NUW vs MDST

Comparison between Nuveen AMT-Free Municipal Value Fund (NUW, ETF) and Westwood Salient Enhanced Midstream Income ETF (MDST, ETF).

NUW vs MDST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NUW(ETF)	MDST(ETF)
Net Assets	$271M	$271M
Expense Ratio	N/A	0.80%
Max Drawdown	35.85%	16.16%
Sharpe Ratio	0.72	1.32
5Y Beta	0.14	0.43
P/E Ratio	N/A	24.59
Forward P/E	N/A	17.18
5Y Dividends CAGR	6.14%	N/A
5Y EPS CAGR	N/A	15.71%
P/S Ratio	N/A	1.18
P/B Ratio	N/A	3.56

Net Assets

NUW

$271M

Winner

MDST

$271M

Expense Ratio

NUW

N/A

MDST

0.80%

Max Drawdown

NUW

35.85%

Winner

MDST

16.16%

Sharpe Ratio

NUW

0.72

Winner

MDST

1.32

5Y Beta

Winner

NUW

0.14

MDST

0.43

P/E Ratio

NUW

N/A

MDST

24.59

Forward P/E

NUW

N/A

MDST

17.18

5Y Dividends CAGR

NUW

6.14%

MDST

N/A

5Y EPS CAGR

NUW

N/A

MDST

15.71%

P/S Ratio

NUW

N/A

MDST

1.18

P/B Ratio

NUW

N/A

MDST

3.56

NUW vs MDST - Historical Returns

Returns include dividend reinvestment.

Period	NUW	MDST
1 month	+0.41%	+3.85%
3 months	+0.19%	+9.15%
6 months	+2.13%	+16.50%
1 year	+9.46%	+23.07%
5 years(CAGR)	+0.49%	N/A
10 years(CAGR)	+1.19%	N/A
Max(CAGR)	+4.22%	+19.22%

NUW

+0.41%

Winner

MDST

+3.85%

NUW

+0.19%

Winner

MDST

+9.15%

NUW

+2.13%

Winner

MDST

+16.50%

NUW

+9.46%

Winner

MDST

+23.07%

5Y(CAGR)

NUW

+0.49%

MDST

N/A

10Y(CAGR)

NUW

+1.19%

MDST

N/A

Max(CAGR)

NUW

+4.22%

Winner

MDST

+19.22%

NUW vs MDST - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	NUW	MDST
2026	+1.90%	+17.80%
2025	+9.41%	+5.61%
2024	+3.29%	+17.22%
2023	+2.95%	N/A
2022	-15.89%	N/A
2021	+5.31%	N/A
2020	+4.40%	N/A
2019	+12.76%	N/A
2018	-9.84%	N/A
2017	+11.83%	N/A
2016	-4.32%	N/A
2015	+6.71%	N/A
2014	+20.77%	N/A
2013	-11.59%	N/A
2012	+7.03%	N/A
2011	+19.47%	N/A
2010	+2.75%	N/A
2009	+9.28%	N/A

NUW vs MDST Drawdown Comparison

The maximum drawdown for NUW was -26.42%, occurring on Mar 18, 2020. Recovery took 468 trading sessions.

The maximum drawdown for MDST was -14.19%, occurring on Apr 8, 2025. Recovery took 82 trading sessions.

The current NUW drawdown is -1.32%. The current MDST drawdown is -0.60%.

Rank	NUW	MDST
#1	-26.42% Aug 21, 2019 - Jun 30, 2021	-14.19% Apr 2, 2025 - Jul 31, 2025
#2	-22.58% Aug 26, 2021 - Oct 25, 2023	-7.50% Jan 21, 2025 - Apr 2, 2025
#3	-21.56% Nov 26, 2012 - Dec 26, 2014	-7.20% Nov 29, 2024 - Jan 14, 2025
#4	-19.59% Dec 15, 2017 - Jul 9, 2019	-6.75% Jul 31, 2025 - Dec 4, 2025
#5	-17.70% Oct 6, 2010 - Oct 7, 2011	-4.99% May 19, 2026 - Jul 14, 2026
#6	-17.00% Aug 23, 2016 - Dec 14, 2017	-4.30% Mar 27, 2026 - Apr 30, 2026
#7	-10.55% Feb 28, 2012 - May 29, 2012	-4.21% Jul 22, 2024 - Aug 19, 2024
#8	-8.61% Jan 22, 2015 - Nov 2, 2015	-3.67% Apr 9, 2024 - Apr 25, 2024
#9	-6.02% Dec 28, 2015 - May 13, 2016	-3.16% May 4, 2026 - May 13, 2026
#10	-4.75% Jul 12, 2019 - Aug 21, 2019	-3.11% Dec 4, 2025 - Jan 2, 2026
#11	-4.68% Aug 6, 2012 - Sep 20, 2012	-3.01% May 20, 2024 - Jun 24, 2024
#12	-4.07% Nov 1, 2012 - Nov 20, 2012	-2.73% Jan 2, 2026 - Jan 16, 2026
#13	-3.99% Jul 1, 2016 - Jul 28, 2016	-2.67% Sep 23, 2024 - Oct 3, 2024
#14	-3.72% May 29, 2012 - Jul 16, 2012	-2.35% Aug 30, 2024 - Sep 16, 2024
#15	-3.47% Dec 4, 2015 - Dec 18, 2015	-2.30% Apr 25, 2024 - May 7, 2024

Correlation

Correlation between NUW and MDST is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2009 - 2026)

NUW vs MDST dividend yield comparison.

Year	NUW	MDST
2026	2.38%	5.30%
2025	4.07%	10.22%
2024	3.89%	6.60%
2023	3.58%	0.00%
2022	3.44%	0.00%
2021	3.98%	0.00%
2020	2.85%	0.00%
2019	3.87%	0.00%
2018	5.34%	0.00%
2017	5.33%	0.00%
2016	4.72%	0.00%
2015	4.45%	0.00%
2014	4.62%	0.00%
2013	5.90%	0.00%
2012	4.28%	0.00%
2011	5.17%	0.00%
2010	6.00%	0.00%
2009	3.86%	0.00%