NMZ vs QDF
Comparison between Nuveen Municipal High Income Opportunity Fund (NMZ, ETF) and FLEXSHARES QUALITY DIVIDEND INDEX FUND (QDF, ETF).
5-Year PerformanceQDF has outperformed NMZ, delivering a return of +12.0% compared to -1.2%
NMZ vs QDF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NMZ vs QDF - Historical Returns
Returns include dividend reinvestment.
NMZ vs QDF - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | NMZ | QDF |
|---|---|---|
| 2026 | +6.39% | +9.22% |
| 2025 | +0.23% | +16.90% |
| 2024 | +15.82% | +17.35% |
| 2023 | -1.16% | +20.23% |
| 2022 | -27.24% | -12.32% |
| 2021 | +12.04% | +28.22% |
| 2020 | +7.47% | +4.57% |
| 2019 | +25.87% | +25.67% |
| 2018 | -9.94% | -8.42% |
| 2017 | +12.41% | +16.35% |
| 2016 | -1.39% | +18.28% |
| 2015 | +9.91% | -0.87% |
| 2014 | +19.39% | +12.97% |
| 2013 | -9.82% | +33.51% |
| 2012 | +23.60% | -1.59% |
| 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 QDF Drawdown Comparison
The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.
The maximum drawdown for QDF was -36.64%, occurring on Mar 23, 2020. Recovery took 203 trading sessions.
The current NMZ drawdown is -9.57%. The current QDF drawdown is -1.47%.
| Rank | NMZ | QDF |
|---|---|---|
| #1 | -58.44% May 11, 2007 - Jan 13, 2012 | -36.64% Feb 12, 2020 - Dec 1, 2020 |
| #2 | -40.01% Jul 13, 2021 - Oct 27, 2023 | -22.06% Jan 4, 2022 - Jul 19, 2023 |
| #3 | -32.56% Feb 20, 2020 - Dec 30, 2020 | -19.87% Sep 21, 2018 - Oct 21, 2019 |
| #4 | -22.40% Jan 24, 2013 - May 13, 2014 | -18.01% Dec 2, 2024 - Jun 27, 2025 |
| #5 | -15.03% Jul 8, 2016 - Mar 8, 2019 | -13.20% May 21, 2015 - Apr 13, 2016 |
| #6 | -12.78% Mar 17, 2004 - Oct 14, 2004 | -10.62% Jan 26, 2018 - Aug 21, 2018 |
| #7 | -6.78% Feb 2, 2015 - Sep 22, 2015 | -10.52% Jul 31, 2023 - Dec 11, 2023 |
| #8 | -5.68% Feb 2, 2012 - Mar 28, 2012 | -7.89% Feb 25, 2026 - Apr 17, 2026 |
| #9 | -5.52% Feb 11, 2021 - Apr 13, 2021 | -6.90% Sep 18, 2014 - Oct 31, 2014 |
| #10 | -5.15% Jun 2, 2006 - Aug 8, 2006 | -6.04% Dec 31, 2013 - Feb 28, 2014 |
| #11 | -5.05% Aug 12, 2019 - Nov 11, 2019 | -5.75% Jul 16, 2024 - Aug 19, 2024 |
| #12 | -4.75% Nov 1, 2012 - Dec 5, 2012 | -5.75% Mar 28, 2024 - May 15, 2024 |
| #13 | -4.52% May 28, 2014 - Oct 20, 2014 | -5.22% Aug 2, 2013 - Oct 17, 2013 |
| #14 | -4.47% Dec 13, 2012 - Jan 4, 2013 | -5.18% Jun 23, 2016 - Jul 8, 2016 |
| #15 | -4.05% Jul 31, 2012 - Sep 18, 2012 | -5.05% May 21, 2013 - Jul 9, 2013 |
Correlation
Correlation between NMZ and QDF is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2004 - 2026)
NMZ vs QDF dividend yield comparison.
| Year | NMZ | QDF |
|---|---|---|
| 2026 | 3.76% | 0.63% |
| 2025 | 7.71% | 1.65% |
| 2024 | 6.35% | 1.93% |
| 2023 | 5.44% | 2.19% |
| 2022 | 7.04% | 2.45% |
| 2021 | 5.10% | 1.90% |
| 2020 | 5.09% | 2.38% |
| 2019 | 4.99% | 3.05% |
| 2018 | 6.15% | 4.29% |
| 2017 | 5.94% | 2.70% |
| 2016 | 6.94% | 3.07% |
| 2015 | 6.67% | 3.04% |
| 2014 | 6.88% | 2.70% |
| 2013 | 6.73% | 2.08% |
| 2012 | 5.72% | 0.49% |
| 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% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks