NXJ vs SPY
Comparison between Nuveen New Jersey Quality Municipal Income Fund (NXJ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NXJ, delivering a return of +13.3% compared to +2.0%
NXJ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NXJ vs SPY - Historical Returns
Returns include dividend reinvestment.
NXJ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NXJ | SPY |
|---|---|---|
| 2026 | +0.77% | +8.26% |
| 2025 | +13.03% | +18.00% |
| 2024 | +9.63% | +25.59% |
| 2023 | +6.18% | +26.72% |
| 2022 | -22.32% | -18.64% |
| 2021 | +12.42% | +30.52% |
| 2020 | +3.35% | +17.28% |
| 2019 | +19.11% | +31.09% |
| 2018 | -1.48% | -5.24% |
| 2017 | +8.89% | +20.78% |
| 2016 | +2.84% | +13.59% |
| 2015 | +6.53% | +1.31% |
| 2014 | +13.83% | +14.56% |
| 2013 | -16.30% | +29.00% |
| 2012 | +15.41% | +14.17% |
| 2011 | +15.54% | +0.85% |
| 2010 | +9.23% | +13.14% |
| 2009 | +41.88% | +22.67% |
| 2008 | -26.49% | -36.25% |
| 2007 | -13.43% | +5.32% |
| 2006 | +9.82% | +13.85% |
| 2005 | +7.56% | +5.32% |
| 2004 | +6.54% | +10.75% |
| 2003 | +14.37% | +24.18% |
| 2002 | -3.25% | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NXJ vs SPY Drawdown Comparison
The maximum drawdown for NXJ was -46.06%, occurring on Oct 10, 2008. Recovery took 838 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NXJ drawdown is -0.72%. The current SPY drawdown is -2.90%.
| Rank | NXJ | SPY |
|---|---|---|
| #1 | -46.06% Feb 8, 2007 - Jun 8, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -30.24% Sep 16, 2021 - Oct 15, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -26.43% Mar 6, 2020 - Feb 2, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.98% Nov 1, 2012 - Feb 10, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.47% Mar 1, 2004 - Jan 24, 2005 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.98% Nov 4, 2010 - Dec 7, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.81% Sep 6, 2016 - Mar 20, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.65% Feb 1, 2005 - Jul 1, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.51% Feb 17, 2006 - Dec 26, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.49% Sep 12, 2002 - Mar 5, 2003 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.81% Jul 2, 2003 - Nov 6, 2003 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.03% Mar 2, 2012 - May 11, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.83% Aug 30, 2005 - Dec 6, 2005 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.08% Feb 18, 2026 - Mar 27, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.08% Feb 11, 2021 - Apr 12, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NXJ and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
NXJ vs SPY dividend yield comparison.
| Year | NXJ | SPY |
|---|---|---|
| 2026 | 2.53% | 0.24% |
| 2025 | 7.45% | 1.07% |
| 2024 | 6.23% | 1.21% |
| 2023 | 3.23% | 1.40% |
| 2022 | 5.39% | 1.65% |
| 2021 | 4.56% | 1.20% |
| 2020 | 4.56% | 1.52% |
| 2019 | 4.51% | 1.75% |
| 2018 | 5.88% | 2.04% |
| 2017 | 5.14% | 1.80% |
| 2016 | 5.47% | 2.03% |
| 2015 | 6.10% | 2.06% |
| 2014 | 5.52% | 1.87% |
| 2013 | 5.34% | 1.81% |
| 2012 | 5.21% | 2.18% |
| 2011 | 5.50% | 2.05% |
| 2010 | 6.38% | 1.80% |
| 2009 | 5.35% | 1.95% |
| 2008 | 7.70% | 3.02% |
| 2007 | 5.71% | 1.85% |
| 2006 | 5.07% | 1.73% |
| 2005 | 6.47% | 1.73% |
| 2004 | 6.21% | 1.82% |
| 2003 | 6.00% | 1.47% |
| 2002 | 1.51% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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