NPFI vs GMMF
Comparison between NUVEEN PREFERRED AND INCOME ETF (NPFI, ETF) and iShares Government Money Market ETF (GMMF, ETF).
NPFI vs GMMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NPFI
$166M
Winner
GMMF
$167M
Expense Ratio
NPFI
0.56%
Winner
GMMF
0.20%
Max Drawdown
NPFI
4.74%
Winner
GMMF
0.43%
Sharpe Ratio
Winner
NPFI
1.22
GMMF
0.37
5Y Beta
NPFI
0.11
Winner
GMMF
-0.00
NPFI vs GMMF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NPFI
+0.47%
GMMF
+0.32%
3M
Winner
NPFI
+1.83%
GMMF
+0.90%
6M
Winner
NPFI
+2.12%
GMMF
+1.76%
1Y
Winner
NPFI
+7.52%
GMMF
+3.85%
Max(CAGR)
Winner
NPFI
+7.74%
GMMF
+3.93%
NPFI vs GMMF - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | NPFI | GMMF |
|---|---|---|
| 2026 | +1.63% | +1.54% |
| 2025 | +9.13% | +3.70% |
| 2024 | +6.56% | N/A |
NPFI vs GMMF Drawdown Comparison
The maximum drawdown for NPFI was -3.18%, occurring on Mar 30, 2026. Recovery took 67 trading sessions.
The maximum drawdown for GMMF was -0.03%, occurring on Jul 14, 2025. Recovery took 4 trading sessions.
The current NPFI drawdown is -0.08%.
| Rank | NPFI | GMMF |
|---|---|---|
| #1 | -3.18% Feb 20, 2026 - May 28, 2026 | -0.03% Jul 11, 2025 - Jul 17, 2025 |
| #2 | -2.94% Feb 27, 2025 - May 12, 2025 | -0.02% Apr 8, 2025 - Apr 10, 2025 |
| #3 | -1.73% Mar 28, 2024 - May 7, 2024 | -0.01% Jun 2, 2025 - Jun 4, 2025 |
| #4 | -0.92% Dec 11, 2024 - Jan 21, 2025 | -0.01% Mar 17, 2025 - Mar 20, 2025 |
| #5 | -0.88% Oct 17, 2024 - Dec 4, 2024 | -0.01% Feb 20, 2025 - Feb 27, 2025 |
| #6 | -0.76% Oct 28, 2025 - Nov 28, 2025 | -0.01% Jan 5, 2026 - Jan 9, 2026 |
| #7 | -0.61% Jul 22, 2024 - Aug 14, 2024 | -0.01% Feb 7, 2025 - Feb 11, 2025 |
| #8 | -0.61% Oct 6, 2025 - Oct 16, 2025 | -0.01% Mar 24, 2025 - Mar 26, 2025 |
| #9 | -0.54% Sep 23, 2024 - Oct 17, 2024 | -0.01% Jul 1, 2025 - Jul 3, 2025 |
| #10 | -0.48% Jul 3, 2025 - Jul 25, 2025 | -0.01% Apr 10, 2025 - Apr 14, 2025 |
| #11 | -0.46% Jan 16, 2026 - Jan 23, 2026 | -0.01% Aug 11, 2025 - Aug 14, 2025 |
| #12 | -0.37% May 20, 2024 - Jun 5, 2024 | -0.01% Jun 16, 2025 - Jun 18, 2025 |
| #13 | -0.31% Sep 5, 2024 - Sep 9, 2024 | -0.01% Dec 15, 2025 - Dec 17, 2025 |
| #14 | -0.29% May 16, 2025 - May 27, 2025 | -0.01% Jun 24, 2025 - Jun 26, 2025 |
| #15 | -0.29% Jun 2, 2026 - Jun 11, 2026 | -0.01% Apr 28, 2025 - May 2, 2025 |
Correlation
Correlation between NPFI and GMMF is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2024 - 2026)
NPFI vs GMMF dividend yield comparison.
| Year | NPFI | GMMF |
|---|---|---|
| 2026 | 2.42% | 1.48% |
| 2025 | 6.33% | 3.45% |
| 2024 | 5.10% | 0.00% |
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