.88%	2.89%
2013	6.73%	3.39%
2012	5.72%	1.28%
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%