NMZ vs TAGG

Comparison between Nuveen Municipal High Income Opportunity Fund (NMZ, ETF) and T. ROWE PRICE QM U.S. BOND ETF (TAGG, ETF).

5-Year PerformanceTAGG has outperformed NMZ, delivering a return of +0.2% compared to -1.7%

NMZ vs TAGG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NMZ(ETF)	TAGG(ETF)
Net Assets	$2.20B	$2.30B
Expense Ratio	N/A	0.08%
Max Drawdown	63.45%	21.31%
Sharpe Ratio	0.68	-0.34
5Y Beta	0.23	0.03
5Y Dividends CAGR	2.41%	N/A

Net Assets

NMZ

$2.20B

Winner

TAGG

$2.30B

Expense Ratio

NMZ

N/A

TAGG

0.08%

Max Drawdown

NMZ

63.45%

Winner

TAGG

21.31%

Sharpe Ratio

Winner

NMZ

0.68

TAGG

-0.34

5Y Beta

NMZ

0.23

Winner

TAGG

0.03

5Y Dividends CAGR

NMZ

2.41%

TAGG

N/A

NMZ vs TAGG - Historical Returns

Returns include dividend reinvestment.

Period	NMZ	TAGG
1 month	-1.48%	-0.30%
3 months	+2.52%	-0.33%
6 months	+1.39%	-0.60%
1 year	+10.50%	+2.51%
5 years(CAGR)	-1.74%	+0.20%
10 years(CAGR)	+2.13%	N/A
Max(CAGR)	+4.98%	+0.20%

NMZ

-1.48%

Winner

TAGG

-0.30%

Winner

NMZ

+2.52%

TAGG

-0.33%

Winner

NMZ

+1.39%

TAGG

-0.60%

Winner

NMZ

+10.50%

TAGG

+2.51%

5Y(CAGR)

NMZ

-1.74%

Winner

TAGG

+0.20%

10Y(CAGR)

NMZ

+2.13%

TAGG

N/A

Max(CAGR)

Winner

NMZ

+4.98%

TAGG

+0.20%

NMZ vs TAGG - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NMZ	TAGG
2026	+5.43%	+0.01%
2025	+0.23%	+7.35%
2024	+15.82%	+2.10%
2023	-1.16%	+5.30%
2022	-27.24%	-12.04%
2021	+12.04%	+0.01%
2020	+7.47%	N/A
2019	+25.87%	N/A
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 TAGG Drawdown Comparison

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

The maximum drawdown for TAGG was -17.27%, occurring on Oct 20, 2022. Recovery took 987 trading sessions.

The current NMZ drawdown is -10.39%. The current TAGG drawdown is -2.17%.

Rank	NMZ	TAGG
#1	-58.44% May 11, 2007 - Jan 13, 2012	-17.27% Nov 9, 2021 - Oct 16, 2025
#2	-40.01% Jul 13, 2021 - Oct 27, 2023	-3.19% Feb 27, 2026 - May 19, 2026
#3	-32.56% Feb 20, 2020 - Dec 30, 2020	-1.08% Oct 27, 2025 - Nov 26, 2025
#4	-22.40% Jan 24, 2013 - May 13, 2014	-1.01% Oct 1, 2021 - Nov 5, 2021
#5	-15.03% Jul 8, 2016 - Mar 8, 2019	-0.88% Nov 26, 2025 - Jan 14, 2026
#6	-12.78% Mar 17, 2004 - Oct 14, 2004	-0.62% Jan 14, 2026 - Feb 5, 2026
#7	-6.78% Feb 2, 2015 - Sep 22, 2015	-0.21% Nov 5, 2021 - Nov 9, 2021
#8	-5.68% Feb 2, 2012 - Mar 28, 2012	-0.19% Oct 22, 2025 - Oct 27, 2025
#9	-5.52% Feb 11, 2021 - Apr 13, 2021	-0.17% Feb 10, 2026 - Feb 12, 2026
#10	-5.15% Jun 2, 2006 - Aug 8, 2006	-0.15% Feb 17, 2026 - Feb 23, 2026
#11	-5.05% Aug 12, 2019 - Nov 11, 2019	-0.14% Feb 6, 2026 - Feb 10, 2026
#12	-4.75% Nov 1, 2012 - Dec 5, 2012	-0.07% Feb 23, 2026 - Feb 26, 2026
#13	-4.52% May 28, 2014 - Oct 20, 2014	-0.07% Oct 16, 2025 - Oct 20, 2025
#14	-4.47% Dec 13, 2012 - Jan 4, 2013	N/A
#15	-4.05% Jul 31, 2012 - Sep 18, 2012	N/A

Correlation

Correlation between NMZ and TAGG is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2004 - 2026)

NMZ vs TAGG dividend yield comparison.

Year	NMZ	TAGG
2026	4.46%	2.59%
2025	7.71%	4.36%
2024	6.35%	4.36%
2023	5.44%	3.48%
2022	7.04%	3.67%
2021	5.10%	0.33%
2020	5.09%	0.00%
2019	4.99%	0.00%
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%