NPV vs VGMS

Comparison between Nuveen Virginia Quality Municipal Income Fund (NPV, ETF) and VANGUARD MULTI-SECTOR INCOME BOND ETF ETF SHARES (VGMS, ETF).

NPV vs VGMS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NPV(ETF)	VGMS(ETF)
Net Assets	$223M	$223M
Expense Ratio	N/A	0.30%
Max Drawdown	52.73%	2.90%
Sharpe Ratio	0.97	0.93
5Y Beta	0.07	0.17
5Y Dividends CAGR	8.67%	N/A

Net Assets

Winner

NPV

$223M

VGMS

$223M

Expense Ratio

NPV

N/A

VGMS

0.30%

Max Drawdown

NPV

52.73%

Winner

VGMS

2.90%

Sharpe Ratio

Winner

NPV

0.97

VGMS

0.93

5Y Beta

Winner

NPV

0.07

VGMS

0.17

5Y Dividends CAGR

NPV

8.67%

VGMS

N/A

NPV vs VGMS - Historical Returns

Returns include dividend reinvestment.

Period	NPV	VGMS
1 month	+1.59%	+0.48%
3 months	+2.11%	+1.77%
6 months	+6.47%	+1.90%
1 year	+9.91%	+6.89%
5 years(CAGR)	-1.46%	N/A
10 years(CAGR)	+2.35%	N/A
Max(CAGR)	+4.03%	+6.94%

Winner

NPV

+1.59%

VGMS

+0.48%

Winner

NPV

+2.11%

VGMS

+1.77%

Winner

NPV

+6.47%

VGMS

+1.90%

Winner

NPV

+9.91%

VGMS

+6.89%

5Y(CAGR)

NPV

-1.46%

VGMS

N/A

10Y(CAGR)

NPV

+2.35%

VGMS

N/A

Max(CAGR)

NPV

+4.03%

Winner

VGMS

+6.94%

NPV vs VGMS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NPV	VGMS
2026	+6.81%	+1.33%
2025	-6.00%	+5.43%
2024	+24.72%	N/A
2023	-1.53%	N/A
2022	-30.61%	N/A
2021	+10.87%	N/A
2020	+14.18%	N/A
2019	+27.87%	N/A
2018	-4.56%	N/A
2017	+3.28%	N/A
2016	-0.03%	N/A
2015	+9.28%	N/A
2014	+17.11%	N/A
2013	-20.91%	N/A
2012	+5.25%	N/A
2011	+11.93%	N/A
2010	+3.16%	N/A
2009	+35.31%	N/A
2008	-11.84%	N/A
2007	-7.20%	N/A
2006	-1.23%	N/A
2005	-4.05%	N/A
2004	+6.54%	N/A
2003	+4.52%	N/A
2002	+18.83%	N/A
2001	+7.94%	N/A
2000	+22.39%	N/A
1999	-14.72%	N/A

NPV vs VGMS Drawdown Comparison

The maximum drawdown for NPV was -44.23%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

The maximum drawdown for VGMS was -2.46%, occurring on Mar 27, 2026. Recovery took 38 trading sessions.

The current NPV drawdown is -15.46%. The current VGMS drawdown is -0.01%.

Rank	NPV	VGMS
#1	-44.23% Dec 22, 2021 - Oct 27, 2023	-2.46% Feb 23, 2026 - Apr 17, 2026
#2	-41.74% Feb 12, 2007 - Jul 28, 2009	-1.25% Apr 17, 2026 - May 29, 2026
#3	-28.66% Jul 17, 2012 - Mar 10, 2016	-0.77% Oct 27, 2025 - Nov 25, 2025
#4	-25.55% Feb 24, 2020 - Jul 6, 2020	-0.66% Oct 2, 2025 - Oct 15, 2025
#5	-23.27% Jan 26, 2004 - Nov 4, 2004	-0.60% May 29, 2026 - Jun 8, 2026
#6	-19.13% Oct 12, 2010 - Jan 23, 2012	-0.56% Jul 1, 2025 - Jul 22, 2025
#7	-16.53% Sep 7, 2016 - Jul 31, 2019	-0.36% Aug 13, 2025 - Aug 22, 2025
#8	-16.44% Oct 12, 2005 - Feb 9, 2007	-0.36% Sep 15, 2025 - Oct 2, 2025
#9	-15.46% Nov 2, 1999 - Aug 28, 2000	-0.33% Dec 3, 2025 - Dec 18, 2025
#10	-11.70% Jun 18, 2003 - Jan 12, 2004	-0.28% Aug 28, 2025 - Sep 3, 2025
#11	-9.96% Feb 14, 2005 - May 24, 2005	-0.25% Aug 22, 2025 - Aug 28, 2025
#12	-9.94% Aug 31, 2021 - Dec 22, 2021	-0.25% Nov 28, 2025 - Dec 3, 2025
#13	-8.98% Aug 20, 2002 - Dec 31, 2002	-0.25% Jun 12, 2025 - Jun 18, 2025
#14	-8.92% Aug 6, 2001 - Jun 13, 2002	-0.23% Jul 22, 2025 - Aug 1, 2025
#15	-8.62% Oct 30, 2009 - Mar 26, 2010	-0.22% Jan 14, 2026 - Jan 21, 2026

Correlation

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

0.89

-101

Dividend Comparison (2000 - 2026)

NPV vs VGMS dividend yield comparison.

Year	NPV	VGMS
2026	2.82%	2.17%
2025	7.55%	2.94%
2024	5.63%	0.00%
2023	3.89%	0.00%
2022	5.08%	0.00%
2021	3.42%	0.00%
2020	3.49%	0.00%
2019	3.58%	0.00%
2018	4.62%	0.00%
2017	4.40%	0.00%
2016	4.87%	0.00%
2015	5.25%	0.00%
2014	5.73%	0.00%
2013	6.15%	0.00%
2012	4.35%	0.00%
2011	4.93%	0.00%
2010	5.47%	0.00%
2009	4.57%	0.00%
2008	6.13%	0.00%
2007	5.58%	0.00%
2006	5.00%	0.00%
2005	6.85%	0.00%
2004	5.19%	0.00%
2003	5.29%	0.00%
2002	5.05%	0.00%
2001	5.32%	0.00%
2000	2.20%	0.00%