RWJ vs NMZ
Comparison between INVESCO S&P SMALLCAP 600 REVENUE ETF (RWJ, ETF) and Nuveen Municipal High Income Opportunity Fund (NMZ, ETF).
5-Year PerformanceRWJ has outperformed NMZ, delivering a return of +11.2% compared to -1.7%
RWJ vs NMZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
RWJ vs NMZ - Historical Returns
Returns include dividend reinvestment.
RWJ vs NMZ - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | RWJ | NMZ |
|---|---|---|
| 2026 | +26.91% | +5.43% |
| 2025 | +8.28% | +0.23% |
| 2024 | +11.98% | +15.82% |
| 2023 | +16.69% | -1.16% |
| 2022 | -12.27% | -27.24% |
| 2021 | +54.19% | +12.04% |
| 2020 | +21.02% | +7.47% |
| 2019 | +17.99% | +25.87% |
| 2018 | -18.19% | -9.94% |
| 2017 | +4.20% | +12.41% |
| 2016 | +32.88% | -1.39% |
| 2015 | -7.94% | +9.91% |
| 2014 | +7.70% | +19.39% |
| 2013 | +41.60% | -9.82% |
| 2012 | +16.48% | +23.60% |
| 2011 | -2.72% | +15.64% |
| 2010 | +22.38% | -0.99% |
| 2009 | +44.07% | +49.88% |
| 2008 | -27.28% | -35.08% |
| 2007 | N/A | -8.16% |
| 2006 | N/A | +16.86% |
| 2005 | N/A | +14.20% |
| 2004 | N/A | +9.13% |
| 2003 | N/A | +0.00% |
RWJ vs NMZ Drawdown Comparison
The maximum drawdown for RWJ was -55.96%, occurring on Mar 9, 2009. Recovery took 267 trading sessions.
The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.
The current RWJ drawdown is -1.41%. The current NMZ drawdown is -10.39%.
| Rank | RWJ | NMZ |
|---|---|---|
| #1 | -55.96% Sep 19, 2008 - Oct 12, 2009 | -58.44% May 11, 2007 - Jan 13, 2012 |
| #2 | -51.34% Aug 22, 2018 - Nov 23, 2020 | -40.01% Jul 13, 2021 - Oct 27, 2023 |
| #3 | -29.29% Nov 25, 2024 - Sep 18, 2025 | -32.56% Feb 20, 2020 - Dec 30, 2020 |
| #4 | -27.42% Jul 7, 2011 - Feb 2, 2012 | -22.40% Jan 24, 2013 - May 13, 2014 |
| #5 | -25.83% Jun 23, 2015 - Nov 10, 2016 | -15.03% Jul 8, 2016 - Mar 8, 2019 |
| #6 | -25.57% Nov 16, 2021 - Mar 21, 2024 | -12.78% Mar 17, 2004 - Oct 14, 2004 |
| #7 | -22.98% Apr 23, 2010 - Dec 9, 2010 | -6.78% Feb 2, 2015 - Sep 22, 2015 |
| #8 | -15.40% Mar 26, 2012 - Sep 13, 2012 | -5.68% Feb 2, 2012 - Mar 28, 2012 |
| #9 | -14.85% Jun 5, 2008 - Sep 19, 2008 | -5.52% Feb 11, 2021 - Apr 13, 2021 |
| #10 | -13.64% Oct 15, 2009 - Jan 7, 2010 | -5.15% Jun 2, 2006 - Aug 8, 2006 |
| #11 | -13.63% Jul 3, 2014 - Dec 26, 2014 | -5.05% Aug 12, 2019 - Nov 11, 2019 |
| #12 | -12.72% Jun 8, 2021 - Nov 3, 2021 | -4.75% Nov 1, 2012 - Dec 5, 2012 |
| #13 | -12.59% Jan 27, 2021 - Mar 5, 2021 | -4.52% May 28, 2014 - Oct 20, 2014 |
| #14 | -12.32% Feb 21, 2017 - Oct 2, 2017 | -4.47% Dec 13, 2012 - Jan 4, 2013 |
| #15 | -12.23% Mar 12, 2021 - Jun 1, 2021 | -4.05% Jul 31, 2012 - Sep 18, 2012 |
Correlation
Correlation between RWJ and NMZ is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2004 - 2026)
RWJ vs NMZ dividend yield comparison.
| Year | RWJ | NMZ |
|---|---|---|
| 2026 | 0.50% | 4.46% |
| 2025 | 1.11% | 7.71% |
| 2024 | 1.15% | 6.35% |
| 2023 | 1.34% | 5.44% |
| 2022 | 1.02% | 7.04% |
| 2021 | 0.61% | 5.10% |
| 2020 | 0.89% | 5.09% |
| 2019 | 1.22% | 4.99% |
| 2018 | 1.44% | 6.15% |
| 2017 | 1.11% | 5.94% |
| 2016 | 0.61% | 6.94% |
| 2015 | 0.74% | 6.67% |
| 2014 | 0.57% | 6.88% |
| 2013 | 1.27% | 6.73% |
| 2012 | 1.34% | 5.72% |
| 2011 | 0.37% | 7.98% |
| 2010 | 0.39% | 8.75% |
| 2009 | 0.24% | 7.32% |
| 2008 | 0.85% | 11.33% |
| 2007 | 0.00% | 7.15% |
| 2006 | 0.00% | 5.82% |
| 2005 | 0.00% | 6.63% |
| 2004 | 0.00% | 7.44% |
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