PDP vs NMZ
Comparison between INVESCO DORSEY WRIGHT MOMENTUM ETF (PDP, ETF) and Nuveen Municipal High Income Opportunity Fund (NMZ, ETF).
5-Year PerformancePDP has outperformed NMZ, delivering a return of +8.6% compared to -1.7%
PDP vs NMZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PDP vs NMZ - Historical Returns
Returns include dividend reinvestment.
PDP vs NMZ - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | PDP | NMZ |
|---|---|---|
| 2026 | +16.82% | +5.43% |
| 2025 | +8.02% | +0.23% |
| 2024 | +28.47% | +15.82% |
| 2023 | +21.82% | -1.16% |
| 2022 | -23.37% | -27.24% |
| 2021 | +9.40% | +12.04% |
| 2020 | +35.79% | +7.47% |
| 2019 | +34.74% | +25.87% |
| 2018 | -6.40% | -9.94% |
| 2017 | +22.97% | +12.41% |
| 2016 | +4.62% | -1.39% |
| 2015 | +1.55% | +9.91% |
| 2014 | +13.29% | +19.39% |
| 2013 | +28.69% | -9.82% |
| 2012 | +17.82% | +23.60% |
| 2011 | +0.33% | +15.64% |
| 2010 | +24.50% | -0.99% |
| 2009 | +24.87% | +49.88% |
| 2008 | -45.65% | -35.08% |
| 2007 | +13.82% | -8.16% |
| 2006 | N/A | +16.86% |
| 2005 | N/A | +14.20% |
| 2004 | N/A | +9.13% |
| 2003 | N/A | +0.00% |
PDP vs NMZ Drawdown Comparison
The maximum drawdown for PDP was -59.34%, occurring on Mar 9, 2009. Recovery took 1087 trading sessions.
The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.
The current PDP drawdown is -9.52%. The current NMZ drawdown is -10.39%.
| Rank | PDP | NMZ |
|---|---|---|
| #1 | -59.34% Dec 10, 2007 - Apr 3, 2012 | -58.44% May 11, 2007 - Jan 13, 2012 |
| #2 | -34.70% Feb 19, 2020 - Jul 17, 2020 | -40.01% Jul 13, 2021 - Oct 27, 2023 |
| #3 | -33.92% Nov 8, 2021 - Jul 12, 2024 | -32.56% Feb 20, 2020 - Dec 30, 2020 |
| #4 | -24.54% Sep 14, 2018 - Jun 10, 2019 | -22.40% Jan 24, 2013 - May 13, 2014 |
| #5 | -23.79% Dec 4, 2024 - Sep 19, 2025 | -15.03% Jul 8, 2016 - Mar 8, 2019 |
| #6 | -19.14% Mar 20, 2015 - Feb 9, 2017 | -12.78% Mar 17, 2004 - Oct 14, 2004 |
| #7 | -17.58% Jun 22, 2026 - Jul 29, 2026 | -6.78% Feb 2, 2015 - Sep 22, 2015 |
| #8 | -13.91% Jul 13, 2007 - Oct 9, 2007 | -5.68% Feb 2, 2012 - Mar 28, 2012 |
| #9 | -13.47% Feb 12, 2021 - Aug 5, 2021 | -5.52% Feb 11, 2021 - Apr 13, 2021 |
| #10 | -11.87% Oct 29, 2025 - Jan 13, 2026 | -5.15% Jun 2, 2006 - Aug 8, 2006 |
| #11 | -11.63% Feb 25, 2026 - Apr 10, 2026 | -5.05% Aug 12, 2019 - Nov 11, 2019 |
| #12 | -9.80% May 2, 2012 - Sep 14, 2012 | -4.75% Nov 1, 2012 - Dec 5, 2012 |
| #13 | -9.76% Sep 5, 2014 - Nov 3, 2014 | -4.52% May 28, 2014 - Oct 20, 2014 |
| #14 | -9.59% Jul 16, 2024 - Sep 19, 2024 | -4.47% Dec 13, 2012 - Jan 4, 2013 |
| #15 | -9.53% Jan 26, 2018 - May 30, 2018 | -4.05% Jul 31, 2012 - Sep 18, 2012 |
Correlation
Correlation between PDP and NMZ is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2004 - 2026)
PDP vs NMZ dividend yield comparison.
| Year | PDP | NMZ |
|---|---|---|
| 2026 | 0.00% | 4.46% |
| 2025 | 0.17% | 7.71% |
| 2024 | 0.15% | 6.35% |
| 2023 | 0.42% | 5.44% |
| 2022 | 0.45% | 7.04% |
| 2021 | 0.00% | 5.10% |
| 2020 | 0.11% | 5.09% |
| 2019 | 0.25% | 4.99% |
| 2018 | 0.18% | 6.15% |
| 2017 | 0.28% | 5.94% |
| 2016 | 0.81% | 6.94% |
| 2015 | 0.39% | 6.67% |
| 2014 | 0.15% | 6.88% |
| 2013 | 0.28% | 6.73% |
| 2012 | 0.85% | 5.72% |
| 2011 | 0.16% | 7.98% |
| 2010 | 0.24% | 8.75% |
| 2009 | 0.54% | 7.32% |
| 2008 | 0.27% | 11.33% |
| 2007 | 0.09% | 7.15% |
| 2006 | 0.00% | 5.82% |
| 2005 | 0.00% | 6.63% |
| 2004 | 0.00% | 7.44% |
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