SPBW vs NMS
Comparison between ALLIANZIM BUFFER20 ALLOCATION ETF (SPBW, ETF) and Nuveen Minnesota Quality Municipal Income Fund (NMS, ETF).
SPBW vs NMS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPBW
$76M
Winner
NMS
$76M
Expense Ratio
SPBW
0.79%
NMS
N/A
Max Drawdown
Winner
SPBW
8.76%
NMS
47.88%
Sharpe Ratio
Winner
SPBW
1.77
NMS
1.36
5Y Beta
SPBW
0.41
Winner
NMS
0.05
5Y Dividends CAGR
SPBW
N/A
NMS
7.77%
SPBW vs NMS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPBW
+0.56%
NMS
-0.34%
3M
Winner
SPBW
+4.55%
NMS
+4.46%
6M
SPBW
+4.76%
Winner
NMS
+6.39%
1Y
SPBW
+11.58%
Winner
NMS
+15.41%
5Y(CAGR)
SPBW
N/A
NMS
-0.22%
10Y(CAGR)
SPBW
N/A
NMS
+1.78%
Max(CAGR)
Winner
SPBW
+9.80%
NMS
+3.31%
SPBW vs NMS - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | SPBW | NMS |
|---|---|---|
| 2026 | +4.18% | +8.15% |
| 2025 | +9.57% | +2.31% |
| 2024 | N/A | +18.82% |
| 2023 | N/A | -0.21% |
| 2022 | N/A | -22.04% |
| 2021 | N/A | +6.60% |
| 2020 | N/A | +7.38% |
| 2019 | N/A | +23.39% |
| 2018 | N/A | -12.96% |
| 2017 | N/A | -4.05% |
| 2016 | N/A | +12.86% |
| 2015 | N/A | +6.24% |
| 2014 | N/A | -3.37% |
SPBW vs NMS Drawdown Comparison
The maximum drawdown for SPBW was -8.76%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
The maximum drawdown for NMS was -38.76%, occurring on Oct 25, 2023. This drawdown has not yet recovered.
The current SPBW drawdown is -0.35%. The current NMS drawdown is -2.97%.
| Rank | SPBW | NMS |
|---|---|---|
| #1 | -8.76% Feb 19, 2025 - Jun 3, 2025 | -38.76% Sep 16, 2021 - Oct 25, 2023 |
| #2 | -2.86% Jan 27, 2026 - Apr 9, 2026 | -25.42% Sep 30, 2016 - Aug 11, 2020 |
| #3 | -1.40% Oct 27, 2025 - Nov 25, 2025 | -7.35% Aug 19, 2020 - Oct 27, 2020 |
| #4 | -1.14% Jun 1, 2026 - Jun 10, 2026 | -7.31% Mar 18, 2015 - Jan 29, 2016 |
| #5 | -0.83% Oct 6, 2025 - Oct 20, 2025 | -6.32% Nov 6, 2014 - Jan 27, 2015 |
| #6 | -0.76% Jul 28, 2025 - Aug 8, 2025 | -5.93% Jun 23, 2021 - Sep 14, 2021 |
| #7 | -0.68% Jan 12, 2026 - Jan 26, 2026 | -5.58% Oct 15, 2014 - Nov 6, 2014 |
| #8 | -0.54% Jan 8, 2025 - Jan 15, 2025 | -5.15% May 4, 2021 - Jun 23, 2021 |
| #9 | -0.51% Jun 12, 2025 - Jun 16, 2025 | -4.27% Aug 15, 2016 - Sep 30, 2016 |
| #10 | -0.44% Aug 13, 2025 - Aug 22, 2025 | -4.04% Apr 13, 2016 - Jun 6, 2016 |
| #11 | -0.44% Jun 16, 2025 - Jun 23, 2025 | -4.00% Jul 6, 2016 - Aug 5, 2016 |
| #12 | -0.43% Jan 23, 2025 - Feb 6, 2025 | -3.76% Jun 17, 2016 - Jul 6, 2016 |
| #13 | -0.39% Dec 11, 2025 - Dec 19, 2025 | -3.60% Oct 27, 2020 - Nov 17, 2020 |
| #14 | -0.33% May 14, 2026 - May 21, 2026 | -3.53% Feb 11, 2021 - Apr 14, 2021 |
| #15 | -0.28% Apr 17, 2026 - Apr 22, 2026 | -2.67% Feb 11, 2016 - Feb 25, 2016 |
Correlation
Correlation between SPBW and NMS is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
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